The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-12

galveston closed quiet and steady, middllngs
| III T-S receipts les: sales, LILO bales
St Louis closed steader middlings, II rs re-
eipts $50 sales, 20i2 shipments 966; stock on
| hand, +S2s7 bales.
The cotton movement shows the concentrated
net receipts al all the ports 10 be 1925 against
81. lt6 the corresponding day last year. falling
on OF l5,9sa bales, The exports 10 Great Britain
were 2O,66l; continent 4S79 channel ports 8, 7gi:
France. none The stock ON hand at all the
ports was $50 500 against 735, 9?S the Sth day OF
April year ago. All excess still Of 4l,667 bales.
A SYNDICATE Of Davenport Iowa men has
purchased 1900 acres Of cotton land In Ar.
kansas.
South Carolina mill has just filled an order
or $500 bales of cheviots, to he shipped to Eu-
rope.
The Harmony Mills, at Cohoes, New York,
which sustain l5 600 people, have announced
reduction OF lOper cent in wages A strike is
possible in consequence.
Seven prominent business men of Eufaula,
Alabama. propose erecting cotton mill of g. 900
spindles to begin with. the capital of which will
During the fiscal year ended March Is the
Langley cotton mills at Augusta, Ca made
6,39,SI6 yards of CLOTH They used s. 6S7 bales of
cotton AT an average cost of 9 S-4 cents The
dividends paid were 20 per cent But
hibit
Liverpool dispatch of April says AT
meeting of the representatives of Oldham limi-
ted companies 1t was announced tnat firms rep
resenting 2,0O00O0 spindles were favorable to
stopping their mills during Easter week AS
two-thirds of the trade are CURED 10 carry the
movement ithas collapsed -
The committee on trade of the cotton exchange
in New York have been Investigating the
charges of American Consul Shaw, at MancheS-
ter. that sand had been extensively packed in
our cotton. The eommittee will report that the
charges are pngrounded.
The managers of the New York Cotton Ex-
change have been authorized to purchase u site
and erect building. to cost not more than $500
600 The edifce win contain Offices which will
he let to tenants. A seat in the exchange was
sold Wednesday for S., 100, which is q consider
able advance on the last previous sale.
The shreveport Times says: "Dr. Calhoun
of Greenwood, informs us that tho planters are,
as usual, behind in that neighborhood, That
IS behind compared to aute-beum times The
TACT 49, the negroes cannot be convinced of the
importance of commencing in January to pre-
pare for the new crop. They generally loiter
around until the middle of February or later.
When planters speak of negroes working we'll
they mean IN comparison with the preceding
year probably. AS freemen, they have never done
good work No one would pretend TO say that
the men have III this parish averaged since
their freedom, three bales of cotton, whereas,
before the war, taking hill and river lands to.
gether, they averaged seven or eight bales"
The tenor of private New York advlces to-
day was to the effect that Ranger, the most for
midable manipulation in cotton, had delivered in
the Liverpool market on April contracts some
1000 bales during Friday and Saturday with the
intention of forcing n break, but the tenders
were promptly taken and the cotton retired from
market, the effect being favorable to more
bullish tendency, On the faith of this feature,
New York bears were reported uncertain of their
position, ana Il good many shorts were covered
While present rates of cotton seem high by CON-
parisOn, 1t must not be overlooked that we are
approaching that period of the season when
speculative manipulation and sqseezes are in
order. II has now become ms much q necessity
n n hn aan
tiers of trade-New York, New Orleans and Liv-
erpool-tO guard against corners and SQueezes
as for the purposes of consumption The bull
element are looking forward with confidence to
such result in the summer. under the belief In
continuous perpendicular drop in receipts and
a consequent rapid disappearance Of stocks.
This sentiment has experienced some develop.
Eent both at New York and New Orleans since
the settlcmont.of April deliveries In those mar.
kets. Ofcoursc the expression of any opinion
as TO the probability of such q novels the mcr-
est guesswork. but. should the bears succeed In
hammerng prices down to q lower level such
| an occurrence is not unlikely.
"A correspondent of the Augusta, Georgia.
| Chronicle writing from Lowell, Massachusetts.
where he found sheetings made by.the.Enter.
| prise mills, of Georgia. selling alongside Lowell
productions, submits the proposition, as the re-
suit of his observations there and in the south,
| that the southern mills are not yet In u condi.
ton TO illustrate how much greater are their adj
| vantages how much more profitable they
4
| ton. In proportion to the enlargement Of ca
| pacity there will be q percentage of increase
| In the profits OF mill. The prosperity of the
| large corporations hcre-such MS the Merrimack
and the fremont and Suffolk, the Amoskeag
company OF New Hampshire. and the Pacific
| mills Of Ldwrence-illustrate this. The expense
| of superintendent and Of a considerable part OF
| the help Is proportonately less In the larger
| concerns With growth In age mills acquire
better skilled operative force, and the east has
| greatly the advantage now In this feature. The
| freight on mill machinery handcaps southern
mills In their starting up. In the face of the
enormous profits Of the McrrimaCk mills here,
with their $4,000 spindles and $1,000 operatives,
| | believe that the same mills, with the same
| operatives, II on the Augusta canal would pay
| 30 per cent larger dividends. The question of
| location of cstton factories has been under dis
cussi0n, and have had opportunities for get
| ting the views of some OF the most competent
| authorities on the subject II is held that the
| place combining best facilities for shipments
| with an ample supply OF people for good opera.
| tves, Is q better manufacturing point even II
steam Is the exclusive power available, than an.
| other with the best water-powtr and wanting In
| the two first named advantages. OF course
| II TO them Is added ample water supply the To-
| cation is perfect With full credit given Augusta
for her canal IL Is held that this Is not the prin
| cipal cause of her success in manufacturing
| How rapidly the cotton states are developing
| into manufacturing the staple can be observed
| In the machine shops of Lowell better than
| from any southern Tolnt of observation. with
| In two days have seen work being made ready
| for many factories in Virginia, North Carolina
/ South Carolina, Georgia Tennessee and Lousi