The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-01


The cotton movement shows the net re-
ceiptS to be 25S73 Dales, against 1896 the
corresponding day last year, falling off of
52,G53 bales. The exports to Great Britain
were p ,O6S bales; Continent, 1904; France
and channel ports, none. The stock on
hand at all the ports was ,013, 793 bales.
THR fall in cotton caught Savannah
spectators for $3.50 600.
Florida's cotton crop of 1881 was ninety
per cent. of the crop of 1850.
Henry Grady writes the Atlanta Consti-
tuition that the cotton crop will hardly
reach 5,5OO000 bales.
A Green county (Ga.) farmer put u flock
of nineteen geese in his nine-acre cotton
field, and they kept it clean of worms with
out injuring the cotton.
The Manchester Guardian in its com.
mercial article, says; The market is quiet
and sales are small with no increase in
business for India and China. The inquiry
is unimproved, and little more was done
for smaller foreign markets, but not suf-
liclent to overcome the weakness of eastern
business.
This weeks circular of the Liverpool
Cotton Brokers Association says: Cotton
has been firm, business moderate, and
prices after iiuCtuating closed unchanged
American advanced Lied, which was sub.
Sequently lost, prices closing firm and UNI
changed. Sea Island was in moderate de-
mand at rather easy rates. Futures ad-
vanced LILO to 3-S2d. in the early part of the
week, but later on there was more DISPOSE.
ton to sell and prices declined Id, closing
l-S2 to LIED. lower.
In order to present the foreign move
ment and position of the last American
crop, the Courier-Journal complies the fol-
lowing exhibit;
European stocks and ailoat
september l,..,,.,.......... 5000 hG3 900
United States exports Septem.
Der to February S,....... 2,i62 900 2,70S0OO
Supply "."................. S,0il,0lo 1856, ZOO
European stocks and aloat
February l7..,....,.......,., l,0iiC00 1,27S 900
Taken by spinners. ,,..,.,.., 1897 900 20SS0OO
The principal point of difference in the
foreign position is the fact that the increase
in the foreign visible supply is $4,000 bales
less than last year, while spinners' stocks
are probably 10000 bales less.
The Louisville Post has the following to
say regarding the sudden decline in cotton
last week; THE break in cotton cannot
easily be explained. There seems no reason
for il. The whole market is oii-badly off.
Those who can hold on 90 their stocks will
pull through safely and at profit. There is
no good reason for the decline, and the shin
will right herself Those passengers whose
enterprise and dash have made them caper
too sportively on deck may be washed over.
board. The old tars-the old sea-dogs like
Ben Branter-will stand squarely on their
sea legs, cling to the rigging, and get into
port AS to cotton. II may be that dealers
realize at last that the crop is larger than
was supposed. Ii is q fact, too, that every.
body a few weeks ago bought cotton. Tie
spectators bought il, Clerks bought II.
Chambcrmaids bought 1t, Bootbiacks-
everybody bought It.. The time for selling
had to come, Everybody was long, and
nobody, very few at least, was short. Now
there are no buyers. Cotton had to fall. Ii
has Mllen.h
In answer to correspondent the Inter.
ocean says duty of three cents pei
pound on the importation OF raw cotton
into the United States was imposed by The
tariff of 1902. This specific duty was about
equivalent to IL per cent. on the foreign
price then prevailing. We exported cotton
IN small quantity 1900 pounds) as early a.
no; by l10l the amount of our export wa.
ep,3l6 pounds In 1900 II had risen to n,
ISo,SOS pounds, the saw gin having been In
vented In lIB. In 1890 the export hat
risen to lN,0o0Oo pounds. Without OK
amining statutes subsequent TO l792, II Il
} probably safe to conclude that there coult
have been no motive for having
. duty on the importation Of raw cottor
after 1870. In. elaborate schedules Of III,
! comparative rates of duty under the severa
tariff acts of 1916, 1924, 1923, 1882, and 1884,
which are at hand, cotton Is not included
The tax on the domestic product OF cot
ton lisa different matter, which the question
does not call upon. us to consider. An expor
|, duty Is forbidden by the constitution, an,
} when during the rebellion ajax on the cot