The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-20

store these hal fmlllion bales in order to place
I the word In the same condition ofsapply which
existed in the autumn of Isl. The stocks left
on hand that year were not exesssive-ihsy did
not hinder corner" which raised prices 10
/ T5sd. to I'D. for middling uplands. and they
will not be excessive this coming tutumn,
should the PRESENT crop be large enough To re-
store them TO the level of NSl. We believe il
will reaaire a crop Of I0NI0 bales to do Ihl,
and we should not be surprised ii il reached
that figure; the season has been very hne one,
and the best authorities though not al ofiheml.
believe in 100000. Assuming that il is SO, We
shall have two crops averaging GO 0a0 balss.
and the consumption Of the world will sppar,
emily reach that figure: ii was little over
LOO 900 last season and Will be 62oltt0
to 500 600 tAis season at these low prices con-
sequently no plethora OF supply Is at all likely
All the circumstances are favorable 10 manipu-
lstipg the market upwards when the weight of
the crop has been dispersed, and II will be sur
prisipg If the large operators IN New York do
not at some time inaugurate "onii campaign.
At the same time 1t is quite possible the depres.
sion may last still longer The prevalent opin.
ion in America is that the flow OF receipts win be
heavy during January, ana perhaps February
and speculation is unusually dead ON both sides
Of the Atlantic AT present. Many think that nd
will be touched, ana this ID guile possible but
il will be q very low price. looking at the past
few Yeas, aud will not last long
England will not get q heavy sup.
ply ut such prices; the continent will
buy largely; American Spinuers will IeDlenish
stocks, and Il will be found as the spring ad-
y0nces that Liverpool will never accumulate
very heavy stock. Our own spinuers viii wish
to keep large, supply IN view 81 autumn con,
the crop viii melt away. We therefore incline
to think that the opening months of the year
will oe the cheapest, and that the average ice
OF the season Will be higher than now rules
The average price Of middling UplandS this
last year was cad the year beo c. e : 1914, and
the one before lhst, l5l6d We shall I've sur
piised If the coming year is not over Ot. per
pound, The crops in India promise to be large,
aud if prices were as high as the supply tIum
that quarter might be as heavy as last season,
but the difference il prices Wll tell upon ex-
ports, as it always does, aud We expect some de.
crease, From Egypt there will be "a large de
crease, perhaps one-lhird OF last crop, ana the
fact that Egyptian cotton sgd. deaTer than
Anne rcan 10 not without lis bearing on the pros
poets of the latter. Nodoubt In Russia and else-
where American cotton viii, TO considerable cN-
tent fill the p ace Of long staples We there.
fore, incline 10 look somewhat hopefully to the
coming year. II is all immense advantage to
start az low prices and we trust that all en-
gagged in our great staple trade, whether
merchants, Spinners or manufacturers, will have
reason 10 think better OF 1885 than OF lis prede
Cessor.
The Financial Chronicle reports the visible
sup ly on January II at 3,2O0,0jG bales, AID the
visible supply OF American cotton NJ 2 5YS, l56
bales, against s. OPS, SlS bales of the former and
2 Clio 90S of the latter year pre- vious The Chron
ic.e has improved its tables by obtaining tcle
graphic reports from continental markets, fur
nishing the latest stock statement
Receipts from plantations were l7l,9S3 bales,
against g6, $50 bales 10 1889 and l0. 400 in $751;
in the corresponding week Last weeks were
81, 600 bales less than In the week ended January
:, and las o. 0 balos less than in the week ended
December 20 of the current season.
The count OF cotton TO date exceeds that of
last year by $500 bales
ast week yarns were reduced In Manchester
"a and shirting ID