Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-30
McPEAIS a co..,
Review OF the Situation in m. Ma
ket--Itcceivcd uy L.n.ed W..


review OF the Situation IN m. ~.
he'-heceivcd ny Leased Wire
Fort Worth. Dec. eb.--In fba,r to,,o.
say: N'V1 YAK * 20
OWlng to a decline 81 l-e4 in liver
pooi our markets opened easy. al about
,sst nights final. quickly followed Nv
decline Of some . points During
the last hour prices, under the inflence
u snort covering. became nrmer ana
ne market closed up 9 10 polnts from
me lowest. aud points above that az
lasl night, with firm tone
Spots in New York were also ulotea
| duh. - IVY WIRE
our adylcos from all over the cot
Ion belt indicate that the tempera-
ture mas been lower In number Of
! places tae past week, with snow at
some points in Tennessee, Arkansas
and Alabama. Aside from this ire
weather as a rule has been Favorable
tor the marketing Of The crop.
toFt receipts for today are osti.
mated at 4100O, against 4s.O57. Estl.
mated at Now Orleans for Monday
1900, possibly 2s,00O against $1,000
same day year ago.
| Liverpool spots Were unchanged, with
iVVV sales. Receipts, "a, 900, OF which
| S2,lQ0 were American.
AS regards the future outlook for
cotton. we sec but very little 10 en-
courage holders, except now ana then
| temporary reaction to be followed
/ py another and possibly greater de-
cline. OF course manipulation can ana
may bring about sudden and sharp
advances, but In the face OF the pres
ent large crop OF say g.500,OO0 bales.
with 2.225,OOO bales brought over from
last years crop, and in the face OF
the present trade conditions through
/ out the world. make the outlook any
thing but encouraging But this Is
] not what We deem the main feature
| in the present situation. ON wooden
and worsted yarns, the basis OF many
/ manufacturers, the Mckinley rate was
| li5 per cent; Wilson rate, 80 per
cent. Wool being free, yarns
can be made OF 1t ut n profit and
4 sold vastly cheaper than formerly al
though consisting no longer In part
/ OF cotton. The tax on knit goods un-
der the Mckinley act was 1876 per cent.
but under the new duty Of S5 per cent.
these goods must OF necessity be sold
at very grent reduction. On shawls.
the new act put u duty OF 90 per cent.
as against $50 per cent Imported WOOL
en- and worsted cloths, now paying LOS
TO 1853 on each dollars worth, will, af-
ter the first of January next, come IN
at n tax OF but 40 cents on the dol
lars worth. Hats, 10s per cent to
30 per cent flannels from 100 to SO;
balmorals 150 to 40 and 50 on through
the entire list OF woOlens, and must
OF necessity bring about great re-
duction In cotton goods. This change
Will doubtless be hailed with Joy by
the consumer. but 10 our people, who
devote their soil and labor to the rails
ing OF the great staple. 1t certainly
offers little announcement to them,
especially MS no rellet--lf deRired-can
be had within the next two years. We
trust. however, for the sake OF all,
that the view we take OF the situation
Is incorrect, and do not ask any one
to share II with us. They are simply
facts thrown out for the public to di-
gest
Grain.
The letter OF hanson Bros. & Co. to
n. G. Mcpeak & Co on the grain mar
lSet, says:
Chicago, H.. Dec. 2s.--The past week
has been discouraglng 10 holders or
wheat The export demand has proved
lighter than hoped fol. while the visi-
hle shows an increase OF $4,000 bushels,
with more than like Increase next
week. The mills are quite generally
shut down, as is their custom dis time
of the year for repairs, end great
many holders have become diseour-
AGED and sold out their wheat Not
Withstandlng this disbursement of
holders, and the confidence OF short
sellers. the decline is only about ]
cent per bushel, half of which was
recovered the latter part OF the session
today The sentiment on the open
ing OF the market today was weah,
Win a depressed appearance. and some
heavy liquidation was noted, but re-
norris of Il bulllsh character soon be-
ean 10 come In which caused decided
Enforcement In the general OUTLOOK
ana reaction OF about l-2c from
opening prices. quickly followed. II
was reported that all but one Of the
Argentine ports have been closed oW-
Ing to the prevalence OF cholera.
Shippers absorbed about Sbo'OOg pusn-
, els OF the offerings this morning, !,
was also noted that there We nss,' a.
buylng at Baltimore and other places
snnppsed to be for Immediate SNIP
,nent on foreign account The bal.
liz shipments have decreased 10 about
. Eo1 nb0 bushels. while those from IN
dia have decreased 10 almost noihinB'
The United Kingdom and continent,
a h estimated. Will require lsf,oVooyI
: hnsbels from some source, and u y
; unite evident the cheapest ara nss'
: wheat Is IN the Minneapolis Dulu.n
|, MA Shiearo elevators. We have every
aau to bellave the demand for nv
,vSest viii cause large buying for io,'
MN account and should our ylsl'
r nls change to reasonable decrease
:. s gr nrices may be looked for. yours
a truly. LAMsoN 49, '
q - ccoda Market.