The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-14

Galveston closed irregular at a decline Of
an eighth, middlings, Zig. Receipts, 1857.
st. Louis closed lower to sell, middlings
lls; Receipts. III. Shipments, 9l5, Stock
| on hand, 1928.
The cotton movement shows the net re-
ceipts to be 2s ,5O4, against IS Isl the corre-
spending day last year, a falling off of 81
9l7 bales, The exports to Great Britain
were 1875, continent 5, 80, France and
channel ports none. The stock on hand
was ,ll2,lOi.
The following from the st. Louis Re-
publican OF the 18th may be of interest to
our readers as rejecting the opinion of deal
ers on the exchange in that city. 1t seems
the bulls give good reasons for the faith
that is IN them, but the "bearsn pocket all
the cash margins, nevertheless:
Yesterday was truly day of uneasiness
at the cotton exchange, and the present
state OF the market is is one of the worst
Eind OF puzzles to the "bulls, who were so
high In spirits and expectations few weeks
ago that they predicted a boom IN the sta.
pie before the.frst day of March. Meanwhile
Wall street helped the New York bears
and with the feeling acrsss the
water to inspire them, thew
made several unsuccessful attempts
to break down prices. The "bulls" laughed
ar the attacks. and for 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 at above quotations, so conf
dent were they that the market must adj
vance ON account of generally acknowl-
edged short crop.
But alas the bulls find themselves
engaged in another fierce struggle, and
whilst 1t Is yet too soon to venture any def.
mite prediction, it would not be a very
strange thing if cotton should take notion
TO stay where it 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-
Ultimate dealers, just so they make money.
The bears at the St. Louis exchange
Yesterday were very jubilant, and in point |
ing to the figures on the black board so ia !
v9ra1ie 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.
-, Ihere Is another side to this question, |
though, and the men who really have shown |
genuine grit and lots of back bone are the |
bulls" A leading factor--known here |
and elsewhere as an enthusiastic" bulr'-ap- |
preached the Republican representative on
the floor and said: This thing is not as bad |
Tor the bulls as the bears pretend to think. |
have seen the time when cotton was so
high | could not afford to buy pound: but
since have had money and been actively
engaged i'll business, never saw n time
like this when could not make
LARGE PROFITS
Before 1t IS over. | am going to make a
pocket full of money out of this, or else NV
Judgment is very poor"
Whilst the New York market Yesterday
closed unsettled and irregular at a decline.
New Orleans closed firm. Commenting on
this fact, bull" said:
In New Orleans, where they deal in cot.
ton and not in gas, and where the strong
men are under cotton, the market did not
decline under yesterdays Wednesday,
quotations, and closed firm. Ii 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 ago
May contracts were at a large premium
above spots-large enough to enable deal
NiS " Nniig Npttoll anu MAKE money, MAY
selling at q points above spots. A few DAYS
ago it was SO. On the 10th of January NAV
opened at 50 to So. The selling of cotton at
i .52 in New York for February is equal to
the selling of wheat for only 81 per bushel;
and this too, in the face of
SHORT CROP.
The people can draw their own conclu.
sions.h
Several 'bears' heard these statements
and remarked that the bulls" like drown
hg men, are catching at straws.
Another "bulP' stood before the black
1card at $3.50 7. NJ, and after going over the
lgures carefully was heard to soliloquize as
ollows: .
New York went down 10 points from the ,
opening and New Orleans advanced 3 points
1t the close-a disparity of l6 caused main
by the failure of Preston Il Co., of New
ork. That concern was long in cotton
Ind their collapse CAUSED small panic
here, which made the New York market
irregular and UNSETTLED