New-York tribune., 1896-01-31
FOREIGN SPfNNERS BUYING.
LARGE SPOT SALES OF COTTON ~ LIVER
POOI.-EXPORTERS IN THE LOCAL
MARKET

Some OF the German bears sod the ne"-crop
months in cotton yesterday. Other bears on the
floor OF the New-York Cotton Exchange. remember
ing past experiences in This line decided not 70 sell
short on a crop the ground for which has not been
poughed yet. They think the chances are more
than even thai such phenomenal weather conditions
as surrounded the raising OK the bumper crop o,
lS9i-95 will not be again for many years.
When the selling OF late months ceased the price.
which had opened points over "Wednesday ami
then declined points. moved up quickly : points
The c.ose was steady at TO points advance on
this crop. ard unchanged TO points hSasr oa the
new-crop deliveries.
Manchester and Lancashire spinners bought 1000
bales again In Liverpool at l-32i advance Futures
In that market were l-G4l. higher. on this side or
the ocean the developments continue to show favor
ably for the bulls. who they need only sit stll
and the spIlners and exporters Will do the rest.
All the spot markets We're steady, and exporters
surprised the bears by buying 1851 ba.es mere for
direct shipmen, to Europe. Spinners took l$5 bales
here. New-Oroans sold $3.50 bales. Memphis l"o
Galveston i4S Mobile 200. Savannah Lea Norfolk
i02 Augusta 367 and 81 Louis ~. Exports for the
dag 25.i9s bales. The port receipts. which
were very free on Wednesday. shrunk yesterday TO
400 bales against $500 last year Receipts at
interior towns exceeded last year but apt to be
correspondingiy snal. to-day. Just as IN the port
movement. they were without effect on the mar
ket Bombay receipts were 600 against 1900 last
year. and shipments 1900. against 2Ce) last year
But Bombay $ figures have been discounted on this
crop In the estimates % experts the probable vis
lble supply that Will be left ty September l. They
have been discounted In the price likewise.
The weekly totals will come out to-day. showing
the movement or the American crop and the trade
workings at Liverpool on these figures fresh con-
ndence Will he inspired In bulls bears. Mean
time the deadlock at Fall River has been broken
after SIX weeks duration and stocks moving on,
into CONSUMERS hands Though the manufacturers
gave in Il s again pointed out that not a mill ri,r
tailed consumption single bale during all th. long
deadlock. is IL likely they VIII do so now tha'
stocks are moving out. Bears and bulls alike agree
that the cheaper the price the more stun Is con-
sumed Reports from the drygoods district are
Stocks are moviAg up. The people have got a line
on Congress. 10 use the slang OF the prize rng and
not frightened any more az It's antics and the
evidences Of trade revival ard Wholesome spring
boom accumulate On every hand. The iron market,
is rising and some big orders have been placed this
week As iron goes so Goes every thng else.
New-Orcana. Jan. 3O.--Nicksburg boat arrived
only 30 Captain says nothing river except
scrappings. Doesn't count Nicksburg. Natchcz and
only 1926 Receipts were practically from towns.
Allowing uncountcd towns 1JCCo. don't believe
plantations hold ~ per cont.
Nav Orleans. Ian. @l.-lhnk railroad additions or
connections on last day OF month here Tomorrow
will be much lighter than bears intimate 10 your
market. Pearl River Miss. boat arrived with iN
bales. first trip this season NJ. Atkinson. large
on Pearl River the cotton having been hauled to
r,firn