New-York tribune., 1895-07-14
APATHY IN COTTON IRA DING.

THE ABSENCE OF BUYING ORDERS KEEPS THE
MARKET DOWN.
There was comparative cessation in the battle
OF conflicting reports and contradictory crop news
on the Cotton Exchange yesterday. Varying state
ments continued to pour in. but the brokers ana
traders heard them with a half-holiday indi'fsr-
ence The market, out OF habit had its ups and
downs-its ups choice lot OF bulhsh crop
news: It's downs on "The Financial Chronicles
weather and crop statement. which was OF a more
favorable nature than had been expected. Al the
close of the brief two hours OF Saturday trading.
quotations stood where they had on Friday even
ing or with a change OF not more than one point.
on total sales of 81 COO bales. There was the same
dearth Of buying orders and the same sensitive
ness to selling orders. This more than sunshine
or rain, big yield little yield. or estimates OF
visible and invisible stocks has an immediate con-
trolling effect the market just now. when rain.
Yield and stock estimates have lost the power OF
initiative from reiterat!on
'.The Chronicles" article was responsible for the
failure OF quotations 10 score advance yester-
day. 1t said In part
Advices to us by telegraph this evening from tho
South are generally a somewhat more favor
able character Rain has FALLEN IN almost mo- an
fan has been light IN sections of Florida.
however there has been too much moisture Re
ports from Texas are more satisfactory good prcg
having been made with cultivation. ana oyer
the southern portion OF the State cotton is open.
on the other hand. private kilograms continued
to indicate losses to the planters. Fort Smith
Ark. reported three days steady rainfall. with
the Arkansas River ready 10 overflow the low
lands. There rain in Alabama Georgia and
South Carolina. with unfavorabe predictions from
the Government Meteorological Bureau.
The early morning nrmness due 10 the Liver
pool market, which showed advance on poor
crop reports sent from this side. This advantage
lost later because Of the small demand from
the Manchester spinners. Speaking OF the foreign
market. Price. Mccormick & Co.. said yesterday;
II is reported that the feeling abroad Is con-
servatve,y bullish with regard TO cotton. but that
til something OF a more definite character shall be
known with regard to the probable production next
year.
The total visible supply Of cotton yesterday
showed increase OF $3.50 bales as compared
with the corresponding date In 1894; an increase OF
1894 bales as compared with 1893. and decrease
Of 147sl bales as compared with 1892. The total
visible supply was put at s143.4s7 bales
Atwood Violet e. Co.'S cotton letter yesterday
said
Mr.. EEison's monthly statement OF European
consumption and mill stocks shows that during June
English spinners consumed 5000 bales weekly, and
Continental $1,000 against 5000 and 5000 re-
spectively. last year. AZ 90 cent OF their ag-
gre9ate Is American. II shows about 10000 bales
weekly consumption OF that character OF cotton In
this country is about 5000 bales weekly. all OF
which Is Of course, american, n, ,or,o,n s .,ou,
nfty-seven thousand bales weekly. and as Ellison
makes English spInners' stocks les,cD on July J.
reduced their stock 1900 bales OF all kinds. during
the month. leaving them. therefore. with only two
STOCKS What they may buy out OF Liverpool
stock weekly Will partly suffice for their consump-
,on but even then II VIII show serious inroads on
cotton afoat for Liverpool is only 5000