New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-08
COTTON MARKETS ADTANCING.

rrvl-r,fpoI. TAKES THE CUE FROM NEW-foRh
OPINIONS or Az AUTHORITY
,rhorc was unusual activity in the cotton market
yos,orlav and a bulge I'm prices that caused con-
siderable excitement on the part OF the sna'er
hears There were small receipts. terrlhc coh
wave was sweeping over the South ana southwest
AMI bad roads reported. Liverpool responded Win
rather remarkable allcrity 70 the rise here NeineS
d,v afternoon by improving or more points ana
gs lu suois with sales OF 1000 bales 10 spinnefs.
The Improvement here WAS maintained 20 the close
% the market. being or points msher man
Wednesdays nnal figures and Il points above the
Lowest price OF Wednesday. May closed a' "'0''
There we're reports thai Ncw-Orleans longs were
Matchmaking Liverpool. but Liverpool and New
orleans were both pretty active buyers on this mar
ket Ncw-Orleans advlces indicate that i1o.VN bales
wifi come in sight this week. 1000 bales less than
In 1882. the big crop year
The impression Is growing that the necessities OF
the South VIII force sharp reduction In acreage
next wear greater than Liverpool spinners are dis
,.,sel to admit All the adyces from the South
tend to show this Atwood Violet. the we.-known
cotton trader who has Just returned from a VISIT
70 New-Oreana. said yesterday that he consldeIed
4 reduction Of 10 to l-i2 per cent In the acreage a'
almost certain !, might be more. Much would
dcu,nI on the price between and the end OF
the planting season II the price remained low
there would be no doubt about the decrease. \ re-
durtlon of Is per cent meant $4,000 acres less in
cotton Speaking Of the cotton situation AT present.
MIR. Violet added:
There came into sight in February OF the big
crop season 1902. 1900 bales but with the move
ment this month 10000 less probably II would sti
give Us about $4,000 bales by March l. In the re-
naming six months Of the cotton year, therefore,
NJ should have average about ll3,Wp bales per
month only to show crop marketed or ?fV,to by
September l. with all OF this. however, prices have
be,n forced TO IcVei that should command the
attention OF Investors, either IN the ba.c9 them
selves or In contracts. and. considering the I'M
pDrtant part that raw cotton MS In the worlds
commerce. Ii should mean. with any revival OF gen
crai confidence. that cotton would be- more re-
sponsivc than any other speculative commodity.
1T may be shall fall behind the February
movement Of that 0s'2) 2oOoO to 10000 bales
but ~ on February were about 12)0O ahead
before the $4,000 estimate be reduced. There
came into sight during the lasl six months after
February 1892 follows: March. 4Si,3I5; April III
SO. May. 1888: June, 1881, July and August.
tcOmbned). G5.1Nl
I'VE have quite come 10 the conclusion that cot
tom has seem perhaps its lowest prices this season
because, even should not he reduced a.
much as now expected. there IL not likely to be an
area put In cultivation. to make any one tmid on
a basis OF $50 for May In this market. and 325 at
New Orleans. General trades conditions have seen
their worst the principle that they can hardly
b. more depressed, without an actual panic, than
they have been. and then. again. irrespective Of
picking conditions all ahead OF us, and unless
they are most favorable they VIII act as bal In
Uucncr from tn" time the seed II put into the
ground. which vii! be during the next forty-tve TO
sixty days except In Texas. where seeding begins
much earlier.