The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-22

Good middlng ........................ II
Mdodng fair........... ....... -...,........ llh
The cotton market in Liverpool was
steady, middlings 6 ll-l6; Orleans 6 1916.
The receipts were 600 bales; sales 10000, of
which G, $50 were American.
In New York the market opened quiet,
remained so during the day and closed quiet.
Middlings, u cents sales, $40 bales
New Orleans opened and closed quiet.
Mddlings, lls; sales, 2,2j0.
Galveston closed firm. Middling, III;
sales, 49, receipts, 2,70S.
St. Louis closed firm. Aiddling, III; re-
ceipts, 1867; sales, l,5l9; shipments, $3.50;
stock on hand, So, 2i3.
The following is interesting, as 1t shows
the stocks of raw Gotten in hands of Euro
pean spinners AZ compared with last year
Ii is taken from Ellison's last report The
consumption Of cotton by the British spin
nsrs ia November was at the rate of 10000
bales of 400 lbs. each per week, which is the
same rs IN October, against 60 900 last year,
according to revised figures. On the CONT
nent the consumption in November was
26l 600 balss, which, if we count forty.one
weeks, makes 5000 bales per week, the
same rs in October, against "a 900 last year.
This makes the total European consump.
ton from Octoberl TO December |, 1858, 900
bales, or l2S,0O0 bales per week against
0oO,OOO, or 10000 bales per week, last year.
British spinners increased their surplus
stock from l,0O1 bales ON November to
l6i, 900 bales on December |. This is what
has enabled them to reduce their takings
during the past two weeks to less than their
current consumption. Last wear on De-
cember |, they held only $1,000 bales. Con-
tinental spinnors also increased their hold.
ings during the month of November from
lll 900 bales ON November / to lSS, 900 on
December |. Last year they held on De-
cember only 10000 bales or less than one
weeks requirements, for consumption. The
comparatively independent position of
European Spinners enables them in meas.
ure to control the course Ofthe market and
they have evidently used their power to
some considerable effect during the past
week
The st. Louis Republican of the 18th,
says; Among the prominent visitors ON the
door of the ST. Louis Cotton Exchange Sat
urday was Mr.. John Martin, OF Paris,
Texas, lie is quite an extensive buyer OF
the staple, and says constitutionally he isa
bear, but does not affiliate Us much with
that side Of the house as he did. lie
takes rather different view from
some others as to the amount
of cotton now In the hands of
the shippers in Texas at the prin-
cipsl towns and cities along tho leading
deal of cotton is being held at Dallas, Fort
Worth, Gainesville, Paris and other places.
The holders have been carefully watching
the. markets and believe in higher prices
and will not send their cotton to market
until they arc forced TO do so
According to the last monthly report of
the National Cotton Exchange of America,
the takings OF Gotten by northern spinners
during the months OF September, October
and November were Gl7,4l0 balos, sgsins,
b5i, 1855 bales during tho same months OF
1880. The shipments overland direct 20
mills north and east OF tho Ohio and liissis.
sippl rivers during tho same time were
U2 ,So7 bales and u.s. 10 bales for 1851 ana
1850, respectively. Tho increase Of total
takings Tor the first three months Of the
crop year Vas ~ 05J bales, or 30 per cent
LiyEarooL, December lG.-This week,
circular OF the Liverpool Cotton Drokers'
Association says Cotton was In conpar.
atively limited demand, and altho,inh
freely offered prices were generally steady.
American was In limited request ut preyl.
Gus weeks quotations. Sea Island Wa, In
moderate demand at unchanged rates,
LoNpOs, December i0.--The Nancht Ter
u unrdian, in its commercial article ,n,L
morning, says There IL very little BUSH
ness In any department, the tone Ia dull,
owing to continued inactivity IN Indian and
China markets, and purchases having. dur.
ing the past two months, largely anticipa.
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 GOO, 900 bsles
One OF Tho features Of the Atlanta Expo.
stion has been the practical testing Of The
different varieties " cotton, to discover
watch was the most prolific. 10 Mi. c,,i
several small patches within he grounds
were devoted ~ different species of seed.
snu carefully cultivated. These cotton
patches have been all picked and the cotton