Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-07
STILL WEAK.
Call Money Goes as High as
Fifty Per Cent.
SOME MORE GOLD TO co OUT
And mo Two Combined Cause a Decline IN
most Stocks Tho Reduction Of Cotton
Acreage a Necessity 10 Main
lane Prices.
ATWOOD vIOLTTT & co.

Now Orleans la. Mnrch G.-(Spccial)
Atwood Violet & Go. say.
Futurcs-As % practical illustration OF
che folly Of big American crops, we give
the following:
On Friday last 5,S00.O00 bales came
into sight Of this crop and the snlne
day the worlds visible supply Of Amcri-
can was 100000 bales. Therefore,
practically. only 100000 bales of this
crop has gone ont Of sight Now, nssum-
ing that on May I. the worlds visible
of American is 3250,OO0 bales and tho
prospects Of increased acreage Indicated
By that time SOOO,OOO bales minimum
the spinner win sec the probability Of
at least II ,25O,OOO bales Of American
cotton alone as the supply from May l,
1893. 10 May 4 1891. because on the
latter day we win be- on the eve Of nm
other crop whi,i Indicates NOOO,OOO
bales, more or less. Now we say again.
on estimate Of the worlds consumption
Of American w. about 100000 bales,
aud as the visible ~ exactly onc-hnli OF
that is seems 10 IA there is nothing but
ruin for planter and merchant, unless
the next crop Is indicated by The pros
pect Of reduced acreage during the next
sixty or ninety days TO be- less than q
100000 buleB Otherwise the South has
most discoumging prospect We trust
these figures will be- read by large
number OF the delegates tO the convcn-
ton at Austin IN Texas, whore they are
10 meet TO consider cotton acreage re-
duction.
liverpool improved 3 and 3 points here
on reports of more favorable outlook
for the strike settlement. Final prices
here are 3 points higher than ycstcr-
day.
Port receipts today. 1000 bales,
against 1900 bnlcs last ycar Esti-
mated rcccipts for tomorrow here 1000
Ill. lao
25.OOO bales nc nll ports last ycnf and
COCO bales In 1870.
Our cnble, received just az the clos
ing. snya the strike rs likely settled,
which cnuscd an improvement and firm.
ness.
Spots closed steady salcs 5000 bales;
quotations mp i-1B
STOCKS AND BONDS
New York March G.-Thc stock mar
kct today was weak from start to finish
The rallies that occurred were of short
duration. aud low prices followed in
every instance. Final quotations as n
rule are at or near the lowest point of
the day aud show losses of l-2U3 -
from Saturdays closing figures. Indus
trials led In the downward movement,
owing 90 the emphatic declaration
against trusts hy MIR. Cleveland Ia his
Inaugural address. Tho market was al
80 influenced by ndyicrs from the West
Of growing discomfort among railway cm-
plOyes. and the likelihood of u strike uH
Wen ns by the stiingcncy in money The
heavy ullluN of currency 10 the interior.
the continued shipmcrt of gold 10 Hu-
rope aud the loss in bank reserves en-
nhlci lenders 90 exact high rutes from
those requiring funds. The rates for
call loans ranged : TO 90 but the bulk
OF the business was no ljm2O. An M
prrhcnsion thnt borrowers will have Ia
pay high ratios for some days 10 come
Induced free selling of stocks for both
the long and abort accounts.
The market closed weak.
Government bonds dull.
StntcH steady.
"a H. l.