Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-11-29
LETTERING
That's What the Cotton Mar
kets Of the World Are Doing
BUT SPOT HOLDERS ARE BOSS

ArMonn. v1oLErr 8 co.

New Orleans. La, Nov. 2S.-(Special.l
Atwood Violet X Co say:
Futures-A prominent Texas firm
wires US to-day that their Liverpool
cables inform them Of 4 combination TO
break tile market, consisting OF sltong
firms here. We replied that, 4 hrlns
here or elsewhere could force the spot
holder to let 20. that contracts would fol
low, but with the probability OF y
100000 balo crop, we thought 1t would
be sufficient to press down prices. we
rrfer to II remark of ours several day
since. We said few firms III ench OF
three markets were doing their best 10
accomplish something OF this Kind, nnu
Ills report simply confirms that The
people Of the South now have one thing
before them. and that Is that some IN
lnentinl firms and individuals propose
to regulate the price Of the American
cron "a file balance Of the season. Can
they d Il? The SPOT Holder must ans
wer tlns question The Liverpool mar
kpt opened to 0-l4 better than Satur,
dny. but the closing was hunlly ,l-bf
under Saturdays prices The bears nave I
taken advantage OF the situation to-day
tn hamruor tie market both here and
New York. with the result that New
York ~ lower and this market rs
noints lower than Saturday. Livefpt oil
\, I'M BIS perhaps A-Bi lower to-iu9rloW'
unless the report of Messrs. lul, 4 on
tame x Co. issued to-day should ChecA
tbe decline there. This report estimates
the decrease us compared Win luss y c y.
in Tennessee, Of Oh II per cent ~.
sippi. 81 ~, per cent; ARKANSAS ~ ~,
cont, Alabama. AZ per cent, on general
oreyn,a decrease of 40 5-S per cent.
rims we have an additional cOnhrina-
ZION of a crop of G.0OO,OOO bales
Our cables say Il is rumorcd the cotton
ot,eratiyes' strike will be settled during
the present week. The large moVeIh ~
promised here for tomorrow anu perhapss
NEXT DAY has mainly been the cause OF
decl;ue To-day on this side. The crop Is
No larger BY reason thereof, bnt slilllny
Nv a combination Of circumstance Otlst
norts have also been quite free ana thc
result has been to-day port movement
~ 10 600 bales, against S2,uOO bales last
wear. and the estimate here Tor to-,hoi TOW
is 1900 bales against Zl,Uvo nales iil's
year. Some brokers mere leieE,ai'iiiisu =,
that the market would break today auu
his doubtless caused great many 70
send selling orders TO the two markets.
me opaning here for some time ~ tue
forenoon was very steady at only 4 or .
noints decline from the closing prices OF
SATURDAY. With middling cotton here az
osi and March at 9.6l, aud with very
strong feeling among spot hoiafrs ~
fhis market and elsewhere II does not
Do well TO sell the market down, but
rather the reverse.
December differences to-day here ana
Liverpool are 50 points.
me Memphis cotton exchange passed
n resolution by q large MINORITY. on sat
nrlav last condcmning amy action i,'ln-
live TO the passage of the nnt-option nill'
aud from South Carolina comes iniorma-
San Of 4 similar and most decided char
actor We urge upon our readers to
iose no time 10 bring this mattcr TO the
attcutiou OF their congressman 10 the
most pronounced way possible,
SDots-Opened steady and closed easy.
sales. 300 bales; quotations, unchanged.