New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-26
THE RISE IN COTTON.
ANOTHER SHARP ADVANCE IN THE
STAPLE.

TWELVE POINTS HIGHER ~ THE LOCAL MARKET
HEAVY SPOT SALES CONTINUE IN LIVERPOOL
Cotton moved up y points higher yesterday, the
March option closing at 50 bid At one time in the
day II sold up to S.65 and down low az 80. Inc
revival OF the bush interest among outsiders was
very marked. Wall Street and Chicago SPECTATORS
attracted by the continued heavy spot sales al LV-
erpool and the diminishing volume OF receipts IN the
South. were heavy buyers. The Germans sofa
little. New-Orleans. which market was closed by
reason OF It's being a holiday there, sent buying
orders. There sharp reactions on realizing
sales by local scalpers who however, In most cases
sent the prices back they tried TO get In again
The tota. sales 81 900 bales. the heaviest for
some time. Spot cotton in Liverpool was 3-32d up
with sales of 700 bales Futures in that market
showed rise OF 5-G4d.. Of which 2-6id. was lost
before the close Port receipts yesterday were 5O2ss
bales, against 20 1856 last year and 1904 in 1893 While
this was little heavier than had been anticipated
the receipts interior towns more than counter
balanced the gain. Memphis got only 5.i6i bales
against 9,iJ9 last year; St. Louis got 49, against
1887 last year: Cincinnati LAS. against Ar last
year. Houston got 7f9i. against ll4l3 asst year. ana
expects 1900 to-day against l9,ili last year New
Orleans expects 1000 TO 1900 to-day, against $500
last year Comparisons being made with the
crop OF 1928. which reached 10000 bales AT the
close Of December, 1892 there had come into sight
$4,000 bales. Up 70 Friday last. but &25o@o had
into sight this year hence it will be necessary
10 bring l500o bales into sight during the next
thirty days In order equal the 1879; crop up to
December 81 This IS considered improbable.
The European mails brought Neilis circular modi-
flying his crop estimate from GSOgo bies to $500
coo and giving his therefor.
Consols were higher Indicating peace IN Europe.
Southern spot markets recorded some sharp adj
vances and spot sales fairly good Memphis
sold 800 bales at 3-6 advance; Nev-Orieans sod
$50 bales; Say innah Galveston. Mobile and New
York were lie higher and Norfolk 5-lG up. VITA
moderate sales. Exports for the day were 4"0
bales.
Frosis were predicted for Texas and Louisiana
ana snow for Arkansas bg storm VAS reported
raging IN these States late
The Southern mails aud telegraph brought these
crop advices the first item below being from cor
respondent OF THE Galveston News:
Denison Tex. Nov. is.-Conhrm!ng the report Of
Denison cotton buyers whIrh arpeared in the
News few days ago, and refuting the late ri'icu-
oIs bureau report, | submit the following alt!-
tionai glnners ami farmers reports from Grays9n
County ana mi an Territory: Mr + W. Neon
nell Basin Springs, Tex put NJ at his gin last year
bales and thinks he viii get Is bales more tbs sea
son. less than one-third Of last years crop. He
will average about one-e.ehfh Of a bale per acre.
about So pounds Of lint per acre. against the bu-
Thomps5n'. and Henderson,; gins. at Br9wnylc:
up about loo baes. and Will nor ger over % bales
more or not quite one-hfih of last years crop.
The Georgetown gin. ives; Of Denlson. pm up last
year a3j bales against 2G) this year.
The two gins At Denson have not put up one
third Of last Gears business to date, and there is
bat little cotton coming IN now.
W. r. Davis writes from Martin SPRINGS: Cotton
crop will not average more than % i3 pounds u
lint per acre ani 20 per cent of the crop gathered
AMI sold
Thirteen planters al Colbert, l. T., report that
they planted 2.5 acres, and the total yield i 500
pounds Of lint, just - pounds Per acre.
Eight farmers report yield OF LILO pounds
Of lint from 333 acres about 81 pounds per acre.
Fall River. Mass Nov 2j.-Ths uncertainty in
the cotton market is having the effect of strength
ening tho demands Of manufacturers for higher
prices Spot cotton is quoted higher 9-6 cents.
and to-day the tendency is higher. The supply Of
cheap cotton bought year ago is rapidly disap-
pea ring ami excep; in few mills II viii be all
gone when the rev year opens To renew ther
stocks most OF the mills VIII have 10 buy basis
OF So cents about three cents niShor than they pad
year
Taunton Mass Nov. 25.--Pans have been Pc
fectod for the erection OF a 5000 spindle Cancy
goods cotton mil ar East Taunton the capital
stock Of the company 10 b. 10000.