New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-07
COTTON JUMPS UP TEN POINTS.
STRONG MARKET IN LIVERPOOL CAUSES
SHARP RALLY IN AMERICA

, STRONG MARKET IN LIVERPOOL CAUSES
SHARP RALLY IN AMERICA.
Tho cotton market yesterday was a surprise 70
tho traders on the New-York Cotton f'Nchanse'
and especially to the bears. who experienced "i
Tho French call "a bad quarter or an hour' oi''
,hore were several bad quarters instead Oh one
Futures rose ten points in marvellousiy qu'cA
,,,a and spot cotton was advanced l-l6 cent II
no,nd The subtle influences that cause the huct-
nations In this staple can only be appreciate" W
those who watch 1t closely The primary cause
Of the sharp rally here was strong Ha'he
abroad Exactly what caused the Improvement
abroad was not known on this side definitely Inc
most plausible and generally accepted theory was
that as The Tribune has frequently pointed out,
the unprecedented consumption OF raw cotton ana
the growing evidences Of a determination on t'e
part OF the planters to reduce the acreage nave
caused the British spinner to buy actively IN the
market Yesterday Manchester spinners look
70 COO baes Of spot cotton despite the advance In
price Private cables said they had not secured
the actual cotton against the contracts they hau
entered into with the Eastern countries
Dispatches from Alabama said the planters OF
that State have resolved to join the movement
pedgng a reduction of 25 per cent in the acreage
Sales of futures on the New-York Exchange ran
I'D to l5l POO bales yesterday, the most active mar
ket In three months and buying orders came In
freely from Liverpool. The heavy movement con-
tinued, but market closed at a net gain OF
NO'N''
at present Hubbard. Price & Co said yesterday
The temper of the market has been graduail!
changing for several days based on the liea tnds
there would be Il reduction in the acreage; Dut
this advance holds the trade are AFRAID that me
and a decline might follow from the present au-
vance. Therefore, the situation practcaIly r.
mains in the hands Of the southern planters as u
what the course Of prices snail be
Atwood Violet points out that while TINS crop
promises to be 5000 bales. or larger. more than
in 1912, Uhe 9Cc00oD-bale year,. the acreage Is
actually smaller than In 1892. which shows the
phenomenal lint production per acre on this crop
Such extraordinarily favorable conditions are not
likely to surround the crop. ON this question
Of acreage Mr. Violet says:
Taking the Government report for the current
season at 20CD0D0 which is little more than
their official figures. and deductinG - per cent
il would leave 100000 but al Texas Will reduce
mate an average OF II per cent. making, therefore,
100000 the upon which the coming crop
will he grown. This would show that about 2b,JVO
miles Will have to provide another season
lin addition TO what Will be carried over into IN"
new Gotten year on September next, for 10 per
cent or more OF the worlds cotton requirements
for the twelve months following, besides largely
protecting the short interest In the three principal
contract markets. The outturn per acre may he
me Int per acre H. 2,5 pounds, or as large as II
vas in iSa2 tho next crop cannot yield 'oh"N
bales should not cotton, at present prices. De an
Investment for ca, dtal as Wei as spec ulftloi
Tor some pront. larger SIN ller, according TO
what the conditions may be of the coming crop