Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-11-13

ATWOOD. VIOLET AND COMPANY.
New Orleans, La. Nov 12-(Spc
cinl1--Atwood, Violet and conpnny
saw: FuturcsA few words on the sub
iect of anti-option are most pertinent na
lvo regard the soriouanvss of agitation
of that character at very particular mo-
ment nj tlds time. OF course We are very
much Interested In iiH non'pnssnrc lint
out side Of the fact tl.at we are cngagri
In TINT character Of business we take q
broad view Of the question ON account
of tho great Importance IL is 10 the
southern producer and others Interested
In higher prioca for cotton, TINT lucy
should be advised III the threat thai
4 being made either that IN abolition 81
! the future business or some, fhuI'ai
! chuueo la the system shall be lcgiRlli'd
mon nj the neNL scs4ion Of congress
As fnr AZ we can reach amy number
| OF those identified with cotton, We wish
] 10 give them some Information aud ny we
/ have shown by the pnst that anything
| we give through our market reports "
/ only nut Ia print after the closest iuYes-
| tiration, IN proof of which has been
/ thia almost uniform correctness NJ sub
/ seauent events have shown. We now
| say that " for political reasons or other.
| wise, this question " taken up, IL VIII
/ simply work 10 the hcneht OF those VINO
| hive been caught abort on the market
and n worry numerous body they are and
| nlrcndy they are using " in this market
| rs thrent hut Il will also rebound
| lnrgely to tho benefit Of the very people
| Tint we have shown for weeks past
! were staying ont Of tho mnrket because
| the shorts have heen talking OF plg
| crop and who would now be very clad
| TO have some excuse for Withdrawing
| from the market
ia is hardly necessary TO say that u is
| tile spinner and exporter whose support
/ ,ye are now getting, actively, anu VINO
! will hull the discussion Of any such
measure ms the only thing TO give MN
| relief nt tho moment We say nnqnhlir
/ Godly that the prcspeeta Of this crop are
| boeOminp 80 seriously uniaYorhhlc az 10
| make the outlook for supply danger
ously short one. ia whit why are ~
lures possibly lujuring epotsf On me
contrary, we are showing and have h1en
| for some time that the future market ~
sustaining aud Will continue to sustain
uiots and we now repeat u relnnrk Of
ours Of several days since ns nm Illus
tration. Tho interest In futures in Liver
pool, New Orleans and New York ~ the
largest for yenrs and Of course tho short
interest must correspond IN the MUM
with the long Interest.
Tho only difference being TINT some Of
the shorts are protected by nctnm cot
ton, but when that short interest IL ns
lnrge az il to-day the amount Of spot
COTTON lNlL must w HNhENh NHl NNlN
ngninst future Anl0H must be Increased
Ia proportion and when II ~ bought for
thnt purpose II is practically out Of sight,
This would be bull element even with
a crop larger than whnt u promises 10
be but when we consider The possibilities
much under IOOOOVl bnles, win, the
tremendous amount of sales that have
10 be taken care Of by actual cotton,
what "a the world Us the South thinking
of when they seriously contemplate taking
such notion "a would seriously ieonnrdiEe
the interest Of their own people. Then,
again, q great many are buying cotton ~
VOL M contracts aud m we said day
or two agO the exporter N having more
competition from these two sources thnn
he Inns had for years and with d smaller
supply 20 draw from. II anyone thinks
we arc writing this for our own selfish
purposes that Is matter We are entirely
Indifferent 10, but with our usuul frank
ness we are saying exactly what we
think and we truly hope these views win
have some weight
We haze frsw shown the benefits Of
future uafl,ct In this TINT owing 70
the existence Of very large long inter
est IL has necessarily created q very
large short interest and has forced md
will force the buying Of great deal Of
cotton which would have been on the
mnrkei otherwise with no competition
against the exporter md spinner. We
trIfFt OuT readers VIII Itlll1 GlNn tnlu
matter serious consideration and rcmem-
her. aud we know what we are talking
about the hears nfG already using this
flirent 10 depress the market md many
arc holding their sales with the eapccta-
tion TINT misguided legislation will help
them ont Of the hole, Put a stop 10
any suggestion " such Legislation and
We Will be bulls on the market for one
or two cents higher
The visible supply Of American to-day
10 3,251 900 bales, against 1888, 900 bales
/ last year.
Port receipts to-day were 33,O03 bnlea,
/ against 10000 bales last year. Liverpool
/ lost 1-64 but recovered MI but one. Our
| cables sasing an offerings were absorbed
rapidly by the bnls. A great deal Of
/ reniiaing has taken place here today aud
/ AZ d result we close only one point bet
| Ter than yesterday, but since the closing
| h one OF two points higher.
December differences, ~ points.
Kocelpts for Monday hore estimated
at 1000 bales agninst 1000 bales last
Receipts on Tuesday here Of last
| vel r wore 5000 bales nnd we shall
| probably loso next Tuesday from thnt
| 5000 bnIrs Our idea Is that this crop
| ,yiil b. distributed In rs shipment 10
! ports over larger period than my pre-
| viOus one. The producer md merchant
are shpilng and selling gradually, but
gno,s are Iea higher than olleiol