The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1877-02-10

| N,lO
After January ~, II crop
OF NOO""."'..,"."..'" l,Ho,0oo- s,ls2,oOO
Redu elton In supply OF American
and more or less Nc the crop shall bs less
| or more than aN0,00O bales.
Assuming our crop 10 be 100000
bales ~ above, that the Egyptian crop
ia 81, 900 bales less, and that supply to
Europe from Iudia will be 200, 900 bal,s
less than last year = this last item be-
what India will turn out under the In
tluence OF price they reduce
the supply of the season 4l9, 900 bales,
compared with 1853, the deficiency
Of supply being felt chiefly In Europe,
the effect on price, everywhere. There
Ia believed to DO a material falling off
this season IN the average weights Of
bales. It's average OF the whole crop
In, OF course, not yet known, but COM
PARSONS of the first half of the crop at
various points indicate that II will ex-
coed ten pounds per bale on the whole.
Al that rate the l0ss would amount to
100 OOO bales Of 45O pounds each; call
II ~ 900 bales.
Al above said, the supply Excluding
DID etoots) Tor THO season In the world
appears to be 10000 bales less than
in 1886, on the crop figures assumed.
The difference In weights raises the
loss to sou, 900 beles.
Consumption In the United States
has lately been reduced by short
water; vet, under the known tendency
to the production Of a heavier average
Of goods than In past years, and the
Improvement In business, the
quantity OF raw cotton used aud to be
used this season will probably exceed
that OF 1855. when there was sOmo
loss by short time ana strikes, az well
as by the general encouragement Of
business. Consumption In England In
1866 was reduced by some short time
and stopping old mills lat Oldham,
etn). There Is no apparent probability
Oi short time this season, or OF any
hindranee to the highest production
use In Great Britain of heavy stuffing
Of finished cloth IL reduced or aban-
doped, and the piece weights OF the
cloth kept up by an increase OF cotton
In It, by lower count Of yam, or more
thread, or both. Therefore, sensible
increase in the consumption In Eng
land il to be expected. The consump-
ton on the continent ought to show It's
usual annual rate Of increase.
On the foregoing premises the COD.
sumption should increase In Great
Britain 100000 pounds; the Contl-
men, sc, 0OO, 900 pounds; United States,
4, 000, 900 pounds-in all l60,0OO,00O
pounds, equal to $4,000 hales OF 400
pounds each. THE average Of Euro
penn supply last season WAS about 403
pounds per bale.)
On the assumptions We have now
stated, which every one Interested In
the cotton trade or manufacture should
scrutinize closely before accepting, the
seasons supply OF cotton exclusive OF
s,ocks) promises TO come short OF that
In 1S75-7G by SOC, 900 bales, and the con-
sumption to be- Increased by $4,000
bales making together q difference Of
y75. 900 bales, which, II used, must DO
drawn from the stocks. The stocks In
! Europe, October l, according to ELL
Bales.
In ports visible. Encouragement. l,l6S,OO0
| surplus NJ lniilH liuNibibleI
say Continent ................ ]20,VOO
| Surplus MT mills Qnvisible),
say Grea' j itain ...,..".;.... D,QO0- 10000
In United States pc to there were
september i.."""""" -.-.-..".... 100000
Total stocks AZ beginning Of sea-
.-..". li3SVV
The conclusion OF the whole matter
| IL, therefore, that II the above deficit
OF $4,000 bales Is made good out OF
last years. stock, II must reduce II,
October l next, to 563, 600 bales In Eu-
rope and America. IL 1t possible 30
far to reduce the stocks of cotton at
the end Of the season? Whenever
such facts 10 the atove--if they shall
be facts--come to be recognized as
such, will not prices necessarily adj
vance 80 lar az to heck consumption
especially should our crop turn out TO
be less than we have assumed?