New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-25
ANTE-HOLIDAY COTTON MARKET
THE CHRISTMAS MOVEMENT PRETTY fhET-
WATCHING THE PLANTERS
ORGANIZATION.

d,snosition To even I'D trades over the holidays
and unexpectedly heavy port receipts checheu any
further rise in cotton yesterday, although '"e maj
ket was at one time points higher than OH '''e
previous day. The close was quiet ana s'eaus' IL
! to points net loss for the session. Marcn co.to"
sold between 7.97 and Sos closing at SoZ o'o' Inc
opening was at 3 points decline. the response Oh
Liverpool being considered inadequate W the
strength of Mondays American markets Liver
pool opened 26id. higher. further au
vanced point. but closed with Only '-o''
net gain for the day. Spot sales abroad were only
10000 bales This showing caused a drop here OF s
points in the early trading. but when 1t was remem
bered that Liverpool was the eve OF holiday
lasting until Monday. its course was not re-
markable after the early depression mere prices
easily II points.
The size Of the Christmas movement gives the
bears some comfort. Port receipts yesterday were
early estimated at 80 900 bales. against 49VV last
year and 900 in 1928 They turned out to be 4'oVo
being swelled by Unexpectedly large receipts at
Point Va and Texas City, Tex Then Ne"-or-
leans estimates receipts to-day at l1.Oo 10 lsVo
bales against 04 last year The total port receipts
last year only 5000 bales Moreover. fehsa-
cola cleared a steamer yesterday with 300 bales.
which will swell the weekly total Of port receipts
now estimated by the bears at 100000 bales against
SO last year and 10000 in 1892 Then, receipts AT
Houston were heavy, being for two days l9oV Daies'
against $1,000 last year. Bulls said that this IN
receipts may swell up for day or week even from
perfectly natural causes, but there Is no serious
contention that the crop is not alarningy snort IN
view OF the worlds increased requirements me
movement of the Southern producers to restrict
acreage is also worthy Of watching, say the ouis'
The Memphis Cotton Exchange meeting, report
of which was published in The Tribune, excited
much interest on the floor of the Cotton Exchange
1t was pointed out that yet have producers
started such a movement that the crop did not turn
out short. Never yet have the planters been so
well organized to carry out curtailment OF acreage
or had better reason for making superhuman efforts
TO do so as now. There is surplus of cotton
in the world now there last spring. and there
can be shadow of doubt that lOooooo-bales crop
next year will be needed. for the earth Will De
swept clean of cotton by the time the next crop Is
ready to BE- marketed There has never yet been
a 10 600 crop raised under the most favor-
able conditions of weather and production Last
year the acreage greatly reduced. notwith-
standing that the big bull movement was well under
way long before cotton-pantng season was over
and there every temptation to plant heaNhy'
The planters have a tremendous incentive III the
course of prices this to persist in and develop
their efforts to keep down acreage. In Hector d.
Lane, Of Alabama they have at their head an ener-
getic, Intelligent and determined man. 1t VIII be
far from a surprise to many observant cotton men
in this city if the Southern planters this year not
only succeed in keeping below 100OO0oo-baes crop
but so far below. If weather and other cohdiuohs
aid them as to make cotton travel up the scale
deal faster than it did last summer II VIII not 90
TO ieer at this Association of Southern Cotton Grow
ers ORGANIZED and led they are at present, say
some shrewd bulls.
EXPORTS Yesterday were 10000 bales The spot
markets in America dull and shade lower
with small sales showing the evil effects yet OF the
shaking up they have received recently.
The continued Improvement in stocks heiped 10
steady the cotton market greatly to-day Crop news
from the South yesterday contained this among
other dispatches:
New Orleans. Dec. A:-Letter from Corsic cana
Tex saws: Country bare of cotton weather
superb: roads like glass: in two weeks there Will he
a perpendicular fall off in receipts