Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-08-27
ON CHANGE.
Spot Cotton Firm and Unchanged, but
Futures are Several Points Lower.
Wool Dull and Unehanged-Wheat Active and
Higher-Corn Active, but Closes att
Decline-General Markets.
Daily Review.
OFFICE OF THE GAZETTE.

OFFICE OF THE GAZETTE, }
- FORT WORTH. Tex, Aug. rs. 1883.
/ sThesWeather to-day has been as fine as
scetfd be wished for-just such as will IA
cilitate the opening of cotton. Business
in different branches continues good,
with evidence of material Improvement.
Wheat has been coming in quite lively
and is ste Ady at former quotations.
Only a few bales of cotton have been
received, but enough to establish q
market, best grades being rated at 10
cents
Feed stuffs are quiet with downward
tendency.
For the general run of commodities
there have been no change in prices, tha
quotations at the close of to-day being as
are given below. .-
BUsINEss'IN THE SOUTH.
The Manufacturers Record of this
week, in its review of the business inter
ests of the country, says:
All our reports from the South are uniformly
favorable. Corn prospects indicate the heaviest
yield of corn and cotton ever made in this sec
ton; railroad building is more active than in any
other part of the country; manufacturers are
running full time with orders well ahead as
general thing, and the heavy profits that are
being made in all industrial lines are being re-
invested n new enterprises. The outlook in
the South can scarcely be described as less than
brilliant.
The past week has not presented any new or
strange features in iron or steel. There has
been an even, steady demand for all products in
all markets. Everywhere trade and manufac-
turing prospects are spoken of in the strongest
terms. Manufacturers realize pretty nearly their
asking prices on early deliveries. Competition
is felt less than for months. Pig iron makers
are selling their full output for remunerative
prices. Throughout the iron trade there are
symptoms Of upward tendency. There is
trouble in the coke regions and no one can tell
the outcome In Eastern Pennsylvania the coal
managers have tried twice to make adj
vance, but market conditions are against
them just at present. Here and there
wages are advanced. The immense production
of the past six months in crude iron gave the
country only slight increase in stocks. The
heavy demand Of the past month has started
production on the Increase, and besides, has
hardened prices little. Southern furnace in
teresJS show up well. Enormous deliveries con-
tinue to be made at many Western points. Pri-
rule are maintained at outside figures,
and a further advance is within reach, it is be-
heyed. AS to this it is hard to say. The cOun-
try possibly may call for much heavier supply
of iron during the coming twelve months than is
at present thought probable. Railroad building
requirements are likely 70 spring up at any time
The government will continue to be
large buyer of material, or rather
the contractors of its ships. The
repairs On. railway tracks are calling for enor-
nous, stocks of track supplies, and most mills
are croWdedwith- orders. Makers, of machinery
are also very busy. Car builders have been
company has just ordered an additional 1000
and other trunk lines Will soon be in the
market. The Huntingdon interests are now
placing extensive machinery contracts in Phila-
delphia to equip their large shipyard near New
port News. The lake ship and boat yards are
also quite well supplied with business for the
next four months. New pipe lines are also pro-
jected that will keep skelp and wrought iron
pipe mills crowded for some time to come,
All our adyices from iron-making centers are
favorable. There is no dulIness; prices are firm;
orders are pressing. No multiplication of words
will make the situation better understood.
Prices all the West continue firm. Chi
cago's business is increasing, especially in
heavy hardware and farming supplies. At st.
Louis there is a general activity in all lines of
mill and furnace products A healthy Condi-
ton of things exists all through the Ohio valley,
and manufacturers feel that it is safe to expand
capacity. Tools and implements are distributed
without the least friction to prices or pay
ments. Enterprise is feeling its way conserva-
lively.
Pig iron production has once more begun to
climb and viii probably continue in an upward
direction to the close of the year. The bar iron
makers are now filed up with business and there
is no reason for experimenting any diminution
in activity. The demand for steel billets and
slabs is unusual. Bessemer pig has also moved
up peg.
Nails sell well everywhere. both cut and wire
meet with an excellent demand
Ship builders speak of an excellent outlook.
Authorities IN the iron trade believe there will
be q general expansion of demand next year, es-
pecially if the country should return to active
railroad building.