Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-10-22
TteFinssts 6ssufs u Ut oHs
at Andsssss sna store
ON 'CRANGE.
Spot Cotton Advances at All
Markets Lice to I-3c.
FUTURES STRONG AT ADVANCE.
Wheat Fluctuates but Closes Higher.
Corn in Good Demand and Higher.
Oats Higher With Heavy E1-
port Orders-Proyisions Dull
CIews on Cotton and Coffee


Cotton.-Ihe cotton market had sharp
decline from last weeks figures, the imme-
! date cause being the immense movement of
the crop, which even exceeded the large
figures of last year despite the lower esti-
mates. together with the weak condition of
the foreign markets. With this heavy
pressure of cotton from the South and no
sign of it decreasing, in addition to the
large supplies carried over from last year,
all the bullish elements are lost sight of for
the time being and left for the future to
demonstrate their value, as the cotton must
be marketed. The Southern markets are
all lower, with an increased export business
for Great Britain and largely diminished
movement for the continent compared with
last year. Another important element OF
weakness was the strained condition of the
future market on the long side, to which
many were converted naturally by the con-
tinued bad crop accounts and the unfavora-
BILE bureau report which confirmed them.
The Liverpool market had Just about begun
tc put faith in the market when the unprec-
edented receipts caused them to hesitate
and sell out their futures, resulting in the
very perpleXed and weak condition the mar
ket is now in. Manchester is quiet, with
cloths moving slowly and yarns firm. An
important revision in quotations of spot
cotton was made during the week, by which
low middling and below were advanced
Is to =, and good middling and
above reduced $40 to y. Pri-
vate kilograms received on Friday
report killing frost at Aberdeen, Macon and
Winona, Mississippi. However, it did not
have any appreciable effect on the market
in the face of the enormous receipts, aggre-
eating $4,000 bales-the largest ever
known. Following kilograms have been re-
ceived from our branch houses: Fall
River.-'.Cotton is offered in large quantl-
ties from the South. with no pressure to
sell, however. There is better buying at
good concessions from last weeks prices
only small proportion oflowg rades. Print
cloths are quiet at Sc asked" Providence,
r. 1.-The demand for cotton very light
just at present. Spinners have not bought
up to last year as yet, the large receipts
having kept them out Of the market" Wis.,
IDLE supply, 2,26S, SIS bales; last year, 1905
947 bales. United States stocks at ports,
S79, 224 bales; last year, 419, 72O bales. New
York stock, 1S5061 bales; last year, 1884
bales. Liverpool Stock all kinds, 643000
bales; last year, 1920 bales. Bombay re-
ceipts for week, 1000 bales; last year, 1000
bales. Exports since September !, 522.-
Ais bales; last year, 134, AS bales.
Codee.-A sharp rally. which we said
last week might be expected, was the chief
feature of the early trading in this market.
and options showed an advance of 35 to 50
points, with quite good deal of activity in
the trading. A lively covering of shorts
soon left the market very easy to raid after
their requirements were satisfied, and
prices nave shown some decline since on
very light business. The entire absence
now of any prominent interest on either
side leaves the business to those operators
who simply trade for short turns either
way. The heavy spectators are now await
ing information about the growing crop,
reports of which are occasionally being sent
for and against heavy yield. and both are
equally unreliable, as it is too early to form
an intelligent opinion. The jobbing BUSH
ness remains in the same unsatisfactory
condition as has been reported for some
time back. The street market may there
fore be quoted as merely nominal 12s<Na13c.
The firm offers from Brazil have been on
little firmer basis, but without finding many
buying orders at the advance. Receipts at
Rio and Santos continue liberal The stock
now in Rio Is 36T. 900 bags. and in Santos
27l,0OO bags. There seems TO have disap-
peared from the latter port some $1,000
bags not accounted for in shipmeuts--prob-
ably purchased for European account and
mention of the fact neglected. The ware
house deliveries from the LIST inst are 49,