The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-02
COTTON

The receipts to-day were fair, amounting
to about three hundred bales. Prices were
firm, although our quotations are UNI
changel.
Good Ordinary ..,,............,,....... ga
Low mlddlmg ...,.,.. Observation-Disclosures. lOA
Mluuilhg ;;,'''..'s'', '''',''.'''.'''' IVA
midolng ialr ,.,....,,,',,'''''""'',l ia
In New York spots opened quiet, but
were firm during the day and closed a six
teenth higher. The following are revised
quotations; Ordinary, %; good ordi-
ding, u Lie; good midding
II 7-I6, middlings fair 10 3,l6, fair 10 dig
Sales 93G,
New Orleans opened firm and closed active
and firm, middlings II -, sales 1880
Galveston closed quiet, middlings II IL,
receipts 2,70l.
st, Louis closed firm, middlngs II So.
Sales 2,Bll, shipments 2,91O, stock on hand
Is, 796 bales.
The cotton market in Liverpool is quoted
active and firm, middling & ll.l6, Orleans
1916, low middling 6 0-lG, good ordinary
ZIG, ordinary 81, which is u sixteenth ad-
vance over last reports. Receipts $3.50 of
which 5000 were American. Sales 1900.
VI MlllOl lttbOb WtIG AlltTlCuli1 anu
for expectation.
The cotton movement shows the net re-
ceipts at all the ports to be 169,6il, against
l60, 444 the same day last year, which shows
an excess this year of l97 bales over
last year. Exports to Great Britain, y G5.;
France, 9,495; continent, 1858; channcl
ports, none. Stock on hand. H6, GA against
JO3OO last year. 1t would seem from the
reports so far that the shortage on the cot
ton crop in this country will not be as large
as many have predicted it would be.
And now colnes the New Orleans Demo
crat, which ha' been regarded as "bull'
organ, with estimates of the cotton crop of
lSSl-2. 1t puts it as follows, n little above
the least of all the estimates:
The movement of the crop of 1881 is
somewhat like those of 1876 and 1879 In
1876 one-half of the port receipts had ar
rived at the ports on December s, and in
1879, on December 10. As the facilities for
moving the crop in the Southwest have
been greatly increased In the past two
years, and as the weather thus far has IA
yored rapid movement it seems reasona-
BILE to conclude that one-half of the port
receipts of the crop of 1881 will arrive
at the ports earlier than in either of
those years, and earlier than in any
previous year, but if only equal to 1876 the
crop of 1881 will be about 100000 bales.
Port receipts thus far this season are 2,ll0,-
900, and if we add for next two days 75.-
900, and for first eight days of December
10000, and allow fol increased Southern
consumption over last season 10000, and
for increased shipments overland to mills
ever last season $1,000, we have the follow
ing comparisons:
1867 1882.
One-half of Port receipts
Total Port receipts for
season .;;.............., 4OatOOO 4,SoOOoO
Add Southern oonsump-
Add overland to mills
and Canada, $4,000 500, 900
lolhI CROPS .....'..,,,.. IlfO,UOO bVO,WO
Ellison's last circular which embraces the
cotton movement up to October 3lst, says
the stock in the mills at that date are
about $4,000 bales, against $4,000 last
season, including $4,000, against 5000
bales sent overland. The surplus stock at
the mills on September LIST was about ~
600 bales, against $4,000 year previously,
thus giving total supply of 42l 900 bales,
against 363, 900, or an increase of6S 900 bales
The rate of consumption is probably 300
bales per week more than it was last season,
say 10000 bales for the two months. In
this case American spinners hold 5000
bales more to-day than they did twelve
months ago. 1t further states that the
surplus stocks in the mills are, therefore
about Odd 900 bales for all Europe, against
$4,000 twelve months ago-showing an ex-
cess OF l63, 900 bales, of which, 1900 are in
Great Britain and 10000 on the continent.
AS stated in previous reports the con-
tinental surplus stocks include the cotton
held at sundry small ports and at interior
depots not enumerated in our tables From
Macon, Georgia, we learn that the second
growth of the cotton crop has taken place
in Washington county, and it is esti-
mated that it will add at least $780,
900 to the cotton crop of that county.
The Financial Chronicle states the excess
in the visible supply in all quarters as
compared with last year, ut l45, 432 bales
and the excess in American cotton at 10
obs bales. The plantation receipts last
week were 4l ,02l bales, against 2l0 IN bales
in the corresponding week of 1880, and 2Di,-
oSI bales in the corresponding week of 1879
The expression that Cotton is King"
originated by Senator Hammond, of South
Corolina, in speech in the United States
Senate, on March 4,lS5S, in which he said
mo, you dare not make war on cotton. No
power on earth dares tomake war upon cot
ton. Cotton is King Until lately the
Bank of England was king, but tried to put
her screws, us usual, the fall before last, on
the cotton crop, and was utterly van
pushed. The last power has been con-
quered. Who can doubt, that has looked
at recent events, that cotton is supreme?"