The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-12-29

| cembcr / they held only A,0u bnlesi .CuIl
finental aplnners also increased tier hold
| ings during the month Of November IRON
| fil,O00 bales ON November 70 lsS,0OO. o.
December 1. Last year they held on Dc
cember only 10000 bales or less than on
weeks requirements, for consumption III
comparatively independent position o
European spinners enables them In q meas
IRE 10 csntrol the course of the market, ant
they have evidently used their power L
some considerable effect during the pas
week.
The st. Louis Republican Of the 18th
says: Among the prominent visitors on I'M
floor of the st. Louis Cotton Exchange Sat
urday was Mr.. John Martin, Of Paris
Texas. He is quite an extensive buyer. o
the staple, and says constitutionally he Is
"bear," but does not affiliate as much Will
that side Of the house as he did. III
takes rather a different view from
some others as to the amount
of cotton now in the hands o.
the shippers in Texas at, the prin
cipal towns and cities along the leading
deal of cotton is being held at Dallas, For
Worth, Gainesville, Paris, and other places
The holders have been carefully. watching
the markets and believe in higher price:
and will not send their cotton to market
until they are forced to do so.
According to the last monthly report Of
the National Cotton Exchange'of America
the takings Of cotton by northern spinners
during the months of September, October
554, 1856 bales during the same months OF
1880. The shipments overland direct to
mills north and east of the Ohio and Mlssis-
Esippi rivers during the same time were
1907 bales and 17S, 1l9 bales for 1881 and
1880, respectively. The increase OF total
takings for the first three months OF the
crop year vas 50, 053 bales, or 80 per cent;
LIvERpooL, December 1G.-This week $
circular of the Liverpool Cotton Brokers
Association says: Cotton was in comparr-
atively limited demand and although
freely offered prices were generally steady.
American was in limited request at previ-
Gus weeks quotations. Sea Island was in
moderate demand at unchanged rates.
: LONDON, December 16.-The Manchester
Guardian, in its commercial article this
morning, says. There is very little bust
ness in any department; the tone is dull,
owing to continued inactivity in Indian and
China markets, and purchases having. dur
ing the past two months, largely antlcipa-
ted wants, and the uncertainty in regard to
the future course of the prices. of cotton.
Manchester does not believe in an Ameri-
can crop of less than 6 600 GOO bales.
One of the features Of the Atlanta expo
sition has been the practical testing OF the
different varieties of cotton, to discover
which was the most prolific. To this end
several small patches within The grounds
we're devoted to different species of seed,
and carefully cultivated. These cotton
patches have been all picked and the cotton
weighed. Mr.. NJ. a. Hardin won the prize,
producing COG pounds of cotton. The seed
he planted was what is known as Duncan
Mammoth Prolific. The seed was at once
sold at So bushel.
The exchanges in New York and New
Orleans will close ON December 18th and
January "a: in Galveston the exchange will
close on Decem Der 24th, 18th, 3lst and Jan
uary I'd, and in Chicago from O'Clock p.
m. Of the 23d of December until the 9th.
The Financial Chronicle Is beginning to
whip around on the yield of cotton, and. is
now trimming its sails for larger ,produc-
ton than any of its estimates would lndl-
cate. 1t starts out with the visible supply
giving it as 2,S27, s66 bales against 2,60e CHS
the same time last year., 1t gives the re-
ceipts at the interior markets last Saturday
at l5t ,555 bales against l69lV bales ths
preceding week, and 1oS,G6S bales IN the
corresponding week OF last year; IN com
menting on the above, it says But from
what we now give it is easy TO see that the
yield must be quite uneven. Take Nsrth
Carolina as an illustration. The rainfall In
July and August this summer at Green's
boro. North Carolina, was only forty hum
dred.hs of one inch each of those months,
while the thermometer averaged two de-
grees higher than for the same months OF
iSSO. On the other hand, at Wilmington,
of the same State, there was plenty OF ram.
Again in Tennessee, in the same months,
the rain was very short everywhere and the
temperature was high; while at Mount Ida,
Arkansas, in August and July together
only one inch and five-hundredths fell, al
though at Little Rock there was rain
enough apparently to keep cotton alive.
with such conditions existinglhad not
spring. il must have died absolutely at the
points of least rainfall and lost substan-
TALLY all its fruit. One can readily under
stand, therefore, and fully believe the re-
ports from such sections OF largely de-
creased yield and of no top crop, although
we never had a better season for growing
one. Furthermore, it is also presumably
from the records and confirmed by outside
reports that the rains of the past summer
were everywhere remarkably local in their
nature, while the temperature was high
and b nee that in each State the
crop lis short in spots, in some
cases even adjoining plantations
showing quite different results. On the
other hand, bottom lands have, as gem
eral rule, produced well; many instances
are reported where growth has never stop
ped through the season, and in very con-
siderable portion of the South there has
been a good lop crop, as A. As called, Sc
cured.
TurRE is a new cotton press on exhibition
at Atlanta and should II meet.with favor
and come into use 1t will be necessary TO
change the size and shape Of the cotton
bale. The new bale is 10 be l2xl5xSO and
contains l25 pounds. This shape and sue,
il is contended, is very much more easily
handled. more capable Of being compactly
stored, is not as much soiled by being
rolled in the mud. IL iscovered by three
bushel burlap bag, which will sell as a bag
for more than ii costs by the pound. The
cotton is run through the press In layers,
pressed and tied with wires, and the ordinary
lies are dispensed with, the bag being sewed
or tied up with twine. IL is a very solid
and compact little bale, and no further
compresting would be necessary, as Il Is
contended greater weight Of cotton thus
baled-can be put into car than Of com
Al Wsxshachie over Is 800 bales Of cotton
have been shipped to date. Receipts nearly
1000. and the cotton still comes in.
The st. Lofts Republican says. slthesg
the showing Of cotton I'm sight sppesrh
heavy and there seems 10 be Q greater desire
tocanvassfhs situation abroad more closely,
the najority'of the crop estimates are grad
uslly narrowing and consumption ls pro
gressing actively at home, nswell ~ abroad.
But taking general view Of the situation,
the Opinions with regard TO the crops, a.
veil as the future Of prices, appear widely
DIVERGENT. even IN the same campo.
Tn TACT. the market could be best
DESCRIBED a. being on a see-say. with heavy
sliding weights attached, ready 10 slip 70
one end on Tie other, according 20 cifcuin-
TIE Rusk Times says Up 70 Saturday
evening. tbe 18th inst.. there han becn
shipped from HCudcrspu II ,lsj bales a cot
ton with at leust .o0J bales on the plat
fDrn and yards that have yet not been re-
ceired. and still the staple rolls in.
Ircnfur fri1unc; The cotton in Wise
rolmfv. ,s6 lesrI,. Ia. n1i 4il been nifr<eied.
Ca OR rf.ur-i fsil. Irlr I1Tf World Iut--
lrr -rf nirt Ea-.ifil- frl.rr wise cyrin'4 Win
a,..r. dian - bale. Erii i-fInrrs Inform D.