New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-22
THE RISE IN COTTON CHECKED.
BIG SPOT SALES IN LIVERPOOL AND HEAVf
EXPORTS DO NOT AVAIL AGAINST
SHORT SELLING.

The great bear warrior Rocky" Mohr, LED MS
cohorts on the Cotton Exchange into action again
yesterday checked the rise. and knocked ten points
off the price. of which only two points were re-
gained. His following not by any means Limited
to the tatterdemalion rou OF tenpoint scapers put
was reinforced by good heavy artillery. by all the
exporters from Philadelphia and elsewhere, and by
the army Of agents of foreign spinners and others
who want to get cheap cotton. After they Knock
the price down a half-cent or so these SPECTATORS
buy in their short cotton. the market steadies ana
friendly chroniclers in the daily papers say: See
the benehornt and phanthropic bears II they
hadn't bought in their short sales the market would
have collapsed, the bulls would have gone broke
and who would have paid the ransom March
closed at 49, May at 767 and August at 49,
The bears will have all Of to-day and tomorrow
to reflect upon the Of the man who never
told a lie
The trade movement OF cotton yesterday ard the
crop figures show that what Is Americas loss IS
Europes gain The foreigners are moving out the
cotton at prevailing low price. The exports yes
tcrday were 800 bales double the receipts at the
ports The receipts at the rsrts for the week were
los 600 bales against 1900 bales the previous week
and 900 bales last year, when storms Interrupted
the movement The amount brought in sight. l2S,Vo
bales for the week brings the total In sight up 10
59i7 900 bales IN lssG-s7 the amount Of the crop in
sight to February % 59210 600 bales. That crop
turned out 653OOO bales The stocks at the thirty
one counted towns lost 2O00O bales during the week
and are about 1900 bales against 100000 bales
last year. SO great was the demand for cheap
cotton year that the stocks at interior towns
and the ports were considered scant when the rise
began on March /. 1895 Therefore they are light
by comparison this year when they are l0,U pales
below this time last year.
Houston received yesterday 142S bales against
5ls7 last year. and expects to-day 800 to 100
against A. 231 last year.
The stocks of cotton OF all kinds at Liverpool de-
creased &c. 900 bales for the week. and the stocks OK
American decreased equal amount. The stocks
at Liverpool decreased 5000 bales for the corre-
spending week last year. The stock OF cotton or
years holdings at this time and the stock Of Amer-
can cotton is $1,000 below last year. Lverpools
vance. II they keep up this record next week the
decreases In stocks at that port may show more
significant total. For. the week Just closed they
bought very sparingly.
Referring TO tho cotton situation. John H. 1nmai;
says he does expect to see another ten-million
crop for the next ten years 1t Is the season that
makes the crop he says. and not the acreage Such
d season had the year before last we Will not
believe that the present crop will much exceed
O0OO0 bales and he considers Il per cent increased
acreage a reasonable estimate Assuming that TINS
crop Will turn 1000 CO., and the Increased acreage
i per cent will give 100000 for the next crop,
to which he a Ids 70 per cent for possibly better
season making a total probable crop for ls's-s' or
100000 bales. Mr. Inman adds that 1t IS entrey 100
early in the season to venture any opinion but he
gives this for what II Is worth.
Secretary Testers New-Orleans Cotton Exchange
statement shows: Port receipts to date. 43is. 1l3
bales against GG0516 bales last years, 5125ss year
before last and $50 for the same time in lS3:
overland 10 mills and Canada 63lfi. against SI.liO
last year 672 Gi before last and 6' Az Tor the
same time 1898 interior stocks in excess OF Sep
tarnher ?S2 ioS against 2J2 70l last year 2ill year
before last and 2l4059 for the same time IN ls1:
southern mill takngs. 1896. against 5l3'H last
wear iI 20 year before last and 1872 for me same
time I'm iSa3 crop brought into sight from Septenber
IN date 59i7 lGl against s2sl3i last year. 529 tO
year before last and 56'l 9 FOR the same tt M o IN
Seg crop brought into sight for the week. l2',9os
against III S2G for the seven days ended February Il
last wear ssil5 year before last and lO33o9 Tor the
same time in 1898: crop brought into sight for the
AZ, ,vontv-one DAYS OF February 36S.562 against
ia sfi last year 20 AS year before last and S2l ~
FOR the same time In 1893