The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-29
TIE DALLAS HERALD SATURDAY MORNING. APRIL 90. 1882

England arose solely from the wet picking season
OF last year, when the staple was more or les,
This is the question asked by the Boston Com.
mercial Bulletin, and which 1t attempted "a
answer as follows;
Last years crop of cotton was 6,6OoOOl bales.
and i is now quite well settled that he produc.
ton for the current year ending August 81. lsS2
Will foot up less than 5500,U0 bales Last wear :
crsp was greater than the worlds requirements
and yielded = surplus, which has been carried
forward into The present year TO such an extent
world to-day is. but 75,OOe bales smaller pT
than II was April o., 1854, and is I5u.
coo bales l-rger than II was April y
! leSO. But for this time Orward there will
be constant decrease in the supply until the
new crop year commences in September, aud if
| spectators were able 10 secure such successful
control OF the market IN August lSSl what may
! they not accomplish ~ August, l%2 with sew
I eral hundred Thousand bales less cotton 10 be
taken care of? A already inlimRted, however
, II Is the unexpected that most frequently han.
| pens to the multitude of mercantile operators.
and perhaps me very fact that an August conner
is so generally expected will do much to pr vent
| its occurrence.
An exchange remarks upon the values ST east
| ern mill stocks.
For several months back there has been
| reachonary movement in the value of nearly all
classes of securities mill p. operty included be.
cause of the cessation of the extreme activity
previously existing in many branches of manu-
featuring and trade Ii is gratifying In
notice, however, that cottnn mill stocks
nave been affected less than might have
peen supposed, and their deciUc has
probably been less than many other
classes Of securities Tho following comparative
quotations, compiled from our fines, show thai,
although there has becna considerable decline
III the last six months, yet there Is cOlnparn.
tivciy little difference in thc values of now and
year ago Indeed, the limited range of the fuc-
tuatiuns show that cotton Inills rank umoag the
best and soundest Investments that we have and
the high market value of many of these stocks
compaled with their par value, is ilatterng
evidence OF osperiy Considering the largi
increase IN the capacity and number of mills
and the present state of the goods market. the
decline, Twill BE- observed, has really been very
small. '
A correspondent of the Augusta, Georgia
Chronicle, writing from Lowed, Massachusrtts
where he found sheetingS made by the Enter
PRISE mills, OF Georgia, selling alongside Lowell
prHuue,iohs submits the proposition, as the re-
| SUIT OF his observations there and in
the SOUTH that the southern mills
are not yet in condition TO illustrate
now much greater are their advantages, how
much moe profitable they may be- than the
mi,ls OF any other section In proportion t. the
| enlargement of capacity there will be II percent
age OF increase IN the profits Of mill The
prosperity of the large corporations hcrc--such
as the Mer'imack and the fremont, and Suffolk,
the AmOskeag company of New hampShire and
the Pacific mills of Lawrence. illustrate this.
Inc ol pensc of superintendent and of Il con-
siderable part of the help is prOportionuly les.
III 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 uthcn mills in their start
! ing up In tho face of the enormou.
profits of the Mcrrinacl mills here
with their $4,000 spindles aud 80 operatives, |
! believe that the same mills, with the same ope-
ratlveS, If ON the Augusta cnnal would pay so
per cent. larger dividends The question of
| location of cotton factories has been under dis
cnssion, and have had opportunities for getting
| the views of some of the most competent author.
| tiles on the subject 1t is held that the place
combining best facilities for shipments, with an
ample supply If people for good operatives is n
better manufacturing point, even ii steam is the
exclusive power available, than another with
the best water power and wanting in the two
hrst named advantages, OF course, If to
them is added ample water supply, the
| location 10 perfect With full credit given
| Augusta for her canal. II is held thai
this is not the principal cause # her sue.
cess in manufacturing. How rapidly the cotton
states arc developing into manufacturing the
| staple can be observed in the machine shOps of
| Lowell better thnn from any southern pOiit OF
observation Within two days | have seer
work being made ready for many factories in
| Virginia, North Carolina, south Car lima Geor
gia, Tennessee and Louisiana Georgia is tax
! lax the lead, however,