New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-21
COTTON GOES UP WITH WHEAT
AUGUST SELLS ABOVE SEVEN GEMS
HEAVY TRADING on THE NETWORK Coi io-'
EXCHANGE-MANCHESrE BUYING

EXCHANGE-MAN'fil HES - Elk pS''''
FREELY AGAIN
Cotton kept company with wheat on Its upward
course yesterday August got above Genus
bound and made fair start for cents. A"s"''
cotton closed on the New-York Cotton Exchange
at 7G5 Just before the close II was 7o'. spot COT
ton was marked another i cent The volume vi
business OH the Exchange swelled TO ZS"'" oa'''
II was In many respects the strongest i'oS' az
and excited market witnessed in several "eeAs
There was heavy selling for proiittakng above I
cents but as in wheat, nothing coud Keep 'o""
the price There such a steady ana mysterious
ABSORPTION Of the offerings above cents that IL
was shrewdly suspected that Mr. Inman the ers'-
while hull who turned bear. had joined the general
rout of hears and was covering his long cotton DIS
rapidly as possible II was the talk OF the "oo' wa"
some of the handsome profits he made on MS DUH
campaign were being rapidly sucked up IN 'he
speculative sea. ut,
Everything as on the day before, was Du"sn
Manchester spnners bought 1900 bales IN LNerPoo'
and the market abroad was booming also private
cal es reported good business WITH the East. Inc
assessors I'm Texas reported that In SIX WESTERN
counties OF that State which produced III Tue 'e'''
year 1900 bales. the acreage had increas"u :" pei
cent but in rs counties it had dccrease' !"
Louisiana the decrease is now placed AZ 20 per cent
In the afternoon the failure OF Stevens x Co.. NO
&c Broad-st was announced. This Is a prlvate-"'re
house with branches throughout the country anu
their dealings were more In wheat INA" ''''''
Their liabilities are placed At $4,000.
New orleans remains the strong bull centre H"-
gust closed there within II points OF this MARKET
though the normal difference Is 30 to 3D.
OF the present position and outlook Tor co''o"
Atwood Violet 4 Co. write AZ follows:
The acreage upon which the current crop or ma s
marketed between September !. 1891. ana August 81
1875 inclusive. has been grown ~ ,St,n.nra Il,
ncnt estimated II At less thai l'u'Vo. ~ ,ho
roris from merchants and farmers az Over Az, ,n"
lion AZ /; Ia per cent rather leaning 10 the ou'-
side figure. Assuming IN" reduction u. 1ny 10 p,'
cont II would cav" ll.rDvo Tor the coI''inb ,a,
The question o. production per acre ~, "H aIN"sS'
ho ,nor,,ni question. even more IMAM Tie avl'aSe,
and IN raplv To "A tel, gram we have me toioWins
fr,ni IT, q; Hester. secretary OF the Ne"
..,tis,ic,u IN the trade; lie says IN" average ply
drc,ion per acre the last ten years IS lo'.'f'
Now average year requires a|r'1s. ~, 90 nr
i'm, so far they hav" been of an unfavorip.t c'1i
a",er ami very largely I'm the State Gnciuding the
I,dia,, Territorv) which for the current year pro
dIcrl nearly one-third Of the entlre cfop-,ias -.
,r.xos declarations everywhere are three 10 FOUR
weeks late: fertilizers l"ssrh'h - 20 =; p ~
fher.forp more largely suhjectng me pant 10 "
5cissti,des of the growing and picking season Al
loving however. that the production OF IN, per e,
aero uu ne an average one. X - Simple Hia''ei VI
MULTIPLICATION and division TO appioNinnase ,ne s'1
OF The next crop. as ioo"s Mu'a;P3 2onnds ~ llnt
1o,ton in A bale exclusive OF the weight OF paesihs
and Us ana II would point To crop OF aoou ~
49, ,oars ago Was 200 90 less than the previous
and IL ia a precedent for anticipating similar re-
suits for next season ,... .ho s,ro,gss,
.,,ca Auy,,s, sold mere a; 80 The business was
v,rv large and great absorption or contracts ny
strong peonl- That cents VIII be reahzen 10.
nosssble Should i, reach that hgure why not
higher