New-York tribune., 1896-01-15
WATCHING THE RECEIPTS.
DULNEss IN THE COTTON MARKET.
A LOWER RANGE DUE TO GENERAL INAcrlvITIS
COMPARISON WITH THE MOVEMENT


IN lsse-s7
The cotton market was featureless as a mill pond
yesterday The total sales. llOloo bales. reflected
the stagnation prevailing. The German pears
thought to take advantage Of the inaction and ham,
mer the market down, but they did not succeed 70
any great extent and there were signs that tnsy
wanted TO cover at the close. The greater part OF
the days transactions were within range OF Two
points and consisted chiefly of getting out OF Marcn
and into May. The March option opened at Au,
sold down to 79i and Closed at 7e5 bid loss OF
points for the day. Liverpool sold only 5000 ba.eo
spot The future market there closed point nisnW
for near and point lower for distant months. ne.
cepts at the ports full-26364 against iSz -
year The old grizzlies shook their heads al tns
showing and said See how the receipts are swe"'
ing" AS matter Of fact the port receipts mus
far this week are 6l s9s against $500 last week.
and will probably fa.l short of ast year for the
entire week nearly 10000 bales. or the hve posted
interior towns three showed full receipts compared
with last year. the other two were less than ha1 OK
last year and the total about 5000 under last year.
Augusta got 544 against All last year; Memphis oS.
against 74S St Louis sl9 against 345; Cincinnati lU.
against s23 and Houston 5297. against 1880 Hous-
ton expects to-day $500 TO 3,j0p against 1904 last
year New-Orleans expects to-day $500 70 ASoo'
against 6.91i .ast year.
II will take more than these figures to base the
assertion or that the receipts are too heavy for
$500 900 bales crop The crop Of lss5-S turned out
TO be only 65l3s23 bales. Up TO January 81 there
came into sight of that crop 5.4776ss bales Up 70
last Friday January 10. there had come into sisnt
on this CROP 5.l62 coo ba.es There must come into
sight for the Of this month BLOOD bales 70 eQua'
the movement of that $4,000 bales year
THE market is very sensitive and reflects every
passing shadow" said LLeutenant-Co.one William
" King Of the 22i Regiment whose opinions OF COT
ton result from experience of lifetime Win u
Colonel Kings observation accurately describes the
situation r. s.,.s.-,
spot markets did a fair business. New-Oreans soid
1890 bales Memphis $50 Galveston ~ 900 nw,
Orleans. New-York and Galveston declined lilo 50
The coming convention in Memphis, on January
2l. of the Southern Cotton-Growers Associaion, on
duce the acreage IS being looked for with great in
terest by the trade. Teegrams are being sent from
fsmateay TO carry out this dea and the effect
the value Of their chief staple tns year aIX Wy
is growing confidence that the painters are so weL
organized and led now that systematic red1ct,on N
before have they been in better shape, nor has
the iniucement TO limit acreage been 50 great Lnese
dispatches came from the South yesterday, among
%ew.Orleans Jan li-Red River boat due to-mor.
row with 200 ba Is another due Friday. with about
300 Careful examination shows that aiter atriv6 va,
Of second boat there VII not Ds S AGENTS
Red River boats here say Fridays boat WIS prine
entire stock from Coushatta an lnp9rIsn. shpp,'s s
800 bales hereafter
Macon Ca Jan l3.-The bears claim that a great
deal OF cotton Is he'd back by the farmers, even
now Being one of the largest painters I'm Georsias
and a very c.ose observer on the cotton suDJect,
am willing TO go record In asserting that there
Is less cotton on the farms than In any January
in six years. They claim aso that great many
mules are being sold This Is true. but they Tor
get that very few bought last year. and they
are not aware that more mues died last year tnan
any year in the last The scarcity or money
the difficulty had in securing advances from
factors and the short corn and forage crops
in 1894 were the causes for these small purchases
OF mules
| The Wild and rabld bears the Cotton Exchange
| keen barking upon the enormous sales or inuies
in the South as II every black man IN every scuth-
ern state were buying mule for every pickaninny.
| Pay visit to the Cotton Exchange and near the
bears talk about mules. and you would think thar
the Southern crop of mules in 1895 must have sur
| passed the number OF bales OF American cotton
| raised last year. The number OF bales OF Ameri:
cotton raised in 1885 probably did not exceed
| $4,000. II YOU listen 20 the bear chatter aoout
sales Of mules you would be forced 10 the be.ief
tha. the Southern crop OF mules In 1875 was al least
100000 and that every OF those seven millions
OF mules has been sold within the last few days
There seems TO be tie OF affection and af1nity
between bears on the Cotton Exchange and mules
and asses The bears never tired OF talking
about the mules Both bears and mules are well
known to be slngular.y stubborn creatures. There
is evidently bond Of sympathy between them, ana
the vast wealth OF knowledge about mules which the
cotton bears displaying every day at present R
extremely impressive and also extremely entertain