New-York tribune., 1895-06-16

COTTON DEALERS RECEIVE BAD CROP
ACCOUNTS.
AMERICAN MARKETS STRENGTHENED BY THE
REPORTS FROM THE sorTIrwEsr-THE
WORLDS CONSUMPTION OF


The disposition OF foreign bulls TO take profits
caused weaker cotton market abroad yesterday.
Liverpool opened 2-s4d down. and spot sales were
only 700 bales There would probably have been a
much lower range of quotations here also in con-
sequence had II not been for the serious nature OF
the crop reports reaching here from Texas. These
checked any hasty disposition to sell. and after
drop OF points under Friday the list closed only
! to points lower. August closed at 702 and No
vember at 10 II purely weather market.
with the weather map showing an extended rain
area over Eastern and Northern Texas. Louisiana
and Arkansas. and extending into adjoining States.
After the Exchange closed the following telegram
from New Orleans was received:
Brenham wires: Last night plenty OF rain fall
Ing. Ice cold. Heavy rainstorm tonight. Norther
blowing Ruination Of crops. Unprecedented this
time year"
The following dispatches regarding the crop sltul-
ton also received:
New-yorks daily reports Of excellent crop pros
poets would he amusing If they didn't grossly mis-
aCl Chr0nces ni c,days report rrsardns Texas
Texas not included by "Chroncles' ridiculous sum
mary. Palesto. nearly inch; Dallas. above "a Ty-
Ter. ,; Waco ]. and other places over hall; more
rain expected to- To-Day ip Texas
farmers abandoning grassy cotton fields. as grass
got such start tn. fields cannot be cleaned with
Washington correspondent Times Democrat
writes condition of crop from Monroe south in
Louisiana is backward ana considerably below the
average
Richmond. Tex. special to Houston POST: an
different portions OF the county crops in ter
rble condition, in many. places cotton being
GEORGETOWN. Tex special says: Farmers amt
work fields for fully week; grass and weeds al
| ready filed at least one-tenth of cotton crop
The cashier Of prominent North Louisiana
bank. who is said to be conservative. estimated
Latham 10 per cent acreage decrease. but Is now
convinced IL Is over 10 per cent Crop In gorTy con
dition. average not over four to six inches high
Pom; Coupee Parish: Cotton suffering consli-
erably from the effects OF wet weather: smaller
plant runs risk Of being smothered bv as-gro%ing
grass, while more advanced plant takes rank and
year)'
Ramrina, South Texas: This community formrrl
Wire system received following: Dallas. cool.
rainei hard carly; Fort Worth. ra!ncl al night,
s,nl raining. Some tail lying going on about good
crops.
Atwood Violet & Co. in their weekly review
based on the "Chroniclc's' compilation OF the cot
ton movement. write as follows
The worlds visible supply OF American lost 5000
this week. and the amount that into sight
lions Of 10000 and 1000 respectively Tho total
amount of ,hl. crop in sight is 9itT la2 against
'.2ie35S last year. an excess Of 23i'y. of inis
thcTe Is LEFT in warehouses a, United states ports
the South. Jr.c' AGAINST $500" In other words oi
the excess Of 2$No". all has been exported and
taken by domestic spinncrs except 4'~n bales. The
takings OF Northern spnners from September 90
June "a inclusive have boon rl'yS. against isD'
excess OF l5iS.lS5 The visible supply OF Amcr-
can cotton In Europe ana aaoai lor There is 2j6. .
tSi cp deducted from liiN6u our excess IN exports
shows that European spinncrs have taken loci .""
a year ago OF American cotton reires'niing I'D me
forty one weeks since september !, an Increase Ia
sumption. as We showed few days ago. .croriing
20 EllisOns figures. IL 100 bales week more than
last year on LIST inst; European sp'nn.rs heli l's -
o., bales more than last year, and English spin
ncrs 1900 more.