The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-02

!
New Orleans opened quiet and CLOSED
| firm; midding, III; sales $50 bales.
Galveston closed firm; middIing, ii! sale!
GOO bales.
We have no reports from st. Louis OIL
Liverpool.
The cotton movement shows the net re
ceipts to be 25,S73 Dales, against 1886 the
corresponding day last year, falling on @,
1858 bales. The exports to Great Britain
were q ,06S bales; Continent, S,99i; France
and channel ports, none. The stock on
hand at all the ports was 1,073793 bales.
THE fall in cotton caught Savannah
spectators for $3.50 600.
Florida's cotton crop of 1881 was ninety
per cent. of the crop of 1880.
Henry Grady writes the Atlanta Constr
tuition that the cotton crop will hardly
reach 5,500000 bales.
| A Green county (Ga.) farmer put flock
of nineteen geese in his nine-acre cotton
| field, and they kept it clean of worms with
out ipjuring 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-
ficient to overcome the weakness Of eastern
| business
H his is -MeeK & circular of the Liverpool
Cotton Brokers Association says: Cotton
has been firm, business moderate, and
prices after fluctuatng closed unchanged.
American advanced Lied, which was sub
sequently lost, prices closing firm and I'M
changed. Sea Island was in moderate de-
mand at rather easy rates. Futures ad-
vaneed 1-lG to 3-32d in the early part Of the
week but later on there was more DISPOSE
ton to sell and prices declined 3D., closing
l-32 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 ahoat
September l..............,.. 5000 $500
United States exports septem-
Der to February H.. 2,lG2OOO 279S,OO
Supply. ................... 3,On,O5o 1861, coo
February IL ....'',e..e...1. I,OH,COO 1874 900
Taken nv SINNERS ......... ] gg7, 600 20SS 900
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
saw regarding the sudden decline in cotton
last week: 1.-THE break in cotton cannot
easily be explained. There seems no reason
for it. The whole market is otf-badly off.
Those who can hold on 60 their stocks will
pull through safely and at profit. There is
no good reason for the decline, and the ship
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. 1t is fact, too, that every
body a few weeks ago bought cotton, The
SPECTATORS bought it. Clerks bought it.
Chambermaids bought it.. Bootblacks-
everybody bought it. The time for selling
had 10 come. Everybody was long, and
nobody, very few at least, was short. Now
there are ne buyers. Cotton had TO fall. 1t
has fallen.n
In answer to a correspondent the Inter
Ocean says: A duty OF three cents per
pound on the importation OF raw cotton
into the United States was imposed by the
tariff of 1892 This specific duty was about
equivalent TO - per cent. on the foreign
price then prevailing. We exported cotton
In small quantity 1900 pounds as early as
l77O; by 1871 the amount of our export was
1s9. 3l6 pounds in 1900 it had risen to H.
80, 500 pounds, the saw gin having been in
vented in 1893. In 1880 the export had
risen 10 l24 100000 pounds. Without ex-
aiming statutes subsequent TO 1872, it is
probably safe 10 conclude that there could
have been no motive for having
duty on the importation of raw cotton
AFTER 1870 In: elaborate schedules of the
comparative rates Of duty under the several
tariff acts Of 1s10, 1924, 1928, 1892, and 1872
which are az hand, cotton IL not included.
The tax on the domestic product Of cot
ton isa different matter. which the question
does not call upon us tOconsider. An export
duty IL forbidden BY the constitution, and
when during the rebellion ajax on the cot
ton product was imposed, some doubts were
felt Re 10 its legality, the claim being urged
that il was in effect ataK on the export OF
cotton.
A circular just issued by a banking.hrm
Of Augusta. Georgia. gives some figures Of
the cotton factories in Georgia for the year
Just closed. During the year ISL the Au-
gusta factory, with a capital Of $4,000, de-
clared cash dividends aEgregating 10 per
cent and passed the same amount 70 the
surulus fund. The stock is held at $40 per
share The Grauiteville factory, with q
capital Of sg0 90 also paid 10 per oent.divi- /
bends in cash and passed 10 per cent 20 the /
su-r,lus fund. its stock IL also held at $40 /
per share The Langley company with cap /
rel of s4s1as0 paid a dividend Of per |
seut. fJr the sir menfhs ending June %. /
md viii pay Per cent. dividerd for 81
months ended December - 81 o. III ard
neS l. paid 20 the si0ckholders, and the 4
'fook j. held 81 $50 per share The Enter
prisa company with q capital Of $1,000,
ras lust addcd 50 per cent 20 its capital
rork i made q 10 Der cent. dividend In
.rsh fDr lssi. The sibler cornpany, With
.~rIitrl 81 sa0000 and the John +. King
s-IrrtlarF with q capital Of fi.00000, VII
oor - IN aI,el atiOn, and Their st0cf IL
.freadr considerably shove par
Here are s1rne q the dirioeuds declare1
- Furlish crft0n mills IN 1871. Moorfeld,
a rlr- cent. Albert. u per rent-. Twist, 10
- ~rrf OAK. IS Der cent. Fnrkside, - rer
~ stsriey Nils, y pr cent; sun NJ
- rrinr c1rrr,ary. u pr cert. EoTtc1
'-.-.i-,, -.---l--r.r. a rer ceuf-