The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-13

GOOD ordinary, Observation-Disclosures. VI
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The following from the Chicago Times re-
| sardins the future of grain and pork applies
to cotton as well. 1t says the wise men on
the board of trade confess themselves to be
in q quandary The street isfull ofprophets,
but it is noticeable that the men who have
made money on Change have very little to
say. If they are Intercepted as to the
prospects, they throw up 10th hands and
ask for an easier question. 81. never
saw so much Ignorance among the know
| ing ones before, for years" said veteran
pork-packer "They know there is a short
crop of hogs, short crop of wheat and
short crop of corn. They know also that
prices are from 20 to 40 per cent. higher
than they were this time last year, and they
can not make up their minds whether
prices ought to go higher or whether the
market has not already been discounted
and over-played. Everything is in
q state of delightful uncer-
certainty. The hog crop will not reach 10
per cent. OF last years supply, and it
may not so aboye70 ercent. Packers, how
ever, are timid, and are disposing of their
product as fast as 1t is made. Pork and
a.
in the South and North for actual con-
sumption There is very little shipping de-
mand for wheat, but that may be because
Wall street is bearing the cereal at the
other end below its real value. 1t does not
follow that because the market is against
our shippers that we are too high. AL
ready there is a prospect OF an increased
export demand directly from Chicago.
They say corn is too high, yet it is fact
that we are shipping corn into the South
Tor consumptive purposes. | would like to
be o bull, but | am afraid the future has
been discounted to death already. If you
can find me guide will do the handsome
thing by you, but he must give me an in
surance on all the money invested"
The 81. Louis Republican says, referring
to the cotton deal, an operator said yester-
day: ut is simply matter of spscula-
tion until late in January, when the extent
OF the crop is known. The Mississippi Val
icy has not promised very well since the
dry weather in September, and it seems
doubtful II estimates of G, $50, 600 to $500, 900
are justified. / should say that the current
estimate is 5,750,000, with occasional
guesses of 8, 50O0 900, and it is beyond doubt
that the crop will be better in quality than
last year. A curious fact is that the New
York market is higher than Liverpool. 1t
seems that a speculative mania is taking
hold, and cotton being favorite article, at
tracts outsiders
In the item Of cotton, the decrease in e1-
ports from this country for the month OF
November must amount to nearly 5000
zoo For the reported exports were only
45S ,oS9 bales last month, against 55s522 in
November, 1850, and the bales averaged
lighter in weight this year by
ABOUT 10 pounds each. The
corn commission houses are an
noyed by the condition of the market,
which does not permit them TO advise either
purchases or sales. II is generally thought
that this state of things will continue
long, as the clique can make money worth
l-l6 any afternoon, - $3.50
In New York the market opened weak,
and was dull during the day closing steady
Al former prices, middlings IL 1916. Sales
7A bales.
The New Orleans market opened quiet
1900.
The market closed steady in Galveston.
Middlings. 1T; receipts, 1909; sales, ESQ
In st. Louis the market closed dull Mid. |
dlings, liz; receipts, 1876 sales, 2,2l7; ship.
ments, 4, 1863; stock on hand, 75,i72.
There was only moderate enquiry in
Liverpool, which was freely supplied. |
There was no change in prices. Middlings,
9 DIG; Orleans, ll-l6; receipts, 2l5; sales,
5000 of which 1000 were for expectation.
:, The cotton movement of the country
shows the nett receipts to be S0,45i against |
sob the same day last year, an exces IS
of 4 1859 bales The exports to Great Brit
tain were 1850; France 9,2OS; continent
o,i0l. The stock on hand at all the ports !
was l,0a ,0II against W0,505 the same day |
last year, ll2,i72 bales in excess of year
ago.