Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-03
SLOW BUT
Offers to Buy Sugar Dividends
at Five
SCARES THE SHORTS TO COVER
Texas Must Lead IN the Movement Tor Ro-
duood Acreage and Then Other Cotton
States viii Follow-Aboul tho
Money Market
ATMnnn YInLETr \ 40

New Orleans Ia March jSpecial1
Atwood Violet & Go. say
Futures Liverpool cables are again az.
sorting the probability of settlement Of
labor troubles When we stop 90 cOn-
slider there are ns many people In the
world as one year ago and that on the
average the wCrld h. wcuriug about the
same old materinl we have ia confront
these two questions. has the advance iu
middling Of 3-S cents sihce this dny
last year more than discounted the loss
Of 2GOO,OOO bales, az least between this
crop aud the lnst2 The stocks of Amer
icnn carried over on sept | last were
912OOO bales larger thnn the year be
fore, but ON Saturday last there was a.
loss as compared with lnst year Of Dill
600 bales, This loss is MALAY 10 this
country, as Liverpool had last Saturday
about the same stock ua last year aud
the continent considerably more In
other words, consumers have taken 30
much less than they should on would
but for the strike iu England aud other
causes on the continent and this country
as 10 have enabled them 10 Doe lndCprnd-
cut, Notwithstanding the serious deil-
cheney of this crop us compared with
last yenr which, up 90 Feb 2S, was p
10000 bales loss than last year There
are two conclusions, either splnncrH
stocks have bccn uudcr-estimatcd, or
consumption IA largely less thnn csti-
mated, and 60 show what tremendous
folly u Is ~ the South 10 riiso crops
over 100000 bales, we take the posi-.
ton that the world consumes annually
only about 1.JOOWO bales American,
but as stocks of American carried over
on Sept ] may be large, this next crop
must not exceed 1OOO,OOO bales, and
Texas must take the lead In ANNOUNCING
this and the other states viii follow
through organized Efforts that must
mean something other than windy reso-
lutiOus.
Every man must be- put on bis honor
10 faithfully carry out the provisions for
reducing the acreage, and II within the
next sixty days, and much sooner II
possible, Il H. known that the acreage
indicates 0.5OO,OOO bales, IL wa
give the South control Of tho
prices for years 60 come. They can then
dictate inxsnd of being ulhatrd 10.
This movement should be general and
patriotic because thc salvation ngrloul-
turully Of the South Is Involved. Now
we nsk what do tho people whom We
reach through this MEDIUM intend 90 Do
on this question: Bets are freely made
here by The same clement that Oiled Live
crpO0l aud Now York last autumn with
estimates Of S,OOO.UOO bales Tint mid
ding win sell here before sept ] a.
. cents. Ia other words the bears ARE
fixing prices IN thcr own minds al
ready for the next crop aud we would
Ike 70 know what the country thinks Of
ihntG
Liverpool closes l-Gi lower than last
night THIS market q lower Port re-
ceipfs 1000 bnlrs. against 10000 bales
last year Estimated for tomorrow here
1000 bales, against 5000 bales last year.
1900 bales az ull ports last yenr and
1900 bales IN 1870. ~ cotton goes
begging now On OWOOOO balls crop.
what win Il be worth with an s,5OO,OOl
bale crop.
Spots closed quiet; sales 100 bales
quotations unchanged,