Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-17

day on this market worthy OF note. Inc
receipts of cotton and other country
stuffs have been light, as has been the
case during the past seven days, the
intermittent rains having made the ROADS
impossible. The decline noted in pro-
duee at the latter part of last week has
not shown prospect for improvement
though on the other hand prices are not
expected to go lower soon.
mammoth cotton palace is to be
erected in New Orleans, IN when the
products of Louisiana and other states
will be exhibited during the carnlFal
week.
The New York stock exchange dealt III
81 $40 ,772 shares during 1855. me
total commissions for buying ana selllns
this amount of shares was SIS, iii ,443, so
that each of the 100 members of the eX-
change received an average income OF
| Sl4 .273. This explains why seats In the
board sell for S25 200 each.
Prime testifes that winter wheat is IN a
critical condition, and that exceptionally
| favorable conditions from now on will be
necessary to insure good crop. The
| last of December Werst reported that
| winter wheat had not looked better IN
| three years, but that the weather was
| unfavoTable
Taking the thirty-fve cities which have
| clearing houses only Baltimore, Clncln-
natl, New Haven, st. Paul, Wichita,
! St. Joseph and Galveston, besides New
York, report lower aggregates for 1885
than for 1887. The Financial Chronicle
/ of New York says: Boston stands next
to this city III the amount OF its exchanges
and has, like this city, sustained great
diminution of business on its stock eX-
change, vet the total of its clearings IS
| slightly greater than in 1887, when there
had been an important increase over
1886. So, too, Philadelphia, which IS
third in size, has slightly larger totals
AT Chicago, the fourth place, the gain Is
quite considerable, though doubtless the
wheat speculation has had something TO
do with that.
The price of silver during 1888 averaged
93l5 cents per ounce, as against Sl,Ol1a
in 1887. The decline in the price of sll-
yer caused direct loss to Colorado mines
of 81 1856 ,738, or was that sum less than
they would have received for the same
ounces of silver during the previous
wear. This decline in price did much TO
curtail the production, and in some cases
closed down mines entirely.
PRODUCTION OF COTTON.
Governor Vance of North Carolina ,
while discussing the tariff bill in the SEN
ate few days ago, made the following
statement of the production and con-
sumption of cotton in the entire world:
MIR. Vance-Mr. President, if there is
any one branch of human industry in
which America ought not only to be able to
compete with the world but to take the
lead of the world, it would seem to me to
he this of cotton 1t is the most lmpor-
tant of all industries that pertain to this
country. unless it be iron and its manu-
features. 1t is growing IN Importance
and the consumption of the manufactures
of cotton is increasing in quantity every
day.
have collated a few statistics with
reference to the production and the
growth of cotton, which / wish to impari
to the senate. For the last fiscal yeal
the consumption of the entire world was
10 ,9ll 900 bales of cotton, bale being
estimated at 40 pounds. OF this sun
the Southern states of the United States
of America furnished z ,0H ,7O7 bales
Very nearly seven-tenths of all the cot
ton that is produced or consumed IN the
world was produced in the Southern
fabrics in the United States in the sam
wear. 2 ,230 ,494 bales. The remainde
was exported and sold to foreign coun
tries.
TO show the Importance and the rapi'
| growth of the cotton production in tn
country, | find, by examination, tina
( there were produced in the year 1898
, fifty years ago, 1904 ,797 bales, agains
t T or .707 bales las have stated produce
r the last year So the production of cotto
D itself in fifty years has increased $50 pc
r cent in the United States, and rapid a
4 our population has grown the increase L
production has more than kept pace wit
0 it; it has, in tact, largely exceeded 1t.
e In all the civilized world the consump
0 ton of cotton has increased III the sam
t proportion In Great Britain IN l066-6
n there were consumed 1850 900 bales
a whereas in 1887 there were consumed l
t Great Britain ST. 900 bales; an increas
v of over so per cent in the consumption {
o that one country alone in twenty years
IS On the continent of Europe the in
+ crease was still greater. In 1866-67 o
It the continent the consumption We
d l .703 900 bales, when in 1875
e it was $40 900 bales; an II
!? crease of largely over 100 per cent. l
r 1S66-67 the mills of the Southern state
e of this Union consumed only rs 900 BALI
e of cotton. In 1887 they consumed 500,
g 600 bales of cotton. The mills of ii
It northern portion of the Union in 1860
o consumed 746 200 bales, and last yes
1t they consumed = ,O3O, 600 bales, shown
/. an increase in the consumption of IL
l. Northern mills of nearly 800 per cent
and on increase III the consumption of Il
= Southern mills of over 600 per cent.
Is A statement which have here OF II
v extent and distribution of the cote
d mills of the Southern states viii be fouI
n very interesting
X COTTON MILLS IN THE SOUTHERN STATES.
,S Consumption.
N NuInOSl VI :, -, ~