New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-11
HEAVY EXPORTS OF COTTON.
EUROPEAN SPINNERS DRAWING LAr"NN'
on THE SHORT AMERICAN sUPf"i-
FUTURES GO DOWNWARD

Prices on the New-York Cotton Exchange w
clined TO points yesterday. because the P'''
ceipts were 900 bales, against 2i9V iaS' 49,
and because 1000 TO 1900 bales are expect
New-Orleans to-day. against 1881 last year NV
scapers around the cotton ring. who never ch'e
to peer above the rim OF the tea-kettle IN "hi0"
they simmer discount the future fur'hv' INA"
the sound of the daily gong at p H. SUI
on these figures After the gong sounded the DD.''
tin board revealed the fact that while NV" va,
had come TO the ports. 5000 bales had le'' ''
ports for Europe This fact too late TO nav,
any effect tho price. But the fact de'e'"IN
nevertheless. The total exports for the week nave
been 81 900 bales. II is further and striking comm
don OF the conditions noted In The l'io"''
Sunday that the spnners' supplies In Europe nav
reached "A point wher" II is necessary 10 ara" M
heavily from the American crop hereafter ''''
they have been doing heretofore. That they can
Sc, any considerable quantity OF cotton from nv
short supplies In this country without putting ~
the price materially ia scarcely 70 be expec'eu
The holders OF cotton evince little concern o'c'
the bear raids anu daily fluctuations In the lutu''
markets The spot price continues to be hr'' sunny
above the price OF futures. All crop movements 90
giraffe and there weeks when heavier movement
might compare with iisht one for the corresI''i'-
ing time last year. Such IS the case no" III '"'''
March quotations dropped yesterday TO 49, q" 81"
points above the lowest reached on the present w.
action After going to 7.& recently il rose 10 ''O
Remembering this fact, apparently. there WAS H'o'
buying IN IN, last hour yesterday. consi '"'Ds
among the BUYERS being tho biz Greek house ~
Rail- Brothers The bulls are con'Ieh. ih@' '''
Increase at tie port. VIII be found at N, emo %
the week. as w4s the last week, TO b" miS '''
from stocks that have already been counted ~ '''
Interior towns.
Meantime the news from the South IS san u
continued activity in MIL build.rg and MIL eN-
tension. Two more cotton mills. TO be h''' ''
Eastern capitalists. are projected IN A'a""''' l.
one dt birmingham. 70 cost $A",". anu 80 nav
1900 spnGles. In a cent talk with I'I"""'
correspondent. 5 NJ. Inman. he leading cotton
man Of Atlanta. Ga. estimated the REQUIREMENTS
OF Southern mills out OF the present crop al
! 10000 bales In the North not mill Is curiai'ins
production News from the drygoods districts
has grown move cheering every day since the
bond issue Stocks. the barometer OF husin"-. ai'
booming Railroad earnings are increasing tFe"t4y
Iron ana steel leading tho spring adv hi.. ~
this general upward movement. as was ihr CASE
last spring cotton alone is tagging. Il took until
March last year to convince The world thai Cotton"
had sunk 10 too low a level below H. actual value
as a commodity II may take a lons tbs .'a
to defeat III. effect Of the bear raids % ia" si'0 u
lai!Nc markets. but exports on IN. eci' seen DID,
the last ten days continued Tor a VINE 4"l-' Wa
All the Circumstances show that noihns les
than a icn-mllon bale crop VIII -uicc 20 f-p'h -i.
the exhausted reserves OF f"''o" ''N' ''.
NEE. thc rapidly expanding M. co.'s iini' ioi 'i
the world That such crop which never yet ha@
been rails 49, will be grown ms year, "t'h Fi'''-
of the new crop months ar" only shaa" over
what the, AMI, ~siT IN IN, in, Ts mods M he cotton
belt are reported continuing. interfering " ii.
ploughing The largest acreage ever plouSh'i ana
the most perfec, seas u ever known "ili u' n'''''
70 grow tn. crop IN" bears are cnurrrf on
N~w-Orieans Feb lo-Cot,or Fxc.anse has
officially requested Louisiana 20 pettio" Cong ,,
TO take decisive measures agains' the Hr'". ''
the Mexican weevn n Texas. that endanccrs OTTER
Aiiende district was a complete failure last Yea.