Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-03
BRIGHT OUTLOOK.
A Sharp Squirt in Prices on
London Buying.
NO GOLD SHIPMENTS IN SIGHT.
r# Next Cotton Crop Estimated at
Es,"50,O0O Bales, Making Two
Years Average 100000.
81 Bonds Dull.
COMMERCIAL RESUME.

COMMERCIAL RESUME.
Sp kial to the Gazette
Ew YORK, June Mooney closed easy
at per cent the lowest rate OF the day.
T highest was 4.
xchange-F'irm, 4s51IC04. S915
silver-971l
ugar-Raw and refined dull and IN
danged.
kWheat-Options, unsettled and weak on
(Nhe large increase in amount in passage,
weak
Wool-Dull. Texas, l2ta22o.
Cotton-Spot lots quiet. Middling up
lands, S 13-l6c. Futures closed steady.
Coffee-Spot lots quiet; fair Rio, car
goes, 1916. Futures closed steady.
Hides-Steady: Buenos Ayres, dry, Isl :
@l4c; dry Texas, 10@l01lc.
Stocks were fairly active to-day in Lon
don in the early dealings. On rumors of
financial troubles, consequent upon receipt
of news from the Argentine republic of a
panic and impending rebellion in that coun-
try, there was some selling, but subse-
quently the reports were denied and active
buying followed at the opening of this mar
ket for London account. Prices here
opened higher, but soon weakened on fur
Their engagements of gold. The market
rallied, however, by II o'clock and con-
tinUed firm during the rest of the day, clos
ing Is TO per cent higher.
Dry goodS-Market dull.
Bonds dull
Fort Worth and Denver City certificates,
Fort Worth and Denver Is, 1887.
Atchis0n general mortgage As, 1Sl4.
AtchiSOn incomes, 49,.
Missouri, Kansas and Texas Is, 151{.
Missouri, Kansas and Texas 2's. 39$l
st. Louis. Arkansas and Texas is, SOB.
Texas AND Pacific Is, 81.
Texas and Pacific 2'S, 3D..
SHARP Squirt IN PRICES.
Special TO the Gazette.
New YORK, June 2.-London was heavy
buyer of stock during the first two hours,
and then the shorts put out recently began
TO cover, causing 4 sharp squirt i'll prices.
The exchange market was strong, and
bankers look for heavy gold exports during
the week. Lazard E'reres, who shipped
Sl.0OO0 900 on the Lapin this morning. will
not ship tomorrow or Thursday. Barring
NlagoUn took 100000, Van Hoffman $780,
600. and Heidelback, Ickelheimer & Co
$500 in gold coin from the sub-treasury
for shipment tomorrow. A report pre-
vailed that part of the gold engagement had
been cancelled, but this was incorrect.
Nevertheless it was used for advancing
the market in the afternoon.
COTTON REPORT
Special 10 the Gazette.
New ORLEANS, LA, June Atwood,
Violet & Co. say:
Futures-The unfavorale crop report of
n prominent Memphis firm caused the quick
reaction from the decline here and else
where at opening. This market and New
York advanced : 20 points on bears COW
cring, but subsequently lost Il all and closed
about the same or little lower than YES
terday.
Liverpool lost 2-G4, but recovered and
closed firm, but spots are down 1-16.
Should the next crop be 1850, 600 Only and
the present crop S.150.000, which it most
probably will, it would make an average of
5000 600 bales for the two crops. and the
world apparently thinks such an average
qJgEe enough for consumption at pres
sit prices. There is too much cotton
in sight of the present crop to hope for
much improvement, if any. Port receipts
to-day We're 500 against 100 last year.
Spots easy. Sales 2000 bales. Quotations
unchanged, although we have said quite
frequently of late the market is sc lower
~ sell.
GOVERNMENTS. STOCKS AND BONDS.
New YORK, June Dealings in the
stock market today retained their late pro-
fessional character and movements after
those of the first hour We're generally in
significant. The final changes of note in
clude advance of y in St. Paul and / per
cent each in Missouri Pacific and Rock
Island.
Railroad. government and state bonds
have been dull and featureleSS