New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-16
COTTON'y BIG RISE.
AN ADVANCE OF TWENTY-ONE POINTS.
GREAT ACTIVITY IN THE SPOT MARKETS HERE
AND ABROAD -- RECEIPTS IN THE SOUTH

GREAT ACTIVITY IN THE SPOT MARKETS HERE
AND ABROAD 49, RECEIPTS IN THE SOUTH
WEST SHOW DECIDED LOSSES.
Cotton advanced yesterday q points over the clos
, ing quotation OF Monday. something over 81 a
bale In Liverpool yesterday the price reached 3D.
a figure the trade year ago never expected 10 see
realized on the New-York Cotton Exchange yes
terday the trading enormous, 4olOo baIes pehs
sold the biggest days transactions this s.dsoh'
January closed last night at 9S' bid. AZ the cios@
there were many heavy orders to buy uneXecuted.
Liverpool. New-Oreans, Wall Street Chicago ana
the outside public generally swamped the brokers
with orders to buy.
The feature OF the days news was the great ac-
tivty and the sharp rises in al the great spot mar
kets Of the South Liverpool set the BAH roUhns'
The Manchester spinners. as they I'D on the -
suance of the former NELL circular. OF September
o. bought heavily of actual cotton, the recorded
spot sales in the Liverpool marle; being 1900 bales,
of which 500 bales American, at lid adj
vance Futures abroad closed nrm al the eqliVa-
lent of - points advance in our market Reports
from Southern Interior towns said there was great
eagerness TO buy cotton 10 meet contracts IN New
Orleans prices ruling above the seaboard quotations
The foreign exporter lively bidder also IN
Southern markets. Memphis, which is called the
American market for Manchester buyers. sold 500
bales at 3-l6c. advance. New-Orleans SOLD s'"o
bales at isc advance; Galveston. 26A bailey al
| !. advance; Charleston 800 bales, Savannah 300
bales and Norfolk 459 bales Is advance each. In
this market spinners took 1913 bales, and the price
advanced S-l6d telegram from Meridian. Miss.
reported a sale Of 1000 bales there To an English
house This great activity in actual cotton indi-
Gated that even II the British spinner thinks the
present crop is enough supply his mills, the
mills DO not yet own H.
The falling of in the receipts at the Southwest
continued Galveston received 1873 bales, against
q iaS
80 1873 last year. New-Orleans expects tomorrow
500 to 10000. against 1900 last year The port re-
cepts AS yesterday. against 64o32 last year
So strong IS the New-OTleans market where a
squeeze uckess shorts is in progress, that quo
ations there several times yesterday actually sold
over this market while the normal difference is 81
be.ow telephone message from Fa. River said
that great interest felt there in the spot mar
ket, and that Boston and Providence were buying
freely of cotton. Holders in the South were said
10 be willing to sell to exporters who were pay
ing full prices. The drysoods market was strong.
Comments OF leading cotton firms on the situation
follows:
Advices are being received from many points
10 the effect that the first picking TOOK nearly az
the cotton from the fields. II this proves TO be the
case then we shall soon see a still further diminu-
ton in the movement.-(Price. Mccormick & GO;
quotation many of the cotton trade last season
expected to recorded in the annals Of The
trade. That market after the advance or 3-o4ths.
closed firm at the best prices OF the day under me
effect of the rumOr OF the puDucduon OF the
NELL circular indicating crop Of 65tc@o bales
Hubbard Bros Il co.
Atwood Violet & Co. in their letter make an
answer estimates which have been circulated
as to the worlds requirements of American cotton.
I'm substance follows:
II has been said that a 5000 Ooo-bales crop or IN
addition to 100000 bales visible and invisible Of
American brought over into this season on sep
TENDER / last would suffice for the worlds con-
sumption. which Ellison says Is $4,000 bales OF
American We beg reply follows. There are
two future markets In America and two in Europe.
which require. with the enormous speculation IN
cotton. and unusually large snort interest, at
least $4,000 bales of American. because no other
kind Is deliverable contract and II may be mat
stock In the aggregate al these
points may be retained In consequence OF increased
speculation. and therefore. that much cotton Is
an unavailable supply for the worlds spnners. This
would leave 7.5O0OO bales. in round figures. to sup
ply the worlds consumption which the party above
mentioned says is 10000 greater The people who
now require or may require cotton hereafter,
whether spinners exporters or speculative shorts.
| must pay more for what is available unless they
can induce the contract markets 10 part with
theirs. sparingy generously. Can any one give
fair guess as to the of advance in con-
tracts that would follow large reduction OF the
spot protection required Just now by New FORK,
! New orleans Liverpool and Havre?