The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-27

THERE were no new features developed In the
cotton market to-day. Prices remained at about
the same figures as at the closing last week in
Liverpool aud at all the American ports. In
this city quotations are nominal
Good middling .,."..."....".,. .....,".nh
Middling ......................,.. .10A
Strict low middling Observation-Disclosures
Lowmiddlng Observation-Disclosures, Va
Good ordinary OBSERVATION-DISCLOSURES. .lOA
Liverpool spots opened easier; middling up
lands, 6S midding Orleans lilo closed, mid
ding uplands, 6 1915; adding Orleans,7. Sales,
90 export and SPECULATION, LOCO; receipts,
$500; merican. Zoo.
Galveston spots closed steady middlings Tx.
st Louis spots closed steady, middlings r.
New Orleans, spots closed quiet and firm; mid
ding 1914 Sales 600
New York spots closed firm; mddling, l2s
low mlddling, 1l%; COOL ordinary, lolt'le
The cotton movement shows the net receipts
to lie 2,e5I bales The exports TO Great Britain
were 7,igi bales; continent 5TS7; France and
channel ports. none. The stock on hand at all
the ports is i2,06O bales.
AE,sRs. SMITH, EDWARDS & CO.. In their
circular, issued on the 7th, observe that
the prospects of the cotton market have not ma.
terlally altered during tbs past month. The
Am, rican receipts ave dwindled rapidly, show
Ing that the old croD is practically exhausted,
but the Bombay movement has continued I'M
mense and far beyond what any one expected.
II now seems probable that Bombay will ship
nearly half u million OF bales more than last
year by Both June. This vast addition to our
supply has eff, ctually prevent u cotton scar
city, aud enabled us to tide over the season com.
f0rtably In spite of an extremely short American
crop. India has, indeed, wonderfully come To
our relief IN various ways, for her large ship.
ments of breadstuiis have also maue up for the
deficiency OF the American grain crops As we
obs rived III our last report Surat cotton Is now
going SO freely into consumption that the strain
upon American Is much relieved, aud
is much shorter than last year,
and stocks Will run pretty low IN tho autumn,
there Is no reason TO fear a scarcity, nor so fur
as we can judge "A corner" The cotton situa-
ton must therefore be viewed from the stand.
point OF aggregate supply, the state OF trade In
Mancheste aud the prospects Of the new cotton
erop In America. To all appearance We shall
autumn. The visible supply for Great Britain Il
"a 900 bales more than last year, but for this
continent Is 325,O . short Of last year We may
expect an unusually large export demand
corner last autumn and some BOO bale,
drawn from the continent Our own spinner,
wefe almost completely drained OF cotton las
autumn, aud will no DOUBT keep mp fair working
stocks this year so we expect the figures /,
ehaege gradually, and the present visible sur
plus TO disappear. II the slight improve
ment In Manchester, which we have already
referred to, develop into a strong revival O
trade. the present price Of cotton will no
appear too hish FOR q permanenoy; bu
II quito too early 10 make pro iiclions on tina
score. We note, however. the iact that spinner,
do not seem 10 be 10 king for CHI aper cotton
and are inclined u ouver their orders as soon al
taken With regard 10 the new American crop
the planting season has not been very propl'ou
thus far, the wea her has been unseasonabl,
cold, and, except IN Texas we think In. plant Il
backward. The uver1os of the Mississippi an,
tributarn : has not subsidized rapidly, and We fca
That some or tho bottom lands will hardly b,
clear 90 wa,vr IN time " pant this year. Til,
general belief In the south Is that less land 4
put under cotton. many asserting that the de
crease Ia o 10 10 per cent. We very much doub
this ourselves. still II II likely 10 nave some In
nueoce On tho MARKET b causing pla tiers /,
look for higher urces FIR u, xtcrcp. and perhap
70 sustain distant futures by buying on specula
uon, With the present feeling In America WI
doubt whether liver prices Tor next urop can b
countet on Till III actual result shows vhethe
American opinion IA right or wrong w
note great difference. ~ compared will
thls umo last year. Then guesses Of zoos, 90
were common We had had several years d
steadily increasing crops III ut last an annus
,ncrvase wns expected as n matter Of course
Snw tue feeling II Just tho opposite The rres
arcrene tnis Var has bcsot Z feeling OF uncer
AMY ana INC arsumcntis commonly advance