The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-01-19
THE DALLAS WEEKLY HERALD THURSDAY, JANUABYlo 1882

notwithstanding that today port receipts
are only about 1900 against 1890 bales
the corresponding day oilast year, and U.s.
90 bales last saturday following upon u
week r receipts showing iallingO ni 2IWO
bales rs compared with last year, the mar
ket has disappointed the bulls in lailing 10
advance Spot cotton closed dull at un'
changed quotations, with sales oionly about
200 bales, Futures opened about iohr
points above Yesterdays close, but lost the
advance and some four points additional
rallied again, however, and finally closed
steady ut lust about the closing Zig
urus of Yesterday. The discovery Of
the fact that 10000 bales more than
reported by the Cotton Exchanges had been
received at West Point and City Point
since September |, the large stocks ut the
ports and interior towns, advices indicating
increased shipment over last season from
India and Egypt the apathetc feeling in
Liverpool, have all tended to depress this
market. Add to this the fact that New
York prices are now above a parity with
Liverpool, and that futures for summer
months are already much above the pres
ent value of spot cotton, and the cost OF
carrying it, and you have some OF the diff
cultics IN the way ofan upward movement
in futures just now.
LIVERPOOL, January 13.-This weeks cir
Cular of the Liverpool Cotton Brokers' AS
ISOLATION SAYS Cotton has been in in
creased demand with hardening rates for
American. Some other descriptions slightly
declined Americans, although freely
which is unchanged The Manchester
Guardian, in its commercial article
this morning says: The market is quicter
and there is less inquiry, but prices are
hrmCr. Offers of buyers are mostly below
sellers ideas. The prices of raw material
are still the most powerful obstacles to
business.
THE following inquiry was sent yesterday
to the Secretaries of the Mobile, Ala, and
Charleston, 5. c., Cotton Exchanges: What
is the cause of light receipts, bad weather
or exhaustion? Mobile answered: The
cause of our light receipts is principally ex-
haustion. Charleston replied: Weather
good. The general opinion is that exhaus-
ton is the cause Of light receipts.
Receipts at Memphis begin to show
marked decrease. Receipts since last Fri
day fall short 2,6l7 bales rs compared with
last year for the same week.
1t is said that an extended effort will be
made next year to grow cotton in Pennsyl-
vana. An experimental crop WAS success
fully raised this year in Delaware county.
The yield was half bale to an acre, while
in the South it takes 100000 acres to
raise 100000 bales.
ENGLISH spinners have complained a
good deal oflate aoout sand in American
cotton. Their grievance has been u real
one, and similar complaints have been made
by the manufacturers of our own
country. But some of the British CONNER
cial journals pretend to believe that this
sand is deliberately introduced by Ameri-
can planters and factors for the purpose of
making the bales weigh heavier and thus
swindling the guiecss and innocent spin
ners of the United Kingdom. The
Manchester Textile Nn"Utacturer, for exam
pie, prints the folio atnG ridiculous state
mpnt.
"a gentleman Just returned from Texas in
forms us that they have shanties there, built
of wood, in which fan is constantly blow
ing sand very fine, of course into the cot
ton while it Is being packed; and adjoining
these are similar places in which bales of cot
ton are Systematically steamed for twenty
four hours"
The readers of the Textile Manufacturer
must be very gullible if they can be lead to
believe that Texas planters and factors
make practice of deteriorating the value
of their cotton l or 3 cents pound for the
sake of increasing its weight. The sand
com Vi Is llOJ
but is largely caused by careless picking
and handling. AS to the wet condition Of
the fiber, which is also sometimes accuse of
complaint, that is due to the influence of
the rain which permeates the cotton when
il is exposed in careless manner after gin
ming.
What may be Justly complained of as
fraudulent is the practice of putting ill.,
iured cotton into the interior of good bales.
The Southern planter sometimes res orts to
this petty species of fraud just as the North.
ern farmer occasionally packs a barrel of
apples so all the good ones shall be at the
tor or bottom and the poor ones in the
middle. 1t is true that such practices
cause very little loss to the spinners Of New
England, since the mill treasurers here OBJ
tain supplies through reputable local buy
ers who guarantee that each lot of cotton
shall be rs represented. But since 50 little
is really gained or lost through the careless
or dishonest packing Of cotton,
there would seem to be all the more
reason why planters and factors should be
willing to exert themselves to make every
bale OF this important staple stand as a
voucher for the honorable and uniform
quality Of American products.
The harm which can be done to the repu
tation OF n whole people by the dishonest
practices of single branch Of trade has
been very well illustrated in the case OF the
English manufacturers, who have made a
practice of imposing upon their Asiatic Gus
toners cotton goods that were heavily
with starch and clay. The re-
suit of such course has been TO throw
more or less discredit upon everything En-
glish