New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-07
COTTON BEARS TURN BULLS.
A CHANGE OF SENTIMENT ON THE E"-
CHANGE.
REPORTS CONTINUE so BAD FROM THE souIh
THAT THE SHORTS FEAR An IMPhND
ING Observation-Disclosures
REDUCED.


Probably many cotton brokers who had p'a"',e'
TO witness the yacht races to-day VIII remain '
hind to look after their interests In the mar nv
The sentiment OF the Cotton Exchange chanseu
Yesterday with amazing sud1enness from "
treme bearishness to ultra bullishness' cps
5 TO c points down on a weaker Liverpool IL al
vanced Is points and closed points hg"e' "'''
Thursday The cause Of this sudden chahbe was
the persis,ently bad crop news from the 'o","'
This news grows worse daily and the ar Oh 'ne
Exchange yesterday. under the effect OF a noou Vi
such advices. charged with vague I'a' .'''
the crop Is on the verge OF calamity r'e'''
Lane. of the Cotton Growers Assoclauon 1t was
said. yesterday reduced his estimate OF the crop
from 10000 to 100000 bales. a telegram from
New-Orleans said the crop OF LOUISIANA was
disaster" former member OF the EXCHANGE
Telegram Pied 10 a former president Of the EXCHANGE
from Bryan Tex that neither rain nor any o'ne'
favorable cause could make the crop OF tha'
section more than two-thlrds of last year y new
Orleans man offered TO wager 1900 that the leNas
crop would be 100000. against 3NoV" Da'es
last season. No rain fell in the aria region o'
Texas Yesterday nor is any indicated there In the
near future. THE Little Rock Gazette estimate
the crop OF Arkansas to be 80 per cent snort
Port receipts yesterday were 3503 bales. against
7.l6O last year. less than half The total port re-
ceipts for the week have been 1871. against Ss'iS
last year. The posting Of expected receip's III
year checked the rally but II is seen that the re-
ceipts at NewOrleans this season at the expense
Of Galveston, owing to freight rates discriminating
against the Texas city. For instance, yesterday
Galveston received only AZ bales against 2%'2 last
year Interior receipts this week have been H"O
bales. against 5000 last year.
1t is predicted that the Bureau report on Tues
day next will show a condition OF "a against us
last month.
one feature OF the situation IL the extraordinary
bushness OF New-Oreans. This market closed
points higher the curb last night, January sell
ing at sl4 while New-Orleans was points higher
on the curb. bringing that market up to wlthih .
points OF this one. while the normal difference Il
over 30 points As New-Orleans has led the bull
movement, this summer II Is feared that its sources
of information may still be superior to those OF the
market Ten-cent cotton was the common tax OF
the cotton bulls last night.
II was hotter in Texas yesterday. according to
kilograms received here. than for twenty-one years
and the cotton crop was suffering from the neat.
These crop dispatches were received. among others
Bryan Tex, Sept. NO rain or any other IA q;
vorable cause make this section less than %
New-Orleans Sept. 6.-Telegrams from Mississippi
make Kinds and adjoining COUNTIES cut OF iuiiy
the crop Is 20 per cent Jess than a last yssr DAYS has
been continuous and intense. Texas crop Is simply
Huntsville Tex Sept s-worms ravaglng IN
checked. No poison to be had The crop Of this
State will be 10000
Atwood Violet e. Co. say:
II Is surprising how many here have entirely
lgnored the conditions OF the cotton crop. they
now exist. and have existed for some time ms
market is also several points better. due 10 the
exuactation OF unfavorable "Chronice'' reports.
which promise TO be. In their issue in the morning.
seriously bad and because. too, Of the growing
feeling that the Bureau. on the 10th inst. VIII be
a very bush one. telegram from New-Orieais
to-day IL TO this effect: The Louisiana crop VIII
be disaster" Adyces from other States are very
discouraging and the possibilities IN the way OF a
small crop are most pronounced. We advise buy
ing cotton continuously az the worlds requirements
for the coming season will be far beyond any pos
sble supply obtanabe out OF the current crop.
We have given statistical reasons justifying our
opinion as better prices