New-York tribune., 1895-08-04
COTTON GOES STEADILY HIGHER.

BAD CROP ADvICEs AND A HEAVY DECREASE IN
THE WORLDS STOCKS SEND Up PRICES.
The cotton market, which suffered relapse on
Friday owing to The gold shipments more than
recovered the lSss yesterday and closed strong at
points oboy> Friday. October. after touching
T. o. II points up. closed at 702 The strength
came from the bad crop reports to THE Financial
Chronicle" and the strong weekly statistical state
ment In addition, private reports were bad
or worse than before. Complaints OF drouth In
Texas. shedding in some sections and too much
rain in others arc numerous. Liverpool was closed
for the bank holiday THE Chronicle" showed
that the worlds visible supply had lost for the
week l3s 900 bales. 900 in weeks OF which
22sccD bales were American cotton. This was said
To be the largest shrinkage in the visible stocks In
two weeks known in the history Of the trade The
light movement compared to last year. was also
bullish influence. Hubbard Bros. & Co. quote from
their crop advces as Ai!cvs:
Bresau. Tcx-There has been less acreage
planted in cotton and cond lions are not favorable.
The weather has cut US short, ana we are 'hrce
Burnett. Tex.-Cotton has been cut down largely.
and the prospect at this time indicates that there
very late and suffering from rain.
stewart. Tcx.-Our prospect IS the worst in many
years. We have had much rain that our iands
have been under wafer and now the bore-worm
has begun It's work. We have also to deal with a
Castroville Tex-Cotton is fully two weeks later
than last season and is suffering from drouth: The
acreage is about ~ per cent less than last year
pubina. TeX.-The prospects IN tnis vicinity are
very good FOR corn. and cotton Is much better than
was expected at one time
Kcrrvle. Tex.-Our acreage is much below what
IL was lasC year, and cotton Is sunering Tor RAIN
We are late have had severe hali ana ram
storms In May that washed out and killed every
hnS WnSoa ana s soo Hus s1ne cotton plant in this
vicinity has been looking well but recently many
reports are coming In OF blight" and many dead
lon yes are found in the rows which have fallen
from the bottom OF the plant. Much is said o.. Of
little fruit being taken on Rain IL oauly
needed. and the critical period Is Just upon US.
Writing Of the crop movement out OF sight' Az
wood Violet & CO. give the following figures;
During tho last week the Liverpool stock was
reduced 1900 bales. Continental stocks: Sf,"vv,
American anoat for Europe. l0ov nited ota,es
mort stocks 1900 bales; United states interior
20 date Is $3.50 5l bales. against is3sS last year
our exports date have been 6os'Sy "a nales asalns
tss 20 an excess, therefore. OF lo20Vo bales ana
vet the excess OF European stocks OF american
Ana aioat for Europe is only $4,000 more than last
wear showing that European spinners nave .akcn
ioiT 0p more Of American than up 10 thiS time last
year -, - i, ~, ,ro-, o,,s-
last wear is g30i bales. all that Is left or II IN
w,rohouscs at United States ports ana interior
roints weekly reported Is 5000. showing that
American spinners takings and our exports nave
e~rsgatsd efn.a more than FOR the same eleven
mnn,hs OF last year. Then again. II we deduct
frn,n 9D,cIO the excess OF visible supply IN ru-
ron. OF American cotton over last year. we n'lu
That the worlds spinners nave taken V"pp M IIioie
,hon thcn and II this does not prove the enormous
sor orsi,,rntlon OF American the world over. ana the
n..as ity for a large supply ont OF ahotnef crop, IL
nonli h. interrstirg to know whdt iurther EVIL
1,r|as ~ proof would be required.
Arothar thing worth attention is that this con-
s,ir.ufion the largest on record, was IN progress
,''r,,,, nne OF the most serious commercial de-
pr,ssors ever known IN this country