The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-31

is given statement giving, first, the
RECEIPTS or COTTON
at the American ports to January l6, the
date to which the report was made.
2. The amount Of cotton shipped over
land to January |. The reason for taking
the movement to that date is, that rs in the
overland movement 10 January | is includ
ell some considerable cotton which has
been received at and counted as receipts in
New York or Boston or some other one of
the Atlantic ports, this cotton will offset
any cotton shipped overland between Jan
uary | and lG.
3. The stocks in the southern in
terror towns at which the cotton ex-
change has representatives, thus show
ing every bale of this crop that has
been actually seen and counted. TO this
is added an estimate for the amount taken
by the southern mills to date; also one.
fourth the amount of cotton that is held in
the hands Of store-keepers and dealers in
towns in the South, of which there is no
record, and also one of the amount of cotton
that had left the plantations before the
date OF the reports, but was still i'll transit
on the railroad or boat and not
COUNTED IN THE RECEIPTS
or. stock at that date. That will indicate
the total number of bales Of this crop that
has left the Plantations. So to that is added
the amount reported rs being in planters
hands and to arrive as the total crop:
Bales
fsft receipts to January l6...........S5I5 8, 500
Shipped overland ......... ............., $50, $50
BLOCKS In counted interior toWns......... 1874, Az
Total amount Of crop counted ,.....4 2a6, 7ss
hsuinats taking OF southern mills"....-.. 110,es,
Estimate stocks of uncountsd towns , 10000
Estimate In transit by railroad, etc 500. l5u, s00
Total, ssy s22 per cent Of rop ...... 1926, 7ss
Add on plantations rs per cent. 59l,42
The above nearly exactly agrees with the
figures published by Bradstreet's, on De-
cember 3, and quite agree with that esti-
mate when allowance is made for the i'm
proved yield reported from some states and
revised Texas figures. The replies also
show that in thlrty-two counties it has been
worse, with which is furnished data show
ing that the net improvement is but of /
per cent. of the crop.
The bulk of the cotton still in the planters
hands is said to be of medium and better
grades, and full reports indicate that but
and IA per cent of the entire crop is still un-
ginned.
The above is a condensation of the report
based on 697 replies from counties growing
"a per cent. of the entire crop.
THE bulls seem little exercised over the
price of cotton, and many of them rush into
print hoping that their views may obtain
with the people generally, while the bears
do little else than take in the margins on
phantom cotton. A New York firm fulmi.
mates as follows:
While We keep our estimate of the crop
at 100000 bales, we think the present indi.
cations point to little under that figure.
nt.l las Of d. ...Lt -. Al.
States to-day is, in round numbers, as fol-
lows:
Bales.
Stock ut ports, 1850 oNs
Stock at interior towns, ........,..,..,, 400 GOO
We estimate the quantity to come in
sight by September |. O5. OOO
Total ,..,,,...;;.,. ,eOo, 900
l,ooV,ooO bales leaving for export and stock
Europe purchased from us last wear 4, SOS. 900
bales. SO far, since september /, we have
exported, say, 1,Sl5,0OO bales, leaving TO be
purchased, If she is to have the same SUP.
ply as last year, 1850 900 bales.
The condition of the market at present.
and what 1t is likely to be in the immediate
iuture are the absorbing questions. With
very few exceptions, the large operators, or
what may be termed the giants of the
trade" are heavily short, and are fighting
the market with all the resources ut Their
command. They have in their favor for the
present, first, the large stocks ut the psrts
and interior towns; second, the stubborn.
ness OF Europe in purchasing the supply
sue VIII have to take sooner or later. and
third, the high premiums paid for CARRYING
contracts nom one month to another. They
are well organized, and act in concert IN
these attacks OF. the market.
Against them there is no organization mr.
concert OF action whatever. The bulls. or
believers in higher prices, are scattered ali
over the country, and buy simply because
they think 1t cheap, and believe the short
supply must put prices higher.
IL can, therefore, be readily seen about
the only element opposed to the bears In
Their attacks on prices is the merit of the
Our opinion Is, they may be able To hold
prices down until the first week In Febru.
ary,. but that after that time they will have
TO give up the fight, for we cannot sec how
anyone can sell cotton short at present
prices after that date without severe lose
On every raid made on the mark az we NIL
wise our friends to buy June, July and
August contracts.
;. The question which naturally presents
i,seli to the mind of every thinkin man l.
u II Is such good thing, why don't they