Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-02-01
Tho Isssiness Outlook From New or,e,u.
Standpoint.

Tho Itssiness Outlook From n New Or,.n.
Standpoint.
Prepared expressly for the Gazette
New Orleans, January 29.-The gen
eral local trade movement continues
very disappointing, but as the season
advances more hopeful and cheer
ful feeling Is springing up based. how
ever, on the results a spring trade may
bring forth. Values as rule do not vary
greatly, holders retaining sufficient
control over their Accommodations 10
prevent pressure, but prices
are evidently sustained with
effort. Cotton is moving
oil freely Mt some improvements in
spots rs well as futures. This is at
tributed to the brisker demand at Liy
erpool, last weeks sales of spots in
that market amounting to 81 900 bales,
against 50, 900 the week before, and 4s.
800 the same time last year. 1t is be-
lieved the improvement would be
greater if it were not for the continu-
ance of the large receipts at all ports.
which though 1851 bales less
then the week before, are 81, 972 more
than at the same time last year.
Opinions as to the cotton outlook are
as wide apart as ever. One side MAIN
tanning that the excess of receipts over
last year up to date hardly justifies the
large crop ideas. while the others as
sert that it does. A depressing factor
also in the situation has been the large
crop estimates that have been current,
but reaction is begun to set in
strongly in these views, as the best
posted men in New York and New Or
leans have tendency to eurtail pre-
vious estimates; in fact six and half
to six and three-fourth millions are
bearing popular figures. Taking the
position altogether the result
of the cotton movement thus far
this season, though quite un-
satisfactory in spots, has been
still more so in futures,
of which the sales in the New Orleans
market aggregate only 500, 100 bales
this season against 8, 402, 300 same time
last year, while at New York they
amount to only IL ,29S, 200, against l5,-
S74 400 thus far last season. But if the
present rate of consumption keeps up
at home and abroad, receipts fall off
as predicted the Egyptian crop turns
out as small as estimated, and the re-
ports of damage to the India crop by
the recent wet spell proves true, an
early and favorable turn may be eX.
pected i'm the great staple, and posi-
bly, sharp reaction may set in that
may wake up the cotton trade of the
world. A contamination devoutly
to be wished for by producers as
well as the trade generally.
! Sugar shows but moderate consump
ton and little variation. Molasses
however, is dull and dragging at lower
prices. Breadstutis and provisions are
| firmer in sympathy with the West
but with trade confined to u local bus
! mess.
AS to the country at large though
| the improvements of trade has not
been remarkable, it has been sufficient
| in some lines to encourage hopes o
better things in the future. The prin
cipal drawback to business generally
throughout the ,untry is the uncer
tainty in regard to the tariff question
and but for this disturbing intluenc,
the conditions point to u favorable re
newal of prosperity. Money is be
coming abundant at the leading trad
centers of the country. Ex
cessive importation and Owe
production received check. Elk
ports are increasing and the trade bal
ance is rapidly turning on our favor
The disastrous floods in Europe must
undoubtedly increase the demand TO
our breadstufls ard provisions. SO alto
gether the country is not going TO tn
bad just yet awhile.