The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-04-02

COrTuN hTAThhhNI'
For week cndlng April |, 1881
Stock on hand sept. st.,........,., 22O
Received this week ,.".,..,..,..'., ysl
previously. .,,......,...,1l,l 0o
90 since sept lit....,..,,..,. Al ,i4o
Total .........,............,,. 81 ,GGG
Shipped thls week. ........,.,,,., 1902
Z" since sept. .....,.... sS,5lS
stock on hand. .............. s,l5a
There was u moderate demand,
niiuu,ine "a
Low MlOdllng.. ....,......,.,,...,..,,...,. Sd
Ellison a Co... March circular, sued form
Liverpool this week, states THAT although
there Is a wide difference of opinion respect
Ing the probable supply OF American cotton
for the balance OF the season, the tendency Of
public Of inion during tue past month hat un-
mist snhly been In toe direction Of increased
estimates. This change has been produced by
tho conliDued larse reeell ia NJ the portsi the
outcome partly Of cotton previously kept
back, owing to bad roads, aud pattly OF cotton
gatne~od liter the cessation OF the stormy
Vnaireg Even yet IL IL too early 10 lay any
lliine po'i i've on the points but at tina mo.
nqn II soens nratty clear that tua estimated
incrcs la aof gage last e0Gson (and for several
Previous keasona) waa much TO small.
.Wo never attached much ,mportance
90 the h S,e 1 ma oa i h%wo9 Ssa u %SGGsr
jury 1t might do In respect Of quality. As q
matter OF fact, 10 bales of clear cotton OF
ngivon average weight, mixed with coil and
leaf, would piohabiy make II OF 10 bales OF
dirty cotton Ut the same Nv rasO weight, and
s0swtll the apparent size of the crop, II there
had beon an early frost, II would hayo beer u
different matteri but the frost was really late
anti then not universally severe. Tho ques.
tlon ot The quality OF tha crop viii no ubt
Come IN 70 plny later on In TN scasOn, hut for
the imme, Ngte future the ohoioe NJ clean cot
ton nromis 10 DO suilltlcl anundlnt 10
moot the reanl ~nenl9 OF consumers without
materially ailectl. foyorI,a cr,n estimates
s smu Janntfy iast tn >sl q OpO 0on naics. win
nj the clnaa 90 al, ,2o,Vyu vi, a leaning towards
H. ~ osps, OF tlis pori, who held this Vlaw
she larger figure. Those NSr ths iincuaiI0ns
ssapeoted mat, In the cours. futures mighy
IN Prices, distant colt II 6ad.,
s sna to e. oSG sd, and uear >Iid bring
III buyers but as The mt 200, GOO to
crop estimates now range frn,n o. ,course
b,.Ol0oJ, views as To the most probabl, saod-
~ prices have naturally nndoWone somt Mat
aad tho prevalent belief now Is NJ
below the prices just named W 81
have 10 be touched before buyers are tempte,.
TO resume OF erstions. Hence the weakness
which has come over the market during the
past few days, after u month of persistent
steadiness In the face OF adyerse circumstan-
res. At tho moment, the prevalent INCLINATION
Is TO to take an unfavorable view of tho out
look, ana 10 expect continued decline IN
prices; Vt IA said that tho visible supply of cot
ION Ia nearly 100000 bales larger than II was at
snis time last year; that the American re-
reipts will continue To exceed those of
last season; that by-and-by tho new crop
will cast its shadow before; and that At
some time during the summer the stock
in Liverpool may exceed 10000 bales.
Those VINO take u moro hopelul view say that
though he Visible supply $500. 0OObsles larger
than II was last year, tho stocks at the mills
ara smaller, while the rate " consumption Ia
considerably creator; they attach lltue I'M
porlance to tue American receipts from this
date forward. ns any Increase In quantity VIII,
they say, no couuterhal9nced by Increased
waste In spanning; while, as to tho new crop, |
they contend that IL is just % likely that 1t |
will have bad start as GOOD one. Finally, |
they point {, the fact that tho present price 4 |
middllng uplsnd--6 3 l0l.-is lSl6d. below |
the average OF Inst season, and about tho same
ma the average o. the previous three Seasons, |
when trade throughout the world was bad. |
A eentiment and feeling have as much in-
flueuoo q, facts and atatistical calculations In
producing ilucmstions In values, we leave our
readers 10 draw their own conclusions from
the foregoing statement OF the present situation
OF the market