New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-06
BOOM IN THE MILL CENTRES.
HEAVY SALES AT ADVANCING PRICES IN
FALL RIVER.
MANUFACTURING ACTIVITY GREATLY sT1MU-
LATED BY THE RISE IN COTToN-THE
TRADE WAITING FOR THE
BUREAU REPORT

The cotton market has lapsed into a waiting
stage the traders both sides being DESTROYS OF
learning what the Bureau report Of the 10th inst.
will show before taking aggressive action. Liver
pool broke equivalent to 10 American points yes
terlay for contracts. and spinners bought only
5000 bales spots at decline OF 1-6id. our market
opened down to points this news. but it
rallied receipt Of the following telegram from
New-Orleans
Commissioner Of Agriculture Rose, o, Texas Off
cal,y announces from Austin that since MS last
CIRCULAR a radical change has occurred In the crop.
showing greatly diminished production. due -
worms and that it is his duty 10 state that he
seriously doubts II Texas Will make l5neO and
that the total crop is not likely 20 exceed 6eoVD
This was considered pretty good Offset to the
big movement, and quotations closed only points
under Friday. The Chronicle" reported the weather
in the South favorable to the rapid gathering and
marketing OF the crop. The big receipts seemed
sufficient TO confirm this
According to the figures OF Secretary Hester. OF
the New-Orleans Cotton Exchange the total
amount Of cotton brought into sight far tbs
season from September up TO this morning was
723 $50 bales against S97 co5 for the period last
year. 66s SsS in 1888 and s2625 in 1892 This shows
an excess OF receipts so far o. about $1,000 bales
over 1928, when the crop $4,000 bales. and
decrease Of 1000 bales from lss4-s5 when the out
turn s,sn 900 bales. 1t also shows an increase
50 FAR this OF about 5000 bales 1884,
when the yield $4,000 bales.
Two features OF the market that attract attention
are the great activity, positively amounting to
boom, in the American mill centres. and the
strength OF spot markets in the South especially
New-Orleans This telegram came from Fall River
yesterday:
Sales OF goods tremendous being 4O 600 pieces for
To &c S Voc Market 'r STOCK reduced ' pieces
letter from Fall River reads as follows
Print cloth markets active and strong; 80 bid for
spots for any delivery up to next July. We BID
that price to-day for contracts up to next October
but could not ind a seller.
In New-Orleans there is a corner in October cot
ton which helps 10 make the shorts nervous in this
market. The New-Oreans market on the curb last
ight was 10 points the official close. bring
ing January within points OF this market when
the normal difference is 20 points or more. Henry
NELL was reported to have been buyer OF cotton
at the close in New-Orieans.
Port receipts yesterday 5000 against 1900
last year Port receipts Monday Of last year
were SO s34. New-Orleans expects to receive on
Monday 1900 1000 bales. against g. 7jj last year
These kilograms came from the bull.sh South yes
terday:
New-Orleans oct Bet $3.50 that January sells
some months before september sells al J. cents.
general European war next spring which is IN
likely modern kings and smperors don't want 10
g out Of business. Bet wow 10 S4VVw tla' the
crop Is under o"""vO
An Eagi.shman It announced yesterday.
would cable TO his firm in Liverpool last night TIA.
ne would be 10000 bales. IhiS Iact coming
TO the knowledge Of the New-Oreans bull leader the
latter sent cable dispatch t. Liverpool offering TO
bet the English firm 500 that the crop would not
be $4,000 bales The Crescent city bull also wagered
a member Of the New-YOrk Cotton Exchange 500
even that the crop would not exceed $4,000 bales
Another New-Oileans broker offered 10 bet $1,000
to $500 that the crop would be under 10000 bales.
Leading cotton firms comment follows on the
outlook for whit is thought Will be a particularly
lively week in the cotton market
The strength Of spots In the South is shown
bv the October quotations at New-Orleans where
Sgs was bid this afternoon for 800 con-
tracts, CT points above January. while IN
mis- market October IT. II points below Jan
nary NeW-Orleans ~ imme dat-ly accessible 70 the
heart of the cotton belt, am because OF tnest an
normal differences between spots there and the con-
tracts for the current month II indicates that the
Inferior spot markets are relatively higher thdn That
al cw-Orleans.-( atwood Violet co.
II Commission Roses circular is an indication OF
what tn coming Bureau Will snow. the end OF the
aivancc il not yet-lpTice Mccormick a Co.
The frmness OF the American markets IN face or
5is,pnointing advices from Europe is due 10 the
Strength OF the belief that the European splnners
v,ev, Of the crop. and pay higher prices for their
reouirements II Is this belief when Is bringing
e.rn dsv buvers to market in sufhcient num-
bers "a absorb the offering from the South from eN-
rort ht.yers our bankers report q demand loT
inoney 10 hold cotton in southern markets. hhh 10
80 ranorted that some sterling loans have beer MADE
nurpoSe crop acV;ces snow ilttie or no I'M
,royen,.nt though the passing OF the iall moon
.t.bc,, frost - a factor worthy or note. Inc l'e-
ING in the market Is very DullsH, bi7tu on NJ -,
necfe1 bureau report. and hiie atttnttVh n i1iH
10 anv other factor at the moment-'huDDdIu hros'