Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-12-18

Special TO tho Gazette
New Orleans, La, Dec. 10. -McElroy
4 Co, say, Futures The principal fcai.
urc Of today Is The visible supply which
is now greater than at the same time
last year and Il has been gaining $,
steadily on the figure Of two years neo
that It bids fair to almost equal it be-
fore The end Of the present week The
total visible Is now $4,000 bales
against 4,2TT000 bales last year, and
4,4AtO0O bales the year before. II 81
pointed to az an item Of importapce that
the present Visible Is within 10000 bales
Of the worlds supply on April /, 1872
when May cotton touched 5.9g Mt Cd
" wei To add that condition., are now
dihcrnt from the dcmOrnliHrd state
OF affairs then prevailing. The heavy
movement which usually continues
throughout the four first months or Tho
season daily adds 10 the visible supuly
mt usually soon after the turn 90 Tao
year the figures begin To decrease and hy
April ue doubt a big hole will have
been made In The present enormous stocks
80 that ilte comparison between them and
NJ April 1S02 figures IN not to be con.
sidcrcd.
Liverpool closed qnie, al loss Of
l-lGd lower, With salCs OF only 5000
bales. The general dlscouragemcnt pro.
duccd by the Increase IN the visible a.
wei ms the big port receipts expected thla
week Of 2SO,OO0 bales against ISIS 900
halcs last year. caused decline here OF
y points from last night, but shorts stli
continue cautious. aftcr their experience
Of the past week, and their covptin9
caui y renCtlon, closing prices being
only points below yesterday
spots wore dull with small sales. 1850
bales. and prices remained unchanged
rms Is the season If crop esiimntrq.
and calculations ON Almost cyery basil,
md active supporters, A fuvOrltp 'mrthol
Of calculation ig 10 take the amount OF
cotton expected nftcr that date and Tins
arrive ut the total Weld. II is praciic.
allv considered that Dee Cnd OF tho year
viii tee the movement reach 54OOON
bales, Taxing thc clghl past years 4, a
guide We lind that only during the mon
ster crops Of SGi1,uO ba.e. and pO3j
oOO bales has the movement nfter Iau.
nary l reached two million Ia tho Tor.
incr season The movement WAS 2.TTSOOO
hNlrs' and ia tho latter 2OSl,O0D hlle7,
bui these phenomenal Yields can safely
ster crops Of Sli5l. 900 bales and N.09h,
when we consider tho exceptionally
favorable conditions for marketing which
have prevailed during the first months
S'oWooO hnles Ms the maximum 10 be-
W. lrli ont 81 our calculations especially
To hiolOlO would give u naXiuum cstl-
mate Of l1O1OOO bales. with posai-
1ility. Of 100000 or MO.OO1 ba,ie less.
Another way Of working ont tho total
weld Is To take the average percentage
Of the crop IN sight January I. durinr
the past eight years This uVerngG u
l2Vl and on thnt basis yield VI ~
bIWOO bales IL indicated
Another little calculation, for making
which we will nsk TIE indulgence Of CIR
friends, appears To " very apt, NJ the
present moment a great many people in-
slst that The open fall has done nothing
10 increase The total crop Even though
unuWnly favorable weather should not
Lave helped TO open q single boil, Il viii
hurlly be- disputed that Il certainly has
served The purpose uf saving d great dou
OF cotton thnt q wet season would have
wasted. Ono OF our planter friends ir.
grcs thai the uvprnFc stand per aero is
h5Wu Sinks, and II the hnc weather por-
united ne saving " one boil ON every
stilk l'hO bolls would thus be liuncd,
Az 100 hollis are sufficient To furnish 0ur
poumi ol seed cotton, or onrihird Of
pound OF lini, the swing per acre on The
nbovr basis would hc eighteen pounds. or
something Ike o million h0'ls, II the same
eontlilogy prevailed throughout the entire
cQi'Ou bolt A cnlcnlatiO OF nils sort ~.
81 course, NOT intended seriously. hui
however inaccurate Il stu caundt fail TO
set 90 rcst an dispute as ~ the beneficial
elects Of an open IAN