The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-01

October l, 1891, only l, 100, 900 at al, r..,
Eurepe and America, so that the co pSrs q
.ion must nave been 100000 bales IN S'ap-
year ending october l, 1851. All ,bs as
vices up 10 gate recent date have "a. a.
sehteu thst European ssindles were wp.e
ing even more vigorously than last " vnu
anu c9nsumptlon has seently been ' s'.i
m AYE py the highest Authorities nj oc ssu'
o'Vov oales per week In excess of that w., vo.a
Aor have We yet heard of anv cio., year
mills on short time in any mart osllg q
world. 1t would be fair, thereiora VI The
sumo European consumption at sor' !" az
cess on last year. '0'le el'
But shall not assume apv eroo.
Europe, but merely take it as theS@ i0f
last year. Fer Americans il wonl5 Luie as
surd 10 do the same, for the rand nv oe 10
OF CONSUMPTION in the United States ;. !. eS
known and admitted, and, between . Wi wei
and south, is believed to reouirn a HVI.a
bales IN excess of last years takings 80 ,EWVv
Tor the worlds consumption we MAJ, ou. H
mate total of s, go 900 bales, against e esI'
0oO last year Now, as to supply: wv
The opening stock was / ,i9O,0OO ho,o.,-
al Europe and America, October iss1
The American crop cannot possibly ey ,soi
5,4U,oo bales, and may be much los, wv 'ai
we will take 100000. Sn SIM NV
rom India, Egypt, etc, are beiparnaSs
to promise some excess over lac, ,,n'N
and We shall assume these as 2, 100 O0o tsgiat'
against ,S6S 900 last year, an excess oS Svs
900 bales, Thi, would give total w ~ ~,
supply for the year (ncluding tbe "S Guy
held October 1, 1884, of $500 O0 b S'IA
From this, deducting consumntioD OA''s,
above, $3.50, 600, there is left for total .to"s
at all ports, Europe and America. on 1,o C.A
her ], 1882, 400 900 bales; an acconnt ~.
great bulk of which will be required in NV NV
United States ports alone, as a basis for Il.
enormous business in futures now cor,o1
on in New York and New Orleans. tho l",
ter port having had transactions of o ,ar
100000 bales during the past wear, WV
Of course, this reduction of stock 70 an.
900 at October T. 1882, for all norris 4
Europe and America is simply lnno,
sible.. 1t must be prevemed by "a.
dnced consumption, and consumpton
can only be reduced when spinncrs find il
loses more money to work than to ston
We ell know how spinners will 90 on. Wcqt
sitc- week, losing money rather than s,on
One DAY they must stop, and the.ongs,
they delay the worse for them.
1t is no longer necessary to argue tbs
possibility ola eress error in the estimate Al
crop(5, 400, O0W which have given above. Tbs
receipts and the known exhaustion in N,
country are conclusive on that subject. Tia
only doubt in my mind is how far bellows
1t Will fall. That it can possibly reach s.
no one who knows the facts now belieyr,
WORLDS SUPPLY, CONSUMPTION, OPENING am
CLOSING sTocKs-000s ouIrTrb.
Supply
LIST inplud-
Octo- ING Con. n,
Der [ S. All Total open'g Snip .irs
Year. STICK crop, others. recpts sticks, lion MI
lS9-sO yt,7Sl l,92s 1889 S,2lS 7i8 IS
lSl.@ ,l9O.,5, iOo"2, LOO 7,sOJ* S690e s.ggos W
ESTIMATED
In explanation of one point, ! should r.
mark that the figure given of total stock al
all ports in Europe and America, October
l, 1881, was in fact the stock held in Europ
on October |, and in America on September
l, the commercial year ending on the re.
spective dates. To make the statement H.
orally accurate, | might have counted
American'stock of about 200 600 more. ac.
cumulated at American ports in Septer
Der but had done so, Ms that was part Of
the crop, | should have had TO deduct
corresponding amount from this crop: The
statement could not have been any diiiereHi
in its result, as shown thus:
steck at all ports in Europe
snt America, October /,
ISL ~. ..,..........;,.n $4,000
Add American crop Qess
counted in).................5.4 100000
Estimated stock October 20l 20o-..5 9e0N
Add supplies for all other
sources tan excess on last
year OF H,0oI......,..,... 2lMUO