Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-31
ON CHANGE.
Spot Cotton Unchanged. Futures From
to 3 Points Lower.
Wheat Opened Unsettled, Fluetuated Widely
and Closed at an Advance-COffee and
Wool We're Unchanged.
Daily Review.

OFFICE OF THE GAZETTE
FORT WORTH. Tex, Jan. 30. 1889. {
The condition of the weather in North
Texas during the earlier part of the last
seven days has been such that reliable
Judgment Of the state of trade here could
not be formed, for. though when a fair
day would come along the purchases
would be heavy, when the rain fell de-
preston of business set in and wiped out
previous gains in strength on the market.
Still, dealers say they have done better
than they expected, and are confident
when the weather settles they will have
their hands full.
The only movement of Importance dur
ing the week has been drop in the value
Of country produce, eggs having gone
down TO &c, butter to l7@l8e, while
chickens are worth 81 1902 90. The
imports from outside points have been
heavy, though the bad roads have pre-
vented large supply from the adjacent
country.
Cotton receipts have not been heavy,
and the price has not been changed be-
yond the range given in these quotations.
I
obtained control of the whole iute bag
ging industry of this country. The COM
pany has purchased the patent process
for making pine straw bagging They
win establish factories wherever they
have oil mills, and thus they expect to
be able with their bagging to break down
the jute mills
The bank statement, in view of the
In . M Of LOT
merits even more attention than it usual
ly receives, and certainly reflects a con-
dition of affairs quite homogeneous when
compared with the daily reports of the
stock market. Speculation is compare
lively dead, bat the investment demand
is active. There is a general complaint
Of small margin of profit in business,
and yet loans have been further increased
above the highest point ever known
With all this, money has poured into the
New York city banks in
resistless stream at a rate of which the
records furnish no precedent. Only
month ago the line of deposits first ex-
ceeded $500 900 ,000 and since then they
have increased at the rate of 81 900 900
day until the total Of loans and deposits
both stand al a higher average than ever
before And with all this the reserve is,
OF course at the maximum, ana the sur
plus, more than $40 900 900, only trif1e
less than for the same week last year,
when the net deposits were nearly so per
cent less.-[WalI Street News, Janu-
airy IS.
The cotton market was dropping during
the early part of the past week, and then
recovered somewhat, but was dull
throughout. The receipts of cotton at
all the ports were III ,82I bales (previous
week 149 ,l78 bales) comparing with
80, 100 same time last year, an increase
of 81 ,19l bales. Since September l, the
receipts were ,3l9 ,0l3 bales, as against
4 ,486 1872 same time last year, de-
crease OF 1G7 ,119 bales. The exports
for the week were 126 ,991 bales, as
against 105, $40 bales same time last year,
an increase of 81, 442 bales. The total
exports foot up 1888 Al, as against
1872 lO4 bales same time year ago, a
decrease of Is, G33 bales. The stocks on
hand are 922 ,737 bales, as against $40,
246 a year ago, n decrease of 2G, $50 |
bales. The amount of cotton in sight is
. ,79l ,69l bales, as against 3 OH ,9Gl |
bales same time year ago, a decrease of |
226 ,270 bales.