New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-09
~ rPV4RD TENDENCY IN COTTON
ALI. CONDITIONS FAVOR THE BULL ELEMhNI
prvAsTAriON IN THE SOUTH.

Arr. CONDITIONS FAVOR THE BULL Element
DEVASTATION IN THE SOUTH
The hurs dominated the cotton market yesterday
In large measure. and conditions poin'eu 10 'o'-
tnu.l upward climb IN quotations OF 81 i."''
moderate proportions. provided only thar the Gov
.rnment Bureau report, which IN - De iss''' W
marrow bears on, the predictions that are conn
,,,v r,,lo for #, Liverpool alvces gave the mar
no, The cue yesterday morning. ana local quota
,,ous responded the trlnsat,ntic Improvement
hv opening advance OF ABOUT po'.' -
s,turlav's clos, Added TO the foreign influences
were the reports from the South. out of when '"e
s,or, in,ercet waq able to extract small comfort
49,, ,,or, the disastrous dOwnpour OF ram WAS
,h .-y ,ron, the cotton belt. and II was generally
accented ms A foregone conclusion 'hal 'o-"o'''"
Government report would contribute immensely ~
the support OF the market
r.nder such circumstances. II was only haturdi
tha, trading yesterday should be- light Ihoee spe'u-
,,s OHIO we're on the long side Of the market
naturally tended 10 hold their cotton Tor Il iu'."e'
r,~e and Just naturally the shorts u''''''e' -
add largely TO their interests Inc Day excerpt a.
rrccursor OF possible advances. vas without 'c'"e
Of epec,ai interest. The opening squirt was 'oNo"e"
nv A decline OF 2 points. and the range OF morning
o,.,,o,s IA NOT exceed that limit. Reiterated re-
nor,s ~ damage In leading sections OF the cotton
hcl, s,inened the afternoons trading again. anu
~. ,o,, showeI a net advance OF from 10 points
The total sales amounted 10 only $500 bales
IIyerpools advance was variously "'Cou''''u 4o''
one ,r,va,c cable dispatch said that there had been
increased takngs by Manchester spinners IN ah'c'-
D,,,o, q, n, unfayorabl. Bureau report tomorrow
Another private dispatch declared the Improvement 20
he in RESPONSE TO Saturdays advance In this market
which wa. not expected by Liverpool dealers Inc
ofncia cables to the Cotton Exchange rom "e
r,vsrnool Exchange reported ar improved demand
for spot cotton. with sales for the day OF A-"'
h,les including u.oo Ameri an cotton AZ i-S2i adj
va,cc IN pr,c,s The market FOR future deliveries
opened firm at 3-6al. advance and finally closed Win
. no, gain of 4s4d over Saturdays final prices.
A .Ga,v,s,on News" crop report. received yester-
day. said. In part:
The increased acreage and the favorable weather
conditions have Some"Sb to Re a"
and the very unfavorab.e weather thdt mar pr
vailed during the critical period OF me cotton pau
Ito have brought aboI shortage In the cotton crvp
which eyrn conservative people now place al July
ne-fcurh less than last year. In many localities
Of weeds and grass that whole fields and parts OF
others have been abandoned. This has been done Ia
surh an extent that the total result Is marked de,
crease IN acreage which. added TO that reported
last month, causes IA general revision OF acreage
Too much rain and too long -continued rains have
brought about what now appears to ,r be niue
Itself was III prepared to combat adverse conditions
The late spring retarded planting. the drouth pre-
favorable a, first. but too long-cont lnued The
! farmers could do no work. Weeds and grass TOOK
possession.
The teegrams from the South yesterday were all
OF one tenor. A dispatch from Rome. Ga. said that
/ the growth OF the cotton plant had been too rank
and rapid because OF the excessive rainfall From
caused rust in the cotton other points in Alabama
such as Brcr1eld and Fayette. reported a grassy
Weld crosby Tex. and Winnsboro. in the same
State reported material damage. The Crosby dis
pa tch added that large amount OF cotton had beer
lost and that the grass and weeds were larger thar
I the cotton plants