Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-10-19
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MaFk1tC M me week
COTTON IS CORNERED

New York, Oct. 1S.-R. G. Dun &
Cos weekly review Of trade, which
issues tomorrow Will say:
The events of the week are promising
in nature. though the speculative mar
kets are not entirely encouraging. The
great advance in cotton had 50 dis
arranged exchange that shipments OF
gold was for a time suspended, but the
break in the markets indicates that the
natural movement Of the product may
soon be restored. The hating Of de-
maud and moderate yielding of prices
I'm the great industrial markets show
that q season OF reasonable attention
TO natural conditions has arrived and
gives hope that the future demand Will
be more nearly proportlonate to actual
consumption. Tho cotton market has
been partly cornered for early delivery
by a New orleans operator and his
followers as 1t has been twice in no
distant years by Liverpool speculat-
ors who ended in failure.
The estimate OF MIR. Neil. who has
been conSpcuously correct in judging
cotton crops, indicates a yield of $780,
900 bales, whore most spectators had
expected much less, and led many 10
realize the meaning of 100000 bales
brought over from last year. The act
ual receipts thus far are only II per
cent less than last year from a crop
OF 100000 bales. and fail TO support
low estimates, and apinners here and
! abroad with much unanimlty refrain
/ from buying largely at current quota
/ tons. Until the price recedes far
| enough TO bring out a liberal supply
I Of cotton bills there will be n posi-
bility Of gold shipments for other mer-
| chandlsc.
Exports are small from New York
| for two weeks, 10 per cent. less than
/ last year. with exports FOR two weeks
/ ut October - per cent. larger than last
| year In September dutiable imports
/ We're 5l2 for nine months; 54.3S per
! cent. larger than last year.
| Wheat does not 20 out freely, but
| attempts 10 advance prices on Mon
| day was followed by an immediate
decline. The Atlantic exports. -four in
! Cluded, have boon in the past three
weeks 4,5js4jj bushels, against 7,24S,-
/ III last year. and the big shipments
from Russia and of late from Argentina
show that the world is not yet obliged
to pay Atlantic prices for American
| wheat. Western receipts for the week
were remarkably large 1888, 900 bush
els and for three weeks. q .63s ,g77 bush
Ella, against 1901 POI last year
1 llt rush VI WHEAT Atl llt lnulket ana
the largest output of Hour ever known
at Minneapolis are not evidences Of a
great shortage In yield, but the price
has changed only an eighth for the
| week,
Corn is stronger without clear roa-
son, for while exports in three weeks
are 3,S2G,2S4 bushels against 4.237 .7Os
last year, they can at best dispose OF
only an insignificant fraction of the
great yield.
The iron industry is still largely en-.
gagged on old orders, but new bushes,
Is so scanty that many works are seek.
ing II Mt considerable concession In
prices. and II number OF contracts have
been made at $l.75 to 81. so for bridge
plates quoted at 10 to 90 cents
Quotations are not lower, though q
good order commands some discount
BIllets sell at $2l and rods ut SOS al
Pitssburg. Want Of business IN wir,
and wire nails continuing. Mills hay,
to compete in pig Iron and other pro
ducts with spectators who took larg,
quantities on advancing prices, an,
actual consumption Will not be fairly
measured until the effects of the specu
latlon nre out OF the way.
Textile manufacturers have stronl
markets for materials to support them
But scarcely any advance is seen THU
week in cotton goods, though the risl
for the month has averaged Al pc
cent, and there seems such a halt NJ
appeared a month ago in Iron pro
duets. The price OF some worsted hnl
been advanced because advance,
abroad. but 1t Is as questionable nj
, | ever how far the market can be hell
by domestic makers aud wooden man
ufacturers who have not only to fac
foreign competition. but an ospecin
tendency Of popular demand TOWARD
worsted fabrics.
sales OF wool were q. 200, 700 pound
a. fhpnsa alt4H lgat %
zoe, 500 In 1898. and greatly exceed act
uai consumption.
Failures for the week nave been %
In the United States against 1853 las
year and forty-siN In Canada agains
fo~ty-three last year.