Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-19
ABOUT WHEAT.
E" =
Col CookreI Talks on the Subject-Bstter
Prices tor Wheat in the Future.
The Crop.
Speciol to the Gazette.

| Speciol to the Gazette.
DALLAS, TEX, July 1s,-Col. F. NJ. Cock
| rel, president Of the Cockrell grain and
commission company has just returned
from the Panhandle and had the
in that section: II find them them
even better than my brightest anticipations,
and am satisfied that the wheat crop of
Texas will go to l5,oOO, 900 bushels. The
throughout the Panhandle will be twenty
is large yield, taking in
consideration that much of it is raised on
sod land. The grain is of excellent quality,
but needs cleaning more or less to
make it merchantah,e, as wheat CEN
tiers are very exacting on grades,
l daily grow more enthused and impressed
with the future of Texas in her cereals
With port on our coast, and our wheat
ready for exporting three or four weeks De-
fore others, gives US an advantage
over any other cereal state, and guarantees
viii properly prepare their wheat for mar
ket. In the past our wheat
has been consumed by home mills
and not exported. hence many
of our shippers have fallen into the error
that good milling wheat is No g and the
result is they are frequently disappointed
as to grade at destination points and
do not realize the price they expected
This would not be if they took the precau-
ton to properly clean the wheat before
shipping. For the benefit of our patrons
we have established the St. Louis grades
at our various elevators
''Do you think there will be further
decline in the market, Mr.. Cockrell?n
81 would not be surprised if wheat did go
some lower when the Kansas, Illinois
and Missouri wheat comes to the
market This will be due principally to
the stringency of the money market and
not from supply and demand.
Our best authorities show US that there
will be a great shortage in Europe, and 1
am Inclined to think Russia will be buyer
instead of seller, owing to the shortage
in her other crops. OF course
both the spectators of Europe and Amer
lea will do all they can to depress the mar
ket until they have loaded up, and you
need not be surprised to hear of
Armour and others in the field buying
spot; in fact their agents are amongst US
quietly investigating our reports and to
see how much wheat Texas is likely to
export. OF course Texas wheat, owing to
its forwardneSS and low rate of freight to
the ports, assists the ''bears" in de- !
pressing the market, as they quote |
the arrival OF American wheat |
heretofore drawing the conclusion that our |
crop will be marketed earlier and Europe |
may expect low prices sooner than before'' |
MIR. Cochrell do you think there will be |
plenty of wheat left for home mills"
THAT depends. With the present arbi-
trary rate to the mills and from the mills to |
the consumer, wheat is put at such |
4 price that the mill men, even though they |
had the means, feel hesitancy in storing |
as they do not know the price wheat will be
in Kansas nor what close competition they
will have from Kansas mills"
do you think our railroad commission
could regulate that by basing rates on mile
age?"
Il am not prepared to answer that cues
ton just at present, but am convinced from
the rumblings | hear throughout the wheat
fields that something will be required of |
The commission
MIR Cockrell, see the commission will
meet in Dallas next Monday and Tuesday
Do you expect to go before it and champion
he mileage rate?"
Il cannot say that 1 will, but never 20
'ut of my way to prevent giving my con-
Tictions on any subject, but 1 think it is
within the power of the railroad people to
arrange this matter without the inter-
ference of the commissioners if they wish |
o do so.''
''What do you think of the future pros
,ectsl''
81 am satisfied that money will be easier
or all commercial purposes in the near fut-
ire. Our crops throughout the state seem
letter than ever before, and L am satisfied |
hat all our factories are doing more than
his time last year. Our farmers have
ever realized for this time of the
ear so much from their crops,
nd those in the wheat belt
who have in the past merely
ked out an existence until the fall crops
anne in; now nearly ali have
honey in their pockets or grain
4 their granarieS from which they
ould realize at once. Hence, should they |
larket the present crop and pay off their
ebts they would be more Independent, and
n better condition to hold fall
rops, but l certainly would
OF advise them to throw
heir grain on the market at low figure
hen they are certain to realize, during the 1
inter or spring months, from one-half
, three-fourths more than what grain
worth to-day. Our bankers are I
ping all in their power in the way of adj ,
ances in grain, and will do more l have ,
cen trying to interest foreign parties in |
lie advancement Of our grain, and hope yet !,
, Sucpead ,, |