New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-11

Price Mccormick & Co. say l.. their daily COTTON
letter: 49, 49,
As far "a the course of prices is concerned the e2
pecteu Hlu mo- define has usually followed the
publication of the Government report Iocai 70
Tors had generally got short of the market. lns,
sntcinated profits did materialize. however
The average condition Of 77s per cent - t,v
over reported for August These figures apunda an
condrr rho unfayorable private advices wnlcn naSe
been recently received and would appear h e enort
stli further advance The effect OF TINS tepSs s
shSoad viii in ali probability be to stimulate the ae
mand from Manchester spnners VINO nav , tor i,b
r r.s 70 the prospective yield before increasing
their stocks Of actual cotton.
Atwood Violet & Co. write as follows
The lowest report by the Government Tor Augasst
Of any wear since 1881 was in 1897 when II was
therefore the report Of to-day Is the %CrS' al.
$4,000 The question naturally arises, n wha worse as
TIE prospects Of crop erar the ten days
Of August have shown IN In hs cpHp
reducing it below what IT was on ta eures of TO-
dav are based The great drawback 10 the ples;sr'
crop lack of frutage ana we are o oa ON
presson that the loss in condition Is ho'e oi' Una"
w. ask for close investigation of the following
e W. as" The Financial Chronicle according to
its issue Of the 81 inst. based upon exports ; ~
have taken for the commercial cotton year, ending
on the st prox, $4,000 bales. while the CSnti,
nent and France will have taken 3.3oWo; northern
and southern spinners had taken 10 the "a inst,
oo00 bales and by the st prOx they n w nave nave
taken l25eoo and this added together disposes Ok
a crop of 9150O00 bales . ooo ha,as
Provided next crop should reach 7,ooW oaies.
and the Continent and United states, win mel, tner
good trade take only $4,000 bales II would ieaVe
FOR England only 10000. against their taKihgs
this year of nearly $4,000 bales.
II looks as If there VIII be a scramble anon Z
European and American splnners for their fuii
share and Indicates very active spot demand De,
Ginning in September. II not sooner HOW would
matters stand If the crop did not exceed iWUoVo,
which Is not improbable, according to crop infor-
nation being received here?
Hubbard Bros. make these comments:
To state that the Bureau report was surprise
10 the trade inadequately expresses the enect OF
lis publication A condition OF 50 had been ex-
pected by even the mos: sanguine Delevers IN
the future of the staple. and the decrease In condl-
ton Curing July is startling as 10 even now De
considered as exaggerated. But allowing for
small exaggeraon, IL Is apparent that this report
II confirmed by the receipts. will have great in
fuence upon prices. the fact that the European
spnners hold reserve stocks of cotton Will be over
come by the absence of any contracts FOR forward
shipments of cotton this season, and, therefore.
what had been considered indicating an abb
sence of demand. will be converted into an In
creased demand should the movement sustain the
bureaus report of condition, as spinners, mer-
chants and spectators will be willing and anx-
ous to own cotton the basis Of present prices.
There is distinct impression among the trade
Ing because of the failures OF Liverpool to credit
this report We reason TO change the opin-
ion we have expressed that cotton Will advance.