Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-05-20
A REACTION
From the Depressed Condition
of the Last Few Days.
WHEAT OPTIONS ARE ACTIVE.
Orders Were Received from London for
$4,000 Shares of St. Paul-WooI Move
ment Light and Prices Unchanged.
Silver 81 1-4-Money Easy.
COMMERCIAL RESUME.

COMMERCIAL RESUME.
Special to the Gazette.
NEW York, May 19-Money closed. easy,
3 per cent the lowest rate. The highest rate
was D per cent.
Exchange S4Gr4 $50.
Silver-9714
Sugar-Raw and refined dull and un-
changed.
Wheat-Options fairly active and firm,
closing 75G3sc higher. Spot lots closed
firm
Cotton-spot lots steady. Middling up
lands, SIC. Futures closed steady.
Coffee Spot lots quiet. Midling uplands,
1890. Futures closed steady.
WOol-The movemeatvsis light without
variation in price ,.s;is
Hides-Firra.sszl ehos Ayres, dry, 1890
nc; dry r. &C, ~,
elhn1no6yhg prices were firm, advanced 4
al per cent by noon; but after noon there
was a sharp reaction the result of some
selling due TO reported engagements of 81
go eco Of gold for shipment by to-morrow's
steamer. Final figures were irregularly
and slightly changed.
Atchison, 2S55.
Dry goods-No change in the dry goods
market and only hand to mouth business
is being done, and there are no signs of i'm
mediate activity.
Bonds dull.
Fort Worth and Denver City certificates,
23i4.
Fort Worth and Denver Is, 104.
Atchison general mortgage as, 49,.
Atchison general mortgage incomes, "A.
Kansas and Texas Is, .63z.
Kansas and Texas rs, 39is.
Missouri, Kansas and Texas Is, 76%.
Missouri, Kansas and Texas rs, 39I%.
St Louis, Arkansas and Texas is, 81.
Texas and Pacific Is. SS$[
Texas and Pacific rs, b..
There was Il changed appearance in spec
ulatiou at the opening this morning, for
which London was largely responsible,
orders from that center coming in for 1000
Of St. Paul, small amounts of Louisville
and Nashville. Union Pacific, Atchison,
Ontario and Western and Denver and Rio
tirande. Total foreign purchases are est-
mated at o., 900 shares. The rumors which
were so freely circulated ON yesterday, con-
corning the possible embarrassment of the
great banking firm at Paris, received a
quietus this morning by cables from abroad.
The whole affair required such an amount
of credit on the part of dealers in stocks
that the effect of so startling u report spent
It's force almost as soon as announced.
The strength Of sugar satisfied traders
that somebody was buying the stock and
the people who watched thought they saw
evidence of inside buying. We are told the
sugar people, who have been lending good
deal of money lately, called in considerable
sums yesterday This attracted attention
and led to some outside buying. Sugar
brokers tell US the American company
trust will inevitably make large profits on
It's business on current prices on raws and
refined. The preferred stock is considered
practically cheap by insiders, because it is
II cumulative per cent stock AMI is con-
I'D tlIr, III
regularly. We are told, that insiders are
holding their preferrea3sto
sATwooD, VIOLET &sco. $ COTTON REPORT
Sspecial TO the Ga4skse
SEw ORIEASs Ia, May 19-Atwood,
E'utN%01some improvement here and in
New York to-day. due to the reports of the
crop not being favorable in some localities,
the effect of which has been to improve the
new crop position more than the Old.
Trading here in summer months will be
largely confined, we think, to liquidation,
and IS each month becomes tenderer all
contracts will be closed out at ID to 20
points under middling. June tonight is
IS -, and middling is &S.3S. Crop condi-
tions must be the governing feature for
some time.
Pork-Receipts to-day 5000 against $500
last year.
f. o. B.-No offerings No sales.
Spots-Steady. Sales 1900, quotations
unchanged offerings as usual. No demand
for good grade.
Crop news from Galveston-Our agent
wires US the following: THE Galveston
News says: Plants are small, but strong;
otherwise crop prospects are very good for
more than the average yield. The fields
are free from grass. More land is planted
in Cotton than last year by to 10 per
cent
Our correspondent at Greenville, Miss,
writes us about the growing crop under
date of May Is:
Our section. and IS far as we can hear
from above and below, We're visited with
good rains last night. At this time of writ
ing q p. M we are again having rain. Our
prospects so far in this section are far
ahead Of anything known for years. Acre
ages have been increased, as we have not
suffered from overflow as we did last sea-
son. The rain will induce rapid growth,
and plants will recover from any loss from
recent cold nights.
GOVERNMENT STOCKS AND BONDS.
NEW YORK, May 19-The stock market
to-day gave promise of developing reac-
ton. from the depression of the last few
GAYS: but notwithstanding the more hope
Fful and favorable advices from abroa d the
continuation of gold shipments caused re-
newal of pressure to sell for both sides
of account and the improvement scored
4tarly in the day could not be maintained
tThe market closed quiet, but firm. Final
changes actually show some advances, and
the only material loss for the day is per
cent in AtchiSon.
Railroad bonds dull.
Government and state bonds neglected.
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