New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-23
NEWS OF THE COTTON WORLD.
a CHECK TO ADVANCING PRICES.
ALLEGED, But AN ACTIVE SPOT DE-
MAND EVERYWHERE.

Under banner bearing the heavy device %
Hard Times in Fall River; Price Of Musi.ns De-
clinins and with the al OF slight reaction after
an advance in Liverpool and some selling to take
profits. thee bears managed to of the cotton
market 10 points yesterday There none
Of the old-tme aggressivoness on their part. how
ever. The total sales OF the day fell to 137oo
bales. The tone OF the market strong
throughout the session. An early decline OF to 6
points on the Liverpool news was all recovered
cept point at one time. The subsequent loss was
on sales just before the close o. several thousand
bales for Mcintyre * Wardwell. who DO business
for Chicago. whose Spectators scalp" for 10
points and probably desired to reap the profits OF
the cotton they bought a dozen points
lower down. March cotton closed at cents.
against 500 the previous day. II entirely
waiting and unmportani market. Leopold Man
delbaum neither bought nor sod.
All the of the day strengthened the faith
OF those who are pinning their money on the belief
that Nell ard Ellison are not stalking their repU-
tat!ons which their lv.ngs depend. a set
OF figures without knowing what they talking
about. This combination represent expert opinion
the crop and the consumption on both SIDES of
the water All the developments yesterday
corrOborative of their figures and their predictions.
The semi-xeeky receipts at thirteen leading in
terror towns reported by Secretary Hester. of the
New-Or.cans Cotton Exchange. were 2l.00 bales.
against G3Coo last year and 300 in 1894 (when the
crop was 10000 bales. This Is one-thrd OF last
year, and less than half of tho previous years
movement There nothing In these receipts
to shake faith IN Mr.. Neills belief in a crop of
6,500oOo bales. which, according TO Nell and Eli
son, means a total exhaustion OF stocks Of Ameri-
can cotton IN European mills, unless consumption
is checked. The reports Of dull trade at Fall
River unaccompan!ed by news OF the stopping
o. so much single spindle in that mill centre.
Al tn. hour OF going press last night o ntelli-
gencc had come from any quarter OF the intention
OF any MIL anywhere in the wide world to curtaii
its consumption single bale. on the contrary.
all reports pointed to continuation OF the in
creased buying by spnners everywhere in the
South. The Southern spot markets continued ris-
ing and active. New-Orlcans was the only market
whose spot sales did not come uD to expectations
yesterday. That market sold 1900 bales. Mem
phis. 5000; Augusta 2l55 Now-York 300 oof which
26li were for direct Shipment; Galveston 1896. ST.
Louis 1T, Mobile @o: savannah, Gl7 and Norfolk
lW. Augusta, the mil city OF the South. In add
vanced Is cent. Galveston. Savannah and Nor
folk advanced l-l6 This better spot demand.
s Mnf phs ih sra p agses any ie
on the part of cotton mills to shut down or curau
consumption. The sales at Liverpool YESTERDAY
were 1000 bales. showing no slacken'ng IN normal
The port receipts yesterday were ISL against
@SoN last wear. less than half. The port receipts
for the entire week will probably be less than half
OF the corresponding week last yea. when they
Yesterday were fully small enough 10 carry out
against 5e27 last year. and expects 800 to-daly
-25 against 1853 last year Memphis 65s against
l2s2 last year: Augusta go. AGAINST co, and -
Louis Ss9 agains, 494 II the crop movement is
a safe sign 10 predicate crop total on. the figures
so FAR amply sustain Mr. Nell. The bears hardly
act on Their own advices about the immense crop
that is going 10 be raised next summer. The tenn
per OF the market yesterday showed this. \, one
time during the day the entire loss OF the morn
ing had been recovered except point The days
changes AT best were not significant. IL II the
the visible supply. day by day and week by week
from now until September that is going TO make
or hroak the renlltat.ons Of the two foremost cot
ton authorities in the world. Ellison and NeilL