Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-02-24
1T is STILL FELT.
While the Reading Trouble Is
on One Side
THE OTHER STOCKS SUFFER
As a Sort Of a sympathetic Collapse Sugar
Drops Over Seven Per Cent Atwood
Violet on Ire Cotton siIuaNOn--Re.
duee ne Acreage I've Slogan.

New Orleans. Ia, FEB. ID Especially -
Atwood Niolgtt * Go. suy
Futures We are cabling Liverpool to-
night substantially as follows. Our
senior attended q meeting nc Memphis,
called to consider cotton ucreggc reduc-
tons ana we feel strongly that il is the
beginning Of uu earnest aud popular
movement 10 that direction
More hog aud h1fniny aud less cotton
should ana muat be- the prevailing senti-
ueit thr0aghjut the South. III is inn
possible 10 disbelicve that some amcahle
settlement between masters and operator
would not have occurred iu England
but for the strong belief Of the consumer
that the Southern states are preparing
for another monster crop which the sup
plies on aat side of the water and In
this country now ON hand would enable
them 90 pursue the hand-t0-mOuth policy
and gradually force prices lower. Unless
this impression Is checked by the most
active aud unmistakablc resolutions
either Ia the states separately or by gem
eral conventions of ull just SO sure as
the South does not cotroi the acreage,
just 40 certain will collections next lall
De more uncertain and the people gener-
ally bc poorer and poorer.
The only way We say II With the gent-
est thOuRhtiuuoss. tO make the lands Of
the South more valuable. the principal
basis Of credit for the farming people.
n 10 plant less. and not more cotton, and
III our readers will consider this assotun
we think many win endorse this view.
The total advance here today from Tues
1ny'H closing was ~ points. but 40 were
lost, owing Go an indefinite putpOnemcut
of strike negotiations at Manchester.
Liverpool advanced 3 10 points aud
lost hal the Improvement
The Hatch bill today was again nude
10 give WAY 90 other matters. In our
opinion the only thing 10 permanently
improve the market viii be- the knOwl.
edge that the acreage Will be- reduced.
Bulls aud bcors have settle upon 5000
600 bales Us q basis for this crop. The
question is what supply the next crop
viii give us.
Port receipts today. 600 bales. against
26WO bales last year Estimates for
tomorrow. 1900 bales, against $500 bales
last year. 1900 bales nt al ports last
year uud 5000 bales in 1875.
Spot opened strong and closed easy.
Sales, 400 hulcs; quotations, up l-S.
STOCKS AND BONDS.
New York. Feb. %. -Although the fun
effect of the liquidation iu Reading has
probably been seen iu that stock itself. tie
after effects are now felt 10y the gem
prnl market The Reading episode had
pud spectators NJ home who have been
crippled boy tie extraordinary drop find
themselves unable to hold on and their
holdings are dropping into stronger
hunds In the stock market the bears
are aggressive and meet with little
opposition iu efforts TO take away tie
market from sellers by necessity. Today
their operations extended 10 the entire
active list although the market espcci-
ally during the curly part Of the duy,
showed considerable nurrowness and
some resistance. Coal stocks were affect
cd by impression q fall In prices was
inevitable and closed with loss
Among the railroad stocks the only
special Feature Ot Importance was the
drop in Northern pucinc preferred, under
bear pressure Ina the last hour.
The Bwitcmnpn's strike in Chicago was
one ol ihr most powerful Influences i'm
encouruglug the bears u drives nt the
general list Naturally the roads CEN
tDriug Boo Chicago were most yuuorublp
The most striking fouture of the day,
however, was the renewal OF heavy sCli-
ing iu SUGAR aud lis price was steadily
depressed until IL showed a loss of Z rs.
a rally of q followed. but there was
a marked lack of support and the net
loss of tle day reached is per cent.
other mdustrals We're comparatively
quiet.
In the last hour the market became
nervous throughout and closed weak aud
active at about the lowest point
Railroad bonds only foirly active
Government bonds duh and steady.
State bonds neglected
MONEY AND EXCHANGE.
New York, Feb. %. Money on call
ensy, 2 l-2GiJ; closed offered, 4
lrimc mercantile paper, jGiG -
Sterling exchange quiet, firm, glS0 IL
sixty days Si.SS IL demand.