The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-18

would continually decrease, and tb,,
In values was absolutely necessara : Use
tract the supplies needful to Keen 70 At
rate OF consumption; but the present. rp .ne
look is exactly the opposite Of the mo-. out
which presented itself in May-Juns'o ,Ped
we started with low price at the commssnnseIa
neht OF period OF diminishing stacks. ncs'
a period of increasing stocks 9Feglhhlng
spinners are being twitted for the;r W pean
in not importing for their customarv ny
but the one thing which the vans
holders have for weeks past been Io,,ie:san
Tor has been rush to buy on the ,nVnsng
English and Continental spinners t Su
thing has been done to establish .ery,
supply scare" among European sn;, Snoit
in order to enable the American oopn1iuefS,
to unload their heavy stocks of dear .SS nofs
cotton upon the backs of Consumes Hht
whether from the wariness of the s,;, ouI
or from the fact that the profits of sp;IleiS,
ana weaving are by no means so So ,d'is
they were twelve months ago, the 9 9o;oa
the charmer has been utterly unboass.y
though ms charming has been ontt,
equal TO ms most successful efforts in ling ling
past. me Polcy OF the spinner in Mae Mas
with an active demand for warn and , sSoyk1
and with prices at 5ld. to Cd, was to | sVoust
much cotton as he could; his policy Ivy Hoa @
with prices Id. per pound higher VIM LOW,
increasing stock before him, and with al
SLOW demand for yarns and goods is tn ~
only from hand to mouth he nprs;s,oEy
this course. he will bring down Tia i nros u
America to the level of the price in iI'Sum
pool; whereas, ifhe follows the adv;ca' e "
those who preach the false doctrinee d
scarcity he will force the price in LivarnooOii
up to the level of the price in America p p~I
thereby enable our American cnnSins "i.u
get out OF their present very uncomtort,hlo
situation at the expense of the cor'
ildlng European consumer. The "bun-
bear OF a possible corner in the ortnnS.
Is already being handled in the lace nj
splhhers, with the view of frightening them
INTO buying, but the conditions which
brought about the squeeze of last Woo
are not likely to arise in 1882, and thc s yGai
ner need not fret himself on this score gun
THE Times Democrat gives the fnllow;,.
rs some OF the reasons for the late declinss
III prices.
In view ofthe decentralization that has pro.
vailed in cotton futures during the pastlew
days, Il short explanation of causes and 70.
suits may not be out OF place Just now, to.
wit: Leaving out What the ont.
turn of the crop might bs
the accumulation Of actual cotton in sight
and the heavy expenses thereon, have been
the heavy weights which the bull side tbe
market have had to carry, and which, grow.
ing apace as the season advanced, became
heavier than they were able to handle.
hence, particles of the load began to crum.
BILE, and finally large masses gave way.
Naturally, the result has almost beena con.
tinued downward turn in prices, which,
though several times arrested by strong
protection has proven disastrous here and
III New ork, and added to Decentralization
of the situation. In addition to the cotton
thrown overheard, the heavy hammerinp
of the bears has materially assisted prices
on the downward grade. Thus far the
shrlnkage Of values seems to have stimu.
lated the consumptiye demand abroad but
very little yet, although so tar rs regards
crop estimates they are generally much
lower than month ago and should be an
important mctor in the situation as soon as
the market reaches a more settled basis.
If the writer Of the above had Just said
that there is q growing opinion that there
will be cotton to spare after the present
season closes, and that the amount in sight
exceeds all expectation at this time in view
OF the short crop, he would have hit the
nail on the head.
efforts n get the "iamhsS 70 hrowso nn fS'
lures n .sovs For.9i,bted ', onoroto r ' IN
cotton nre inclined ~ SILL at the "nStshIn
actions of many recent bulls who ' Ike litle
lambs regardicss cf ,Lo '" cnns "" 90 G;stmrS
ance bac'n ~ rnn " al 'o S"SSG "a roob
Persons ia app,v ,csre
do no, zeal aIarnd e',is ,1'v HU,,V' r so%
of nrcdiction ~ HE 90 w. ,me d oisowherS
that Cotton viii IN be hha ""I Fros ara
gencroIIv ho, m' Do n ~ oo w.
Gii,. , niGigSv, "nu we ioIaoNiis V"e
ne ~ oyin, oori,, eau ~ 80 "pVs
Snr No. WIZ" 49,, ,oa,iy oor'eo' oroP oS'''"''
w '"' P'ese"' Se"soi'
p...,... o,.., g.. 60, Bales
1 sS9r ''o"' ''P'' = 1851 " r''' = 7Sop
R.Sents for week ending Fcb IL oSS 400
ESti,nn,eI rscair,s ~ ~ N q,
Sept. -. 7lSOC0
Overland to mills and southern con
sumption OBSERVATION-DISCLOSURES. 651Om