New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-08
COTTON QUOTATIONS GO HIGHER.
GREAT ACTIVITY on TIE NETWORK EXCHANGE
-SPINNERS GOOD BUYERS.

GREAT ACTIVITY on THE NETWORK EXCHANGE
-SpINNERS GOOD BUYERS
Tho buovancv in the cotton markets of the world
continued yesterday. At the close prices on me
New-York Cotton Exchange were to 10 points
higher than Wednesdays close. The last prices
were the best of the day. Since the rise began
cotton has improved 26 points from the lowest.
noin, represents s. on the value Of 100 bales Of cot
Ton Thus from the depths cotton has Improved $50
for every 100 bales As on the day before Liver
r,ool led the movement. promptly responding 10 'he
rise here on Wednesday. Outside orders came III
freely and investment and speculation buying maze
the market a distinctly broader one than has been
soon in months Total sales of futures were 1850
bales the largest in long time. In fact there
seemed TO be a genuine wave OF bull enthusiasm
ON. marked feature Of the day was the activity
in SPOT cotton at higher quotations. Manchester
spinncrs took 1900 bales in Liverpool and up TO
30 o'clock 5000 bales had been sold in New-oreans
Al 1-l6 cent advance. All the Southern spot
markets were strong Big exports were reported
from Galveston. Here primers h"stlrred theW-
selves and in the face of an advance OF 81" cent
in SPOT quotations. took j6l bales. a considerable
amount for this market as conditions are al pres
ent The purchases in Liverpool led to talk that the
stocks afoat in that harbor tomorrow VIII snow
a decided decrease for the week All this activity
of the spinners goes prove what The Tribune has
been pointing out. that the inherent strength OF
cotton is In the healthy business conditions ABROAD
and the hopeful outlook here. now that congress
has adjourned. There may be a reaction from this
sharp upward movement, but the prices OF last
week are not likely to be seen again
There were renewed signs of decrease IN the
movement Port receipts yesterday were l6,Wo bales
against 100 last year and 1900 the corresponding
date in 1892. Atwood Violet co. comment as
follows on the cotton situation:
Were there as much familiarity with cotton. as
SPECULATIVE commodity, operators display with re-
gard 10 the stock and grain market throughout the
East and West the former would very largely attract
attention and become "A market OF great actlViy'
II must be remembered that cotton crops nave
averaged about 10000 bales for the last eight
years including the present one ana an average OF
500 900 for the years previous. ne larges'
crop ever grown is now being marketed. but with
prices unprecedented except once before IN the
history of the trade and with crop for the com
ing season that promises to be al least 2TDVU bales
smaller than the yield OF the present season. there
has been for the last three months or more con
tinual selling. not only of the present but OF a
crop that Is yet in the ground ana Whlcn might
be decidedly smaller. owing to uniaVoraDe CON
dtons during the growing season. IMAM even "A re-,
duced acreage would indicate" Ii was al very wen
In former years, at this time, TO speculatNeiE sen
new crop months prices 10 cents mBheI
than those ruling, but IL Is risky TO be selIinB
contracts at figures which mean certain loss 10
the man who attempts to cultivate at present quo
tations.