New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-17
COTTON TAXES A FIRM STAND.
PRICES WELL MAINTAINED-THE FIRST BALE on
THE NEW CROP SOLD.

ppIcrs WE'LL MAINTAINED THE FIRST BALE on
THE NEW CROP SOLD.
rho ,ears hammered away faithfully at the Ions
suffering cotton market Yesterday, but their per
spjrng efforts went for naught. quotations were
firm despite them Before the first eau WAS over
AT the Cotton Exchange. there was chdhs' ~
tone that overcame the opening decline OF a poi'
or two and before noon carried prices mp 10
pon,s above Mondays close. The reaction that fol
lowed stili showed a gain Of to points, ana u"
marLe, was maintained those figures steadily
throughout the Afternoon This Notwithstanding
the fact that the bears were watching open
mouthed TO Themselves. Ia the phfas" 81 the
Street, split the market open. The total sales Tor
the day were $500 bales
The frat bale Of the new crop reached the EN-
change a bolatcd visitor. yesterday II had com"
nh from that band Of ptobenaiical Yield the great
commonwealth Of Texas. ana from jnVai county
therein II was sold TO J e. Graham n Co at III"
magnificent price Of AS cents pound. roy"l
ngur. when compared with IN" 's cents az "h'h
July deliveries ruled yesterday. II viii h" shipped
10 Meadows. Frost Co, Liverpool with The hinl
regards Of ihc American cotton belt
Atwood Violet a. 90. gave expression t. the FOL
lowing opinion In their cotton letter
our crop accounts from MANY SECTIONS continue
very unfavorablc and adviccs OF the same ch"fn'-
Tor are quite general here. There was much less
rain In the cotton belt Yesterday MAN ioi several
weeks. and the extent Of the damage by rainfall
whether AZ serious az has been stated or other
wise Will become apparent We f"ceiv"
from many authentic sources statements 70 IN"
effect that the deterioration In the crop u very
marked, as compared with last year
Liverpool ana the Continent seemed disposed 20
await further developments In the way VI crop IN
formation II the damage has been anything ap-
preaching what IL has been reported to Do. Ia" up
ward turn Will be all the more marked, especially
II prices should siili further recedc. Europe. how"
ever seems 20 think that the quantity left or the
present CROP visible and invisible IN OF much more
Importance than the prospects OF "a snort crop.
which they regard probematic8l
Telegram from the South yesterday told of
another heavy rainfall The Government weather
and crop report tried TO be AS impartial an possible
by balancing on favorable and unfavorablc condi-
| lions. but this may perhaps be accounted for by
the fact that II only the second report OF Pro
fessor Wills /. Moore. the new chi'f OF the
Weather Bureau. Its statements fOm the cotton
States were follows
Georgia Cotton small but improving.
F4orida-CrOps generally satisfactory. except cot
ton, which Is shedding
Mississippi cotton greatly improved and helds
being rapidly freed from grass and weeds.
Louisiana Generally favorable week.
Texas-Heayy rains have damaged cotton.
Arkansas All owland cotton is seriously injured.
but upland cotton will be good.
Tennessee-t;eneral rains causing much damage.
too much rain for cotton.
North Carolina Cotton poor, but progressing.
south CarOina-cotton small. but frultnS freely.
Missouri-Too for cotton.
oklahoma Cotton damaged by excessive rains
and boil worms