Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-04
BRIGHT OUTLOOK.
A Sharp Squirt in Prices on
London Buying.
NO GOLD SHIPMENTS IN SIGHT.
The Next Cotton Crop Estimated at
100000 Bales, Making Two
Years Average 100000.
Bonds Dull.
COMMERCIAL RESUME.

COMMERCIAL RESUME.
specsa-se the Gazette.
NEW Y6hss June Mooney closed easy
at 2]E per cenrNthe lowest rate of the day.
The highest was
Xchange-FirlA 4s516@4s911.
Nilver-g11E
=, sug gar and sefned dull and un-
Wheat-Options, UNSETTLED and weak on
the large increase ID amount in passaee
and closed 9s(9}5 Lower; spot lots eesed
"S Wool-Dun. Texas, S@2sc.
Cotton-Spot lots qlSeG. MiddHng up
lands, $ 13-1Gc. Futureselosed STEADY
Cofee-Spot lots quietS fair fRio, car
goes, 1896. Futures closedstsady
Hidess-Steady; Baenos AyresS dry, 13}15
@l4c; dryTeXas, 10@10Ec. 'ee.-.
StoclSwere fairly active to-day in Lon
don the early dealings. On rumors- ~
f1SGclal troubles, consequent upon ISeeF
~ news from the Argentine republic N a
panic and impending rebellion i4fthate oun-
try, there was some sellin2S bISessubse-
quently the reports were dekse&8hd 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 toa per cent higher.
DrXxSoOdS-Alarket dull.
E*hdS dull.
Fort Worth and Denver Is, 1887.
Atchison general mortgage as, 7S14.
Atchison incomes, 45%.
Missouri, Kansas and Texas Is, 751I.
Missouri, Kansas and Texas 2's, 39$1.
St Louis, Arkansas and Texas is, S011s.
Texas and Pacific Is, ST..
Texas and Pacific 2's, 311S.
SHARP sPURT IN PRICES.
Special to the Gazette.
New YORK. June london was a heavy
buyer of stock during the first two hours,
and then the shorts put out recently began
to cover, causing a sharp squirt in prices.
The exchange market was strong, and
bankers look for heavy gold exports during
the week. Lazard F'reres, who shipped
$1,000 900 on the Lapin this morning, viii
not ship tomorrow or Thursday. Barring
MagOun took S500,000, Van Hoffman $780,
900, and Heidelback, Icselheimer i ca.
$500. 900 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 to the Gazette.
NEW ''hisi-A-NS. LA, juno w OOuf
Violet & Co. say:
Futures-The unfavorable crop report Of
prominent Memphis firm caused the quick
reaction from the decline here and else
where at opening. This market and New
York advanced to points on bears coy
ering, but subsequently lost it all and closed
about the same or a little lower than yes
terday.
Liverpool lost ga, but recovered and
closed firm. but spots are down 1-16.
ShoIld the next crop be 7,250000 only and
the present crop S.750,000, which it most
probably will, it would make an average of
100000 bales for the two crops, and the
world apparently thinks such an average
quite enough To- consumption at pres
ent prices. There is too much cotton
i'll sight of the present crop TO hope for
much improvement, if any Port receipts
today were 6l00 against HOO last year.
Spots easy Sales 2000 bales. Quotations
unchanged, although we have said quite
frequently of late the market is &c lower
to sell