Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-11-16
LESS ACTIVE
Was the Stock Market on Wall
Street Yesterday.
MONEY SOMEWHAT STlfFER,


New Orleans. La, Nov. 15.-(Special.)
McElroy & Gilbert say:
Futures RutnOrs were rife through
out the day that Mr.. Neill had issued or
was going TO issue an amended crop es-
innate reducing his previous figures Of
I.lO100O bales mnximum. 10 some
hing like 0.750.OOO or 100000 bales.
Nothing definite could be learned on
his point but V the actions Of Liver
pool are to be taken as d guide TO the
correctness Of the rumora, we must nc-
rept tbom as true. for that market nd
fanced d-Oi and closed firm aud while
spots during the morning were slow OF
sale and rather easier IN price, they he
came active Inter IN the day aud in
rluding sales after 2 p. N. the total
business was lS,OO0 bales. Our mnrket
needed no further encouragement than
Ills aud has been very firm throughout
The day. the closing showing m actual
Euln over yesterday Of about -
points or only less thnn the e1trome
prices paid. New York has followed aud
closed about - above yesterday. Our
fpot market was very active and prices
are 3-iG higher hiddling cotton being
now quoted az o cents. Sales nggregat-
cd 1000 bales, Of which 1900 bales are
10 arrive
We hive looked with much grahGea-
ton at the lead which New Orleans has
within tue past two months very prop
crly taken in asserting H. position as
the governing cotton market NJ ine
world. Nothing but tho apathy Of our
own people and their failure 20 realize
the Importance " such influence on the
pnee Of the staple which forms the hn-
els Of Southern commercial prosperity
lins prevented uB from taking this posi-.
ton some years ago. Now hat h Is as
surud Tint the world viii look more TO
New Orleans than 10 either Liverpool
or Now York when il wishes 10 learn
Tie probable course Of the market aud
Of the Influences that are likely 10 gov
ern prices.
The figures which were called so gem
orally yesterday o. those Of Mr.. Ellison
are from nll accounts really not HE, but
only q deduction from bis statements
u will be- remembered TINT last month
Mr. Ellison estimated the consumption
Of American cotton az SiO0,UOO bales
and II the new crop were equal 10 this
our stocks would be at the end OF this
season the Hnmc ne az the beginning.
lie always takes into consideration more
particularly the stocks nc mills and En-
rope9n ports, which IA 1891. on sopiem-
her 30, tho end Of the LIVERPOOL ypnr.
aggregated 100000 bales II instead
Of carrying over 10 the new year such
an Immense surplus this would be no.
dlccd 10 the total Of September 30, 1890
100000 bales, there would be- required
from America loo, O0u bnles less tbnu
the amount that will be- consumed bv
tho mills this year and thus Il n evil
dent that parties cabling here yesterday
calculated that Mr. Lllsons figures
meant that an American crop Of 1000.
600 would be- sufficient 10 meet tho
wurld's requirements md vet leave
stocks on hand NJ the end Of the season
ua large as those carried over on Septem-
her 1890. say 100000 bales. This. bv
the way. was a larger stock than had
been carried for number Of years pre-
vi0us.
liecclpts at an ports to-day were as
D0Q balos, against 5000 last ycar. New
orleans ,etmrta Tomorrow 5000 bales,
against 1000 bales last year.