The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-11


japanese silk merchants have formed q
guild called The United Silk Warehouse
Company which has established rule:
and regulations for the sale Of silk These
are very obnoxious to the foreign dealers
and they refuse to submit to them,
Pocans are arriving in Victoria freely
and are selling ut $3.50 to $2.75 per bu.hel
There are six turnips on exhibition at the
Office of the Oregon Improvement company
Colfax, w. T., that weigh in aggregate l62
pounds. The largest of the six weigh.
twenty-five pounds.
Wrapping paper has been advancing.
! The short water which has prevailed in
New England, New York and Pennsylva-
mia has greatly reduced the production
many mills being either entirely closed, or
being run on reduced time and, as the
consumption has been brisk, the stocks of
the trade had become quite short. Manila
wrapping papers have been advanced about
| ! cent during the month, and some of the
| cheaper grades have been advanced / cent.
Twenty-Five million pounds of paper are
produced every year
| 1t is estimated that the recent overflow
of the Mississippi has caused damages, be-
! tween keOkuk, Iowa, and Lewiston, Mo,
amounting to 100000.
COTTON.
The receipts were light on account of
rain and bad roads. There was no ae-
| tivity in the market and prices unchanged.
ToUu UIHIinr! Observation-Disclosures
WiGdljng ''''''''''''''' CITES n
Coed middling i6if
Midn,ing fair ACKNOWLEDGEMENTS. II
EDITOR HERALD, with other gentle
men interested u cotton, would like TO
have your views of the future market
Heretofore my opinions have not conceded
with yours but 1t seems yOu have "out
guessed me. | want to see if you will be
as accurate in the future as IN the past
CoTroN.
We give place to the above for two rea-
sons, first, because it is from an esteemed
| friend, and second because our friend has
been and still is an inyetcratc "bull" on
cotton, and thinks any one that don't agree
| with him "bear, and we give him a re-
| spcctful answer
| In the first place wo will state that we
| have no views to express now more than
we have had in the past. Whatever has ap-
| pcarcd in these columns has been com
piled from the most accurate data obtaina-
BILE. We have believed all along that cot
ton would not advance much before the
holidays, because before that time the true
condition of the crop Of the country and
the probable yield would not he attatnable.
And, again, from the most reliable sources
of information at hand We do not believe
the crop OF the world this season
will fall much if any below
the demands of consumers In seasons Of
drOuth the damage is always overrated, rs
ii is when crops are attacked by worms. In
some localities the injury done the crop.
from either cause is greater than in others
but at the end of the season, take the coun
try over, the crop turns out much better
than any of the estimates foreshadowed
SO We believe 1t may be this year. And
while we are assured the yield this wear
will fall short OF lSS0-l, we must take into
account the increased acreage, and the un-
! precedented yield in India and also in
| Egypt, BY referring TO the receipts at
| Liverpool 1t will be seen that the per cent
age of the foreign crops this wear is larger
| than any previous one. Now, from all these
! lights before us we make up our reports.
and give them for Just what they are worth
| Our friend is mistaken when he saws we
have "out-gucssed" him. We have neither
guessed or predicted anything in regard to
the crop. We have said, and we still be.
licyo that cotton may advance sometime
before the season Closes but we can
see nothing TO justify the opinion
| that it would pay to hold il in store and in
cur all the expense it would involve to do
so. Ten cents is not an unreasonable basis
to place cotton upon. 1t pays the producer
to cultivate il at that price and iustifcs the
consumer to manufacture 1t. When ii gets
much above or below that price il may en-
tail loss to either the one or the other.
and the planter will cease to cultivate il or
the consumer will no longer weave il into
| fabrics. This seems to be a plain common
sense view of the case, and we give h ne
such without expressing any opinion or
making any predictions.
There is another valid reason why cotton
should not be held at hi. time In The
south. Our merchants have bought henyi-
~ to supply the wants of the producers
with the expectation of paving for their
purchases out of the proceeds Of the cron
and 10 withhold from merchants the only
means they can look TO 10 nouidotc their
liabilities might innict upon Them serinns
disaster and the merchants interest SbonI6
not be disregarded for il is To him the Man.
ter looks for supplies while his cron. are
growing and when his need is The grcptcst
The probable Weld of the coiton cron of
1882 still troubles the srccuiniors 4
"bulln writing toa New York nnnrr saws,
Our bear operntors talk conBacptiv ~ n
q, 900 900 bale crop. DO thew iorrct tTot we
never made but one crop Of thai si2e since
we were n nation An nrivota icttors g.,