The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-09-02

more so to-day than have ever known il In |
this section, from the fact that thr or four /
weeks since all concerned felt assured Of fnil |
crop OF frst'class staple, whilst to-day we |
have been compelled TO admit Il know NO one |
who holds Il contrary opinion as n rule we viii |
~ aver ge u halfcrOp To what do attIib- |
ute this wonderful change in 40 short n time7
IT, the hlishting influence Of the sun, which
has been CONTIGUOUS, together wit. the drying
II iluence THE hot winds
RsporteE-The opinion seems Il prevail that
cotlon requires ho dry weather How is 1t
this season is an exception
Colonel ST. eau only add TO what have al
ready said that continuous excessive h at from
the sun direct aud the hOtwiudS seemed 10 dry
up the sap, stop the growth OF the plant md
cause shedding Of the bloom, us wen, also of
the opening OF many small immalured bolls
OF the middle crop,
Repor.sL-But may we not yet have crop
from the top of the plan
colonel s SHOULD we have rains soon We
will IN many sections expect better result
than we have yet had; otherwise, NJ rain, n
top crop
Re orter.--Then you lolk for higher prices
than rue Nc resent
CLIQUE - BY no means in the near future,
unless a total failure OF the top crop
4pnIter-Pease explain. / don't under.
stand why. with Il short crop. We should not
have higher prices
| Well sir. have thus far confined myself to
loaal facts, as deem them, aud your question
involves 9th mater and facts alr aly csttb.
| lished or general conceded as pert ilniug 10
the creep In general for 1883 and 1851,
Re Orter-What are these iacts2
| Colonel -Wa |, FIRST II is conceded, without
| going into detail, that, with AG0 900 900 bale crop
the average OF the past two years will bs SIX
| aud malt (6 5000 o. mulious, aud sufficient fOi
all requirements aud almost certainty Of an ex
cess As a fact ! will refer you to
the dry goods reports Tor the mas
two months as y the auction sales in New York
ara lsewhero Of dry goods, mostly cotton pr,
ducts OF mil s holding surplus stocks for b Il +
urice'. have not before me the papers, bu
with n the past four weeks have read the par
ti'uuers Of three sales grsgRtug from lively,
to fifteen million dollars and Id At hyay!
loss 10 the mills, as these goods were sold io
account Of the mills and NJ II neayy sac idc Il
give relief to balauCes against them by the on
Germs that ca ny them, aud TO be better provided
for the future
Reporter What does this arguo9
Colonel S.--ACcording TO my understanding
OF all commercial matters, no prudent business
man would sell his product IN hand alta sacrifice
and at Il loss unless he knew full wei
! or fel sure that the hane churacte Of good
could or wO ID be- placed on the market AT evei
lower figures Than ne REALISED IT m his sale ait
that In tue very near future. As have III
best opportunity 10 know, / viii stare 10 my owl
knowledge, that m my of these goods were sol
for account OF some Of the be- managed an
most su csssful and la geit cotton mill IN TN
Il country, hlu I AouI II hlhNt Nut
u the mill prOdut, as Il rule, Is placed In tn
n hands Of latg mOneyed concerns, whose caI
& tails -most dnlimit d, and VINO, II the ouloo
II was favorable, could carry, and wOuli carr!
+ goods indefinitely at about per CeLt, not q
G Ceeding per cent in any Ease
e Iundersiand, further. that these sales on
G represent part In SINE cases, Of the surplt
n held by these Ills. AT d attach much moi
9 importance TO those sales ION the character
d the mil 3 and high standing IN the conmercl
y world which they occupy.
Il This season has established beyond dou
IS that the cotton crop is II -ver safely made I'LL
Is Is picket, giuued and bAlpd.
II have iven yoi my h nest opinion as TO u
n crop aud only wish that felt justified by Il
facts TO state the reverse Ms 1t would be NUT
ar more popular aud suited TO the wish aud int
~ est VI MS all.
Is Worlds visible supply Of cotton Sep emb
10 ls': l,7S2 10j; last year, i,3i25I.
y, The receipts In this city to-day were 30 bal,
L. yesterday they we're 3s bIles
ct The closing tone Of she centres ranges frC
II steady TO firm. Manchester is steady,
~ TO.DAY's QUOTATIONS,