Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-02-07
ON CHANGE.
Spot Cotton Fractions and Futures from
One to Ten Points Higher.
Wheat Opened Weak, Fluctuated Narrowly and
Closed at a DecIine-CoGee and Wool
Markets Unchanged
Daily Renew.
OFFICE OF THE GAZETTE,
- VI 1890 IT, I'll. z 10

|
The weather that has prevailed in this
part of the country during the past seven
days has been ali that could be wished
/ for by the most exacting, and sufficient
time has elapsed since the last rain fell
for the roads leading INTO the city to be
( brought back to their normal condition
by the action of the sun and breeZes; sc
! the conditions of trade have been in
/ every way favorable 1t is not surpris-
ing then the activity almost unprece-
denied has sliced the market, and
dealers in all lines are given
such patronage as crowds the capacity of
their establishments. There has been a
steady improvement during the time the
weather has been in the least favorable +,
showing that strength underlies trade
and has been awaiting an available OPP
portunity to assert itself.
The presence of farmers on the streets
denotes in itself that the produce dealers
are well supplied with goods in their
line. So great has been the influx that
prices have been knocked off pretty well
Quotations below viii be found changed
accordingly.
The approach OF spring is provided
against to some extent by vegetable
dealers by putting on sale of seeds of all
kinds, noticeable among which are seed
potatoes and onion sets, quotations on
which are given in this report.
The spring crop Of oranges are now on
the market and are priced in THE GA
ZETTE.
During the week an advance of re was
made on all coffees, in sympathy with
Eastern markets, where recent estimates
of q short crop has caused an advance of
prices. Flour and hog products have
also been knocked down fractionally.
Nebraska will shortly enter upon the
manufacture of beet-root sugar on a
scale which promises the greatest sue
cess The German farmers are skilled in
the raising Of this vegetable, and a large
sum has been subscribed to secure the
production of the best sugar in the mar
ket. The soil is adapted to the cultiVa-
ton of beets, the climate is favorable,
and it is confidently expected that a rev
Olution in sugar production is about to
take place. There is no question of the
high quality of beet-root sugar.
The total product of sugar for the four
factories of Kansas this year is 700 200
pounds while the Southern product is200,
600 900 pounds, and that not one-tenth
part of the total amount which our peo-
pie consume. With such 81 showing for
1888 ii viii require rapid expansion of
the sugar industry both South and North
to supply the home demand by the year
1900. The Kansas Farmer figures that
there is great room for sugar raising in
Kansas To produce as much sugar as
the Southern states now do, Kansas must
increase her present product 1851 per
cent; that is. the present output must be
multiplied by 1851 before it will equal the
present Southern product, and then the
two products will be equal to only four
eleveuJhs of the amount which the coun-
try now uses in one year.
In a case tried before Judge Hill in the
United States district court at Vicksburg,
Miss, lately (Stein VS.. FIELD the judge
read a very interesting charge to the
jury in which the validity of future con-
tracts was considered. The suit was TO
recover margins and commissions. The
judge found that there was an under
standing OF actual delivery which could
he held that there was no evil
dence in the case to establish
that the contracts between the parties
were gambling and invalid contracts.
The defendant contended that the plain
Tiff should have notified him of each sale
and exchange of contracts, but this,
under the rules of the exchange was not
necessary, and the judge held that the
defendant, by his frequent dealing with
the members of the exchange in these
transactions and his familiarity with all
the technical terms used in these trans
actions, was put upon notice of these
rules and the mode of doing business in
the exchange, and whether he put him
self TO the trouble of knowing them or
not, was bound by them.