The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-08-19

d4 9eaNC VI 'ne anarchy IN Egypt aud this
advance had somewhat STRENGTHENED the ,.,,,ar
III market for some time there WAS n uansS A.
ring me negotiations Of the conference Sitiinc AZ
Nonst1nunuple, but as il became iueraasinslW
Sie3 , tnS. me situation In Egypt was going mon,
bad 10 worse, further wave Of specnlaii,,, &C.,
over Egyptian and all lOngslDii rnft,r ~ 80, -
uuSNy advance shn the past ten tays ma
upward movement has been yery rnTiS AMI
gVo1 AR egyptian Is nov quo.edlit. a. or about
Rre1i NJ a'"'i tnf lowest point ct the spring
mas also advanced largely ana M
eueCt mas been felt All over tbe
market Inc increasing strength OF the Aneri~
can hRWes has also attracted n,tentin, SnJ
caused quite an uneasy feeling nmnT,r ~, ,r "',,
aau SP'hheIS have been free buveis his mast
ncth' causing the quotation ofmlddlluEuplsuds
70 DC advanced 20 LODI September delivery IN
~ ~ T hku'e anu November December to
~ W To-day the tone has been dull. Septcm.
per delivery closing AZ Z l.Sad and November.
pVNchoer a. OS SucUtS without advancing
pcIVcpu0ly AZ any given time having yruduAl.
~ mstlehed' and have gained nearly
~ ~ mIeh as American during the month
Inc Whole market has been ptryadrd hv N san
eulhe tone lately, though there is little bona iils
spy ulauoh N Liverpool, and the strength comes
tniel! ron the trade demand The Shameless.
Vt market during the month has been decidedly
dull, except in the products OF Egyptian cotton
Mniyh nave advanced largely in sympathy With
iue raw material. This department vi the mar.
N.Y. IN lute apart from the Others and has no in
Huenee over them The general trade Of Man.
chester Is undoubtedly unsotlsfactSrv aud In.
crc@Angly SO, The constant hardening OF the
raw material which has gone ON for tWo
mon ths, has made position which was bad 10
S3eSiii WIN sun worse ana we hear the most
9oelul complaints from the great mass of pro
Hucers, particularly from the manufacturers of
Notth Lancashire. The OspCcts of our market
nave somewhat altered In the past month and
Tue chahge has been In the direction OF greater
strength. This has arisen from two causes
hrst, the remarkable drying no of the American
supply ana, second, the increasing danger of a
great disaster to the Egyptian crop With re-
eaIu 10 the American supply, every enc fOreSaw
Il light time In the autumn but MS the trade
were going largely upon Surats II was supno,rd
thut they would greatly reduce their takings of
american, ana as there appeared to be little risk
vi ~ corner being formed, it was believed we
would pass through the autumn without nuy
SERIOUS enhancement of value. These expeCtn.
HonS nave not been realized so far The trade
pom III thls country, the continent and America
nHNS continued TO buy American cotton very
uLvviY ana supplies have run down So rapidly
tnHt severe scarcity seems inevitable
NO doubt much depends upon the
reserve stock held by tho irade-nl.
ways adoubtful point II has generally been
assumed That they hold an unusually large
stoGk, nut there seems room 10 question this
ana lheir action, both here and on the Cont.
heht rather suggests that they must have held
less than we supposed. At any rate ii is plain
lnat the present price of American is not sun.
.'SAhAs iNNhNtiNNt hlll VI We are 10 Keen even "A
toierahle working stock in September and De-
tober IT is not unlikely that We may have TO
iace higher prices temporarily. The huge rise
that has taken place in Egyptian cotton-say 3D.
70 ~ per pound makes American not look SO
near; and though there is no great connection
between the two desCriptiona--yCt Il certain
sympathetic influence Is felt tending TO more
sangnine views of the course of prices. Tho
condition i'll Egypt rs to the second cause OF
me advance, viz: tho state Of affairs In
LBA nI We can ONLY wyitA with
eaullon; but II must be admitted
that matters have drilled into dreadful state
VI anarchy, and unless u sudden change takes
place the consequences may be dreadful to con
template. II seems now POI. sible that Arabi and
ms confederates xlay fight TO the end. and in.
met lamenatabe injury on the country before
lhey are put down, The time IL near nj hand
when the Nile reaches its height and when il
will be the power of this desperate, if driven 10
eNtreml1yto lay the country under water should
our troops not be able 10 oyerpower MIN before
then; ana should he carry ont his threats and
ueVAslste the country, we are informed that the
greater part OF the Egyptian cotton crop will be
lost In such u case there might bo "A des-
friction OF raw material equivalent To 400 0gO
or $4,000 hulos of American cotton If
however this be prevented by the rapid
success OF our expedition or by his sur.
render the damage done may be confined with.
IN moderate bounds, and perhaps the crop may
sun reach three -tOurthS of Nu average VA
should say that tho advance of 80 per cent In
NV INV VI my ptlsl COlOn quite discounts the
Isst oi these alternatives; indeed some reaction
would probably occur If Arab really surren-
! dered At this stage. We fear however that We
can hardly expect so speedy solution of tho
I Esypuan question; II lms assumed u very seri,
Gus aspect The shocking maSsacres of Euro.
penns that have occurred all over the country
point To u anaucal feeling that will not be Gus.
ny suppressed; and If, rs now seems likely.
turkish troops are to be dispatched To Egypt AZ
| wen iurtncr complications may arise
OF very serious nature The only satisfactory
feature Is the apparent absence OF all real op.
poSlion TO our policy FROM the other European
powers, There seems little risk nj present OF a
quarrel win France about the Egyptian Ques.
tiol, ana THIS is point Of great Importance. We
de not believe the navigation of the Suez canal
VIII be interrupted, NJ least for any length Of
Time, and no argument based upon Its perma-
heht sloppage is worth considering. Locking
proudly at the effect of the Egyptian crisis upon
the cotton trade, We should say that II imperilS
ply of cotton. II effects cbief mo ~
trade, but indirectly the consumption OF Ameri,
can cotton as wed, for II many OF the fine spin.
hlne mills arc stopped for want OF their Gus.
tumary material, probably their spindlos
will, To some extent, be turned upon American
10 lie nn