The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-07


receipts for the day at all the
ports were IL, 495 bales. In Liverpool the mar
kets were steady, and receipts and sales
light. In this city there is no change TO
note In prices, which are entirely nominal.
and will probably remain SO until the
weather and roads improve.
1000 ordinary Observation-Disclosures. qlS
H;I3ii,,s ''''''' ''''''''''..,..,..,,, va
Sluuuhg ';,.'.''.'',.. ,..,,........... l04
~, lOli
MluullDg Ialr. OBSERVATION-DISCLOSURES. lO2
The cotton movement shows the net re-
celpts at all the ports to be 2l ,l2S, against
49,9Si the corresponding day last year, a de-
cline in two days Of 2S,SJ6 bales, The ey-
ports to Great Britain were 26CGl CONT
nent, $50; France, 1,754; channel ports,
none. The stock on hand ut all the ports
was COS, go bales.
;, The market i'll st. Louis closed firm mid
ullhg, IL ~; receipts, 439; sales, l ,507; ship
ments, 1913; stock on hand, 81, S47
Galveston closed steady; middling. II SIS.
receipts. 1861; sales, 600.
New Orleans opened quiet and closed
quiet, but steady; middliUgs, II So; sales,
New York opened quiet and closed quiet
and steady middhngs, II 81 sales, 5ll,
The Liverpool cotton market today was
steady, middlings 69-l6 Orleans, 6 "a
safes OF American, $500, of which 500 were
Tor expectation. The receipts were 800.
A CORRESPONDENT ef the New York Bull
letln says: The remarkable statements
made by Mr.. Ellison in his January annual.
nave naturally attracted much attention il,
the cotton trade, and the angry TRADE in
ms circular OF February 9th is not likely to
have the effect OF converting those who
take the liberty of thinking for themselves
lie undertakes to prove that with crop of
o'5OO'VOO bales there is not only plenty of
cotton to keep up full rate of consumption
during the remaining eight months of the
season, but that prices will decline. As the
season of lS76.77 was similar to the cur
rent one, in that the American crop
was small, it may he interestinr
to read what Mr.. Ellison wrote
that year. In his circular of
January, 1877, we find the following: an |
our autumn annual we stated that we an.
tltlpated some Improvement in prices as
t ! season advanced. Since then a rise of
~ ~. per pound mas taken place; and as
there is no fibre which can compete with
cotton at I'd. per pound for CLOTHING and
sundry other purposes, consumption will |
continue to increase, and if the supply does
not increase in the same ratio, but. ON
the contrary, falls short of the world, /
wants, prices must advance until consumn- /
ton is checked We offer no opinion rs n
the extent of the advance which will he
necessary to restore the equilibrium he. |
tween supply and demand. That may de-
pend upon circumstances outside of the cot
ton market, such as the fall in silver |
which depressed prices last year, or politi- |
,al complications in the east, which may
have the same effect this wear. Al /.
10 tl,nA
an American crop rather larger than our
estimate, middling upland is not likely TO
rule much below ID, while with settled pol. |
tiles and revived trade in Russia and other
portions OF the continent at prcseHt de. |
pressed, figure much above I'd. may be
A comparison Of the visible supply of TO-
lay with that of February 81, 1877 lChroni- |
re tgnreS) shows: Total, February %.
ISS?, S,l2i, lO5 lies, (of which, American
including stock in 10 interior towns, 2457,.
~ bales, against total on February p,
Io'i, OF 5'ooo,dO9 bales, lof which, American.
including stock in the old towns, 2.44S, 600
Dales). II we add to the figures of 1877 the
stocks in the other II towns, viz: 1885
bales, we find that five years ago there was
lctualiy l,329 bales more of all ,growths and
io,olo bales more American than at present.
ana anyone familiar with the trade will
,oncede that spinners of Europe and Amer.
can held larger stocks of the raw material
1t that time than now. How does 1t hap
pen that with less cotton in the world, and
With the prospects of little, if any, more to
'ome forward than in 1877, Mr.. Ellison then
')ntidently predicted rise from I'd. and
now declin from CID? The worlds con-
is fully 2S,O0O bales per week
arger Ql,0O0, in America and II 600 in Flu.
'ope), or in eight months 9S6,OOO bales.
while general trade is far better and the
political outlook quite as favorable.
We give Mr.. Ellison credit for good in.
ientions and desire to arrive at the truth.
which is more than he has done with those
who differ from him, and can but think that
ne allows the temper of the speculation
which surrounds him to affect his iudg.
hent' In january, 1877, Liverpool was
bullish and heavily "long"; now she is
bearsh and short" Yours, etc,
70 FAIR PLAY.
II We compare the supply of American
alone tor Europe, the figures are very strik.
me.
(pcr Chroniclc.) lSSa 1897
.iyprpOOl stock Eon n'n 800