The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-10

each OF the three groups of states. has
been LOO, l42 bales IN Texas, 2,043.62l bales
tic states a deficit in Texas compared
with last year Of $50. Id bales, and with
lS'S. the $4,000 crop year. OF ? SO bales;
a deficit in other Gulf states OF 643.5i6 un-
der last year. a gain over year before last
OF III, 6el bales, and a gain over 1875 OF 80
ti2 bales; a deficit in the Atlantic states OF
1873 under last year, 3l0.sll bales under
year before last, and a gain of ls4.7So bales
over 1885. After March. the movement in
slsnt IN the three groups IN the past three
years, was as follows: Texas, last year,
l55,sO bales; year before last l65.lsS bales,
and in the year before the latter, - Sol
bales Other Gulf states, last year, 49,
sl6 bales, year before last. lSi,3SS bales,
and IN the year before the latter I6,5Sl
bales Atlantic states last year. 25l.s3S
bales, year before last -, $50 bales. and in
year before the latter. 90, 50 bales. The
three groups, as above set forth, consist
hrst OF Texas, including Indian Territory;
second, OF other Gulf states embracing
Arkansas. Louisiana, Mississippi and
Tennessee, and third. of Atlantic states,
embracing North Carolina, South Carolina,
amount contributed by each group as
above to the past three crops were, in
round ngures, as follows: Texas, lSsi-s9,
3,216,000 bales; 1854 2059,000 bales; 1929,
2,lgS,000. Other Gulf states, 1S94-95, 100000
bales; 1854 2.2l6,OO0 bales, and 1928,
$500 bales. Atlantic states, lS94-s9. >
5000 bales; 1884 3,725,0OO bales; and 1897
S5, 2,Izl,0yO Total crops, 1sSi-s5, Y,SOl,OJO
BALES; lSS3-S4, 155O,OO bales, and lSS2-sS, o.
100000 bales.
New York April 9.-Riordan & Co. say
OF cotton to-day: "LiyerROol does not
seem disposed to take any decided stand
in regard TO the price OF cotton, and ira
ders here to-day were at first puzzled
whether to buy on the strong statistical
position or to sell on the paralyzing dull
ness OF trade. The house that has been
building the market for a few days past
again appeared as a bidder for round
lots in the early trading, and as nobody
was anxious to sell, prices advanced
fau aanm IrsN \ Of 10
II became pretty evident that their aim
was rather TO support the market than to
accumulate any more cotton. and an APP
preciaton of this fact changed the temper
of speculation towards the close. which
was at decline of points from the high
est of the day, with the tone easy. Aug
uSt opened at Loo, rallied TO 1.l3c, and
closed at 1850. We fear that it will require
good support from Liverpool to prevent
further decline
New York, April 9.-Hubbard Bros. &
Co., in their weekly cotton letter, say:
With the Easter holidays extending over
the greater portion Of the week the
markets have naturally fallen into
very quiet condition, from which, at the
moment, it is difficult to forecast the
future, though the undertone has become
better through anxiety as to the posi-
bility of bold operations in view of the
small supply.
so far as the trade conditions in Amer
lea are a factor in influencing the mar
ket, they have become worse instead of
better, as the demand for cotton goods,
which was expected TO result from the
reduction in quotations for the product
of our most prominent mills, has failed
to appear. We had been looking forward
to a revival in business as a result of
the approach of spring, which would
enable the retailers to move their stocks
of unsold goods, and we are disappointed
to witness no Improvement in trade.
Whether this depression be due to the
approaching political contest for the pres
idency or to the uncertainty regarding
the currency question it is difficult to
judge, but that it exists in a greater
degree than last season, is apparent in
the long list of mercantile failures in
every portion of the country. Thus while
outside conditions continue to prevail
against a large consumption of cotton
at home, and which must react upon Eu-
rope, the temper of the trade has made
a decided change from one of anticipated
lower prices to a conservative opinion in
favor of the maintenance of present val
ues, and 1t is difficult to find any one
who is now short of cotton.
In the meantime, the climatic condi-
tions over the cotton belt are becoming
more settled, and the indications for
large acreage this season with an increase
in the use of fertilizers, are of such
a character as to render these factors
almost a certainty. Yet, in spite of bad
trade, and the preparations for the new
crop, the change in the temper OF the
trade is so marked as to lead many TO
believe that the small supply VIII cause
higher prices to rule before the end of the
season. We believe the question to be
one of demand, rather than of supply,
and that improvements in trade will gov
ern the ultimate value of cotton"