Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-01-12
BUSINESS SITUATION.
1Fsrd Because Of Stock Gamb-
etc. TIE Views Of Bust
ness Men.


ness Men.
Nov York World,
e l9th Of December the World |
letters to the presidents Of the
rs OF commerce IN a NUMBER OF |
.cinal American cities, asking |
+ brief responses devoted 10 the |
lg snbiects:
uses Of the present depression
ness.
, extent and character.
Nmedy for the evil.
'ltlook Tor the future.
suhstance Of the replies that
|een received up to the present
civen below:
4 the president OF the Chicago
,e exchange: In reply 10 your
I ofthe 18th inst, | will say
richly that the "cause of the
t dapfessions in business" in
3inion, had It's inception in
can manipulation III our grain
+, givipg our products a high
,titious value-sO nigh, IN fact,
.ufope was compelled to procure
es Elsewhere, leaving our crops
,re-housps and cribs; shrin6aSe
aes cor iinued until the unprecs-
Nv iargs CROP Of 1884 was added
eady oyerno ling st0re-houAes,
an necessary sequence,
stlD went down. Farmers
Northwest, a. % rule, arc we'll.
and store their grain rather
iell at the low prices, AS a cou-
ace money is short with the
+, Consequently with the country
lnnt, AFRO he, in turn, il pernaps
lie to pay his pills promptly, but
ularly restricts his purchases 20
he absolutely needs. Added 70
,erhapB, Is the doubt and unuer-
OF Tho future political condition
country. :, radical q change in
lminiAuailon Of the government
ces q nervous apprehension in all
hes oil trauo where money hiss 10
rested. AS 60 q "rsuedy,n / am
rs for 9 suggestion. II may be
an outer oxen determination on
art OF the president-elect and the
cratic leu1crs in congress thai
anu the tariff laws Of the
~ VIII not he disturbed would
= Measuring effect. The tout
for the future is anything but
able. I can see nu reason fOr inn
ment in the near future.
m the president Of the Mer.
- Exchange OF IS. Louis: The
/ through which the commercial
interests Of this country
passed during the past eighl
hs has been 8 most trying one,
Idallon has been the general order
! day, and / think those who have
stood the severe test thus lar De
STANDARDIZATION ahC eau console
selves that the worst is over. In
Vest we have all the elements OF
,erlty except confidence, and that
returning,
e rapii accumulation OF money in
clal ceniers Is Improbable, and /,
ming buIdensOme Its owners
low seeking borrowers, and tht
t viii be it's general dissemination
ighout the country, which vii
q new impetus TO all branches o
lese. The South is getting GooC
IS for her cotton, and Is buyinl
flour and bacon lower than eve
e. The West has q large surplu
neat and corn, and while price
very low every thing which thes
ucts buy has also declined, so tina
purchasing power Of 8 bushel {
has seldom been greater than !
day.
le Wholesale liquidation which hg
going on mas forced us to a
1t 70 market our supplies too raj
and the consuming coUntri,
! ttken advantage of the situation
the fret manifestation on our pa
scome indifferent sellers has mad
a eager buyers, as evidenced du
the past two days, in which whe'
advanced three to four cents |
.ly every market. The manufa
NJ interests Of the country seem
a the throes of a revolution, IN
e suffered immensely In this gel
readjustmen5 of values. Tn
ering has been Il necessity O
INIT of the magnitude Of u
nanent investments in that lin
chants and consumers have gel
~ pursued s "hand-to-mouth
ey, and only bought for immedla
nth the balance of trade in Of
u and the purse.strings OF u
ley lenders loosened, confiden
lie Ie-estabiished and all the avi
idly remedied, and j might ST
Q that the Improvement OF d
sissippi river, in procuring whi'
rely on the valuable cid
World and the cultivation 81
efing of close trade relations wi
siral and South America YOU
e us other and better markets I
surplus production Of our factOri
well as the products CT the soil
cpinion, therefore, the prese
Idition of trade Is not discourage
the future by no means devoid
20 or encouragement.
ID. r.. FRAN us
from the president of the Mime,
J board OF trade; AS to the exte
The Business repression, would {
4 II extends all through the Nor
4. ] do not consider II Of an Slar
|. Character. Collections by busiu
aaea here are very fair. AS 10
needy, in my opinion, should We
'ored with good crops for anotl
II, with fair mark Is and pric
J Country tributary 20 Minneapo
uld be in q good and healthy G.
ion. ] think the outlook for /
nre Ia fair.
rom the president Of the Detr