New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-17
FLUCTUATIONS IN COTTON.
A LOWER RANGE OF VALUES DIE TO HOLIDAY
Dr,INEss-AN EXPERT ENGLISH OPINION


DI,r.NEss-AN EXPERT ENGLISH OPINION
Extreme dulness made lower quotations on the
New- York Cotton Exchange yesterday. March co..
ton closed at s3i or points under Saturday Ihe
total sa.es OF the day were only l01C. In mar
ket 40 narrow prices could not hold when as was
the case yesterday. there was selling against spo.
purchases IN the South Then Il was SAID 'h"'
there was llquida ton for the account OF Pace the
Virginia banker. who assigned Saturday. ana who'
r,,mor said was carrying 5000 bales OF cotton
This report was not credited in the trade, however
There was no dlminuton Of the bull feeling on 'he
New-York Cotton Exchange. The port rece'p's
were 5000 ba.es less than last year, OF f-'''''
AGAINST 1871. 1t IL expected that the movement
will be free until after the New Year wren a
oorrsrdicular drop IL prophes!ed Southern spot
markets were active yesterday. New-orleahS sou
5000 bales: Memphis. 2l0O Galveston, lDl' Mooe'
300: Augusta, 1.o2s Norfolk. 25o ana SaVa'na'' 900
Receipts at interior towns ran nght' L'fipo''
spot sales 1000 bales at l-32d advance H''
pool futures were steady and practically unchansei'
Among the dispatches received from the 'o"''
was the following
New-Orieans Dec. l6.-Classtr FOR iarse eNpY %
ing house returned from Tyler Tex, reports, 20.
expec. 5000 more Stock in three yards. 500 to Wv
South Louisiana boat from AchafIaya a Ksr
irips' 1cG or over Considering perfect weather
this falling off indicates approach OF wind-up
II is fact that Liverpool is more bul.tshy IN
can markets AS expressing the sentiments OF Man
chester Henry Blnns a noted authority on COZ
ton matters writes follows to Cotton inc o''-
cial journal OF the Manchester Cotton Association,
Long guiding views framing general policy are IN
the cotton market what principle Is amln me na,
hilarious duties and trials Of lifeuseful indspensa
bic. We should theretore in times ME-, OF perp'eN'Y
ID Has the trade OF the world now entered upon
a period of revival? Answer: Yes. - .h
(2 VIVA, IL the normal price movement III and IND
Manchester market In the months OF December anu
January? Answer: rise. ,...oa. ,,ord,.
Reason why: Because the great harvest demand
drives prices up. High prices Gor cloth ana yarn,
follow and are consequent upGn the tb sre Gear mass Oh
January values average highest and are followed
by decline, except only during years Of trade re
e sya' more a s assred than in ss
maily) is. therefore, very strong month in Man
been fought and won by spinners. The bargain for
the new crop has been struck. say, at 4ad not t., at
sure sure Of Put this difference into figures;
D %sI,a s.,,n: e :o,-.s, 1885, 100000
on FEBRUARY last Henry Pasch was strongly
mind him that price is fixed by the state OF trade,
not by supply Then went on to v say 1902,
based on a small crop when general trade is going
from bad to worse say now Views when trade
In my Judgment It matters PRACTICALLY p95hn n
the one hand the backbone Of the great bull move
OF the season has been fractIred s on the
can no be argued with than ocean tdel Is near
s the viii M Savs s R % ns OF
and assured. The burst of the South Sea gold bubs
@ ns 0S and s fse
spnGGssqps are are spenay snae ISIS
trade is good, while 1t is difficult matter to get
QUIZ OUR growing city although building (iere as in
New-Yorl) is more active than for years past.