The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-10

| SiuuIl 70 ne worthy OF nOtlCe. PrlceS are
nominal and unchanged.
| GOOD Ordinary. ....................9I
Wy now ,HIlluuuilg '''.''' ACKNOWLEDGEMENTS. 1913
Mluullng ;:........... ............... 1919
| GOOD middling. s.,......................l 1917
M ipti ;.''..,'. lls
! Inc 81. LOUIS cotton exchange has, by an
almost unanimous vote, decided to estab
fish call board. Dallas will follow suit, it
Is hoped, next season.
The depression in the cotton market con.
tlnues all over this country and in Europe.
The premonitions are for lower prices
Liverpool again receded n sixteenth and
slosed dull and easier. The New York
market seems utterly demoralized, and de-
clined again to-day. New Orleans closed
easier, and Galveston weak and irregular.
/ The decline is no doubt owing to the fact
that the worlds visible supply is greater
than ever known before, and that the spin
ners in this country and Europe have
larger stocks on hand than last year. There
IS also growing opinion that the Weld in
this country will prove larger than the esti
mates represent it to be, and these. with
other causes, conspire to bring about the
results as stated above.
IN Liverpool the cotton market opened
dull and easier, but during the dav prices
declined sixteenth, and the closing tone
oil the exchange was the same as at the
opening. TIE receipts were 1890 bales.
Sales 5000, of which a,oGJ were American,
and GOO for expectation.
New York opened dull and depressed,
and actual quotations could not be given,
The market was weak and nominal during
the day, closing dull and nominal, at de-
cline of sixteenth, middlings, III. Sales,
3lS.
New Orleans opened quiet and closed
easier, middllngs, 1li. Sales, 1000.
Galveston closed weak and irregular mid
dlings, III. Receipts, lis. l,Sales, $50.
The cotton movement shows the net re-
ceipts at all the ports to be 6S,Slj, against
lU,Oi9 the corresponding day last year,
decrease of 81 ,20i bales. The exports to
Great Britain were AZ 100; continent, $685.
France, 265; channel ports, none. The
stick on hand at all the ports was 1875, 3l9
We clip the following articles from the
lnter-Ocean, with the remark tina. it is as
serted the bears formulate and circulate
these reports to give the bulls courage to
invest in futures. The outlook now is not
encouraging for better prices until the
worlds visible supply of the staple is mate
rally reduced
Cotton received knock between the ewes
yesterday and u general stampede among
the longs resulted. Ranger, the biggest
trader in the New York cotton market, I'M
loaded large lot of spot stuff ON the bows
and the decline followed. New York
houses said that the operator named would
buy the May or June option when the
market got down to his price.
The Chicago cotton houses are loaded IN
to the sky windows with March, April and
May cotton at high prices, but the opera.
tors with nerve are buying more on
scale orders down. They have seen cotton
down To last nights level before, and have
bought 1t and secured handsome profits.
Ihey expect to repeat the operation. One
Chicago house received the following dis
patch from New York yesterday
I'VE don't think the cotton market will
vary twenty points in the next two or
three weeks, or until the March contracts
are liquidated. Thenwc expect an advance
of halt cent pound. Ii is big purchase
for long pull
The Graphic has this on cotton:
our advices from the Atlantic States
point to decreased acreage in cotton the
coming year, and state that much more
attention will be paid to raising food sun.
plies than usual also, that the use of fer.
tilizers will be materially curtailed. The
treasurer OF the largest mill in Canada is
mere, and states that u careful Investigation
of the spindles and consumption of Canada
has been made at the request OF the Cana
dian government, the result of which shows
consumption in Canada of 10000 bales of
cotton for this year This is surprising,
when our eminent authorities, including
Ellison, only allow 5000 bales for Canada
and Mexico
"To the editor of the Commercial Bull,.
tin; In his annual circular, issued in Octo-
Der last, Ellison estimated the supply Of
cotton from all sources, other than tie
United States,at ,060, 900 uales f4OO pounds
each, and that Europe would require be.
sides this 4, 10000 American bales of i5G
pounds each; and to give Europe this quan.
tity and leave America with very moder.
ate supply (Which he setimated at 2,Os0OOO
bales), u crop of G.2l5, 900 would be needed.
Now, without pretending that the wants
of Europe are or are likely to be diminished
from his October setimatc by single bale,
he claims that an American crop of $500.
oOO. will be oil that is required. This briei
and simple statement will probably suffice
for NEST people, But, IL any care to see
just how this eminent authority arrived at
his latest probably not his lasti conclusion,
let such follow me further.
HE begins by estim ating arrivals from
January to October |, as follows
Bales