The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-18

farmers received fully $50 per bale, which
in the aggregate makes the nice little su m
OF 81 10000 for the one item of their pro-
ductions. While it is true that 3 larger
acreage was planted last year, than in 1880,
the aggregate yield was fully as much, not
withstanding the drouth, and brought fully
as much cash into the county.
The New Orleans Picayune concludes The
cotton crop will exceed the estimates. 1t
says the January report of the National
Cotton Exchange besides revealing the dis
crepancy of 1856 bales in the port re-
celpts, to which we referred yesterday, con-
talns some other points that are worthy of
special attention. The multiplication of
routes OF transportation by which the great
staple can be moved out of the cotton belt
renders the compilation of these statistics
a very difficult task. The impetus which
has been given to the movement by way
of Richmond, City and West Point, Viz
ginia, is owing to the consolidation of sew
eral roads in that section under what is
called the Clyde Syndicate. A splendid
system has been built up that is reaching
out for traffic as far South as Atlanta, Geor.
gia
The overland shipments, however, de-
serve attention from a general point OF
view. At the close of last season we took
OCCASION to comment upon the rapid de-
crease IN the amount of cotton taken North
by the railway lines, and the consequent
Increased proportion OF the crop handled az
the Southern outports.
But the position has been reversed this
year, and we find that G3S 900 bales OF this
crop have been carried by the railroads
from the banks of the Ohio and Mississippi
either direct to the doors Of the Northern
mills or to the seaboard north of the cotton
/ = f,,r III, 1
ing period, the figures were 4S4, 600.
VI tins amount no less than -, si5 bales
have been actually taken from the gulf
ports and carried north by rail to the inter
Tor mills beyond the cotton belt. The
Louisville u Nashville and Mobile & Ohio
Railroads have taken north from Mobile
o5,U9l bales. New Orleans has shipped
north over the Louisville Il Nashville Rail
road across the Ohio 5000 bales, and the
Chlcago, st. Louis & New Orleans Railroad
has taken from here 1922 bales through
Cairo, while Galveston sent through Cairo
st. Louis and Hannibal S,2l2 bales. With
the corrections referred to above the total
amount OF the crop that had come into sight
lncludlng stock at interior towns up to
December 81, 1851 aggregated 3,9992S9,
against 4,0i7 ,2S2 last season, a deficiency of
only 5000 bales 1t is contended, however
that the weather has been propitous for
moving the crop to market, and with the
attraction OF good prices much larger pro-
portion has been marketed than usual.
but, at all events, 1t is pretty certain that
there can be no such deficit as was at one
time feared, and with the improvement in
quality this season and the advance in val
ues, the returns will probably be larger
than last year. The financial condition of
inns section is sufficiently demonstrated by
the ability to carry unprecedentedly large
stocks both at the seaboard and interior
towns. New Orleans alone has been carry
ing something like 100000 600 worth of the
staple without any very severe pressure
upon the money market But it must also
DC Dornc IN mind that what the South con-
suhes Is also relatively dear, and that we
must pay, out during the eight months to
elapse before the next crop natures a much
larger sum than last year.
IHE Times-Dcmocrat of the 18th saws
notwithstanding that to-day's port receipts
are only about 1900 against p 800 bnles
the corresponding day ollast year, and H..
90 bales last Saturday, following upon n
week. receipts, showing falling or y 900
BALES rs compared with last year, the mar.
ket has disappointed the bulls in falling to
advance. Spot cotton closed dull nj nm
changed quotations. with sales ofonly about
2Oo bales. Futures opened about fonr
points above yesterdays close, but lost the
advance and some four points additional.
rallied again, however and finally closed
steady at just about the closing flo.
ures of yesterday. The discovery Of
the fact that 10000 bales more than
reported by the Cotton Exchanges had been
received ut West Point and CITY Point
since September |, the large stocks Mt the
ports anu interior townss adviccs Indicating
increased shipment over last season from
india and Egypt, the apathctic feeling in
Liverpool, have all tended to depress This
market. Add to this the fact that New
YORK prices sre now above a parity with
Liverpool, aud that futures for summer
months are already much above the pres.
ent value OF spot cotton, and the cost of
carrying II, and YOU have some OF the DIM. |
cultlcS in the way otan upward movement
In futures just now.
LIVERPOOL, January l3.-This weeks cir. |
culnr of the Liverpool Cotton Brokers' As. |
soelat'9h says. Cotton has been in in. /
creased demand with hardening rates for
American. Some other descriptions slightly }
urchngd' Americans, although freely I
ouyrru, advanced 4, excepting ordinary T.
which is unchanged. The Manchester
Guardian, IN its commercial article
thlS morning, says; The market is unictcr
ana there Is less inquiry. but prices nre I
hrinor, olcr, ot BUYERS are mostly below F.
sellers ideas, The prices ur raw material
are stu the most powerful obstacles la
business.