Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-01-27

| view 10 pfoinote tpc interests OF GER
tain individuals or allied cliqucs.
There are, however, journals devoted
to the enlightenment OF the people on
matters pertaining TO the cotton bus
mess. which are esteemed of unim.
peachable Integrity in the commercial
world. IL Is noticeable that the utter
ances of such journals are uniformly
doubtful, but hopeful. The st. Louis
Republican,, newspaper of general
intelligence, a few days ago printed
the following rose-colored views of one
of the most prominent factors in thai
city:
Within the past two or three weeks
there have appeared in these columns
opinions of leading dealers as TO the
presVt and future state of the market.
Some have expressed themselves as
believers that the staple would de-
cline and the last dealer who wrestled
with the question was rather inclined
TO be bullish. Yesterday one of the
most prominent factors of the city.
and one who has long been identified
with the trade here and elsewhere,
gave his views. He is one who
thinks there Is as certain to be a
boom in cotton as that the sun will
shine next spring. Being asked to
give his reasons, he said that of all
the American products cotton was
the only one that was under the cost
of production. Referring to his we'll
kept statistics on the trade, he figured
awhile and then produced the follow
| ing To show what the price of mid
ding was on the 18th day of January
in New York In 1875, l3lc; in 1876,
! 13l; in 1877, III; in 1878, panic year,
94c; in 1879, III; in 1850, III, and in
| 1881, l2c. The average for seven years
| past for mlddling cotton was las shown
above, ll.07c, or nearly 12c. The
price i'm New York yesterday was
! 10 2-16--under the average for the past
seven years. In two of those years we
have had domestic financial troubles.
If corn was selling at the same ratio of
value as the above, ii would be to-day
So cents for No. 2; No. wheat would
be worth ONLY 93 cents; No. > oats, sc
cents and hogs would be selling in
dry salt clear ribs 81 10 81 cents.
Speaking further on the subject the
factor said: "rhis crop has been
overestimated by Europeans from re-
ports from parties of the south, one OF
whom predicted ten pence two years
ago in Liverpool-someb lathersSites
now predict s cents III st. Louis
when we had a crop equal to if not
exceeding this. In 1879, on the 1lth
day af January, June cotton in
New York was 10 SOC; on tn,
23d of May it was l4.0l, or an advance
of over Al cents per pound. All tina
cotton needs now is free sellers. There
is already good line out, and If n de
preston to 8 cents could be reached
the reaction would be long remem
/. bered, and the advance would be EN-
tirely gagged by the purses of TIL
bears and their friends to help them
An old Mississippi planter, and a larg
one, says it would be better for tn
Southerners to plant corn ant
hold their present crop of cot
ton than 10 plant a new crol
at prices ruling. 1t is ais
thority the biggest bears in the coun
: try are buying all the spots they can
In this city moneyed men are inves;
ing in cotton pretty freely, and if ther
: isn't u boom on the road somewher
) then many men are at fault in thei
Judgment and will drop pile c
; money when settling day rolls aroun6
1t was ascertained yesterday that som
+ of the most prominent factors her
e We're advising their customers to hol
) on to their cotton as long as possible.
Y the boom comes, as is predicted, the.
|. can sell, if not they can wait, and b
j. putting corn into the ground whei
# this years cotton was raised, the farm
: ers can get profit for their labor
e There is apt to be some music aroun
< the boards during the next two {
- three months Leading factors in tn
q Southern cities are becoming NOR
Q bullish each week, and the time mus
n soon come when il will be know
d whose Judgment was the best--th
q bulls or the bears.