New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-14
4 REACTION IN COTTON.
RUMoRs OF AN ATTEMPT TO CORNER OCTOBER
DELIVERIES IN NEw-oRLEANs.

RUMoRs OF AN ATTEMPT TO CORNER OCTOBER
DELIVERIES IN NEw-ORLEANs.
Cotton. as expected after so sharp rise. reacted
eight ten points yesterday. october. the leading
month, closing at 7S0 There was active selling to
obtain handsome profits accrued on the RISE and
report that the Government weekly weather report
to-day would be favorable everywhere over the
belt except in Texas. where drouth still pre-
walls. Tho trading active and sales reached
2270oo bales The Liverpool contract market was
violently agitated and apparently all at sea as to
the value to be placed the Government record
breaking figures. There sixteen distinct
changes In the Liverpool market ten Of them being
advances OF one-half point. The close was at
net advance of one and one-half TO two points
New-Orleans sent bulsh news to the effect that
conservative planters estimate that they Will not
raise so per OF cotton on the best Brazos
bottom lands, and % per cent the hill lands
They say that the demand for paris green 10 XIII
boil and army worms is unprecedented
The famboyant Crescent City bulls likewise sent
another select assortment OF offers 10 wager.
This telegram received on the Exchange
Offer any part of 5000 that louisiana loses 30
per cent. She will lose that even II frost is deayed
until Christmas with average frost Will lose nearer
RI prr Won't make s 2oc baes If Texas drouth
continues ten days she can't make le"" IN pa No
vember. which the time Of killing frost In
Texas drOuh 81 oT s privilege
81 900 the 10th prox that Texas VIII not make
10000 bales.
REPORTS came from New-Orleans that move
ment is foot in that city TO corner the OCTOBER
shipments and firm. Debuys & Co.. Is credited
with having bought in that market yesterday
81 900 bales II the crop moves as slowly into sight
as the new cotton has up to date. those who expect
TO load cargoes at the port OF New-Orleans IN
October may experience trouble getting the actuai
cotton.
These advces were received from the South yes
terday:
Nsw-Oreans, Aug. l3.North Carolina mills s. are re
wiring here, asking for firm offers on cotton 10 De
delivered there. dry Texas and wet Misss ropp
Valley have not heretofore produced large crops.
Charlotte. n. c., Aug. 10 arrived here here TINS TINS
afternoon from Augusta, Ga. and thinking you
would like to hear from me in regard TO me crop.
] write TO let you know the situation This letter
is intended give the situation as judged 1t from
my own observation from Savannah 10 Charleston
and from information received from traveiilng
statesmen and farmers. In a few words the crop
have and heard Of is the worst to date since
1881. The cotton from Savannah to Charleston VIII
not average twelve inches hish and Is nov bloom loom
ing clear up 10 the top of the stalk. the piant
does not look healthy. and an early frost would
mean. according TO South Carolina and georgia,
less than a 100000 crop, and cannot believe IN
over a 100000 crop under any circumstances.
have seen and heard from people in Texas. upon
whom can rely, and they report very gloomy
prospect there.