The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-24

4
this valuable minere A company has
been organized to develop it.
| 1t is estimated that from $50 900 900 to
| 500, 0G0, 600 is invested in the iewelry trade
of the United States, exclusive of silver
ware.
The total catch of mackerel at all the
New England ports, including Boston, for
the season ending November l, was 32l 1876
barrels, against 240,96l last year.
The currant harvest in Greece this year
is very large-one of the best over known
for quantity and quality. Altogether, the
crop will weigh about 10, 600 tons.
The Department of Agriculture reports
the potato crop of the United States this
| year to be only about tws.thirds of the nv
erage annual yield.
The potato crop of Utah is excellent.
The yield was large and the quality very
superior.
Boston is receiving potatoes from New
Brunswick, Nova Scotia and Ireland.
There are more dogs than sheep in Massa-
chusetts.
-Four new Bessemer steel plants will be in
operation during the year--one in Colorado,
| one at Scranton Pennsylvania, one near
Pittsburg, and the South Chicago works.
| Besides this, the old plants are materially
increasing their capacity by introducing
| larger Conyerters, and several mills are
putting in rail trains to roll foreign blooms.
Commissioner Baird is going to furnish
| Tennessee with all the German carp she
wants.
There are fifteen sardine factories now
| running in Eastport, Maine, employing
| from eight hundred to one THOUSAND hands.
COTTON.
The receipts of cotton to-day were liberal,
being about four hundred and fifty bales.
| The market was weak and prices declined
| from an eighth to a quarter of cent. The
HERALD has reflected the true condition of
the crop and market, and while it has not
been directly interested it has not been in
undated from publishing facts as they
were presented. 1t may not be out of place
| to state here that from all the lights before
us we are constrained to believe that after
the holidays there will be an advance in
prices that will be maintained throughout
the season. But we do not believe that
the prices of cotton will assume to
the high figures now anticipated by many,
but will be in accordance with the demand
for manufactured goods, and will only be
such.as will remuncrate the manufacturers
for fabricating it into cloths. We have al
ways held that planters should sell when
ever they got fair price for their products
which justilies them in its production, and
whenever they hold for higher prices and
become spectators, they will encounter the
same disasters that beial the dealers in
futures, and reap the reward of their folly.
| Good Ordinary, .,,....,....o..,,........9
Low lludnhB ......,,,,,.........,9 "a
MluulliB ;;,''''''''. .'''., ...,,......... lO'4
Good middling. ,,.......................l OA
Mluohng iAlr OBSERVATION-DISCLOSURES. IL
In New York the market opened quiet
and nominally unchanged. 1t closed dull
middlings II l5-lG sales 50G.
New Orleans spots opened quiet; low
ordinary 81, ordinary 81, good ordinary 1Ol
! low middling II, middling liz; good mid
ding ll2, middling fair IA, fair l3l, Sales
| $500.
The Galveston market closed easy. mid
dlings ia. Sales 200 receipts 1 1877.
st. Louis closed quiet, middlings ~; re-
| ceipts Il ,34, shipments 1876. Sales / So
stock on hand 5S,Sl5.
In Liverpool spots were easier and frac-
| tional cheaper, The quotations were reduced
as follows; Mlddlings 6 DIG; Orleans,
| 9 ll-l6. Sales, 10000, of which S,4OO were
American; receipts only 400, of which 100
| were American.
The cotton movements battle the opinions
of every one interested in cotton, in view
of the reports of an unusual short crop
| The nett receipts at all the ports are 1885,
9O2 bales against l30,3lS the same day last
| year, showing an excess of30, 5A bales, The
exports to Great Britain were A, 575; France,
LA; continent, 2l,ll0; channel ports
none. The stock on hand
is Unexpectedly large, being S7S, 1853 bales,
against S9S,552 bales on the 26th of Noyem.
Der last year, when the yield of cotton was
the largest ever known in the country.
There is no doubt button the 26th of this
month it will be an excess of that of the
same time last year
| The season has been unusually favorable
for picking and marketing the crop, which
may in measure account for the large re-
ceipts at the ports, but there is lurking
suspicion in the minds Of many that the
crop will prove larger than any of the esti.
mates yet made it, and that there will be
enough and to spare to accommodate all the
demands of consumers, A few weeks more
will determine the true condition of affairs
and solve the problem of the demand and
supply of the great staple of the world
The Liverpool correspondent of the New
York Bulletin says the developments of the
| American crop movement are being anx-
iousy watched here, either for signs of in.
crease or indications of support OF the short
crop theories. Although the movement
still continues below last year, it is not sui.
fciently so in comparison to inspire "bullsm
with hope or depress "bcars" with misgiy.
ings. One point in the situation looks as
though 1t would shortly have some weight
In determining the course of the market,
and that is the short shipments from Amer.
lea, especially to Great Britain. Compared
with last year, the shipments to Europe
show falling off up to this morning of 100.
wv bales, and II Is more than probable that
this decrease will, during the ensuing three
months, be widenod out OF due proportion
TO the decrease in receipts. II Is
believed here that very severe "cornorp
will be experienced in New York dur
ing January, rs transactions in that posi.
ton already total over 100000 bales.
Those who have gone short will naturally
strain every nerve to break the CORNER"
by keeping large stocks In New York and
elsewhere for rendering against January
contracts, and thus an artificial range Of
prices for time will be established there
by the compel ition for cotton which would
Otherwise find its way across the Atlantic.
Already American values are above the
parity of values on this side, and further
enhancement would prove an eilcctual
check TO shipments. The c. /. f. and O per
cent business is suffering considerably
rom this cause and will during the next
few months probably fare still worse,
Holders OF the more liberal crop views nre
taking comfort from the increasing number
ofrcl oris received from the states of A second
growth having been started in September
by the copious rains which then fen. and
some of the authorities estimate tho In.
creased yield over previous prospects nj half
million bales on this account.
The consular reports on the cotton trndc
OF the world, published by tho ,statc M