The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1882-01-28
FINANCE AND COMMERCE.
Yesterdays Quotations and
STATE of Trnde--Iisceiia ne-
Gus Commercial Matters.
COMM ERCIAL.

EXAMINER OFFICE, January. It
To-day the long iethargy was broken
and the trade begins to resemble that OF
pristine DAYS. There was only about
thirty bales of cotton III and this mostly
| of low grade sold at quoted figures
There is said to be a cousiderablequantlty
| nf cotton held in the little towns con
| tjruous. and only awaiting fair weather
! to be brought to this market.
AT the cotton exchange to-day
was an unusual amount of specu-
| latiou. transactions generally small.
/ The bull tendency was very
/ manifest and purchases invariably
shaded the Geographic quotations. Gel
| tain lambs were there. The temptation
Of gaining a golden fleece Is no Hght
one. There Will be something gained
| experience, most likely.
Provisions hold their own and there Is
scarcely change in quotations The
shipments Of country produce from rail
way points were considerable to-day AMI
thus is supplied a great want. EXpec-
fancy is on tip-toe in regard to the city
trade after few more days OF sunshine
has made travelling on country roads
possible.
The countries bordering on the Black
sea, and called collectively, the "granary
OF Europe" have mt length begun to
show the natural effect of arbitrary
rule aud enormous taxes. The quantity
nj grain raised has decreased yearly
since 1876.
Why cotton fabrics cannot be manu-
featured to advantage in Texas is an
open question. In all the southern
states where manufacturing has been
carried on extensively it has proved Il
perfect bonanza. The mills erected at
Columbus, Ga, about year ago, Mt
cost Of 81 100000, have paid dividend
Of % per cent. Besides this it gives en-
plnymeut 10 vast number who
otherwise would be distributed
even for the halt and MANNED, there
IS work which can be done in the manu-
facture Of cotton. Steam is used to Il
great extent in these mammoth
establishments, and as water is not
always reliuble III this country, might be
used to move machinery. St. Louis has
a large trade III cotton fabrics with the
gulf cities More attention to tins
matter might he the means OF
developing an industry which would
eclipse anything else visible. Capt.
tai invested in this way will certainly
bring reward. There should be some
move in this direction made III our
own city.
The Financial Chronicle states the
surplus in the visible supply Of cotton rs
compared with one year ago at 255,OUU
bules. The surplus il the visible sup
ply of American is stated at 167, 900 bales, |
showing decrease of 1900 bales dur
ing the week and $4,000 bales during the
fortnight.
The receipts from plantations last
week amounted to S7,Sl6 bales, against |
135,Sl3 bales last year and 1891 bales
the year before, for the corresponding |
week.
For some time. past one of the manu-
facturers of castor oil III st. Louis has .
been trying to create a corner in the ar
ticle by concentrating the supply III his
hands. He has been buying quietly on |
all sides, and has now succeeded in his
designs by the purchase of LOCO cases,
thus entirely clearing out the Boston
market and taking a considerable part
Of the supply in New York. He bought /
the oil at 1215@14c, the bulk having
been obtained at be. The effect of his
purchase or the market has already been
felt, and the quotations are now firm at
l4@ 15c. 1t is the opinion of a promi-
nent dealer that the price will rise con
siderably above this figure.