Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-02-10
ON CHANGE
Spot Cotton Unchanged. Futures We're
From 2 to 3 Points Higher.
Wheat Opened Weak, FIuetuated Narrowly
and Closed at Deeline-coffee and
Wool Were Unchanged.
Daily Review.
OFFICE OF THE GAZETTE,
FoRr NORTH Tex Feb @ 1889


FORT WORTH. TEX. Feb. 9. 1883.
To-day has ended a week of the great
est activity that has prevailed on this
market for several months past. The
weather has been clear and warm, and
the streets have borne an appearance of
life and hustle that has been heightened
by the active building operations UNDER
way along the principal business streets.
There has been no change in quotations
to-day.
Orders have been heavy with jobbers,
who are hard pushed to meet their GUS
tom.
American window glass manufacturers
are struggling against excessive produc-
ton and are much perplexed on account
of foreign competition. The president of
the Manufacturers association, Frank
Il. Bodine of Philadelph states that
from 1880 to 1888 there was an increase of
from 700 to over 1900 pots in actual
operation, The product of the blast of
last year is 200 ZOO boxes greater
than that of the previous year.
OF course the consumption in
creased also, but not to keep
pace with the production. The consump-
ton of both the American and the i'm
ported article was very large last year,
but the prices were ruinouS on account of
the great output and the immense i'm
portations. The increase of impQrtations
last year over the previous year was
l20 600 boxes, and the total expectations
amounted to more than $50 900 boxes,
which is 81 per cent. of the entire con-
4 /,
American manufacturers is 800 900
boxes, as against $50 ZOO boxes for the
previous year.
Some apprehension is felt in Europe
over the borrowing that has been done by
the Argentine Republic during the past
year. The London Financial News prints
a list of loans placed by Argentine com
panies during the year in Europe, which
shows the enormous total of over $780,
600 900 for population less than 8 800,
900, or a sum more than three times
greater than the estimated revenue for
this year. 1t exceeds also the entire in-
ternal, foreign and floating debt of that
country year ago. The fear Of debt en-
tertained i'll the United States is not en-
tertained to any extent abroad, If the
money is judieiously spent, as in Canada
and Australia, it ought to yield more than
interest, and refunding is easy in modern
times.
Managers of savings banks in New
York state are agreed that it is every
year becoming more difficult to invest
savings in legaliZed securities on such
terms as will allow a fairly Tenunerative
return to deposItors. The chief invest
ments allowed by law at present, aside
from real estate mortgages, are United
States bonds bonds of the state of New
York and of towns, cities and counties
in the state, and bonds of such
other States as have not defaulted in
their interest during the last ten
years. When it is borne III mind that the
savings banks of this state had over
$500 600 900 of savings to invest in 1887,
and that the increase in 1888 will prob
ably amount to $50 200 900, some idea
may be had of the difficulty of investing
80 large an amount oil money at remu-
nerative rates in the securities allowed by
law. 1t is to be remembered also that
many of the bonds allowed by law are
selling AT such prices now that they will
not pay over % and some of them not
over 20 per cent. per annum, while
some of the savings banks have been al
lowing depositors to per cent New
York city stocks and Massachusetts state
stocks have recently sold in New York
city on basis of 2115 per cent. per
annum The plentifulness of money in
Dictated by these facts cause investors to
look in increasing numbers toward real
estate mortgages so that savings banks
find many competitors in that field also.
+ American Banker.
AMOUNT OF COTTON IN SIGHT FEBRUARY /.
In the table below, says the New York
Chronicle of Saturday last, we give the
receipts from plantations in another
form, and add TO them the net overland
movement to January /, and also the
takings by Southern spinners to the same
date, so as TO give substantially the
amount of cotton now in sight:
Receipts at the ports to February l.
1899, 4,474 1867 bales; 1883, 1858, 1927
bales; 1887, ,4S6 1872.
Interior stocks on February l in excess
of September 1-lSS9, SIS, S64 bales;
1888, 800, 1926 bales; 1887, 2S8, 552 bales.
Total receipts from plantations-ISS9
4 $50 1871 bales; 1888, 4,939 1858 bales;
1897, 4 ia ,934.
Net overland to January 1-ISS9, 563,
s33 bales; 1888, 7l0,7l2 bales; 1887 3d.
~ bales.
Southern consumption to January l.
1899, 225 200 bales; 1888, 2O5 600 bales;
1887, $50 900.
Total in sight February I-l889, $685.
O64 bales; 1888, 1856 ,065 bales; 1887,
3, 43s ,676 bales.
Northern spinners' takings to February
1-lSS9, ,2l8 ,427 bales; 1888, l 1885,
467 bales; 1887, ,095, l49 bales
The decrease in amount in sight to-
night rs compared with last year, is
246 ,O0l bales, the increase as compared
with 1861 is III, 4SS bales, and the in
crease over 1856 is 264 l45 bales.
THE FORT WORTH MARKET.
BUTTER-Texas, l5c per ID: northern,
lSG25c.