The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-05-18

petottatly u1 ue fosntnf Gre nest mnn'ou " !
lnuwn. aid that csuuut he oUllfc rrp'W'l
AZ tlc sninc limo 70 serWf llttF ulNl N' fU.,
go very low mofchnuis may rnhNu.. Wv @
nod lnioly nnd prevent Huy E,onl h.'uNH
istiln 0f tt0cRs in MaurhotoU ulrr dt
pnrtmtuis nf the NmchuatDf markets. tt, lu
less depressed state Yam ktop', j." ''
dcmand ~ better lil,es ,.J-S n,.Hy
sa'ailC. but Yield little pfuN' OWING 70 lne llnl,
ference VI nuuy looms from lne eastern ""'v,
'Ihe general churuccfl'uC W Nhh' H'A,Nl ~ .','t
the very largo production u moved on without
very much dilhgulty, but nt prices lhnl lr'l'
Hide return ON the capital employ cui W Us pm
/ ing disappoiutiug year ~ prul.'cls' b't TX
/ more so than any one Cuu.d have lpitsyHu M'l'
! so short an American ciop ol cotton, ne ilu'
! poets Of our market have not materially nltI'u
of late, tho American crop VIII hppHrtnlE, No.,
/ vary much ilum j'IuUtf SomtHllhE WIZ W
! course, depend upon tie amount OF new cu'nl
received iu Ausu,t The wonderful lhlh6 r.
that, in spite oi Il decrease o. ], !OVVO phles !,
the crop, The visible supply Tor lhe woriH - vi,s
5000 bales below last year, while lhnl LOT fng
Hand Is lGlOOO bales more BON EugIsl
and continental SpiunCIs are also pc
lcyed 10 hold larger stocks than last year
The principal cause oi this uncNpec't'
result is. OF course, the extraordinary crop
western Iudia. IL now seems probable Una
Bombay will ship 100000 bales more uhn'
last year up The monsoon anu Ms lntIv ~ =
also il considerable increase In thrallcr.ln' nsro
/ shipments OF the last year Europe WI icCclE
NJ least half million bal moe EAST ihul
cotton in the twelve months cNulllG VN"pci
, than IN the previous year. This large suiril
! has undoubtedly STAYED oil an extreme Scarfi
! in the autumn At one time II seemed uuuOuu
! whether the trade would SO largely upon Saral
in ri &c of Americas, but that doubt is now a
an eud: Spinners are buying and using SuTa'
very freely the excellence of the crop ana IN
: poor style and high price of low American CON
hine to drive them IN hat direction, aud II
. clear tnat American cotton viii be relieved iroi
Iuuch of the demand that would Otherwise hav
= come upon it, We are, therefore OF npll
i ION that there is no real danger OF scarcltI IN
q .tulnu, not even of American cotton, and "
c 5 e no indications thus for of . corner beiil
e attempted We incline - think that we sha
hold in the aggregate as much cotton in the AT
. tumn Of this year as last but no doubt niue
s more of IL will be SurGt and much less Amer
s can We therefore think the general level
prices high enough, and do not share III the e.
e pectation Of higher prices in the autumn. W
$ think the present price for August-Septen
Der delivery of middlipg uplandS, say 81 96;S'
e fully di. counts all reasonable expectation o. III
f prOyemcuU AS to Surut cotton, 10 doubt
. shall pass through Il time OF weakness and VHi
heavy stocks but il seems doubtful II niue
e lower prices will be gstahlis he'd. Both trade ~
r export demand are now so good that hJidc III
: not likely TO press thg!r stocks, and III the mt
grades il is possible we have already seen II
7 bottom The continent having taken the san
: as last year from Bombay, and LETT all nc exec
for England. VIII likely buy freely Ill TINS ma
f ket during the summer AID autumn. Takl
= all things into account, we do not see that al
: change of importance is TO be expected III on
v market at present The stock viii rapidly il
crease and probably exceed 1,lO"OOO bales
n June: but with cheap money and Splnners 81
; posed to keep up their stocks we do not thin
. holders will show much weakness