The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-02-16

made several unsuccessful attempts
90 break down prices The "bulls' laughed
or the attacks. aud for n time had every.
thing their own way The heavy stocks
were chiefly held by bulls, and many
them would not part with bale three
weeks ago ut above quotnt ons, so conn
dent were they that the market must ad-
vance on account Of u generally hcknoWl-
edged short crop.
But alas The "bulls" lind themselves
engaged in another fierce struggle, and
whilst II Is yet too soon to venture any def-
mite prediction, it would not he a very
strange thing If cotton should take notion
to stay where II Is for some time, and even
go yet lower. In ordinary years this
would be highly improbable, but this IS an
extraordinary season, and there are so
many schemes and manipulations to
BREAK THE MARKET
that there Is no telling what the specu-
lators may do. There are hundreds upon
hundreds of men whose livelihood depend
on the rise and fall of the markets, and
they care not what may happen to the le-
gtimate dealers, just so they make money.
The clears" at the st. Louis exchange
Yesterday were very iubilant, and in point
| ing to the figures on the black board so IA
vorable TO their side, they tainted the
"bulls" no little bit about the present state
of affairs, and predicted all sorts of awful
consequences to the longs" in cotton.
There is another side to this question,
! though, and the men who really have shown
| genuine grit and lots of backbone are the
bulls" A leading factor--known here
and elsewhere MS an enthusiastic" bull ,-ap'
preached the Republican representative on
| the floor and said: "This thing is not as bad
for the bulls as the bears pretend to think
| have seen the time when cotton was sc
high could .ot afford to buy a pound; but
since / have had money and been actively
engaged in business, | never saw time
like this when l could not make
LARGE PROFITS
Before it is over. | am going to make
pocket full of money out Of this, or else my
judgment is very poor.
Whilst the New York market yesterday
closed unsettled and irregular at a decline
New Orleans closed firm. Commenting OF
this fact, u "bull'' said:
"In New Orleans, where they deal in cot
ton and not in gas, and where the stron{
men are under cotton, the market did no
decline under yesterdays "Wednesday
quotations, and closed firm. 1t looks like
people. who understand the cotton business
are afraid to sell future for less than they
can get for spots"
Another 'bull;' called attention to the
following facts: About four weeks age
May contracts were at a large premium
above spots-large enough to enable deal
ers to carry cotton and make money, May
selling at q points above spots, A few day
ago it was 50. On the 10th of January May
opened at 80 to So. The selling of cotton a
II 50 in New York for February is equal t.
the selling of wheat for only 81 per 5ushel
and this, too, in the face of
SHORT CROP.
The people can draw their own conclu
siOns."
Several "bears' heard these statement
and remarked that the "bullf" like drown
ing men, are catching at straWs.
Another "bulr' stood before the black
board at 1880 p. NJ, and after going over the
figures carefully was heard to soliloquize al
follows:
New York went down - points from The
opening and New Orleans advanced 3point'
at the close-a disparity OF l6. caused main
~ by the failure of Preston d Co., of New
York. That concern was long in cottoI
there. which made the New York market
irregular and unsettled"