New-York tribune., 1896-02-04
4 NARROW N1RKET " COTTON.
QUOTATIONS. FAIRLY sTEADY-RAINs IN TIL
SOUTH WEIGHT OF THE CROP

QUOTATIONS. FAIRLY sTEADY-RArNs IN THE
sOr'TH-wErGTfr OF THE CROP
The cotton market continues - back and fill. the
daily fluctuations rejecting only the efforts
of scapers around the ring 10 reap a {ew points
profit either way After selling 70 points up
Yesterday. the quotations on the New-York Cotton
Exchange closed 10 points down. May closed az
S.C5 and March az 7eG bid. Liverpool l-64d
better and spot sales there Il. 900 bales. The
activity developed by exporters recently In this
market continued. 100 bales being sold here for
direct shipment Total exports from all the ports
yesterday 5000 bales. 1900 more than the
total receipts az the ports. The Southern spot
markets We're steady and unchanged. and fair
business was done.
The usual lavish output OF Information about fer
ti!zers and mules and prepara ,ions for big crop
making In the South was distributed literally by the
bears. but this device has been about worked out.
and IS now largely burnt powder. Reports from
sources that could not be suspected OF having any
short interest IN the market showed heavy rains
throughout the South. swollen streams and sub
merged bottom lands which no, especially favor
able - ploughing. and have much bearing on the
next crop the alleged transactions In mules The
plough!ng season is az hand now In the cotton belt
and any prolonged spell OF rainy weather in the
bayous and swamps Of the Mississippi Valley will
be apt 70 keep these lowands under water long
enough seriously 10 curtah that tremendous
acreage" OF which the bears are talking much
just now Ploughng has begun, but SO have the
rains
The bears sold the new crop months freely yester-
day. and receipts az the ports and interior towns
were supposed 20 be running their way. Port re-
ce.pts - - bales against 81 s35 last year.
Secretary Hester. Of the New-Orloans Cotton Ex-
chang. says the actual average weight OF 46ls. l0l
bales OF cotton this season was 50l S-i0o pounds.
against Jl2 62-lo0 last year. This represents loss
" 10000 bales in weight alone this crop.
G. J. Leech q Co. ot Mncing Lane. London give
this view ot the situation az taken abroad
Let hope that f)r many long year this coun-
Try may be spared a repetition OK tnr Keen anxiety
which prevailed during the last tew weeks. 20
financial With peace assured, there IS every nope
OF 4 .Oug and prosperous business period. the
erTecr the enormous increase in the worlds pro-
duction OF gold - only Just commencing 10 snow
t-s The process has been hamperel By the many
crises been passing through since the MD
die u October such succession OF pancs. sluTnps
and scarts having been experienced before N
- short a space Of time But ina; the process has
commenced unqOuoted. there are many ircica
lions ~ h. the least or them beng the Tact that
silver has recovered materially from IT, most de-
rress.l price. Thf cotton market has behaved won
t.~,f.lv pal throughout me surrounding gloom. but
strong bull chance has been spoiled, FOR IS pretty
clear that. but fOr the depressing influences. tne
merits of 'le position would nave carried me price
~ n1ilding Americans 10 % or over ere now. ! al
i,ah. tim- mas been lost however. but IL j. still a
long rv ID the crop. 20 the planting there
OF and the chances for or against an increased
production are a. this juncture equal Let Il be re-
that the production or cotton - not so
much a question 0f acreage a. OF proper ana
timely climatic conditions. and although The winter
has SO far been very open one. = would be quite
In accordance with previous experience u me neNs
two months or 50 prove remarkable FOR a spell OF
Arctic severity.