The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-27
COTTON


COTTON.
THE receipts of cotton to-day were 30
small that it is hardly worth notice. About
fifteen bales were offered on the streets, and
ths railroad brought some thirty BALES
which are at the depot and will
be offered on the market tomorrow.
The receipts during the holiday week will
probably he light, not only in this city, but
all over the South. Christmas week is
always observed in "Dixis Land"
As tho cotton receipts are light and the
exchanges all over the country are closed,
it is good time to speculate on prices of
our great staple. 1t seems that every one in
the South is looking for an advance in prices,
but judging from the past, it is fair to pre-
anticipated in tho South, the Northern
"ringsters" will so manipulate the
market as to cause decline both in spot.
and futures. The continued assertion that
the crop 10 short one, has influenced spin
ners to buy heavily, and they are to-day
better supplied with the raw material than
| ever before at this season, both in this
country and Europe, and they will DO I'M
willing to psrshase at an advance above
present prices, which are lair for the prsdu-
Ger and about all the manufacturers will
pay At this time. In truth the spinner are
rsbslling against prices now asked at all the
markets. In view OF the unprecedented
accumulation at all the ports
justified in assuming that cotton
is bringin. all that the amount
now in sight will justify them in paying.
But it matters not whether the crop proves
q short one or fully up to an average, the
| Wall Street brokers III New York will con-
| troll the market as best suits their interests
and il the people of the South, under the
conviction that the crop will prove short
and be below the wants Of the consumers,
sell futures or spots at present or advanced
! figures, they will soon learn to their sor.
row the falaoy of buying counter to the
interests OF those who only invest in the
staple to MAKE money out of those
who are influenced by the actual
condition OF the crsp. We, therefore,
say to all the readers of the HHRALp, keen
ca, Of speculation and you will have more
money when the season closes than if you
| indulge in visionary speeulatisns which
| will lead to your discontinue.
The Cotton Exchanges all over the csun-
| try have bsen closed to-day, and no reports
have been received.
A correspondent Of the New York Bale.
| tin reasons ss follows ON the status OF cot
ten:
The sotton question becomes moro inter.
sstins in view of the recent reports and es-
Inmates of crop. We now have the follow
ing:
Bureau Report. October l5.-Frsm ssI
counties, crop estimate ....,,,.,.,, lssI 70,
Brs6street Report, October 4-From
6l2 counties, 870 replies ...,...,... 4,5lsS7S
Latham. Alexander d Co, November L.
l,HO replies. ACCOMPLISHMENTS. 47p aS7
Bradstreet Report, November u and cs.
innate Of December o. from SIS
counties, J., lS replies .,.........,,, 5tl4l7O
Bureau Report December Is. ......... .soS eu
Brsdstreet calls attention to the following
items; lSIl-2-Reeeipts to December
showed decrease from previous wear only
l6i per cent, but the crop ultimately
showed decrease of 81 per cent. l.75.SS
Receipts to December showed an increase
oi..Ss 600 bales, but the crop finally showed
d ecreass of 900 200.
To carry il farther, in the season of 1874.
10 the receipts as late as December 81 were
2l5, T9S bales more than the previous vrar
the falling otf afterwards being yery.
rapid.
Besides the above two seasons the year
1867 receipts to December 81 showed
| 2S6, leo bales increase over the previous
year, but the crop finally proved $4,000
| bales less,
| nus yVsi ',ie ClVp WAS very early, anu IL
| has been the best picking season fSr yesrs
and roads in excellent condition. Besides
money has been tight the past four months
and when 1t was found the ether crops had
partially failed, and cotton was reported
much injured also by tho great drouth, IN.
cotton factors and all who dispensed credit
TO the South used every effort to realize
their funds. The planters have marketed
their crops irssl to pay their debts, but at
the interior. markets the holders have zen.
orally shown an inclination TO held for bst.
ter prices, in which they have confidence.
| The port receipts thus far are 50, 100 bales
less than two years aye to same date, when
the crop was 5,7slDo. They are 2le,0OO
proved 4,47i,0O0 Comparisons of mort re-.
ceipts before January LIST have been 80 de-
ceptive that not much dependence IA 10 be
| placed OH them either way.
We must be prepared for vsrv violent
reaction in prices, especially In Iiysrpool
before many weeks. The average opinion
there IL that from six TO six and quarter
millions have been raised. aud prices rule
accordingly, as there Is plenty In sight AT
the moment. The consumption IL enor.
nous, and Ellison admits thst0, aj0, 90 sales
American cotton will be needed TO leave our
stects next iall the same as this year. Ii Ia
"'Vi sNhb w 'VhsiucI WHAl we are coming
10 II our crop proves very short after
all. Our grain deficit was of less mo men,
as grain is large European crop al well n,
United States. But Europe must hsys
American cotton, and will pay whatever l.
necessary, TO purchase II, at least this wear.
when trade Is healthy.
AZ this date, in 1871 and 1872, the Liver.
pool price was over l0d, and IN iS5g sui
IN lSli, oiled, and visible supplies relative,
" with consumption were about the same
ger then. II the cotton crop is abort ia 90
pei. cent, II will be about $500 600 bales
anu shortage OF 10 per cest, tsbout ,bs
same as grain has proved would leave bnt
o,f0W bales, In that event, consumption
must be checked, which can only be by
high prices. II ls well 20 recollect That from
January 70 July 1858. cotton advanced In
New YORK from iolc to S3ic. Frsm Decem.