Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-09-29
ENGLISH C0YT0N CANARDs.
Desperate Attempt % Rear American Cot
ton by False Statements.
New Orleans Ilmes-DemocraL.l

New orleans itlneS-peniocrhl.I
The subioined communication which
appears il, the Manchester Gadrd{di,
OF the llth instant, illustrates the
desperate efforts that are belng.made in
England to depress the price OF Ameri-
can cotton. We deem extended COM
ment unnecessary:
10 the Editor of the Manchester Guardian,
september II.
SIR-Last Tuesday two Liverpool
brokers who have taken Almost proml-
nent part in manipulating the future
market came to the Manchester, and
after short turn through the room
returned forthwith to Liverpool
and announced publicly on
the exchange that they had
lust got back from Manches-
ter, and that the market there was de-
cidedly better. This valuable inior-
nation was at once telegraphed to
New York. ] need hardly say there
was no foundation for such state
ment. Unfortunately, owing to the
manipulation of the cotton market,
| the position Of spinnefs and manuiac-
turers is daily growing from bad to
! worse. ;,
SO much is being said by the "bulls"
| about the serious damage done 10 the
! American crop that have taken very
considerable pains to try ana arrive as
accurately as possible at the correct
ness or incorrectness OF THESE state
ments. | find that the most trust
worthy and reliable authorities, IN
! a merica agree that any damage done
has been greatly exaggerated, ana that
nothing 80 far has happened to prevent
. / 4. l.,
cred. In some parts of Texas, the crop
has doubtless sustained some injury,
and there are also complaints from "a
few other places, but they
are of small importance. Against this,
however. ] find that in the Mis-
sissippi valley, where the crop was
last wear failure this yearit promises
Ia be unusually large, and tins VIII
more than counterhalance any damage
dome i'm Texas. IN other places also
\ where last year the yield was light,
this wear il promises 10 be neavy. me
oualIty of the new crop is excellent,
and has not the slightest appearance
of being drouth cotton, on the con,
trary, the good staple proves beyond
doubt its non-eXistence. Jhere ~ an
other proof also, in the crop being q
fortnight late. for if there had been q
drouti the cotton would have matureu
early. and the receipts would nave
been very much heavier before TINS.
Let Swimmers dismiss from their minus
all these drouth and damaged crop re-
ports, which are only circulated TO gel
M prices TO sell ON, for with the IN
creased acreage planted there Is every
probability, II the picking season I've
favorable. OF crop fully as large AZ
last seasons being gathered: o.o
This last crop has reached o,Syz,oVv
bales. and the average weight OF each
5af1DSfpfifeN being about Is pounds heavlel
than the preceding season, the croI
has turned out, ia comparison Win ~
equal In weight to about 29o,oo'
bales. This following small crop
has filed up every gap. wltna snpeIa
4 bundance Of cotton and goods. lier'
are now unfortunately not any hlor'
gaps anywhere to fill up, but VeIl
, large quantity of beth cotton ana goou
are left over. 1t stands 10 rsaspl
) therefore that a smaller crop woulu ~
more desirable, but as there - ever,
I probability OF large crops tins season
, from America, India and Egypt, IL =
very certain the cotton cannot DC con
! suned except at very low prices,