The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-24

below $4,000, while there was much that made
| S&00e probable. OF course. recent
developments have brought estimates
instead of 5s4 to SiA but the
actual extent of the crop is still an open CUES
ZION. Moreover, while recent Developments
nave LED 10 reduction of 509,00O bales in the
American crop estimates, they have also led 10
an enormous Increase in the supply nom other
countries while they have also demonstrated
that the stocks of cotton goods all over the
world are so excessive that an American crop of
even 65OO0OO max be more than the world re-
quires at present prices The short crop people
shold remember that according to their view the
price ought now to have been at 7A@7hd
whereas Il is 6kd; and the fact that il is at
. lid with shot crop makes one quake with
lear vines one contemplateS the chaos which
would have existed If the crop had equalled that
OF last season suppose this crop to be only 500.
W lanu we don't say that 1t is so small, the
oVOVO bales surplus from last season still gives
SopOOJ bales, or about the same rs was used
last season, against crop of $3.50 b IN the sea-
son before and 5O7400O IN the season before
mat Where, then is the scarcity And this
takes no account OF the large increase in sup
plies from India, Egypt and the BrazilS
with Manchester doing so wrctched a bust
ness mat she Is compelled TO resort TO short
time, why should We be anxious TO see an al.
vance IN priees' The entire rise would
spectators, and out of the pockets of
Lancashire spiunerS Taking the situation
rs whole, say Messrs. Smith, Edwards x Co,
we fear Lancashire has but poor wear before
IT, ana any rise in cotton which may occur will
come out Of the pockets of the trade The only
remedy for the present unsatisfactory state of
uaue Is decline in prices, but 1t is doubtful ii
thls can be secured without short time" and
lhata reduced rate reproduction will take place
some time before the close of the season. there Is
not the least doubt in the minds OF those nc
9nalnted with the real position of affairs
II cotton was at 5l-2d TO Sid, as
II was last May, with Manehes-
ter doing well II would be different matter, but
II Is ut 6hd To 6A, with Manchester doing badly.
AS To the threatened repetition OF corner In
autumn, our readers may take 1t for granted
thatsuch an exploit Will not be attempted this
season. The game is not worth the candle /
Moreover, Liverpool will carry a larger stock
throughout the summer mouths than last year
Lastyear she did not get her fair proportion of
the world supplies, and had to pay I'D to sid
to attract the requisite quantity, but this
year she will get more than her fair
proportion: and it may be- as has frequently OF.
CURED before that what appear now TO be the
strongest positions in futures will, when they
come round, be the weakest Spectators.
When they Fix upon position are likely 10 wit.
ness nigh prices, appear to think that all opera
Tors except themselves are asleep; whereas spin
ners ana importers are equally alive, and when
tne tlme comes round the specuator finds that
no one wants his cotton at all events not at the
price he paid for It, This is tolerably certain To
De the case in respect of ut least some of the
contracts purchased this season.