The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-29


In Liverpool the cotton market was re-
ported hardening but unchanged, mid
dlings, 6 ll-l0; Orleans, 1876 receipts
were I, 400 of which $500 were American;
sales, 10000, of which 1900 were American
and 900 for expectation.
New York spots opened quiet and steady
and closed tirmer. mddlings, II; sales, SGT
The market in New Orleans opened quiet
and closed firm; middlings, liz. sales, 5 800.
Galveston closed firm; middlings, III; re-
ceipts, ISL; sales 800.
st. Louis closed firm; middlings III; re-
ccipts Cos; sales ,6I6; shipments ., iQ3; stock
on hand 81, 573.
The cotton movement shows the net re-
ceipts for the day to be 1886, against %,
039 the corresponding day last year, de-
crease of 1913 bales The exports to Great
Britain We're l, 052, Continent LII, France
and channel ports none. The stock on
hand was l,l35,56l.
The Chicago Inter-0cean says New
Yoyk cotton houses continue to flood Chi
cago with bull dispatches and the predic-
tons of higher prices made in the dispatches
seem to be offered in good faith. Trust
worthy Geographic advces from New Or
leans estimate port receipts at 100000 bales
less from this out than lasC year. If this
should prove correct, the present crop
! would be about ., 100000 bales, deficiency
as compared with last year of, 800, 900 bales.
| Taking into consideration the increased
consumption of the world us compared with
last year, which our most trustworthy in.
! formants place at 100000 bales, we shall
have 800, 900 bales less supply. The CON
| tidence with which actual cotton is held in
the South is indicative of some powerful in
! tluence on the minds of the Southern fac
| tors. If the short crop views are confirmed
| by receipts, and there is accommodating evi.
dence daily that such will be the case, then
cotton must sell very much higher before
March.
In common with every Southern interest
and feeling the HERALD would like to see
an advance in the price of cotton but when
it is remembered that on the first day oil
last Sep ember there were |, 100 900 bales Of
cotton i'll sight, left over from last years
consumption, which must be added to the
amount raised this year, it will be found
that tie worlds supply will not prove very
short. This taken in connection with the
heavy stocks now at all the ports and in
terror towns does not indicate any great
advance i'll price of raw material Still the
HERALD ventures no opinion on the subject
feeling that the product is now about ont OF
the hands of the producers. and the fight
for higher or lower prices is confined to
NOIluCTll IlllpStcTS, WHO VIII, III some WlV,
manage to fleece would-be Southern specu,
lators. A few buyers in the South may
realize little out of futures, but where one
makes dollar, at least, ten others will be
minus their margins,
In speaking of the cotton factory the Ter
rell Star says the factory hands, are putting
the finishing touches on the machinery
Everything will be ready for an early start
next week. Quite n number of bales Of
cotton have been purchased this week AND
a special agent is buying daily. The pres
ent insurance on the property does not
allow it to be run at night, but as soon as
the work fairly opens it is the purpose O
the managers to provide additional insu
rance, when the engine will only rest or
the Sabbath.
The Ways and Means Committee had n
meeting in Washington which really result
ed IN Il bill. The bill, as adopted by the
committee, is modification of the McKin
ley bill, and its object is to meet difficulty
created under the present statute ant
rulings of the Treasury Department con
corning the duty to be levied on cotton ties
These ties are made Of hoop-iron, which
pays duty of II cents Il pound. The tie
have generally come in rs manufactures moi
Speclhed by the section of law in which
hoop-iron is mentioned. These pay dut,
of 80 per cent. A decision OF the Secretary
OF the Treasury puts the ties back unde
the head OF hoop-lron, which about double
the duty. The bill agreed upon to-da,
takes the same ground. 1t is, of coul Sc
general in its provisions, and raises til,
issue directly between the protectionst
and the trcc-trauprs