New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-05
TIE COTTON TRADE REJOTCES.

| HOPEFUL. FEELING OVER THE ADJOURNMENT OF
| CONGRESS EFFECT on THE COTTON EXCHANGE.
The cotton trade yesterday along with the rest
OF the business world felt the good effects OF the
adjournment OF Congress. As the cotton industry
| In this country has suffered much any other
from the baleful policy OF The dead-and gone Ma
tional Legislature, the removal OF this standing
menace to commercial prosperity was like the Mt
Ing Of black cloud from fair landscape. leav-
Ing the bright OF hope TO shine more
Every body connected with the vast cotton manu-
featuring interests OF America. judging from the
talk of the exchanges yesterday. takes more
cheerful view OF the future. and spinners and
brokers confident that every loom from Canada
to Mexico will be set going In consequence OF the
better feeling in the business world and the return
OF confidence 10 capital.
!. To this good feeling among cotton mon IL TO be
attributed smart rise OF points in the value
Of that great American staple Yesterday though
r. Is true the advance was lost subsequently on
New Orleans report that tho Cotton Exchange
there had published n statement showing that the
crop marketed TO the close OF February gained
II li-leo pounds a. compared with last year. This
IS equivalent 10 increase OF 10000 bales. In ad-
dtion. heavy receipts at Charleston. due to "x-
pected c"arances, at N"v-Orlsans yesterday and
expected for to-day. and AT Houston. all contrib
utcI 10 make a weak market. but the buoyant
feeling IN" TO the disappearance OF Congress
/ proved 4 strong sustaining influence, and final
prices about the opening quotations OF the
day.
Trc statistics chow that while New Orleons has
received this year the end OF February 2l6s. $50
bales against l62Sl7T last year the stock at that
port only i0l 1856. against 293.G6 year ago
Ncw-York stock Is lS433 bales, against 2Ss.N
year ago These figures show the extraordinary
demand for cotton this year. Further light on
this demand Is shown in letter received yester-
dav BIZ Atwood Violet from his New-Orleans
house. Indicating what the largest spot market In
this country * doing. The letter saws:
one OF the most prominent ship agents said
to-day that he had an inquiry for freight Tor
1000 bales 20 Narva Russia. 700 to 81. Petersburg
90 for Yokohama and 90 for another japanese
/ port: also that he had made an engagement Tor
900 to Trieste and 2op TO Oporto.
II IL evident that OF these countries are
using American cotton replace East Indian. and
that there - a very good demand from every
where. in spite OF the enormous quantity they have
already taken and consumed. We believe the con-
sumption OF this crop. the low prices that have
ruled. will surpass anything that could have been
imagined.
becoming OF interest and importance. II bad
weather continues shall some anxiety about
It. and II VIII require the most favorable condi
lions throughout to produce even a crop OF normal
size with = reduced use Of fertilizers. and meagrn
at the disposal Of planters TO cultivate their
land properly Liverpool. think. needs very
little stirring up TO follow the advance They
| want to buy In this market (New-Orleansp, but IL
is difficult to ind suitable quality.