New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-31
! RECOVERY IN COTTON
MANCHESTER sPINNERs STEADY BUYIsRA
AN ADVANCE OF TO 10 POINTS DESPITE s'tal
UNrAvoRABLE CoNDITIoNs-TnE MOVE


UNAVOIDABLE coNDrTToNs-TnE MOVE
MENT TO LIMIT ACREAGE.
Despite several apparently unfavorablc condiuo".
surrounding IT, the cotton market closed iast nus
to 10 points higher than on SATURDAY ""'.'
opened at 80l. or points up sold up to sV do"i =.
1885 then rallied. and closed at S04 the enfy
strength was on an unexpectedly favorable marHes
at Liverpool and the undong OF ''straddles' That
market instead OF opening SID down for futures
and 1-32d. spot, in order to equal our de'''"'s
since Liverpool closed last Tuesday, opened UNI
changed and futures advanced 2-6id. SpinneTs
bought 1000 bales Under decline In consos, que
to uneasiness In the political world affairs N
Asia Minor and the TransvaaI and the Vcnezueian
controI ersy Liverpool receded. losing ali its nn-
provement Our market followed suit for WINE
but heavy buying by large house led to GOVERNS
at the close and sharp rise.
Business was of holiday character. only lNss'
bales being sold Exports Appropriated $1,000 baes
Receipts at the ports for the day were 5000 oses'
against SO 900 last year and 50 c0 in 1893 Early cSu
mates of receipts for 43O0) bales. Ne"-c
leans expects Tomorrow 1900 to LON paes - aus
1900 last year. Memphis got LIB oaies asc,n.s
12s6 last year: Augusta. 7S bales against VA OF
Louis 500 bales against 1922: Cincinnati, sd oaies
against 1853 and Houston 1891 bales against 49,
last year. Houston expects tomorrow 40" 10 Nv"
bales. against 1886 last year
The fact that cotton advanced I'm the face OF the
looked upon as a circumstance tending TO force coz
ton TO market in the South and despite the pretty
full receipts the ports, thought to be que 10 eS
tighter money market and the recession In VALUES
at Liverpool puzzled a good many of the operators.
The premium on gold was greater than on satuS-
day and the possibility of ultimately reaching
silver basis has not disappeared from the caicuis
lions of a good many traders. The bulls peiieSs
the weeks summing up will show that the nsAvs
port receipts can only he the expense OF interior
stocks and the tightness of the money market can
only have a temporary effect after ALL For these
reasons the faith in ultimately higher prices "
firmly held.
The Southern spot markets were practically u"-
changed but New-Orieans gave signs OF more ac-
tiyity New-Orleans sold $3.50 bales; Memphis w.
Savannah lOo: Moblesl =: Augusta. 1884, The iocss
spot market showed sales of 1926 bales to spinners
and 400 for export at unchanged prices crop news
received from the South included the foliowing'
Tew-Orlcans Dec 20-Receipts here o-morrow I'D.
Guide all railroad additions and are less imam W.
expected: there was some talk OF ther pelig 49,
bales South Louisiana boat from Washington arrtveo
today wit previous trips, october ana NO
vember 200 bales tor three weeks ~ i1t ILL.,
or four weeks then GOO for several weeks ms TIP
Is good guide for the approaching exhaustion. pr.
H from Tensas River. says country wen swePp..
The only planter holding really anything IS the
millionaire Gillespie. who has 200 bales: -.
The South appears have at last fully iearneo
the Importance of crop diversitcatlon anu NV w
ducion of all supplies, far as possible AT nomc.
The policy of making cotton surplus OF caSi s,Y
is now becoming more generally unoets1oou, a .hs
when the change has been fully brought about tnS
Hnctuations in the price of the feecy staple Will
no longer life or death to the entire seclon
viii he too strong FOR many resist: but the great
mass of farmers fully convinced OF tle I1y
IN limiting production The good results which FOL.
lowed from such policy during the last SCISSOR MI
ne,p ~ of the limited acreage movement during
lS96-(The New-Orleans Picayune