New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-24
COTTON MARKETS BETTER.

DESPITE SOME SPECULATIVE ESTABLISHMENTS
PRICES CLOSE STEADY AND HIGHER
The market yesterday exhibited all the rev.
erishness that charactorizes the recovery OF
patient from had attack OF sickness. IT mad its
ups and downs good times and bad times but In line
with all other speculative markets the close showed
handsome gain. Final quotations were nve to SIX
points higher than Saturday and the tone was
steady. While Liverpool was In session TINS mar
ket under it's influence Opening two English
points higher with spot sales increased TO the hand-
total of 1900 bales. the early promise was exc
cellent for a sharp advance and sustained values
But the will-o-the-wisp nature Of the Llverpooi
market again showed itself rapid and discourage
ing slump occurred there in the late trading, win
the close barely steady and esd. below Saturdays
finals. Our market fell ten points until the drop at
Liverpool attributed to heavy selling there by
great Greek house, the biggest in the trade whose
representative at the same moment was buying
heavily in this market. This fine speculative busa-
ness denominated the "undo.ng OF straddles.
lost it's effect the market when understood IL
is said by some that the house named bought a.
much as $500 bales OF cotton i'm this market
Others placed the amount as low 5000 bales.
This cotton, it is said had been sold in Liverpool
when that market above parity with this. and
bought here at the corresponding disparity Nov
that the TWO markets are on shipping party t"e
This highly cultivated art of bo tS OF
friends OF cotton not alarmed over the ltimaie
outcome while Liverpool continues 10 sell az Ieeiy
as present of the actual cotton TO the Man.
chester spinners. Considering the rough ordeal
they are undergoing just now American spot mar
kets also doing fairly well. New-Oreans sold
$3.50 bales yesterday and Memphis LOO, with de-
cline of only l-l6c. New-York sold loo bales for
direct shipment Europe and los bales to spin
ners at unchanged figures. The port receipts were
4514 bales against a S3 last year and Al 1913 in 1898
Interior receipts not heavy, Memphis getting
4262 bales against 1874 bales last year and Houston
S4gs bales against 13.102 bales last The bears
predicting that the rise in the Mississippi viii
bring out a smart increase OF receipts but the bulls
say that owing the dry wagon roads and the
facilities for moving cotton by rail, II VIII be FOUND
that the cotton has all been marketed.
The strength of the stock market in the late trad
ing was help 20 cotton. The passing away Of the
war scare seemed TO be complete on the Cotton En-
change and nothing now remains of the late furry
but some uneasiness over the financial troubles.
That this too will be met and overcome without
reducing the consumption Of cotton single bale in
either hemisphere is the mistaken faith of the be-
levers in higher cotton After all. they say, sup
ply and demand are going 10 regulate the price or
cotton. -,
spread between March and January widened yes
considerable switching to take advantage OF the
proceeding.
The Liverpool market will be closed after to-day
until next Monday A desire to even up before the
holidays contributed to the weakness in Liverpool
at the close there.