Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-11-30
ATWOOD v1oLETr 4 COMPANY


New Orleans La. Nov. 20.-(Specill.)
Atwood Violet Il Company say:
Futurcs-Ihe decline In Liverpool to-
day was a serious one, being at one time
\ lower than yesterday, closing finally Z
lower and quiet.
Spots, however were reduced Is. This
was followed IN this side by Il very
much better opening both here and New
York, than expected.
There hns been great deal OF realiz-
ing today by the longs and this has
helped 10 Keep prices lower in both mar
kets but after all with the present diff
terenccs between futures and spots II is
suter To buy contracts than TO sell them
Al three markets are now awaiting a
falling of In the movement us an TN
enlargement TO again take hold of prices
ana put tile market higher We We're
buyers of spot cotton today in this mar
kct and paid yesterdays prices for 800
bales out Of todny's sale of 1850 bales
And We can therefore say that our
purchases showed no change. We hnd,
however, Our spot quotations reduced to-
dhy l-Ac. We merely mention this mat
ter because IL is fact OF our purchase
being bought on basis of f3-1G for
middling, whereas the market Is 1notcd
this afternoon at o 11-lG for miidling
When anyone is long or short Of cot
WI 'Nii'A AAtN AAtAAhtN - kulUk uElllnSt MS
contracts, it is largely a question of dol
lars and cents with him. no matter how
strong his convictions may be as to the
ultimate, and to stop further losses he
covers his contracts to await Il better
opportunity, or because he is unnblp 10
margin further These conditions and In
Huenccs have prevailed during the past
Few days and much Of the decline Is the
result thereof The market presents IL
self TO us just as II has done for some
time PAST, and that Is MS we quoted from
Il Liverpool letter few days ago that
Il long interest Is not q dangerous one
30 long as the consumers. that is, the
splnncrs, are behind the market without
any stocks. The present movement is
used as I'm opportunity Of frightening
many, and IA IN argument with Liver
pool anu Che continent that the crop Is
not 20 be as small MS recently reported
by Competent Judges but It is the people
who have raised this crop aud who are
on the spot who know it is dangerously
small, who are the sufferers by This sort
OF information generally disseminated
who are plainly contradicted and told
practically that they nre not giving tbc
true state OF the condition Of things, Tint
thCN, the interior people report.
WIN lighter movement we shall
see prices improve, until then we expeos
little change. Port receipts TODAY, IL
900 bales against 10000 bales last yenr.
The estimate here Tor Tomorrow is
1000 hnlcs, against 1000 bales last
year December differences to-day. 90
points. One of the industrial circulnrs
and kilograms to other markets sent ONT
from New Orleans Of late conveyed the
statement that Galveston had sold suf-
hcient hngging TO cover two and one-boif
I million bales of cotton. We have posi.
i've Information that the leading bnr-
glng factory ut Galveston has sold only
| enough for 100000 bales, and tbey sny,
thelr sales have been much more Than Nh
| others together The bears will now
have to fall back on something else MS N
confirmation of 100000 crop for
November contracts sold here today Mt
~ cents. which We raid while midjling
~ quoted nc ll-1Oc, showing thnt IN,
lures can be- put above spots.
Spots-Cl0sed steady. Sales. 17,n
lales' Quotations down, is I. o Ia
Sales. 1900 bales y