Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-06
ON CHANGE.
Spot Cotton Unchanged. Futures Two
Points Lower-Money Market Easy.
Wheat Opened Weak, FIuetuated Narrowly and
Closed at Decline-Coffee and Wool
Markets Unchanged
Daily Review.
OFFICE OF THE GAZETTE,
Fort WORTH, Tex. Jan. ). 1883


Retailers on this market have had a
good trade to-day. Especially is this true
of dealers in articles of consumption
though the activity has pervaded other
lines as well. Under a continuance of
the fine weather traders expect that next
week business will have resumed its old
condition.
The receipts of cotton to-day have been
heavy reaching over 100 bales and prices
though not ranging outside the limits
combining them during the earlier days of
the week, are sitter, and buyers say
they have a rising tendency in sympathy
with eastern markets.
The market Is well supplied with all
articles of country produce, land quota
tons are weak, though there has been
no decline to note except in eggs, which
to-day have only been worth 10 cents.
Between $50 900 200 and $40 900, 900
Will be disbursed in this country for in
terest, dividends, etc. this month.
The Boston Commercial Bulletin 8 an
nual report of the wool market will show
that the present supply of wool is 81 =
pounds for the corresponding bate
last year, or shortage of 48,
600 900 pounds as compared with 1887.
A tobacco association has been formed in
Louisville under the name of the 'Tobac-
co Board Consolidation. 1t includes
both buyers and sellers and will COM
pletely control the market, as it has in its
membership every warehouse and nearly
hIl of YNIo ~
government has not been decided upon
The past year has been a profitable one
for the Fall River manufacturers and
closes with the market entirely clear of
spot goods, and the production sold well
ahead till April The dividends aggre-
gate the greatest ever paid in the history
of the city. The total capital oil which
dividends were paid was SIT 1858 900, on
which thirty-three corporations paid
81 40 600, or an average of over 8 So
per cent. against 81 ,427 800, or .03 per
cent. last year, and 81 ,047 $50, or an
average of about 6 so per cent in 1886.
The Northwestern Miller saws: ''The
establishment of the GENITAL or hundred
weight as the standard measure for grain
as recommended by the national board at
both this and last years meetings is most
differ so widely the world over that this
very fact confuses and falsifles the popu-
lar estimates. Even in this country we
have two standards-the sixty-pound
bushel this side of the Rockies and the
GENITAL the other. Go
ing across the water we find the quar-
ter in England, the hectoliter in France
aud adjacent territory, the meter center
in Germany and AuStro- Hungary, the
chetwert and pud in Russia, and good
ness knows what other measures in grain
countries further removed. :. All this is
very confusing and a detriment, both di-
rectly and indirectly to this trade If we
cannot hope to reform Europe in this re-
gard, we can at least reform ourselves
Perhaps by such measure we should be
able to get rid of the distinction between
weighed and measured crops, which is
now always so troublesome. -
In their circular dated London, De-
cember IS, Neill Brothers write as fol-
lows: According to the weather indica-
tons given above the crop and future
receipts ought to greatly exceed those of
1923, for while the weather has not
been very dissimilar, the area off which |
the crop is being gathered is larger by
nearly 1000 900 acres, which ought to
produce 200 900 bales. A remarkable |
confirmation of the large yield indicated |
Oy the weather tables is furnished by
The actual scale of receipts as compared |
with those of other wet seasons. To this |
lats III 1928 there had come to light |
; ,453 ZOO bales, or 1872 per cent. of the |
,rop. To the same date in 1891 the |
quantity delivered was 8 ,502 900 bales, |
II 80 p per cent. of the total, and to the I
ame date in 1S79-S0 it was 8 ,l25 900 |
)ales, or "a per cent. of the crop. The |
average of these three percentages |
would be 50 per cent. Now,
hould the cotton which has already |
,ome in sights, 1856 600 bales
epresent the same proportion, or
p per cent. of the total, the crop would |
mount to Z ,665 900 bales. We make
hese comments, however, and mention
heSe logical results, based on the past
weather. and the actual receipts, not to |
mpugn the estimate of our New Orleans
but to support it by showing that
o far from being what Mr.. Ellison calls
sensational estimate, it is in reality a
cry moderate and conservative one
with what they might logically
ave nut forth -