The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1881-12-15
FINANCE AND COMMERCE..
The Home and Foreign Mar.
kefs Ecsierlay--GeneraI
Reports.
EXAMINER OFFICE, December IA.
FUTURE UNCERTAINTY.

EXAMINER OFFICE, December IA.
FUTURE UNCERTAINTY.
The following from the Chicago
Times regarding the future of grain and
pork applies to cotton as.well. 1t says
the wise men on the board of trade con
fess themselves to be in a quandary.
The street is fun of prophets, but it is
noticed that the men who have made
money on change have very little to
say. If they are interrOgated as to the
prospects, they throw up both hands
and ask for an easier question.
Il never saw so much ig-
norance among the knowing ones
before for years" said a veteran
pork-packer. They know there is a
short crop of hogs, a short crop of
wheat, and a short crop of corn. They
know also that prices are from 20 to 40
per cent higher than they were this
time last year, and they can not make
up their minds whether prices ought to
go higher or whether the market has not
already been discounted and Qver-played
Everything Is III state of delightful
uncertainty. The hog crop will not
reach IS per cent Of last years supply,
and it may not go above 70 per cent.
Packers, however are timid, and are
| disposing or their product as fast as it
IL made. Pork and meats of all kinds
are finding large market in the south
and north for actual consumption. There
| is very little shipping demand for
wheat, but that may be because
Wall street is bearing the cereal at tie
other end below its real value 1t does
not follow that because the market is
against our shippers that we are too
high. Already there is prospect of an
increased export demand directly from |
Chicago. They say corn Is too high, yet |
1t Is fact that we are shipping corn into |
the south for cCnsumptIve purposes. [ |
would like to be bull, but am afraid |
the future has been discounted to death |
already. If you can find me a guide [ |
Will do the handsome thing by you. but !
he must give me an insurance on all the |
money invested"
The st. Louis Republican says, refer
ring TO The cotton deal, an operator |
said yesterday: at is simply a matter of |
speculation until late in January, when |
the extent of the crop is known. The |
Mississippi valley has not promised well |
since the dry weather in September, and |
it seems doubtful if estimates of $780, |
900, to 100000 are justified I should |
say that the current estimate is $780,
900 with occasional guesses of 5,50O,000,
and it is beyond doubt that the crop
will be better in quality than last year.
A curious fact is that the New York
market is higher than Liverpool. 1t
seems that speculative mania ia taking
hold, and cotton being It favorite article,
attracts outsiders.
LUMBER NOTES.
Orange: McKinnon & Van Meters
mill is saving both lumber and ties, and
averaging about 10000 feet per day.
Judge Wingates mill commenced Mon
day on its grand day and night battle
with pine logs. The mill, brilliantly
Illuminated, looks splendid. and has
been cutting about 10000 feet of lumber
per night, nearly as much as it averages
during the daytime. Heavy investments
have recently been made by capitalists
in timber lands on the Sabine, near
Orange, and We hear rJ!mors of some
steam tramwaya, Mr.. Jordan's mill is
now averaging 10000 shingles day. 1t
has timber enough to run to the end of
the year Shingles, sawed hearts, $3.50;
shingles, sawed saps, S2.15. Lutcher &
Moore quote to-day: Boxing, 81:
scantling, S14;fencing, Si4; flooring, SIS;
ceiling, Sl4@16; all heart, SIC; lath,
plaster, S2.25; spear-head pickets, rough,
so; do. dressed, SIS; fancy do. rough,
513; 90. dressed, 81.
Jefferson Rough lumber per 1000
feet: First-class flooring and weather.
boards, S15; frst-class boards and scant-
lings, S12; second-class do, sappy and
windshaken, SO, up to q feet in
length-over that length, special prices;
dry lumber, 81 extra; 50-foot timbers,
$40. Dressed lumber, per 1000 feet
d and NJ flooring, 1 or 6 inches heart,
$21; d and NJ flooring or inches
mixed, S16@1S; ks, 1x10, 1xI2, S s
mixed, Sl5@l7; KS, 1X10, S S mixed,
S17@19; 1xl6, lX1S, 1x20, 5 l S mixed,
S20@22; 1x16 1x1S, 1x20, S . s mixed,
S22@24: 2x4. S S, S24;; L or IL wide
plank, S S, $20@22; Ii or IL wide
plank, S . S, S22@24; b and NJ q
beaded ceiling, tied, $15,
RAILROAD NOTES.
The Houston Age remarks that ''there
is an expression in these regions that
Messrs. Gould and Huntington are going
to smother out Mr. Charles Whitney and
the Houston and Texas Central railway
company. But the impression is erro-
neous. The men who assume that
Charles Whitney and the Houston and
Texas Central railway can be smothered
are FOOLS
The contract between Mr.. C. Hunting
ton and Mr. Jay Gould has been ratified
by the directors of the Missouri Pacific,
Kansas and Texas, Texas and Pacific, St.
T J i /
the International and Great Northern
railway companies.
WINTER WHEAT FREEZING.
The common acceptance is that
freezing Of wheat lands late in the fall
is very damaging, but an old wheat
grower gives it as his opinion that the
light fall freezes are decided benefit.
The result of the fall rains is to form a
crust upon the surface of the wheat
fields, which is against the perfect
growth of the plant. These slight
freezes not enough to heage land and in
jure the roots, loosen up the soil and
makes it mellow so that in the warm
days that intervene between the frosts,
the wheat roots get a better chance to
feed" and so it results after all in a
benefit equal to slight coating of fine
manure.
TEXAS CULTIVATED AREA.
The census returns for 1881 credit
Texas with total agricultural area of
settlement of l24, 600 square miles; 49, |
200.of these have to 6, 1880 have to
s, and $500 have from Is to 40 inhabit-
ants to the square mile. The report de- |
clares that agriculture i'll the United |
States is not carried to such point as
to afford employment and support to a |
population in excess of 40 to the square !
mile.
THE LOCAL COTTON MARKET.
Strict good ordinary. .......... 9l1c
Low mlddllng. NEUTRALITY-SUSPICIOUS.. 98c
Strict low mlddllng. .101ic
M1ddilhg. .-...--.....l U12c
Strict mlddllng. .10I C
Good middling lie
Receipts for the day 125 bales.
PRICES CURRENT.
In the prices current this market is
quiet and steady with not much doing
and unchanged from previous quota
tions
Wholesale prices.l
Bacon, clear sides. .. 114@12
Bacon, breakfast. ... IL
Hams, choice ....... 124@14