New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-08
COTTON MARKETS STRONGER.
QUOTATIONS HIGHER on THE BELIEF THAT A
POor BUREAU REPORT is ABOUT TO
RE Issued

The cotton market was decidedly stronger yes
terday Prices at night were TO Z points higher
than Wednesdays finals, January selling al 'o'
at the close Liverpool opened higher. but re-
acted and closed at net loss equal t. Ameri-
can no,nts Spot sales there small. 5000 bales
The financial situation in Europe WAS better. bui
the political condition was still strained and Liver
moi WAS supposed to reflect this phase of the
situation. After opening AZ 20 10 points advance
and further improving TO points. the local market
"a sed off with Liverpool until January sold down
10 last nights closing figure. SCI. Inc trading
was small and the market dull until the last hali
bour when prices assembled points with great
audiences This. II said. was due 10 wal
street buvng on the belief that the Bureau re-
mort TO be issued Saturday or Monday VIII
show the smallest lint yield per acre on record
The receipts continue an astonishngiy small
scale Port receipts yesterday were 2OoVD Dales
agains. 5000 last year and 5000 In 1893 Houston
the Iarges; interior receiving point got 4eSj bales
against 1899 last year. Southern spot markets
ala a better business New-Orleans sold $3.50 bales
at 1-1sc decline Mobile and Norfolk were sc
lower Exports 25.0O bales for the day
A story spread by the bears. which caused con-
siderable weakness in the local market on Wednes-
dav afternoon that a Southern operator was sell
inz october heavily. and was indicative of what
might be expected next year. was denied yes'er-
day The bears say they expect crop OF llWiWo
bales next year. big New-Orleans bull sere an
offer 10 wager $4,000 even that next years crop
would not be 100000 bales
Said ,eading cotton broker yesterday:
Crea, STRESS Is laid by financial writers upon the
reduced exports OF cotton as measured ~ bales,
I'm, little or nothing IL said about the enhanced
me aggregate less a value than that exported
a wear ago. Furthermore, these writers seem
10 feel that the balls cotton are open 10 great
desl of censure because they place value on
their property that doesn't SUIT Europe. ana thar
Tor having an opinion TO the value OF their
property that Europe doesn't relish, ihcy therefore
a acting IN a manner calculated 10 menace the
go i reserve and bring disaster upon the country
bur they never have word OF complaint 10 make
about importers buying so many goods as TO re-
ouire n great deal Of exchange. Why don't they
MITCH In TO the importers? Hasn't a man that owns
cotton juet as much right TO hold H. If the price
offered Il Is not satisfactory TO him. as an I'M
porier has TO buy foreign goods without asking
The bankers how it IS going to affect the goo
reserve or the exchange market? The 1act Is, cot
ton Is the only crop thai the world can this year
he made 10 pay fair pr.ce for. and we may better
insist upon this fair price. even II some goid does
have TO go out. rather than dispose Of a short
crop at price that Europe would INK" to acquire
II al Europe has not apprecia ted the damage That
the crop has suffered not approaching II they
have not bel eyed: not having believed. they have
sore This is the whole story In o nutshell Al:
America has 20 do is TO Insist that she be paid
yIat her six-and-a half million crop liz worth. ana
she VIII get H.
This dispatch among those that came from
the South yesterday:
New-orleans. Nov IA Dallas Tex. special to
Times Democrat says cotton market marx stag *
every day. There Ii not bale TO every nve miles
Of matches to pick Nearly al left plantations and
gins Northern Texas has very little left TO SEND
TO market"