The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-28
SATURDAY. TO-DAY

uhN-AprllS III IS. I'm lDe ScCOtu ana tnlTu call
they advanced a point but then receded and
closed barely steady at II 81 for the same month.
Sales 1872 600.
SATURDAY. TO-DAY.
February ..,........,,....ll 7S@ll %
March. ........,,.........ll TOLL ISL 63@1 81
April. ....................ll Soil 96ll 81
May .............,......,l2l 2@l2 1911 9idl2 20
June .....................12 290l2 SOLE 1902 II
July, .........,.,,,,.....l2 46@l2 ALP S2@l2 80
August. .......,..........,R 6l@l2 62Il2 45@l2 l6
september. ........,.,~... IL lI9l2 ISL SOL VI
October ..,...,....,....,1l tl@ll GIL lS9ll 10
November. ..............,ll 47@ll ash 34dll 80
December. ..,...........1l 50@l1 sill 37@ll SS
January ....,......,.....ll COOL 67lll 47@ll As
NEW ORLEANS, February 27-Futures opened
steady ut II g. for April, but declined ut each
succeeding call, and closed steady at Ii SO for
that month. Sales 5l,5OJ.
SATURDAY. TODAY.
FEBRUARY .,.'..'.'.''.''''ii ~
March. ...r.,'.,..''''''''li ~ ~ 11gll on
April. .........,..".....ll 7l@ll 72Ill SOIL GO
ay,......,...,.,......ll g3Gll 95Ell S0all 81
June ........,...,........l2 D7@l2 0sIll O5@l1 81
July ........,......'...l2 ~ IL OIL IL
August .-...".,..,.,,...,l2 10 " 2O@l2 -
Septembcr....,. .........n 60 IL snail Sc
October .....u sail 81 III 23@ll 25
November. ..'..,,,',...'.ll 22@i! "a lb@ll ~
December ..,............,1l l2@ll POLL l6@ll 10
January .,..,,.....,.......
LIVERPOOL. February 27.-Futures opened
quiet at an advance of about thirty .second,
but the last reports came in oil as much as the
uuVhlCC, anu IopOItcu hlCuuy NJ ACKNOWLEDGEMENTS
February Murch. '.,,.,,.,...,'.'
March April. ..".........".....,6 35-d
Apfll-Nlay ..,,,.,,..,'..........,D "a
May-June ..............,.......,.G ll-l6@6 45-6l
June-July ACKNOWLEDGEMENTS @6 25-32
july August. ,.....,. ...........b l9-bi
August-September -. ........6 =
We copy the following sensible article
from the Memphis Appeal. For a long
time the HERALD stood almost alone in the
south in the expression of just such opin-
ions, now the leading papers in all the prin-
cipal cities are adopting its views
Wheat, as an object of speculation, is less
| talked of Just now than it was month or
| two ago, and at present cotton futures are
| the prime favorites of the speculatiye-or
rather the gambling-world. That cotton is
! to go up, probably to thirteen and halt
cents, is confidently asserted, and to have Il
| finger in the coming advance is the object OF
the gambling crowd that jostle, and push,
and hurry, and hustle, and shout, and GEES
ticulate at the New York cotton exchange
Let wheat, corn, pork and lard go; cotton is
king of the hour; there's nothing like cot
ton" to make man rich, and rich without
touching bale of 1t. Pay your margins,
own your hundreds of bales-not the coarse
things at the presses and warehouses, whose
contents stick unpleasantly to agentleman's
broadCloth coat, but cotton futures-Cotton
{ vi ptIeT--iluJ Is lllt uIliCle NOEluN Ol II
genteman's attention. There is little
drudgery however, connected with cotton on
paper. Having invested, the operator must
now watch the fast coming kilograms, know
what is doing in every southern cotton
centre, ut the various cotton exchanges, in
Liverpool and Manchester as well as at
Lowell and at the other cotton centres as
well as southern cotton mills, whether OF
not all the spindles are at work; wha
stocks are held by consumer and what by
holders, and what demand, present OF
positive, may be counted upon. But be
fore all this is done the memory, in ordel
that correct Judgment may be formed
must have stored up facts about ocear
freights, railroad charges, shipping move
ments, surats from India and long staple
from Egypt, guano and other fertilizers
cotton-worm ravages, the weather changes
the state ofthe southern rivers, the amour
of acreage. and deliveries and exports. Fo
comparison, there must be an intimate
knowledge of many of these things for a
least five years back Many so into tn
future business without this knowledge @
details, and they fare as the man fares VIII
plays at cards without understanding tn
game, and recklessly trusts to luck ;" The,
, watch the points" licked off on the tells
/, graph; they know that each point is a hur
uTeutll, anu euCn nunuTcutn ABOUT S1DD o.
, u hundred bales, and knowing these thing
/ they shut their mouth, open their eyes an
\ observe what luck is sending them. Tn
:. southern cotton districts, whose operator
q are sure thew know all about it becaus
they see the cotton plant growing IN tn
fields, stand among. the very foremost
D the future" spectators, ana in this wa
contribute thirty millions q year. whic
New York principally gathers up, an
: gathers so gratefully that the cool.heade
!. SPECTATORS lay it down as u rule-fnd OF
4 what the southern future operators are d.
i ing, and then do just the opposite. All
!. which goes, among other things, to prov
J. that the smart men, the practical common
Q sense business people, are the most easil
A imposed upon, credulous, mistaken victim
d of notions and hypothetical conclusions
! any class of movers on the stage of life
n any in the world, and their own futur
less reliable than even cotton futures.
; GRAIN AND BREADSTUFFs,