New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-10
COTTON GOES STILL HIGHER
AWAITING THE BUREAUS MONTHLY
CROP REPORT.
ING CAUSES VALUES TO RISE SHARPLY IN

ING CAUSES VALUES TO RISE SHARPLY ~
LIVERPOOL AND NETWORK.
An Unexpectedly strong opening OF the cotton
market in Liverpool yesterday morning made prices
open with a jump the New-York Cotton Ex-
change. First quotations were TO 10 over Satur-
DAYS close and the market was strong all day,
closing al net gain OF II to IA points January
closed AT $50 after selling at s33 the highest point
reached since this remarkable rise in cotton started
March last The Bureau report 10 be Issued
to-day is expected to be bad that Liverpool. IT
is said by the bulls will be appalled, Predictions
OF a condition low 60. II Is said were cabed
from New-Orleans yesterday and caused the great
strength abroad. equal to nearly Is American points
The bears. while admitting that Bureau report
of extraordinarily low condition IL expected.
yet say that the worst has been discounted by the
price. They comparing the port receipts with
the year 1893. when 100000 bales were picked. and
claiming that the receipts this week will be heavier
than that year. Their antagonists prefer TO COM
pare this year with last year. when the bumper"
crop OF $4,000 bales were grown II must be said
that this latter comparison makes the bear side
show up In a sickly light. Port receipts yesterday
were s.lO9 against l7ols last year. Port receipts
80 far for the week have been 1851 against g. 4l2
last year
In the face OF the overhanging Bureau report,
business restricted yesterday. each side pre-
forring await the news from Washington
Price Mccormick & Co. say:
The sentiment on the floor continues very bush
market short. The general opinion favors Bureau
report tomorrow indicating condition Of about
Il per cent as against condition OF $50 per cent
September 10 OF last year and I1.S In August last
While many leading bull operators predict still
higher prices for cotton. the market has evidently
discounted a very unfavOrable Bureau report to-
morrow. and unless the expectations OF the trade
with regard 10 the condition OF the crop are fully
realized. sharp reaction will doubtless ensue.
The food OF unfavorsble news about the growing
crop shows sign OF slackenng. Some rain fell
in Texas yesterday. but the drouth there remains
practically unbroken. Middling spot cotton sold
up Is cent here yesterday. 374 bales being bought
at SSs cents. From New Orleans came these offers
TO wager on the size OF the crop $1,000 to 5000
that the crop is under $4,000; 500 to 5000 that 1t
is under $4,000 NooO that IT is under 100
ooo bales. $500 10 $1,000 that Texas itself will not
produce l75oOc0 bales Among the food Of
crop the following
New-Oreans, Sept. s-Planters OIL Works at
Monroe La, telegraphed SATURDAY as follows:
Our agents in the parishes of Madison, Rich
land. Franklin Moorehouse Ouachita Caldwell
Lincoln Union. Claiborne. Bienville. Jackson and
Webster report crop very short ranging 81 to 90
per cent. Worms will have eaten all the
near one-quarter of the Louisiana crop"
Memphis. Sept s-Worms PLAYING havoc in the
Yazoo Delta. including Sharkey. Issaquena Bolivar
Washington and Coahoma counties. Miss, and the
parishes Of Concordia, Tensas, Madison. East and
West Carroll, La.