New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-07
rr,rrRFs OF THE COTTON MARKET.
DILL. DAY RESULTS IN LOWER PRlcES-DE-

4 dull. DAY RESULTS IN LOWER PRiCEs-Dh-
MANp FOR SPOT COTTON MORE ACTIVE.
Tn. storm Frustrated telegraph wires generally
Yesterday and the absence OF business from the
floor OF the New-York Cotton Exchange was re-
aected in n total volume OF trading shrunKen 10
81 500 bales The result was. as usual under such
,n,ai,ions n llstlcss market and a saggng price
,rn eral nrces showed a net loss Of about points.
Tho rev crop months the steadiest. There was
some short selling by some members or the Ger
man platoon though 1t Is noteworthy tIiat one
conner OF the Teutonc quadrilateral mas 1auen INTO
the bull camp within the last Few Gays. ana there
are signs of disntegratlon about the whole struct-
IRE II believe said the member OF the comoina-
lion who has recently quit his bear associates. yes
-erday that the will bo better demand Tor
cotton from the spinners and exporters from 10"
n, because OF the successful bond sale. Things
wore In such an uncertain condition heretofore tnat
merchants could not get the money on credit they
wanted But that is all changed now The bona
sale means restoration OF credit and confidence.
which is the basis OF business The local daily
tluctuat.ons based on temporary causes. viii not
alter this new and permanent condition.
There were signs all around the sky yesterday
that the renewed demand for spot cotton expected
by this convert to the bull side was materlalizins
Exporters bought in this market 1900 bales New
Orleans sold $500 bales: Memphis. 5000; Mobile. 6oO
Galveston 673 Augusta. 332; Norfolk 2eS: Savannah
1885, and Charleston 80. Exports from the ports
were DdleS or O,vV Ddles more IMAM were re-
ceived at all ports. The weekly comparisons
at Liverpool and in this country begin to-day, and
some sidelights may be cast the cotton situation
that will make interesting reading.
The port receipts yesterday were 1900 bales,
against 1900 last year. New-Oreans expects to-
morrow 5000 TO 5000 bales against 5.675 last year
The bulls say these receipts Will be found to-mor-
row have come from the counted stocks In the
interior. The Interior towns reporting were mixed
al to their showing Augusta got 63S bales. against
1888 last year; Memphis. 26s bales. against S4l ST
Louis. 357 bales. against 3S3: Cincinnati III bales
against ll5l, and Houston 1921 bales. against 26yl;
A
last year. $50 . ,-
Liverpool about on par with the American
markets as far any activity manifested itseil.
Futures there closed shade lower for early months
and unchanged on the new crop Spot sales were
5000 bales. . AN,
rhe Weather Bureau reported the storm stili
prevailing the cotton belt and this fact st9aaleo
the new crop months In this market; rear, 1--WE.
In Mississippi Is four miles wide. and the oW4nus
OF that Stale where farmers are usually pouHHnhhs
at this season, are seas Of water; Inere VIII 20
more rains, drouth5 ana Hosts pe'ois wv ~
Alabama advices say that the ofncers ana meu,
hers OF the Cotton Growers Association are acuveS
ar work among the farmers pushing the movemen'
rv,,ra ted al Memphis to restrlct the acIeiSe.
In v7sw 81 the talk about the great increase IN tne
Iast YEAR sales Of fertilizers were extremely small
la ias Tho South Carolina papers report that sales
OF fertilizers this season IN tha' ola'e ae oe'o" ZIG
SAFES p ~ Receipts and shipments running about
Do nn ac,,a6 Receipts for this week have been
Co oo baes against 80 900 last year and shipments
TO- Europe 1000 bales. against 5000 last year.