Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-01-22
COOLIES OF MONEY
In the New York Banks Braces
UP the Bulls,
WHO SEND STOCKS A-KlTlNG,
Nearly Everything Dealt In Goes Higher In
Bonds Houston and Texas Central
Was a Feature Cotton Out.
look Money Easy.
ATWOOD YIOLETT \ I'D.

New Orleans La, Jan. ~. -(Special)
Atwood Violet a Co. say;
l'utuN's NELL this morning iu Liver.
pool gave his estimate of 0,lOOOOO bales
of this years growth, and although his
final estimate iu amy year has never
missed q crop 100000 bales his figures
had but little effect In Liverpool ~ that
market improved 2-G4d and had no Of
feet on New York, but on the contrary
We learn that On the strength of the
estimate OF the Texas crop nc between
2,lOO.OOO aud 2.2OO0OO bules by prom.
inent Houston firm broke rapidly and
closed II points lower than yesterday.
We sympathi1ed partly here and our
close h points lower. This shows how
prone the majority of cotton people out
Side of the producer, the interior mer-
chant and the buyer ARE 20 t'srredit any
thing but bis figures, and yet our oldr-
ion is IL will require 2.1OO.OOO bales
from Texas 10 make crop of G,2D0,0O0
bales. therefore why this decentralization.
much we or any one may present bullsh
figures and by which we are
merely giving information aud i'm
pressiOns that we have, it does
not have the effect Of putting mp prices
unless the majority Of dealers in cotton
or spectators buy either the actual
cotton or contracts. but nc the same time
recognize. and we think they are ak
ready doing so, that they must accom-
mOdute their wants 90 a supply not eN-
Cecding O,S00OOO bales or else IL they
can not reduce their consumption they
must come In aud buy more cotton
and this rs exactly whit we think they
are going 10 do. II this II realized Il
viii give a basis for buying spoculatively
aud this in turn produce a large buying
interest, aud the two together should
put the market on a higher plane Of
value.
If the South has been tnught one thing
this year more than another, il Is the Wis
dom Of curtailing instead OF increasing
the acreage, and II is our eurnes be-
lief that there should be organizations
~ every town 20 agree upon the plant
that would prevent any man taking nd
vantage of his neighbor. should there he
any concert of action looking 10 Il gencr-
al intention 10 lessen rather than increase
the acreage In cotton cultivation. We
really think it Is one of the most serious
questions for our people To consider at
present, because there can he no doubt
that spinners are keeping purchases with
In the present limits for the reason that
three months from date they expect 10
have the government report Of large acre
age increase. which will depresa the value
Of spot cotton I'm this country and is,
therefore, used as an argument against
buying now more than hand 20 mouth
We have had some letters from the in
terror to reduce the acreage. and II our
readers will write as on this subject.
either as individuals. or after some sort
of an organized expression In their re-
spectiye communities, we viii give
through this medium the result Of our
correspondence and report not only 10
the state. but different sections thereof.
and the sooner this Is done, the better.
Port receipts todny 300 bales against
$1,000 bales last year Estimates here
Monday. 5000 bales against J4OO bales
last year. $1,000 bales az al ports lust
year. aud 1900 bales IN 1898. Ports
will have 60 average the next five days
of this week 1900 bales daily 60 make
5000 halcs for the week against $780,
900 bales last year The amount that
came into sight this week last year was
10000 bales We expect this week
about 100000 bales
Spots closed quiet and steady. sales,
2lE5O bales. QuofnfiOue uUchHuged