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

COTTON.
THERE were a few scattering bales on the
market to-day, and slhattering by rail-
road, but the roads in all north Texas are
i'm such q condition that planters ind 1t
impossible TO bring the staple to market
The higher receipts are no evidence that
the crop is exhausted, and when the ldes
of March have come, it will be seen that our
footings will be far in excess OF what many
now calculate they will be. There is no
change in prices and our quotations are en-
tirely nominal. We 1--WE them as index
TO dealers in surrounding towns, who look
to this city alone for reliable prices.
Good Ordinary ACKNOWLEDGEMENTS.
Low middhng. ...... ..'...'..'''''''''''' ii0s9
Middling :....,..... ...... '..'''.'''.''''' rye
Good middltnB rvs
Middling ialr. li7S
The Liverpool cotton market was re-
ported dull and easy at the opening, clos
inr steady at a decline of a sixteenth, mid
diings Gi, Orleans g. The receipts were
e, 900, sales 5000, of which 4, 800 were Amer
lean, and 5000 for expectation.
In New York the market opened quiet
and nominally unchanged, closing dull
middlings, u; sales, 525
New Orleans opened quiet, and at the
close the tone of the market was the same,
middlings, liz; sales, 1000, :,
dlings If receipts, Az sales, 800.
st. Louis closed quiet, mlddlings, III; re-
ceipts, 1872; sales, 800; shipments, 773.
Stock on hand, 8l,SS3.
The cotton movement shows a decline
of 80, G92 bales since the last weekly reports
The net receipts at all the ports were AZ $50,
against 7S,347 the corresponding day last
wear. The exports to Great Britain were
22,5O9 continent, 1897; France and the
channel ports none. The stock on hand
at all the ports is 1,14t,293, against Si0,36l
on the 4th of February last year, an excess
of 303,932 bales.
BRApsrREEr's cottc2 report this week
says that only about s per cent. of the last
crop mGins unsold on plantations and in
gin-t onscs. The financial necessities of the
planters have compelled them to sell their
cotton early. The reports indicate that the
acreage to be planted in cotton for the crop
of 1SS2.S3 is likely to be much less than was
planted last year, and particularly in those
districts which suffered most from the
drought OF last summer, and where, as
result, both money and provisions are
scarce. From some regions the reports as
to the condition of farmers, especially the
poor ones, are almost distressing, and it is
evident that many who planted last year
cannot plant this year A large quantity OF
land has already been planted in wheat and
oats, and still more will be put into corn.
There is not a well-informed gentleman in
the south who believes that only about,
per cent. OF last years crop is yet in the
hands of the planters and at gin-houses.
In regard to the financial condition of
the planters, we know here in Texas
they are in this particular better
situated than ever before, nor do we be-
lieve in any southern state even the poor
farmers arc in o condition almost distress
ing. And again, we believe, from all the
information at hand, that there will be far
more acres planted in cotton tins year than
in any previous one. In regard to cotton,
demonstrating, and affairs in the South
generally, we think Bradstreet's the most
unreliable paper in the whole country, and
vet IL makes great pretensions OF its vast
means to obtain reliable facts.
The Democrat, one of our most
prominent authorities here on cotton, sends
us the following article:
II ever a community on earth were living
in a FOOLS paradise, IL seems to me that the
European bears, whether spinners or specu-
lators. may now be said to occupy that posi-
ton. In order to demonstrate the truth OF
this statement, let us analyze the pros
poets of supply and consumption for this
year for the world at large, IN ne llght o.
known facts. We know that with the last
crop of G.GO000O bales and supplies from
an other sources of $4,000 bales, and
stock at the opening Of that season OF SD.
900. making total supply for the year OF
p 2Sl 600 bales, the worlds consumption
was so active as to have closing stock on
October 1. 1881, only 10000 at all ports OF
EureDe and America, so that the consump-
ton must have been s,090,000 bales IN the
year ending October /, 1851. All the al
vices mn 10 quite a recent date have repre-
scented that EurODean spindles were work
inr even more vigorously than last year,
and consumption has recently been esii-
mated by the highest authorities at J,oJv TO
5000 bales per week IN excess OF that year,
-,or have we vet heard Of any closing Of
mills on short time in any part Of the
world. ID would be fair, therefore. 20 a.
sumo European cons uInptiOn az some eE-
cess on last year.
Rrf shall not assume any excess flr
Turope. bat merely take IL a. the same as
last ~ For Americans ~ would be a1-
-T,r.l. 10 40 the same. for the rapid increase
- c-.--sr-1rfion fn the United States j. well
tnoVn aud admitted. and, between north
and south. Is believed 70 require Dl.Oy
baies in excess Of last year = takings, 80 thai
- the worlds consumption we may esfi-
male a total Of ;. Z9O.Op0 bales, against 500,
Gl0 last wear. Nov, as 70 supply:
The opening stock was l.laD.po bales IN
ali Fur5pe and America, October /. ls,i.
~. 4 roarioan erop cannot possibly exceed
5 90 90 bales. and may be much les but
~ viii take 5400,00. Supplies
from India, Egypt, etc, are believed
~ r,-urriae some ercess over lasl yeafi
and rre shall assume these as z,lJu.o1D bales
arriusr ! -. 900 lasf year, an ercess % 81
90 bales. This t0uld give total worid,s
suuuir f1r the year fincluding TIE stock
I'D October i. ISL Of 6l11lyy bales-
F~0rn this. deducfiug c0nsurl fiti0n ns
ei.o~e : 10nG0. there j. lef for total s-ock
al Al r,o-fs. Europe and Afnerca- On Geo
f.rr \ 1ssz f0001O bales. en- accouuf the
rreaf bulk Of vhich VII be required m ne
r,ife5 1fr+esf r.orts alone. a. g tasis f1r the
e~o-rurus busif.es- in fufurHs nov csrrie1
a. IN Nsr York and NeU Orleans. ne l1t-
IL po-f having had transactions 81 Orer