The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-30
Ws-
COTTON.

There Is nothing 10 record In regard to cotton.
Inc exchanges in this country and Europe arc
aossu and Will not DO opened again until We'd
ssssuay morning,
WJ Js 9.,luulhg .."........,..,.,, ...,.,, II =
S,i. ''..,.:,
ssHlct low middllng ACKNOWLEDGEMENTS.
Low muuing .lOh
WI orulnury. Observation-Disclosures. va
o, LIS MOI many years since that the number OF
w'pu mills IN Canada could be counted on the
LIasets and when the number OF spiudos was
w. w. than 10000, a recent collection shows us
MwNSh'y 'one cotton factories aggregating almost
rNVu spindles, and moro are now pro-
HvN' IL Is somewhat curious fact
~, ' me larger proportion, OF the quan-
Wy Of machinery for the whole 371-
@Ostssplndles has been supplied by the one firm
%hgward mllough, OF Accrington, England.
svNly, II notquite, wo-thlrls of this machinery
wSuis Tom this one shop, and Mr.. Bullough, the
NV, ueW OF The iirm who has been for some weeks
saving OF the Windsor hotel, Montreal, hiss left,
S%eyyeuse he could not acccp! further orders for
uvllVery In 1881
The Columbia, Georgia. Enterprise learns tina,
vyVoks have been opened In Newton for subscrip.
MUS 10 4 cotton factory NJ that place, and that
me northern capitalists who have looked at the
wv us Newton raises $500 This amount
SrvNl0n VIII raise. That town Is living and
nn.sppy example Of what can be done by enter
prise and energy
p.. iNoNthtNpU TtlUTt IL NN lOlAbNNs lllllN
rsv.ys That the View We took Of the cotton nrOs.
~, IN January was tho right one and, spite OF
~ v,uShoncSt manner In which our statistics
s su. arguments have been misquotcd and per.
nw.SI by Interested parties, events have vindi.
oaeu both the accuracy OF our figures and the
WStfectness OF our diagnosis OF the market. A
nv, inrk critic states that In October We said
aM inc world rcqured an American crop oi
w Ald quarter TO six and one half millions to
ssNalong comfortably aud yet no knows that
al ~ Is..a
sMu was that under certain circumstances the
sVniI would require G.?lb,O bales. but I'VE wan,
w. show that such n crop besides giving
NJ ~o Increased consumption OF 1900 bales
w week for Europe, and 1900 bales per
~vek Tor America wonld leave untouched thu
enormous stocks with which the season com.
nn,v,eu We said, moreover, that III the stocks
sv'V reduced W the limit at tho close OF soptem.
Az Th ~, there would remain tsl 100 bales avail
S %Vv iof oon.umptlon; IN which ease M Amcri'
Nv etop OF 5,73t. 900 bales would suffice for tn,
r'oesble wants OF the world" aud we also gave
SMo,e which showed that the stocks were 70
rruecu " the limit touched Mt the end OF SOFTEN
NJ NJ NV. there would remain ZOE bales avail
cem LOT communion, IN which case an Amcn
WI ,sn crop OF 100000 bales would suficc ri.
,u,ally, We stated that with such a supply a. W,
,wsen contemplated, whatever fluctuations may
,s, s" mace In the course OF tho season arising
Az oi The varying moods Of public opinion. III,
tS e VIII be rather under than over that OF
e WY previous season." which was 6kd, 40 thai
w., critic not only bellies our statement In respect
~ .ne American crop. but also suppYcsses the
pottsnt limitations which accompany thai
IL. He silll more grossly msfspresen,s wha, w
MI MI about the egyptian crop aud he omits Il
,u1 mat IN view ofthe uncertainty which sur
,ru ..i,eu The matter we estimated that fndir
WMoulu give only about co. 90 bales more than II
~, NJ. Previous season. aud that tho Drssils would
s.r no inercsse at all
M AZ the close Of the year Il became clear tina
MY MY Amcrlusn crop WAS going W be smaller thar
X NO Contemplated, but 1t also became cleo
AT Ihdis would senl At least sol, o0p bales Il
WV" oalcs more than had been calculated