New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-18

4 SHARP ADVANCE N QUOTATIONS,
1ih hAhhhf GAINED N 80 " roihfH frsfth
bAf=ALb TIM hrWs rnoM rms hhW

iva "'H"Nff fAiNiH IN w " '''NiH ''rif'-
bAf=ALb TIM hrws rnom rms Hhw
chor DECIDEDLY nrLiisii
cotton surprised even lis friends Yesterday by
me bulge N made. Opening ~ ! 10 points over
thursdays close, II doomed steadily all day nnd
closed at the top. IL IN II points above the mai
hHufes Of the day before. The Great American
staple seemed finally 10 have struck liz gait nni
fallen IN line with wheat ana about everything
else mat II dealt IN on the WORLDS numerous en-
changes August closed ~ 900, or within points
or the highest on the advance 81 last month
Liverpool improved neary 3-oid. ana spots were
mp i-id there, spot cotton was marked NJ i-ioe
here also
Everything IN tho shape Of news from the crop
was bullish. II was stated that Latham. A'"N'
ahdcr co. would issue thclt annual acreage
statement showing reduction OF 20 per cent
Texas bankers In convention IN Galveston con
nrmed the belief that the acreage In that vast
cotton territory would be II per cent less than last
year. The Louisiana Commissioner Of Agriculture
reported that tho reduction In cotton acreage In tho
northern parishes of that State would he fully 20
per cent Cold rains reported In Mississippi. and
the condition OF the crop In North and South car
olina Is said to be decidedly unfavorablc. tee
gram from New orleans from prominent cotton
read follows:
Before many days the European and the New
England spinners will go for the cheapest cotton
in America that Is the New-York stock II June
should be a rainy month 4c will look cheap before
Christmas.
The bears on the Cotton Exchange yesterday
were calling aloud on the floor for John to come
and help them John Is John II. 1nman. who
after a brief but brilliant bull campaign OF three
months turned bear recently. 1t Is the general I'M
preston that he turned bear too soon MIR. In
mans representative did sell cotton on the floor
freely yesterday. but his offerings were absorbed
as a sponge absorbs water.
Bullish kilograms and buying orders came IN I'M
diminished volume from New-Drleans. the centre ~
present OF the bull activity. August Is selling
there within II points OF this market, although tho
normal difference IL from 30 to 80. Atwood Violet
a Co say.
The situation In this country Is thet There W very
little cotton outside uf New YORK anu N"M 'i"hi,',
aud with large short interest IN each, the STOCKS
al both places mlahi az wei not rNiHt OF ~" me-
n,rnt Ro fat they are available Tor the ihN'7'"f
nr the spinner The receipts iut NE COTTON WON
ending to-day are about iil"l ~ ihlfN."h" 81 'h'
leading interior points IN the tonh ahahnt lNnn''
last year aud the amount That VII come lhl" Fhh'
this week viii he leHh Than ms week laHl i'nll
when il was sp0n The movement WIZ h' "NN''
the same weeks of mst Neai 10y me h.Ah nv.
months II now becomes apparent io me rihh''H
I'm this country and abroad that thlH crop y pl"'-
tcaily I'm sight, and Liverpool heglnH To SHOW an
apprcciaton OF this by raising the va.ue OF ~ lohl
siocks and we anticipate an active d'inahi ny the
simmer during the summer months