New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-10
TUESDAY,
MARCH 10. 1895.
COTTON RISES SHARPLY.
AN ADVANCE OF FIFTEEN POINTS.

LOOKS LIKE SCRAMBLE BETWEEN THE FoH'
EIGNER AND THE DOMESTIC MILL MEN FOR
THE SHORT SUPPLY IN THIS COUNTRY
Cotton climbed up to Is points in this market
yesterday. II went in spite OF ire enorts 'i 'n'
bear operators IN the New-fork Cotton EAchanse
who sometimes make 1t dangerous for the pubic 70
buy cotton, no matter what It's intrinsic Vaiue is
II went up because there an active demand ZOE
cotton reported on all sides. and because the ex'
ports this week are significantly heavy. All the
spot markets active and advancing. Sie"pn"
reported saes OF 1000 bales at 3lsc ADVANCE anu !"
this city spot sa.es at 1-lGc advance amou"'eo !"
1856 ba.es Of which 27s0 bales were Tor export
New-Orleans sold $40 bales at sc advance Moolis
COO Galveston 500. Norfolk 31i, Augusta 2oS ana o'
Louis go
The receipts at the ports this week 80 far (thres
days. have been 1895 bales against 3o5ll last week
The port receipts yesterday were 9y3', against co.
GO last year. difference of 1900 bales Tor one oaS'
The exports show as notable a movement as the re-
cepts For the three days Of the week they are
II 900 bales which g probably more than the re-
ceipts at the ports will aggregate for the entire
week.
These trade figures, showing the healthy state OF
the actual cotton trade reinforced ny ex'
tremeIy encouraging accounts from Manchester
where the condition OF trade is seen by the follow"
ing figures OF exports of yarns and c.oths:
Yarns pOunds Slot yaIus:
Month of February ~ 900 oo $1,000 9S9 o
Last year Io0SoUW 90 700
Sine Jan January ss5is ssSsSiSSS
These figures show satisfactory condition OK
business Manchester especially far as the ex-
ports Of cloths are concerned.
Liverpool responded the better news from
Manchester by advancing quotations 2-e4d. to 4-64d
Spot sales in that market 10000 bales Besides
rising herself, Liverpool sent a flood OF buying
orders here which helped TO put up this market:
Opening prices on the local markets were 70 =
points higher The market showed no weakness
throughout the entire day. despite efforts by bear
operators to drive down the list by selling inc
new crop months In the afternoon, as the advices
showed the fine demand for spot cotton Nortn
and South many OF the oversold bears began 70
buy heavily to protect themselves. and the marke.
closed almost at the top prices of the day. august
did close at the top 49, or 10 points aooys nr "a
points up. October, new crop month, soid IN tne
final trading 12G. or points up There was eoou
buying for outside commission houses and Ger
man operator. who once before had turned from
bear to bull. reported to nave been heaVy
The Committee on Revision OF Spot Quotations
Will meet tomorrow, and there is nope among among
the members who believe in fair. square, uprighe
dealing and in doing justice to the legitimate COM
merce of this port that the committee VIII correct
a manifest injustice and grievance by making =
cut in the higher grades. II II does TINS IL VIII
help the export movement at this port. TOT II VIII
make IL possible for holders OF contracts 10 acceps
the actlal cotton for shipment. With no artificial
restrictions to hamper the legitimate movemen. OF
cotton there is little doubt that fair ana reason
able value based demand and supply, VIII IN
the end be placed on cotton. .,,
There was more talk heard about the poor outiook
at Fall River but this telegram received from tnat
point Yesterday does not indicate any particular
distress among the mills: - 49,.
.'Fall River Mass. March e-The quarterly STATE
ment OF mill dividends has been Issued Inc quar-
,e- has been a prosperous and all but -FOUR or
the larger concerns have declared DIVIDENDS. Inc
average rate on the total capital is 195 per cent
Houston got Yesterday LIS bales. against tio1
las wear and expects to-day 1900 to l,sV agans ~
Ills last year. New-Orleans expects TO-DAY e 49,
~ 700 bales against 1885 last year That THIS
crop will reach 100000 is open TO serious DOUBT
The hrmness abroad ana the Ilrse ,S.,iyy ths
onnion which we have recently expressed. nancy.
~, cotton UNION its merits Is cheap ana mat me
cotton world will sooner later appreciate this
fact-tPrice Mccormack Co.