Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-05
ON CHANGE.
Spot Cotton Was Up One Point, Futures
One TO Twelve Points Higher.
Wheat Unsettled Throughout the Day, Closed
dFraetIonaI Decline-Goffee and
Wool Unchanged.
Daily Review.
UFFiCE OF TIE UAZETTE.
FORT WORTH. TEX. Jan. 4. fSSs

OFFICE OF THE GAZETTE.
FORT WORTH. Tex. Jan. 4. 1883.
There has been no feature of interest II
this market to-day. Trading has beer
of a fair volume considering the season
and dealers appear to be satisfied with the
condition of things
Produce is weak, but no furthei
change has taken place since yesterday
The iron trade was very slow during
the past week, naturally, being the last
in the year. Business was of course
broken into by the holiday and was very
dun, although there are hopeful antici-
pations of the year 1889. The immediate
cause of the holding off on the part of
buyers is mainly in regard to prices
They argue that sellers are DESTROYS of
DONG business, and they feel
seFtain that the supply of
ron Will be large, and so they
ire disposed to hold off for concessions in
prices. There is however, net unlikely
to be a closer approximation of the views
# buyers and sellers as the requirements
If the former force them into the market.
There was nothing new or important in
the steel rails market. There was little
or no demand and prices remain steady
There are some orders on the market,
but nothing indicative of heavy buying in
the immediate future.-[ Wall Street
News, January 2.
The New York city banks have now on
deposit over $500 600 900, which is very
nearly the largest amount which they
have ever held on deposit, and more than
$40 900 200, in excess of the amount
which they held year ago. They have
also extended their loans nearly S33 =
600 600 so that the volume is nearly 10
per cent. greater than it was year ago.
1t is probable that New York has had
more rapid growth as a financial center
during the past year than any other of
the great marts Of money, trade and
commerce in the world.
There are inquiries in the steel rail
market from southern railroad compa-
MES aggregating about 80 600 tons. Ac-
tual sales have been confined to few
small lots. The quotation at eastern
mills is now SOS, but it is alleged that this
price is being cut, denials to the contrary
Notwithstanding. It is estimated that
the sales of steel rails in this country
during the year 1888 will amount to l )
500 900 tons, a quantity sufficiently large
to lay 10 900 miles of track with sixty
pound rails.
FRUIT AND VEGETABLE TRADE IN CHICAGO.
A recent circular of Barnett Bros. of
Chicago has the following:
The close of the year is a fitting time
for a brief glance at the year 5 work
from the Chicago merchants standpoint.
The producer may balance his books and
the dealer must do so TO carry on his
work intelligently. The last five months
have been exceedingly unsatisfactory
from the fruit dealers view of
the situation. Steadily declining
markets, enormous supplies with
limited demand the buyer found it i'm
possible to realize a profit out of his pur-
chases, and the commission merchant
could not pay the expenses of his help,
rents, etc, out of the commissions, and
had to use his capital and the earnings of
the first half of the year to supply the de-
ficiency. With four months of expenses
exceeding all possible hops of income
staring them in the face, the outlook is
anything but encouraging to the fruit
dealer s interests.
Already some firms have practically
suspended business, some giving up their
store and taking an office, others dis
charging their trained help, and doing
what little they can till spring, while one
or two have made fat failures. The
stronger firms (aEd there are plenty of
them to transact all the business of the
street, are not affected by the remarks
above; they attend to their interests as
usual; their profits have been light the
year through; and but few can show as
much capital on the 1st of January 1899,
as on the lst of January, 1888, but they
have abundant means of carrying on
their trade.