The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-02-16
COTTON.

letin says:
Seeing the price of cotton spoken Of al
most daily by all the leading. papers as be-
ing &c. to 1c. above a parity with Liverpool,
infer that this is the general impression.
1t is, however, far from the fact, as shall
show further on.
But, first, it should be said that there is
no reason why there should be profit on
cotton between New York and Liverpool,
simply because New York is not natural
shipping port for cotton. AS long, as the
price in the proper shipping ports Charles
ton, Savannah, etc. is on parity with
Liverpool and New York is not relatively
above the southern markets, SO long has
New York nothing to complain of.
The truth is, but little cotton comes to
New York at all except for purely specu-
lative purposes. Four bales out of five Of
all that comes is bought by the bears,
and-strangest of facts-when here
all the devices within their power. They
persist in saying, day after day and week
after week, that it is "3@lc. above Liver
pool - that even if it were on parity with
Liverpool. it would then be 1@2c. too high.
In short they say-say with yehemence TO
use moderate term -that there is so much
more cotton than is wanted that there is no
telling how low it may not go, and that
1--WE have only to look to Liverpool to take
our Cotton and ask them what price they
are going to pay for it ~
And vet these same holders of cotton here
so hopeless and so helpless-dread moth
ing so much as that somebody should take
their cotton. The mere suggestion that
some benevolent BULLS buying short notices
with view of actually taking and paying
for their cotton lat this alleged ZOO high
price," of course,) fills them with dismay,
and sets them crazy to buy more cotton
instead of selling what they have
But to return to our subject. Cotton is
not, and has not been "s TO &c. above Liver
pool, " nor "above" at all.
The fact that cotton is bought here al
most every day for export to Liverpool is
sufficient proof of what we say.
II may not BE- said that the exports from
here consist of cotton which holders don't
know what to do with and must realize on.
Why! actual cotton can be held here three
or SIX months and pay 10 to 10 per cent. IN
terest with absolute saiety-that is, by sell
ing summer months against it. What
further proof is needed that no cotton IS ex-
ported from here from necessity and at
loss2
The truth Is, middling cotton is selling in
Liverpool at G.d., equal 13.25c.; low mid
ding is II SIC. in New York-a difference
of .Ggc. (which is a smaller difference, by
the wav, than has existed at any time for
many weeks, which any shipper knows
leaves no less to those whose business II is
10 ship cotton; and all such know that New
York low miadling sells rs middling in Liy-
arpool.
We clip the following articles from the
Inter Ocean, with the remark thai IT is as
ierted the bears formulate and circulate
hese reports TO give the bulls courage TO
invest ia futures. The outlook now Is not
for better prices until the
worlds visible supply Of the staple is mate
Cotton received knock between the eyes
and a general stampede among
he longs resulted. Ranger, the biggest
raider i'm the New York cotton market, UNI
loaded large lot of spot stun on the boys
md the decline followed. New York
houses said hat the operator named would
buy the MAY or June option when the
market got down to his price.
The Chicago cotton houses are loaded up
% the sky windows with March, April and
Nay cotton at high prices, but the opera
ors with nerve" are buying more on
Gale orders down. They have seen cotton
logn % last nights level before, and have
Fought il and secured handsome profits.
rhey expect to repeat the operation. one
hicagO house received the following dis
,atch from New York yesterday;
I'VE don't think the cotton market will
AIRY twenty points IN the next twO or
hree weeks. or until the March contracts
ne Inundated. Then We expect an advance
fbali a cent pound. IL j. big purchase
or n long pull
Tie Graphic has this on cotton:
DOur adyices from the Atlantic states
,1int TO a decreased acreage in cotton the
1mrug year. and state that much more
.rtention will be paid % raising food sup
lies than usual. also, that the use Of .r--
l.izrrs will be materially curiailed- lhe
-aaaurer ofthe largest mill In canada d.
are. and states that a careful inye-fi-afi1n
.fthe srindlcs and C0nsumpilon u tai.iaa
81 f,.sr made at the request 0i the Cana
.isn government. TIE result ~ which shows
f.-.rleururtion fn Canada of luiou bales 81 .
rff0n f8r this year. This B. SURPRISING, f.
hen 0ur eminent ruihOuties- including
.TIis1n. ouiy allow 800 bales ior Canada
I'D Merico."
m rowutr.In lie work on tie structure
e tf.a f-.rrrn fore. shows q fscf not Eeuer-
III -. fi.rf a-1eriern cotton boasts Of
..-.rrr.r-rtivelr siIoTt lbre- We have ger
--TIT 'riafuf-f b. ruise TIE Finest cotton ln
IL sn-id. ar1 orr good uplnuls sell better
- H. rl--.I-rff N other lands. but. az the
---e tim. i sauuct De- disputed that our
1ffrr D. ii shorter staple than Inst % many
ffar counfries that We have distance1 ns
--Frrr.- rrc0nraa our sel-isllud cu--un
/ ~. fra.+ -risaf ard with the Longest
80 r-r-nrfnr ZW inches. The c1t-
ii .--rar On the Pacific ISLANDS runs
- L f--frr.ss inches Oh lelcif- tlaf from
...-r-~srr Is irrhes. inst fr11l the Peru
- rrss- ard Errr-. 80 tLsf f-lm The
81 fsiarls. ~ E-lzlirn lfi " - IN
- rrFfrrlr orleans. rur ffef grade.
b. Tr1rrIs d. ard Ieras c1-ton- -.
80 fl.s Inl1n lrales run rum - %
~. IA. .r.... r-.--s-7r- -r-- rrerr 10
~ - RS 81 sf-rle. De- e. iar alsll ln