The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1882-01-31
FINANCE AND COMMERCE.
Quotations and
State of Trade.-Misceiia
ous Commercial Matters.
COM NJ ERCiAL.

EXAMINER OFFICE. January 80
| To-day has been rather devoid OF inter
est, if we may except the very disheart
ening fleet of "a sudden decline IN cotton
| contracts. Fortunately this was not
| cause of complete depression. The
| beaming face of short" could occa-
| sionally be seen.
At the cotton exchange considerable
| business was done, though transactions
were small; generally sales were in lots
, under fifty bales and day contracts.
The supply of country produce
received on Friday and Saturday Is now
pretty well exhausted, and dealers again
begin to watch the weather. Oats are
still in great demand and proper
tionately scarce.
The Chicago Tribune says: sit is I'M
portant to note at the same time that
money is easy in New York and growing
easier. Money is now offered in Chicago
by New York lenders, both individuals
and banks, at the rate of six per cent.
for long loans, and the longer the better.
This shows that if New York has to send
money to London it has it to send. Ii
never used to excite alarm if gold went
out of the country. 1t is natural thing
for this country to send gold abroad.
Our position has been reversed for the
past few years by an unusual combina-
ton of circumstances, which cannot last
forever"
The condition of the winter wheat
crop is attracting attention. From
Michigan not single unfavorable re-
port has been received, and should the
crop escape the frosts in February and
March an immense yield is promised
them. Late reports from Ohio, West
Virginia, Indiana and Kentucky give
the same tiattering reports. The esti-
mate given of the quantity in farmers
hands vary from Is to 80 per cent. The
majority of the reports makes the guam
tity 35 per cent. of their surplus still on
hand. The report of the Illinois depart
ment of agriculture estimates that the
wheat is II per cent less than 1880; the
condition of the growing crops in all
portions of the state is promising, and
above an average in all but few coun-
ties.
The New Orleans Price Current dis
cusses Investigation of manufactures.
1t thinks cotton manufacturers should
be encouraged, but that it would not be
expedient to attempt competition with
other manufacturing points in the pro-
duction of the finer class of fabrics.
But in the production of other descrip-
lions, especially heavy goods, the south |
has advantages over all other sections. |
Contrary to the prevailing opinion at |
the north, the Price Current claims |
that the south has ample supplies |
of efficient labor, and says the |
of home mills has shown |
that there is no class of op-
eratives anywhere so ready to learn and |
so soon to become efficient as southern |
girls, and cites instances to prove its |
1t claims that southern OPP
eratives are not only as skillful as those
of the north, but as efficient, as rapid in |
their work, and have as much power of
endurance in the time for labor. "There
is no greater fallacy than that the south
ern climate is enervating." The south /
is free from the disabling interruption
Of northern winters, and operatives can
pursue their useful labors the year
round. In thinks, in view of the many
advantages enjoyed by the south, in
nearness to the fields reproduction, am
pie and efficient labor, mild winters, and
healthfulness of opertives,
he south may yet become the great cen
ier Of American cotton manufacturing.