New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-16
COTTON BEARS ACTIVE.
THEY FORCE DOWN THE PRICE TEN
POINTS.
ARGUMENTS BEFORE CONGRESSMAN THAT DON'T
FIT THE FACTs--VALUES PUT DOWN IN IhE
FACE OF SHORT SUPPLY AND
LARGE REQUIREMENTS.

LARGE REQUIREMENTS
When the representatives OF vast constituencies
NJ disconnected and restless American FARMERS Al"
troduce bills in Congress TO abolish tradihs III Up
lions on the speculative exchanges OF the cou"'is
delegations OF well-dressed and hiSny respeo'"o'e
mon from the cities Journey TO Washington anu
toll N. committees that demand and supply regu-
,ote the nrlce OF commodities. that no human agency
can alter this law OF trade. and that the specu-
latiye dealing in options Is behen' 10 Tue pa
ing masses OF America. THIS course Oh 'e"SO'''''s
does not seem to have much appIicatoh 10 inc e'e''
staple of ten Southern Stacc-cot'oh VIZ" SUP
rlv ~ cotton in the world smaller than mas peeh
o IN wears with a demand for II from foreign
rsr,,ers EXPRESSED in excess OF exports Tor the
las, week OF 35U bales over the corresponding weet
Ias, wear: with the supply In this country l-oVOo
hales less than last year at this nle-a supply that
was reduced 1900 bales IN this one week Dy reason
~, IN. urgent requirements OF the foreign mi-o"h-
we. MIN 10 200 bales less at American ports than
. his time last year. and 10000 bales less than at
,.is time two years ago: with the MIL STOCKS OF
Euro,e 10 900 bales less than they were year ago
and the stocks in foreign ports million paies oeiow
last year It yet lay IN the power OF one pear op-
er,tor on the New-York Cotton Exchange to go on
tho floor OF that Exchange yesterday ana ny raio-
ing" the market. which means selling thousands OF
h,Iss of mythical cotton to knock down the price
ton points BY the operation of this single pear
the cotton OF all kinds In the world, Dased on 'he
Naw-York Cotton Exchanges standard. was lowered
4, value 100000 in the teeth OF statistical snow
ing ~ less cotton and more demand for II IN the
world than has existed in years
The visible supply of cotton OF all kinds In the
world on Friday night was $4,000 bales wnieh
,as loss of 5000 bales during the week. This
Lose compared with a loss Of ni.OcO In the corre-
spondng week last year. But the loss last year was
due to failure OF cotton to come Into sight because
of the severity OF the weather The loss IN the cor
rcspondng week to next week last year was only
5000 bales and the week thereafter 5000 bales The
total visible supply OF cotton In the world Is now
os Sc, bales below the supply held at this time last
year COG s2 below the supply held in 1884, and SsS5
under the supply OF 1888
Tho total visible supply OF American cotton Is now
down to S3,s 900 bales which Is loss OF $500 bales
for the week The visible supply OF American Is now
s OoO bales less than last year: $4,000 bales less
than 1894 and $4,000 bales less than In 1893 1t must
be horne In mind that Mr.. Neil. OF New-Orleans.
nr.dcts the entire exhaustion OF American stocks In
Europcan ports by October !. on basis OF 65OoOOO
bales for the crop. unless consumption Is checked
abroad On a basis OF 100000 bales Mr.. Ellison
practically confirms Mr. NeilL Eliisons latest fig
ures. published In yesterdays Chronicle" show the
total European consumption TO be $4,000 bales
week which is an increase Of Ucg bales weeS S,rn-
stead Of .b,y OF Se oresners sens
$4,000 bales for export. or $4,000 bales more than
they have taken already from hhs elUp the suppy
eyeiiable for export 1S5OOOo bales Last year. after
aS; ZINE the exports were 100000 bales VIII
they want as much they did last year from 5no
NM, aes short OF last year. It would seem that they
muih to What they sc. expect 10 %
Tor asf futre they will take great deal more than
last year least hey S ba wsnt as mHre o
. sor the second week in February last year
The exports yesterday were $500 bales, me ex,
Sight bales THIS drain with tns s nans0
10 reduce the available supply OF cotton In this