Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-11-17
ATWOOD YIoLErT 4 co.
New Orleans. La. Nov. 16.-(Special.)
Atwood Violet 4 Co. say:

New Orleans. La, Nov. 16.-(Special.)
Atwood Violet Il Co. say:
Futres-It has been very strongly
urged TINT 81 is the abundance of sellers
Of any speculative commodity tE9t causes
depression We beg to give some figures
that may surprise those who have held
to that theory which viii not only con-
tradict them but viii entirely confirm
what we have said So far MS n short
interest is concerned viz: That
the larger the short interest un-
der certain conditions the greater
will be the advance within II
certain space of time. From September
TO November II last year sales of
futures in this market and New York
We're about 9,I50.O0O bales and the do
cline at that time was ] IL cents The
futures sales in the same time this year
are about 14,JOO,O00 bales and the mar
ket has advanced l "a cents. There
fore we must explain these conditions
by the fact that last year the supply was
very large and demand not in keeping
with IL and hence the decline, whereas
this year the conditions are entirely the
reverse and hence the Improvement.
Does not all this show that the price
~ ANYTHING represented by contracts is
largely regulated by the law of supply
nnd demand rs to make II unreasonable
10 saw that dealings In futures is an in
inry 10 the actual spot business. If how
ever those who contend that IL IL IN M
iurv In one case must they not be gwen
credit TO the contract market LOT ussis-
lance IN an advance ms has been the
case Gov tho mast two months or more.
a grent deal of realizing has taken
pIaca hero to-day. and In New York as
the advance in this market of ~ points
has tempted a great many 10 take lnelr
their profits. We closed u points better
than yesterday. The strength OF uie
= Lao fra faTTimn 1fgHH
10 artnnl cotton. which has again i'm
nroved 14c to-day and 1-Sd in Liverpool
Futures there improved I-Bid, of winch
. 61d wore lost. however, by the closing
and spot sales were 1000 bales.
The spot markets are to-day 3-iuc 70 =
quarter higher generally. hussiitn III
German buyers are largely responsive
fnr the Improvement here and IL gives
evidence OF large continental demands;
iTheN, have been very slow in taking hold
md are paving for it by not sooner real
iging the truthfulness OF snort crop re-
ports With many the impression "
strong that middllng will sell mere ~
10 cents and If the moNeiiisiIiii a' ~
and interior to-day is any inuicatioh on
what the supply promises TO be IN tne
near future we should say that 10 cents
Is reasonable figure. ., ooo -.
Port REGENTS to-day are $1,000 bales
against $4,000 bales last year; we shall
probably this week lose a0VVV paies ~
ti,o norTs MS compared with last year
witch together what the interior. move.
ment will show, will give loss %
atnovnt coming into sight as compared
With last wear of $4,000 bales and per
hans more. The fluctuations OF TINS mar
ket has been most pronounced ana plley,s
have swayed bass 1S pa,ut s'' AZ I'M much al
< noints within one minute New York
does not svinpathize with this market ~
His bulish feeling and the difference
lies In this that it is not spot marke'