Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1872-08-10
brilliant Gale Of No How Iaie Of Cot.
ton Galveston Iat Clean Ont Of
hlkht- AtO1 m Gold Dor pound

-T'~f~-
There il tfeai dol more iir md
hAfibonf nnoh our cotton men. II pefms,
That ~ credited fhtm riih,. and they are
not afraid 70 DO n liule fancy blddleg
ehsn Tie occasion seems IN demand ~
Yesterday tho new Tesas hale NJ col &.
tor received Ny Neasrs Afford, Veal q
20, was lppi up ~ auction according 10
previous notIrc. lion. Nathan Cole, by
requesi, nei4 hsnreiioueer. TIE bidding
vas started ~ 50c per pound, and ran
eloug M lively shryrock & Rowland,
Mnrmndnke & Brown, J D. Carson & Co,
and others participating Marmaiuke &
Brown slpek TO the bidding untl one-dol-
hrprt pound was r'ccllcd, thisbei ing their
last bid. Andy Mitchell, of ], II Carson s
Co, and president Of the Cotton Associa-
lioh, bid 81 05. After hammerlug on
this bid for some little time, md getting
no furIhtr response. Mr.. Cole knocked The
hnle down nj that. figure Mr.. Mitchell
Immediately determined TO make the bid
gold, which was cqlial 10 abont 81 I5i in
currency. This copplelely, whacks the
krst hale sold NJ Calves on, as7 will DO
seen bv tho following account Of the snlc,
clipped from New Orleans paper: So.
The fancy price Of o3c gold, per pound,
paid Tor Tin hrs' bale OF new cotton re.
ccived Mt Galveston must have hcen pre-.
dictated oil 'hc premium OF $500 offered
for the first bale By The 81 Louis Cotton
Association bale Of 400 ponds Mt 93c
gold is equal 10 about 1920 currency. n
the holder Of tho bale receives the $500
prize, and then sell nj the fancy price OF
25c per pound, he VIII rsceive $500, show
ing prtft on the Transaction of $780,
less transportation aud otter chnrges.--
Bni to secure this he hns 10 run some risks
had the weather been 81 ear and warm. he
might have been preceded by n bale from
Louisiana or Mississippi Three weeks ago
we heard or parties Mt Victshurg prepar.
ing To rush forward n bale of new crop,
and the planter who sontihe first bale to
this racket last year was about making
nm fort 10 take the honor and the price.
The showery' weather, however, has dis
PEELED their hopes, and we have heard of
nothing further from them on tbs subject.
We have little or no doubt that this Tex
as bhle from the Rio Grande will be tech
nicnlly entiitledto he St, Louis premium
if it be the first presented, but rather sus.
peci that in Offering The prize ou- enter
prsing friendship he river contemplated
cotton from some part Of the wi Q cotton
regionio The business Of which they aspire,
md did mot imagine they would fluid
competition for the prize from the borders
of Mexico
We we're not aware that tho Cotton AS
socin.ion had offered $500 for the frs, bale
OF cotton w hich should CONS to hand of
the new crop, but if this is. true, the pres
ent baleJwil yield not far short of 5, 900
to us lucky owner. However il is glory
enough to have shown TO cotton States, by
the above sale that ST. Louis cotton men
mean "bnsiness' from now on, AMI are
preparing to 20 for cotton trnde with
much more vigo' than heretofore. Car
son s. Co having done liberal and time
" thing in paying so handsome n price
for the first new bale of cotton. and they
will acquire fame through Texas and tho
South which will coin them o gold eagle
for every gold dollar it will cost thcm.-
Missouri democrat.