New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-06
ANOTHER FALL IN COTION.
SMALL RECEIPTS AVAIL NOTHING A"|
SELLING BY WEARY BULLS

There was another heart-breaking drop IN co''o''
yesterday Prices declined AID. in Liverpool a".
TO u points In this market They fell ]" ~ 800
Of receipts at ports and interior towns ina F -.
to speedler exhaustion of the crop IN this -
than the most conservative observers calc", 80,
1t was rumored that the fall was due to SEINE ~.
in Liverpool Of large line Of cotton heiu 10
long time by Peter Labonisse. aud the 49,,
bulls who have finally like many others. hau NV"
hopes wrecked because they believed actu'
mand and supply OF cotton reguialeu CIV -
Never was theory more completely o'e,' ~.
a maxim OF the markets worse shattered ''aN -.
been the case with this belief OF the pui's u"
ton this season All the fall and all the VINO, 80.
now going on into the spring. the shado"y mi"on'
OF bales of cotton that were never grown ~" ~
been piled I'D on the speculative markets u'''i
prices, credit and everything else nave so"' -,
under the tremendous load OF speculative 49,
II is TO be hoped that the delegation sent by '"e
New-York Cotton Exchange &c Washhs'o" ~ ~
near before the Committees on Agriculture III 'p
position to the pending anti-option legis'a''o'' -
Congress- explained TO the committees no" - -
that with far less cotton in the world to-day imam
at any time in many years and with iar '"o'e
cotton mills. all running tc consume H. -
possible for bands of wreckers on the co''o"
changes of this country to beat down the p''ee'
OF cotton to a level where 1t can only pe e'o""
AT what is practically a loss to the planter
ton Of Congress that might result In chech,S
IL did entirely Kill. the present evil OF s"'
In one OF the great American staples
Instead OF being two-thirds as large d. ~
wear which must be the If this crop Is 10 rea
100000 bales the receipts al interior towns SeS'
day were not half as large last year A"s
got 243 bales against 49, Memphis AIS against iV0-
St Louis 70 against S9G; Cincinnati 2ioS as"''''
6ls7 and Houston LII against 2.i99. Houston en-
poets to-day 900 to LOO bales against 2' las, yea
Port receipts yesterday were 1882 against iol" a''
year New Orleans expects l.50O to lNV 'o""'
against 1861 last year and 65i2 in 1894 While ROM
bay receipts for the week were 5000 against S-
last year the shipments to Europe were oh'E |''V
against 26 600 last year. All these figures OF "auo
were brushed aside in the prevailing anxiety 70 Pe
I'D more thousands Of bales Of cotton thar never
grew on the short supply that does actualS eN'''
for the uses Of Legitimate commerce. o. and
May cotton opened at 80, SOFA het"cc" 20 la
between 745 and 1876 and closed az ~, OctoDe,
opened at 7.l6 sold between ZIG and az ana 'oS''
Liverpool sold 1900 bales OF spot cotton ~
THE feeling on the floor Is rather against co.
but this is resulting in daily swciinE the Sn1' s..
terest. Sales of actual cotton IN LlNtfPoo. ~" ~
morning were 1900 bales. This increase j" ~,
,aklngs Of Manchester spinners would lnl'at' t'n.
prlces have reached point al Wh'h SI.""tt .
are willing TO buy more freely Speculdt ION az.
ncars TO be exhausted. and the trading j. chiefly OF
a local character. operators being content 20 a.l,
small profits on either side Considcrau.' cApita1
is being made Of the action OF the senate WIN
regard TO the Cuban resolutions but tins i.ai
the recent decline In values. "-dPrice. McDofihicA
& Co.