New-York tribune., 1895-09-25
HIGHEST YET FOR COTTON.
NEW RECORD MADE ON THIS EN-
TRAORDINARY ADVANCE.
JANUARY SELLS AT s.5o-A DAY OF GREAT Ac-
TIvIrY AND EXCITEMENT IN THE MARKET

JANUARY SELLS AT sJ0-A DAY OF GREAT AZ
TrvIrY AND EXCITEMENT IN THE MARKET
NEILIis LATEST STATEMENT.
The American cotton markets were tremendously
active and excited yesterday. and on the New-fork
Cotton Exchange prices further advanced until
January gold at 749, making the top notch yet
reached this extraordinary rise, which Degah
on March I. The close strong, and higher
prices yet confidently predicted. Talk or 10
cent cotton, which has been common in the cotton
belt for a long time, Is heard more frequently In
this city. January cotton sod at S5l on the curb
The total sales yesterday were sweed TO the great
aggregate OF 3j5,co0 bales. Many operators who saw
splendid profits within their reach grasped them
One operator alone Is said 10 have sold $1,000 bales
Their heavy offerings In blocks OF thousands OF
bales absorbed by the market as water Is
sucked up by a sponge Although Liverpool opened
5-64s higher. the New-York market, under the
weight OF heavier port movement than was ex-
pected declined TO points at the opening. Heavy
realizing began on the break but the extraordinary
bullishness OF the market led to rally which
quickly recovered all the loss. Then reports came
from the cotton belt that agents OF spinners and
exporters were buying up all the spot cotton at
eight cents they could find at interior markets
There general advance OF i-lG to is all along
the line In spot cotton. New-Orleans and Liver
pool sent a food OF buying orders here. based on
the statement that Nellrs expected statement CIV
the added information that It might be a great deal
worse than the figures given. The Governments
weekly weather report. a summary OF which Is
given below. hung over the market like a menace
10 the bears Above ALL the tremendous strength
OF New-Orleans seemed unaccountabe. Quotations
In that market about identical with those
here although the normal difference between the
two markets is thirty points more. Under the
stimulus Of these influences and never-ceasing
stream OF bad crop reports from the South the
market moved steadily upward. Liverpool Chi
cago. Wall Street. New-Orleans and the South
bought heavily. and fortunes reaped in realiz-
ing sales.
Port receipts yesterday &c 2s5, against S9f6
last year. The port receipts to-day must compare
with 3o,530 last year. New-Orleans expects to-day
$500 to 4OC0. against e,SOl last year.
Manchester splnners bought u 900 bales In Liver
pool yesterday at lie advance.
The cotton belt sent the following among other
crop advices:
18th to 18th inst. fourteen twelve and eleven years
ago. yet Texas was then done for. although no
besides worms. Drouths this year, II records
worth anything, worse than any since the Ameri-
Mounds. Madison Parish. La. Sept. @-worms
in last thlrty-four hours. Clerk of Tensas Parish
says worms stripping that parish; same from Con-
corda.
Natchez Miss. Sept, 2.-Eastern spinners are
buying ali cotton offered.
T Sept ek sess seda "a &c. to
Post says. not more than 800 to 800 bales will
be shipped from there, whereas 1000 were shipped
last year. Dispatch from Brenham says that all
points in Washington. Fayette and Lee counties. re-
ceipts half OF year date cotton fourths
picked and hall marketed These counties raised
Neworieans sept. 2a-Bet 5000 that the crop IS
under 6,sOOoo bales 5000 to $1,000 that 1t Is under
$4,000 bales.
New w-Orleans Sept. A.-Andrews big planter Of
the Yazoo Delta, estimates that the crop will lose
33lt In that section; Tax Commissioners estimate II
at 40 per cent CordPs ovcrseer writes that crop
his place and that neghbornood OF Tensas
Parish won't be over 40 per cent OF last year
ton has Eastern or export buyer eager to eaten
every bale that offers. Paying cents in interior
Georglt for mddling to-day.
Atwood Violet & Co write follows:
The feature In the market that continues to be
a bullish one is that of an active demand Tor
spots In the South. There seems TO be great com
petition at nearly all cotton points In the interior;
the rapid opening of the crop due TO extremely
hot weather that has prevailed In that section,
particularly In Texas, where the most alarming
reports of condition still continue. Inc OUTLOOK
much as everything indicates that they shall De
able to obtain 25OoG0O 2,75o000 less than during
the season just passed
Hubbard Bros. & Co. say:
Adyces from the South. particularly from the
Southwest could scarcely be worse, and II seems
likely the constant reiteration OF these reports
will bring the European splnners into the MARKET
for their years requirements
Price Mccormick G Co. comment follows:
The sentiment continues very bull!sh. as II is
believed that the next cold wave VIII extehd gem
e,ally over the cotton belt and result IN serious
damage owing to the ateness of the crop.