New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-21
COTTON'S RAPID RECOl ERl.

prices ADVANCE THIRTEEN POINTS-SPOT
MARKETS ACTIVE HERE AND ABROAD.
Cotton closed 10 to Is points better last night than
II did the night before. and final prices were only
a shade under the best prices OF the day. March
closed at 7.6s May at I.'6. and August at 1855 IL
looked little bit as II the turn upward from the
bottom which did not begin last year until Marcn
l. had been recorded for this season two weeks
earlier Everything was bullish and buoyant, and
a revival OF last years colossal speculation was
looked for by many. Liverpool sold 1900 bales Of
spot cotton and futures there were 3-6i1 higher.
There was marked activity In the spot markets OF
this country, showing that spinners cannot run
their mills and stay out OF the market forever.
New-Orleans sold $500 bales; Memphis. 1890 Au.
gusta l,ls9; Mobile. 800; Galveston. 1885, Norfolk.
2s6: New-York. 276: Savannah. ga. and ST. Louis.
800 Receipts at the ports were 1900 bales. and ex.
ports were $1,000. Houston received yesterday Ls"
bales, against 1888 last year. and expects to-uay
1900 against 5lS7 last year. Memphis ana o'hs'
interior towns began to show failing OH CUM
pared with last year. In short all the ies''i"A''
crop-making news bulsh - ia, hv
There active covering OF snoi -asau, m.
those fortunate few whose Gear vision loresam sS
sharp break and the subsequent recovery cot
ton-holders were the foreign consumers; :, Nv.
den the phadepn s,erSPV and tie day before
having been heavily short In this mark s,os ~
Is;s s, sG SLUMP tod d. and that fell AIRY
nnin,s az swiftly because OF heavy receipts TO-
aacta co surprsingly with receipts no smalIer. -
The drygoods market reported good demand TOT
cotton fabrics. - % ooo ho,a. AGAINST Am
Ia, "aar bnt shipments to the Continent OF lndian
,ere only 5000 bales against l6p iast year
rha weekly consumption OF Europe OF all kinos
. 100 os haIes of 400 pounds TO the bale; and OF the
70 states and Canada 5000 OF about W
aamnds A conservative estimate. based upon what
pos In sght on the LIST inst OF the worlds visible
s,nriv and TO come In sight by september ]. VIII
shpw a supply that must provide for about HO,VU
Saiss weekly OF $50 pounds to the bale. AS that
sunniv ~ ali kinds, estimate at about 6SO.OW
LES would mean, for the thirty-one weeks rom
Tehr,,ary / to August 81. 1886. $4,000 bales But
"a this would mean entire exhaustion OF the
rorid's supply al every visible point In this country
ana in Europe and 10000 bales more. II such Q
thing were possible II Is about time that little
more attention should be given TO what Is In pros
meet unless II can be prevented by one thing alone.
and that Is a decided curtailment Of consumption,
OF which there Is no prospect except. perhaps. In
the New-England States, to a moderate extent.
Our estimates. as above. are based on a crop OF
100000 for the current season, whereas think
II will be less. Ellison made European mill stocks
on the list inst $4,000 against $4,000 last year. same
date. Therefore no encouragement comes from
that drect.on.-(Atwood Violet & Co.
New-Orleans. Feb. 2.-Houston wires a leading
firm here that receipts will fall OF precipitatsly
At least 81 per cent of receipts here are from
counted and uncounted towns THIS Is easily
proved by reading manifests Of railroads and
steamboats,