New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-21
COTTON MOVES UP.
A WARNING COMES FROM MR.. ELLISON.

REDUCTION OF THE VISIBLE SUPPLY TO THE
DANGER LIMIT roREsHADowED EVEN
SHOULD THE CROP BE ooOooo-THE
SITUATION AT LIVERPOOL.
The cotton market closed strong and SIX points
higher last night than the final sales OF SATURDAY.
Toward the close the report came from liNerpoo'
that Mr. Ellison would come out with circular
showing that In view of the worlds present con-
sumption of cotton 1000 O00-bale crop would leave
the surplus next fan reduced TO the danger limit
This report started buying. one firm. HUBBARD
Brothers G. Co. being conspcuously heavy buyers
The movement of the crop was light Ihere were
renewed indications of activity In Southern spot
markets Wheat was rising. The war scare
ghost that affrights the nervous stock market had
no effect on cotton. II is overdone. so the price
went up and closed steady. March sold at the close
at 7.95 bid.
The port receipts were rs rs bales or 1900 less than
were expected against 4261S last year Receipts al
New-Orleans to-day estimated at 5000 to looo1
bales against 1890 last year Interior towns ran
far behind last year Augusta got PSI, against s'3
last year Memphis. 954, against 2G7 last year; ST
Louis 4sS against Sc: Cincinnati go against l'o''
Houston . 49, against SEQ. Houston expects to-day
6,cOO against 1872 last year
New-Orleans sold $3.50 bales. Memphis, LOO bales;
Galveston i2s3 Mobile 800: Augusta. fSl5 and -.
Louis 5l9 Exporters bought Las bales in the oca!
market and spinners 79l bales, the heaviest puf-
cheses here in a long time. Exports from ali the
ports 1900
In every direction 1t looked If the smallness OF
the visible supply the early decline in II that has set
In and the extremely light receipts are all tending
TO confirm Mr. Neills judgment Of this crop Liver
pool spot sales fell to 5000 bales yesterday THIS
served TO call attention TO the situation at mat
point The condition there simply that unless the
daily spot sales in that marke. are reduced DeIo"
10000 bales and remain below that until next No
vember the British spnners will be forced TO I'M
port American cotton great deal faster than mere
,ofore the entire surplus OF cotton or any Klh0 III
Liverpool VIII be wiped out. on this point the TRACE
movement at Liverpool in the pas, two years ought
10 be a fair guide to what might be expected this
year.
The visible supply of cotton Of all kinds in Liver
pool was reduced from its maximum of l,s5sOo
bales March o. 1894. to $4,000 bales on November
s. 1894 when the receipts from the new crop began
10 come in The stocks Liverpool are not likely
10 get much above what they are al present unless
there is great increase in the imports or de-
crease In the sales there. YET reduction IN the
Liverpool supply on the same scale as IN tha year
besnnins as late as March 81 ock o not of
can only, but of all knds On March gS 1874, me me
s eaRssS O On Sovembe yo'f }oowns il had
900 bales loss Of l,02s 600 bales There can oe no
increase in American stocks at Liverpool this year
unless there is a sharp increase In exports from
here over The supply now gog S STOCK of AMER
cotton in Liverpool is 800, bales, IL une
same reduction in stocks takes place inns sullicl
and early fan in Lverpoors supplies OF American
as took place in 1894 the exhaustion Of ne stock
OF American cotton predicted by MI. Nein MI
occur at that the greatest cotton port in the woru;
The stock of cotton of all kinds in Ive.P Ssn
II stood at $4,000 bales. The REDUCTION 'nat pe
gan on that date had reduced this supply by No
ss%peT to S go bases Sis d"r Ths
can Gotten at Liverpool fell from 7S.Vog on Mareh
bales 10 shou On the SOCKS of ali Kinds and
can cotton at Liverpool not increase from now OF.
and the decline set in March L. the same dale a.
last wear and the reduction run along on the sAhe
scale the total exhaustion of American STOCKS az
Idverpool will be seen before Novembe: next ana
the visible supply of all kinds left in that port VIII
be reduced to lS2 900 bales
an abnormal falling OFF in the daily sales at Liver
pool or very considerable increase IN the Voiuuie
Of exports from this country TO that port II me
predicted total exhaustion OF Stocks n ns1e av o1
not prevent H. for daily sales Of that amount mean
a withdrawal OF 10000 bales from the supply
held there Ii will be noted that the maximum IN
stocks in Liverpool is generslly reached III MaiNn
Year before last Ii was as late as Marcn rs STOCKS
at that date az their maximum have been lot SeN.
oral seasons past in excess of 1.50OOo bales Last
week the Liverpool stocks were down 10 ilIl'W
bales and the amount 1000 bales less imam on
already set in this year or ABOUT TWO Inon'is
ahead of the usual time and with supply al
Liverpool half million bales less.
Memphis Tenn. Jan. 20.-There will be a large
attendance OF cotton planters from all over the en-
tire South at the cotton convention to be held IN
this CITY Tomorrow The question 10 De consdereu
is the reduction of acreage for the coming year
Association, is here to-day Mr. Lane says tnat the
crop this year IS not over $4,000 bales ana put ipr
the and financial trouble cottoh "ou'u pe
worth 10 cents pound.