The state chronicle., 1892-05-01
Market Reports.

NEW YORK April 3O.-Messrs. Hub I
bard, Price & Co., in their daily coICon
ciI cular totiay say
'Our cabI from Liverpool this morn,
ing advised a decline OF from o4 70 D o4o
for future-. TIE market was reported as
weak and dropping. IN cOnseque nee OF the
decision of the employers ASSOCIATION oI
Bolton and the intention OF one Oh tne
foremost spinning districts In Lancashire
to adopt half time Whether this is IN
tended as a cOercive movement, or Is mace
with view of forcing the operatives ~
ttrms is not stated Our cables Iurther
advise that there was Tumnr current III
Liverpool that BradStr cts reporC Wn lch
WIS issued this morning. would sho" d
reduction in acreage of only ten per cent.
1t was evident that tire report was No
known in Liverpool before the cioSln! ol
that market. AS published THIS mornluS;
it may be summarized as follows: Aotai
number of replies received, 2 37o, covering
every Southern State Indicated reductlons
iu acreage 20 20 25 per cent, ranging from ~
per cent in Texas to 40 per cent III North
Carolina. In fact as 1t was publlshed III
one OF the morning paper, 1t was not gen
orally known or understood until att.r
trading had commenced here. Opening
pi ices showed decline of about points,
as compared with last evenings Hgure<,
but undr the stimulus of the above lnIof
ma ion, rapid recovery ensucd and hnal
| figures were the highest OF the dav,
the market closing firm at an advance
| of about points on yesterdays prlces,aao
8 to 10 points over the lowest figures OF TO-
| day. The advance was not, however, eS-
| tablished without opposition on the part
OF the bears who twice succeeded In fore
| ing decided re action, at the cost, how
| ever, of largely increasing their Obllga-
| tions on the short side of the market. In
| fact during the past few days. The market
| has betrayed the existence of an unusually
large short interest. Later cables from
! Liverpool acknowledging The receipt OF
the correct figures of the Bradstreet re-
port express the expectation OF sharp
advance in prlces there on Monday as re-
suit, and say that the stocks of manufac
tured goods in Manchester are belCg re
duced as result of the lockout, to point
that is a guarantee of very substantial
demand for actual cotton as soon rs man
ufacturing operations should be generally
resumed. Spinners have bought almOs
De-third less than their usual supply o.
raw material during the past thirty day
| and their supplies must be reduced to {
very low polut"
Receipts at the ports for the week ar,
es tim ated at 1000, against 900 last Weel
and 1000 last year.
/ The crop movement for the past weel
was IS 900 bales, against 65 600 bales 70
the corresponding week last year.
The total movement since September
, is $50 600 bales, against s. 1915, 900 last year
an increase of 4O3 900 bales. The visihl
f, supply of cotton in this country is as fol
lows At the ports, Sla.(O0 bales; inteYio
i towns, 265 900, against 465, 900 and 213,00
=. respectiv ly yeac ago, an excess of 400, &c
4 bales The visible supply of cotton in th
4 country and Europe. of all growths,
034, ,GW bales larger than last year Th
! New York stocks is 3S2 600 bales, agains
) !3i 900 year ago.
The spot market is quoted dull at III
changed quotations. Middling upland
re. Sales SS bales.
Transactions in ,Utures to day 7O,Ot
Is bales