How to display survey calls using the traverse tool?

Yes, there is. If you did not save your traverse to a text file when finished, you can:

• be in an Edit Session, have the Traverse dialog open and blank
• select the shape you want the calls for and enter edit vertice mode (ie, double click the shape)
• in the Traverse tool, right-click the description window and choose Load Traverse from Sketch

You can then right-click again in the description window (may need to click one of the calls first) and save that traverse out to a text file for future reference. They can be loaded from text files as well.

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Now if you want to label the lines with the calls, that's another animal. Parcel Fabrics automatically track the details of the calls in attributes, but just creating a shapefile/feature class and inputting with COGO doesn't. To add those attributes, there's a tool you can run on the shapefile or feature class from within ArcCatalog. It's only available in ArcCatalog (the actual program, not the window within ArcMap) and not visible by default, so you have to right-click somewhere in the menu space and choose Customize. Then go to the Commands tab and type COGO into the search box. There should be only one result - Add COGO Fields. Add that button to a tool bar, then click it to run. Note since you're adding fields, you can't have the file open in an edit session, and in fact you probably shouldn't have it open at all in ArcMap (or ArcMap even running for that matter) because Catalog and Map tend to lock each other out of access to files.

Note that it only works on line shapes. If you're creating polygon parcels, you'll have to first convert them to a line geometry and run the tool on those. It will add fields to hold the bearing and distance of the lines as attributes. Once that's done, you can open the shapefile/feature class up again in ArcMap and use the Update COGO Attributes button (last on the COGO toolbar) to actually populate the fields. Then you can create labels using those attributes. Of course, if you want to label the polygons you'll have to have the line layer in there too with a null symbology, and if you change polygons you have to re-export to lines and re-update the COGO attributes every time.

For this reason, you might want to consider using Parcel Fabrics. Not only does it track more information, but it's all integrated. However, it does require a higher license level (Advanced), has a bit of a learning curve, and is actually much more complex on the back end.