New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-14
COTTON EXPORTS CONTINCEHEA|Y
arr THE SPECTATORS FORCE THE PRICE
DoyH VI'rTUER-LAST YEARS LESSON

RI'T THE SPECTATORS fOlt'f, lHT- ! iN"
DOWN FURrHER-LAsT YEARS LESSON.
No bull in cotton had any reason TO part WIKI
his holdings because OF the news that came III
ahout the crop Yesterday. Last year at this Time
storm OF such unprecedented severity was pre-
v,ilirg in the South that the orange groves OF
Florida that had wlthstood the weather OF score
or more OF years urlnjured were ahnihHa'e' anu
selchs were running IN the streets OF New-Otieahs
in a snow deeper than the Oldest Inhabitants naray
remembered seeing I'm that section. In that pHzza'"
the movement OF cotton to market was cut DOWN
,rs,,.v The movement TO the ports FOR the sue
cee1I!ng week last year fell off coco bales because
OF the blizzard The movement OF cotton 10 interior
towns this week has been under comparison WI"
that week, and the result has been 10 make Il az
pear that the movement this year Is heavy. Inns
fact has had a depressing effect on values ooth
NJ Liverpool and In this market but the cnlnge Is
coming and the movement OF last year after tho
blizzard Will not be apt 10 bring bearlsh COMPARE
sons for the coming week. except al the ports l"o
change Is foreshadowed in expected receipts az
Houston to-day OF 1900 10 1900 bales. against StS
last year Port receipts for this week Will propaoy
be 1900 bales less than last years movement Inc
por, receipts f,r the week. as was the case las'
week will probably be far below the exports 10
Europe. The port receipts yesterday were l'''''
bales against 1915 last year, while exports 10
Europe were Sl.olS bales. The exports this week
WI probably exceed the exports for the same week
last year
Although receipts at Bombay for the week were
g 900 bales against 32cO last year. the shipments
to Europe were 1900 bales against 1900 last year
1000 bales less than last year.
All these facts ignored at present BY the spec
uators In cotton. who. the strength OF the weeAs
free movement compared with last year, nave
broken the prices down 25 points below cents.
March selling yesterday for rs. and closing at 80
on the New-York Cotton Exchange. The price yes,
terday lost to points from Tuesday LVerpoo!.
was lower By 2-G+d. than II was on Tuesday ana
spot sales for yesterday and the holiday were onIy
1900 bales. This land the export movement from
this side seems TO confirm III probably ssniies
that me British spinners taking their needed
cotton from America. Instead Of from their OWL
shrunken stocks Tley cannot continue TINS pro-
gramme long without rise in price -, ,
chances on the present price OF cotton The ch.ei
and boldest of the bear spectators. ROCKY MONT
BOUGHT II was SAID. much as 2o.VO paeS yesteF'
day TO cover his short lines -,
The bulls say IL must not be forgotten that lhe
bears kept forcing down the price Of cotton last
year until March l. II is possible that II VII take
as long this spring TO convince them that II any
thing happens TO the growing crop there VIII %
another sensational rise this summer compared ~
which last summers rise was trhing. a.,
Print cloth manufacturers are said TO De decln-
ing bids OF 2s.c and are getting sitter IN thelss
views because OF the good business outlook rejected
in rising stocks and wheat. ,. q,
spot cotton at l-l6c decline. The sales at 81 LOUIS
have been larger this week than at any time tnlss
season On Monday 1000 bales were sold thete' AVN
Yesterday LOO. New-Orleans yesterday sol9 %.
bales; Memphis l.750; Galveston. III; savannah -o''
Augusta. 432: Norfolk. CPS. and Mobile. 2Oo