The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-23
COTTON

Inc receipts OF cotton TO day were about
one hundred and sixty bales, and consider
ing the condition of the roads were above
the expectations Of buyers. Prices here are
the great receiving points were steady and
without animation, closing quiet and easy
at former quotations. Every one interested
is looking for an advance III Liverpool,
which by all the laws Of trade should
take place, for cotton in thiscountry is new
relevantly about one osnt above the market
there. The uncertainty of the total yield
OF this country is having its influence on
prices, and unless there should be great
falling OIL in receipts at the ports the adj
vance expected may not occur until late in
the season. We devote good space in our
columns to cotton, as at this time it is of in
terest to our readers, who have desire to
know the fasts accessible regarding it. Our
quotations to-day are us follows:
iood ORDINARY NEUTRALITY-SUSPICIOUS., ga
Low uuullllB'''''''' '''.'''.''''.,,,,....l iva
Coed middling ............,........ II
Midoing fair. ll3s
The Financial Chronicle is beginning to
whip around on the yield of cotton, and il
now trimming its sails for q larger produc-
ton than any Of its estimates would indi-
cate. 1t starts out with the visible supply
giving it AZ 2S27 ,S66 bales against 2606,6lS
the same time last year. 1t gives the re-
ceipts at the interior markets last Saturday
at 15l,5 bales against 1863, 10Y bales the
preceding week, and 15S,66S bales in the
corresponding week of last year. In COM
menting on the above, it says: "But from
what we now give it is easy to see that the
| yield must be quite uneven. Take North
Carolina as an illustration. The rainfall in
| July and August this summer at Green's
| boro North Carolina, was only forty hun
dredths of one inch each of those months,
while the Thermometer averaged two de-
grees higher than for the same months OF
| 1850. On the other hand, at Wilmington,
| OF the same State, there was plenty of ram.
Again, in Tennessee, in the same months,
the rain was very short everywhere and the
temperature was high; while at Mount Ida,
Arkansas, in August and July together
only one inch and fiye-hundredths fell, al
though at Little Rock there was rain
enough apparently to keep cotton alive.
with such conditions existing, had not
the plant been very well started in the
spring, it must have died absolutely at the
points of least rainfall and lost substan-
TALLY all its fruit. One can readily under.
stand, therefore, and fully believe the re-
ports from such sections OF largely de-
creased yield and of no top crop, although
we never had better season for growing
from the records and confirmed by outside
reports that the rains of the past SUNNI or
we're everywhere remarkably local in their
nature, while the temperature was high
and hence that in each State the
crop is short in spots, in some
cases even adjoining plantations
showing quite different results. On the
other hand, bottom lands have, as gem
eral rule, produced well many instances
are reported where growth has never stop
ped through the season, and in very con.
siderable portion OF the South there has
been good top crop, us it is called, Sc.
cured.
I'VE intended to leave these facts, with
the foregoing explanations, to speak iol
themselves, having no desire for the repu.
tation of n prophet. But all the crop esti
mates that have been issued strike MS as
being so far from the truth that we must OK.
press our entire disbelief in them. Ger
tainly none of tho information we have
received would warrant US in drawing any
such conclusions"
Where now are tho thousand and one
reliable correspondents the Chronicle has
been boastful of, and who represented the
crop as almost a failure in places
and only half crap in other localities
Echo answers where are they3
a New York paper, OF rather "bullish'
proclivilios, says It is true that our stool
(interior and port is in excess OF last year
but the visible supply Of the world, which
Of course, includes interior and port stocks
on last Saturday was 2,o7l, 900 bales. On
the Slst instant the visible supply will prob
ably approximate 2,s0o.0OO bales. In
1874, on December 81, IN,
visible supply was 2,79i,0O0 bales. Tn,
price OF uplands on that date II
Liverpool was z : led, touching Sd later In
season., and in New York, same.date, llac
(touching l0ac in march,. The condition,
existing In 1874 we all remember as of OK
trcine depression In all branches Of trade
while this year We have the reverse. Gu,
readers will therefore see that present pri
, ces are not dear and that there Is plenty o
room for good, big advance, which seenl
, inevitable sooner or later. With q drop IL
: receipts. Liverpool will be compelled to Biz
. up md secure her supply. Other
kwisc the crop will be uncqually die
! tributed, America and the Continent TAX
ing more than their share, thus threatening
scarcity In Liverpool In the sprinu
, wstake tho following Tennessee cotton
, itsms from the Memphis Appeal Receipts
. In Memphis during the oflicinl week agsre
/. gated le,o4i bales, against 81 ,374 bales III,
previous week. 900 bales the correspond
: ing week last season, and $3.50 bales II
Il 1879. The total receipts since September 1
1891, were 1,0 po5 bales, against 40, BOZ bale
i At tile currcrpvnuinx time last season, lie
/ 1870 the rcvoipts were 40, hales, '''' ~
| :. bhipments during the otiicinl ,,.sh
Y uaAted Il ,so7 bales, against i0,7iI bsies M