Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-01-24
GAzETTE FORT WORTH TEXAS, JANUARY

Chicago future produce and the New
York cotton markets are quiet and
calm az compared with the future
movements in oil i'm Oil City and other
petroleum centres. A daily business
OF %, 000,0 900 barrels of future oil is con-
sidered a light days work in town
of only $1,000 inhabitants, and quota
tions change in so rapid and startling
manner rs to wreck as many for
tunes rs a Chicago pork deal. While
the petroleum market can never COM
pare In size or Importance with wheat,
pork or cotton, 1t can manage to do
much livelier future business.
The Mark Lane Express of January
5, in its review of the grain trade dur
ing the past week says; EARLY sown
wheats continue to look fairly well,
though I'm some cases the color has
been affected by the long continued
wet weather; late-sown whcats are
very unpromising and unsatisfactory.
Sound native wheats fetch extreme
rates: the damp sort is neglected. The
country -four arriving is in very un-
satisfactory condition and cheaper,
while choice sorts are firm. Foreign
breadstuiis were very quiet; the sales
were restricted. The stocks of wheat
of foreign flour is becoming an incu-
bus on the milling trade. Maize con-
tinues TO decline Barley has been
very quiet; cargoes off coast have been
rather steadier, but only in slight re-
quest. There were five fresh arrivals
and six sales; five were withdrawn
and five remain, all American; about
q dozen cargoes are due this week.
The forward trade has been firm, with
a fair business in California and Ore
gon. The sales of English wheat du-
ring the past week We're 2S,46s qrs, at
40s I'd per or, against 1920 qrs, at AIS
! Cd during the corresponding period
| last year.
| The commissioner of internal reve-
nue. has made careful estimates rs to
the amount of money that would be
required to refund the taxes on cigars,
cigarettes, tobacco, distilled spirits and
matches, collected on stock consumed,
should such taxes be repealed. The
statistics he furnishes are In brief as
follows: There are 394 500 dealers in
manufactured tobacco. LBS rectitiers
of distilled spirits, 4 ,24l wholesale deal
ers in distilled spirits, and 1857 re.
tail liquor dealers in the United. States
There are probably 25,000,00o gallons
OF taX-paid distilled spirits i'll the
hands of the trade, the tax upon which
is So, 100000. The tax on manufac
tured tobacco In the hands of dealer:
would amount to IS, 2S5 900; on cigar!
and cigarettes, S4204 900, and or
matches, 81 900, 1853, making total o
taxes to be refunded S36, 6Sl 900 Thes,
figures ought to receive the attention
of those who have been indulging in
loose talk concerning the repeal o
these taxes.
If the whisky statisticans of Ken
lucky, Illinois and Ohio had devoted
half the time to securing a reduction
of the excessive tax on spirits which
they have given to the bill to eXten'
the time for keeping their products il
bond they would no doubt have sue
ceeded in the effort. The consumer
pay the tax, and the distillers, there
fore, are not interested in its redue
ton. In fact, TREY prefer to have tn
tax maintained us it enables them I
charge more for their whisky. Blu
under the bill to extend the time 70
paying the tax they can keep thei
2 whisky in bond in the care of tn
government until it ripens sutlicien
: to enable them to charge large price
to consumers, - Phitddetphia Recorc