The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-02-09

| some OF me southern states, cannot be over
estimated. Another advantage is that,
owing TO the cotton hitherto adherent to
the seed, the sowing has had to be broad
cast, which has been very wasteful. Now
the clean seed can be sown by means of a
drill, With the result Of producing a regu-
larity of growth which will tend greatly to
facilitate the subsequent cultivation.
BRADsrREETs of January 2s:-Below is n
statement giving the actual supply of cot
tonfn America for the period between Jan
uary 16 and September l for each of the
three years: In thousands of bales.
1882. 1881 1880
Stocks counted, towns ruth. 3,I 2l 3lS
| Stocks uncounted, tOwNs
In transit on railroads
SOutn ................ lOJ 2pU 2UU
In transit between ports. 26 40 80
On plantations ....... S9l l,112 l59
Total supplies. 2237, SAP 2Sil
This shows more clearly what cotton the
world may expect to receive from this
country for the balance of the season. AS
compared with last year the deficiency is
| ,205 900 bales, and as compared with the
preceding year 1t is 1900 bales. The
aWgri"an spinners arc bound 70 secure
( their requirements out of this supply, and
/ after they are supplied ihr smdi..der Will
D 81
true Tho american spinucrs are now COM
oar4tiyeiy well stocked, but they still re-
auire considerable cotton. Their tukings
to January IS have been as follows:
ToJua !, north. .1Ol4,OOl $4,000 9i5OO
Esuul'd, Isl to 10th. $1,000 $1,000 S 1000
Taken north ......l1lOo 100000 1000 Q
Taken south 10000 10000 9jeOO
Total taken ..... /, 900 1,OOi 900 1860 0
northern .......... G5O,OOo Sl4,O0O $4,000
| Required further
southern ........ 125,OD $500 $4,000
! Total. .......1, 9S5, 900 1889 900 1895, coo
| The consumption i'll America is AT pre-
| sent very large, and the most reliable
authorities estimate that for the Year the
northern spinners will require 100000 bales,
and the southern spinners 10000 bales more
| than they took last year. But in times Of
! scarcity of the raw material the consump
ton is always curtailed so we only allow an
increase Of 81, 0O0. bales for northern and 49,
900 for southern mills.
With the present system of future BUSH
ness both in New York and New Orleans,
a stock of cotton must always be held to
prevent corners, so it is impossible to run
down the American port stocks as low now
as was formerly done. Some reductions
can be made, and we allow reduction of
$1,000 bales-say, for stock on September !,
100000 bales, against $4,000 last year. This
leaves as follows
Bales
TO'al supply 23I 70
Wanted spinners ..,.............775,O0 900
Stocks ut ports and interior 80. 20O,O OU $4,000
Leaving for export ..... .......... =. 1,2C2, Coz
This will be a small supply for Europe,
as compared with either last year or the
preceding one, for in those years the actual
exports from January l to September
were as follows:
To Great Britain. ...... .....1 $500 1929, 600
To continent A.......... $4,000 66S,OOO
Total ......................28 $4,000 10000
So that Europe, for the balance OF this
season, is likely to receive from America
| ,04S,0 bales less than was sent her last
year, and $4,000 less than was sent her in
the preceding year.
THE New York Commercial Bulletin, of
Wednesday, gives in the following the
opinions infu encing that market at that
date, and from which the operations since
indicate no change: The indications on
the speculative market during the past two
or three days have been of a character to
lead to the expectation Of somewhat
steadier feeling and possibly little reaction
on values. The large amount of liquidation
among the longs during the recent decline
has removed portion of the immediate
pressure; great many OF the smaller
shorts were willing to cover as soon as the
rapidity of the downward turn became
checked, and the same influence prevented
any further important selling
the market OIL, and, with a
tendency TO boom little on other leading
staple articles Of produce, the extreme feel
ing of depression seems TO have been in
measure dissipated. There was also con-
siderable ostentatious buying by some OF
the more prominent operators, especially OF
February contracts, which was not without
effect, though some of the trade, in view OF
past experience, were disposed TO look upon
this latter movement with suspicion, and
attribute il TO a plan for buying up the
highest month, and then using 1t in con-
junction With the issue Of
short notice for February. now nearly
due, for the purpose of hammering.
On the question of supply there is mo
change. The final extent Of the crop re-
mains for the time being a question sec
ondary to the disposition of the cotton in
sight and daily increasing, and the bears
seem to feel Just as confident as before that,
whatever temporary advantage their oppo-
nents may secure, a positive and per-
Eanent upward turn is out of the
question, until Liverpool revives and mani
tests disposition TO relieve the market of
large percentage Of the white elephant
which has become such costly luxury to
its owners"
BRADsTREET's says: From Texas there are
reports from ninety-One counties, which en-
brace ninety-two per cent. of the cotton
lands of the state. The weather is reported
as being favorable for planting preparations
by sixty-nine cOrresp. ndents, while seventy
two say il is uniavorable. In some parts Of
the state the land has already been plowed,
but, a. a rule, it has been too wet since
January LIST for much work. As compared
with last year. thirty-seven correspondents
expect that an increased acreage will be
planted, mainly in those districts where