New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-16
THE BOOM IN COTTON.
QUOTATIONS. ADVANCE MORE THAN
TWENTY POINTS
, p1su or, 10 POINTS FROM TIE LOWEST IN SIX
WEEKS-A BIG SPOT SALE IN THIS CITY
ABSORPTION or THE CROP.

y
wEEKs-A BIG SPOT SALE IN THIS CITY
ABSORPTION OF THE CROP
The cotton market continues to move upward at
pace that a7ton!shes the most sanguine traders.
Spot cotton in this city yesterday was advanced =
cent a pound and sod at I -l6 cents for the hrst
time in many months. Futures kept climbing all day.
and at night closed strong Il to % points over
Thursdays final figures. May c,osed at GA or lSo
points above the lowest quotation touched Febru-
airy % August c.osed at G.1j, or within - points
Of the predicted 7-cent cotton for that month. Our
market opened at S TO II points advance, on heaVy
buying for southern account ON the curb IN New
Orleans Saturday cotton was to = points hisher
than THURSDAY Nj the southern spot markets were
SIC TO Il cent higher and the bu,.ish feeling Is APP
parently dominant throughout that section
Liverpool being c.osed yesterday added to the vol
ume OF business done here, and the day was
Lively the New-York Cotton Exchange. Iotal
sales swelIed to 2io2to bacs. l'u, the significant
announcement OF the day WAS the ea'e o' DIV oae'
at the advanced quotations TO sp11ois IN t.lS c'N'
Rarely Is such biz spot sac made mere wave
OF bull news swcpt over the ring during the day
Reports came OF a further advance IN PRINT COINS
at Fall River. with a big business dolng and New
England mills all taking OF restoring the wages o.
their operatives. Evidences OF reNN'nS puS'h's'
throughou, the country urmstlkab'e Stocks
wheat and oil al. booming Reports from inc
Southwest were that the dry weather continued
unreasonable for the pant!ns There were he'Vy
Spot sales ut New-Or.edrd and s.. Louis.
The statistical position Of cotton grows stronger
week by week. While the amount brought into ssht
OF this great crop IS c2'iGo bales more th1n 'd"t
vo,r there - only of this 03sGe bales LETT
in this country What is more surprising Is mat
while there has been brought into sisat 5'l%'H'
be,es more than two years ago, there IL an actual
deficit in this country compared with 1893 OF
1852 ba.cs In connection with this statement me
comparisons Of Atwood Violet. the veteran OBJ
server OF cotton conditions are interesting lie
say:
Liyerpoo showed a total OF 17silo bales Of viii n
there was II American lG53"0 of me m'j3l",:
Indian. 57si2. ana East indian. SO, Inc ony Kinu'
sumption j. Fact indian. q "hIcE IN Iteio n',1 49,,
tncr, i- the smallest supply. Inc hllheU' i'',
ho.l II cotton other than American about ne SIN
estimate of the consumption % Amer! an cotton,
i;.os1 con .,Imption OF al KIND, for tho who" o.
Europe. which the recogn nj authority On ih9i
are consuming 40" bales "c4k.N g., NoitA'rn
ml, must be ,. . i"' @' ,r f, ~ Al Hncr
ic4n cotton The would give Therefore q toia! ~
Hr"" balc- Of Amer'cin c'"'-""i by me WORKS
on Sis noris ws g, 40 % which NeS.
a. ork ". .gi T@w-orI5ans hcn $3.50 Ncw-Jr.eaas
has however. ''.op ~ TRANSIT, leaving "'"H' 4E''
In warehouse.
a. "a s. .ss y s s,asf s ~ ' Iii ae'@ q;
,cm a. me ,o ,.s ri. ss a @yn ,h ana x
s''' 'i|" a, psrs outside NevYrE and Nv. ,,ooo
, 9s,cst ,i.rl. e.soo
or which sofa SOC" soc o
%evyorS .,ocs AVAILABLE f,r eSpar, ana d.
s,ds "a r.nia,ions aad o., invisible u~n. ra,. $500
or total ~ '''-"
lyc