The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-12-22

THE receipts to-day were light, only
about seventy bales were received at the
congresses. This is owing to the bad con-
tition of the roads. Prices were very firm
at quotations.:
Good Ordinary ,9 S
Low middl1ng ......'''.'''''''.''' ~ 9
Middnng ;;a...'.'..'.' '''''''''''''''''' II IL
Coed middling. .......''...'.'..''' $50 - "
The Courier-Journal says the Depart
ment of Agriculture has not promulgated
an estimate of the cotton crop and doubts
the authenticity Of what has been circulated
through the papers as the result of the estl-
mate of the Department statistician, as 1t
does not appear that it is given out on relia-
bic authority. Every one who has endeay-
ored to thoroughly acqualnt himself with
the true condition Of the crop VIII agree
with the Courier-J ournal in this, tor there
can be no doubt that the crop will prove
largely above any estimate yet published
ON what is asserted as reports from reliable
correspondents. From the following it will
be seen that the decrease has already
been modified from 40 per cent.
! to % %, and only about 10000
bales less than in 1879. When true knowl,
edge of the yield is acquired 1T may be found
to exceed that OF 1879. The Courler-Jourr-
nal says: 1.-The cotton crop of 1851 is estl-
mated by the Department of Agriculture
to he sic. $3.50 900 pounds. The crop of 1880
was 8 2Ol SAC, 100 pounds, and the decrease
is 20 80 per cent. The crop OF 1879 as re-
ported by the census, was 2,36! ,86O,OUO
bounds. from Il, 595 GOO acres, while the
Slightly smaller crop of 1881 is from 10, 539,
900 acres the average yield per acre falling
in these years from 1873 to l5A pounds. Ihe
decrease in this crop is larger IN proportion
than that of wheat 10 per cent? and little
larger than that in corn (257 per cent? =,
In connection with the above, we feel
safe in saving that the yield of cotton in
North Texas this season will not be to eX-
coed twenty per cent below that OF last
wear, and many well-informed gentlemen
think that this estimate of the decrease Is
much too great. And we further assert
that the crop is not about marketed, as
many believe, but that there are large
quantities vet in the hands of the planters
Waiting higher prices. This is the iniorma.
ton derived from not few, but many OF
our most reliable planters living in all dl-
rections from this city.
Smith, Edwards & Co.'S liverpool Circu-
lar for November says "We well remem-
Der the gigantic mistakes made at TINS tlnle
last year aud indeed for two or three pre-
yious wears. AT this time last year o, 100,
600 was the favorite Southern estimate, ana
the actual result was 6.600,00U, but 1t does
not follow that the mistake will always be
i'm one direction. We could not venture
with the light now before us to predict with
any confidence full-sized crop. We fear
a considerable deficiency is more than
likely. The bureau reports nave Desii eA-
tremely bad for some months; the last re
turn works out $4,000 to $500, 900. IL is
Il is very bad guide, but after making all
allowances for this. 1t is difficult to believe
In more than 6,OO0,0VO, with the lght
now before us.
1.-THE question is how far do present prices
discount the unfavorable aspect OF the CROP
Our impression is that there Is not much
room for further rise of a legitimate kind,
even with crop Of 6oOo,eni ne y ppieces "a o.
which is equal to the I'd for the autumn
months, and this is a high price for cotton,
with the almost certainty of a much larger
crop to follow; but If the crop falls short oil
@ GOO 600 we should think that American
speculation, which is so rampant this year,
would carry prices still higher. There IS
the additional risk of attempted matipula-
ton of the market should the supply be SO
small as to leave stocks in thee autumn
light.
awe are glad to haveto report that the ac-
counts Of the Bombay crop are very favor
able and a considerable increase OF ship
ments is expected next year. Egypt prom
ises only moderate crop. Taking our cot
ton supply as a whole, there Is no reason 10
apprehcnd real scarcity, aud II prices are
forced up further II viii be more rom
speculation than from wcll-grounded rea-
sons"
New York spots opened -niet and frTu
and clOssA firm at former prices, faiddlinEs
u cents. IL vas generally beid hiEiieIi
sales ~ bales.
Ia Nrw Orleans ti.e market c.o-cd frm
aud unchanged, niii-i.nEs IA ssies
1000. -.
The Galveston market closed finn. mid
nings ~: receipts l.5s5; sales 100
81. Louis closed firm, middhugs II J; re-
,eipts 5,O77; sales 2,517; shipments z,Cs5i
stock on hand S0.G84.
Tire cotton movement shows the nett
receipts 81 ell the ports to be D,8l5- against
f2l. 3f3 for the corresponding time ISL
car. a decrease Of ~, 80 bales. The OK
Dorts to Great Britain were ..j,o47; conti-
cent 3 98s: France 21.51s. Tie stock on
hand was .0Se, 792, against 90, 40 the same
line last year, showing an excess This year
ne r T'iverrooi market was frm at an nd-
~auce of a sixteenth. middlings 6 ll-l6
orleans 1916. Sales 1000, Of which
l,9o were American. and 1000 for eKI,orta-
lion.
Depar,ment Of Agriculture reports
|1rf fle,t1nd ton u the cotton rr1n. ~ r.
-.rI~fr1 u the 1eunrfueut.is lower than IN
m season since $50. The general average
- the condition In Oci0ter, which VIA
.-rtsir Limitations. nsor1s The best indIca- /
ion n tie ultIn1ie r-sduct vas g.. Ire /
.a1rrsf nrrronch 70 this figure in ffern /
-rrrs Vas n he sbori GRIP year II l57f |
ellen the nrlfara uns z In June and
Tnlr flIr GRIP ras within I've p0ir<s q the /
; n1dard LAS year, Ehsn ssFs1e and gen