New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-31
COTTON BEARS MAKE A RAID
PRICES JUMP UP AND DOWN RAPIDLY.
EXTREME FLUCTUATIONS AND BIG TRADING
BAD CROP ACCOUNTS RALLY THE


The cotton market yesterday a tumultuous
and excited and transactions aggregated the
enormous total Of $4,000 bales The speculative
pendulum swung violently and the most seasoned
operator found a.! the life he wanted in the market
The bears took advantage of some rains In South
west Texas to attack the market and for a time
1t looked bad for holders. But things turned up
ward toward the close. January, after selling up
to S27 fell sos. rallied to sl9 and closed at sli.
or eight points under last night Bull news was as
abundant The Galveston News, II was
said. would publish a report to-day estimating
decrease of 81 to 40 per cent in the Texas crop.
Heavier receipts of new cotton at New-Orleans all
came from Houston Tex, 1t was said. the accu-
mutation Of several days. Total port receipts were
for all that only 1904, against 6SS last year. The
leader of the Southern bulls. Peter Labcuisse, OF
New-Orleans. when the bears seemed most agrees
sive offered to bet up $4,000 that the crop would
be under 10000 the lowest Southern estimate yet
With a frost In October the bulls said the first
figure OF the crop would be the figure o. Liver
pool sold 1900 bales OF spot cotton to Manchester
spinrers at advance. Both futures and spots
were higher in Liverpool. New-Oreans Duh
offered to bet 81 coo to 200 that the crop Is under
100000, and 5000 even that Texas Will not make
100000 bales The following crop news was re-
celved the Exchange yesterday;
Girarl La. Aug. 30.-Ths point shipped last year
300 bales: conservative estimates 10 NOT OK
coed 1850 this year. ~ ,..,, ~
NaNasOta, rex. aug. ov- L,.
young cotton. No rain. Cotton Will be damaged by
rain. worms eat 1t up. 49,,
Galveston Aug. So.-President Lundy OF the
Texas Cooperative Association just returned from
the Western counties reports much territory not
bale to twenty acres.
Now-Oreans. Aug. 3o-near raid made on account
of some showers In Texas. which amount to moth
ing.
Atlanta. Aug. 3O.-Specia. TO Constitution from
Rome Ga. SAYS caterplllars have appeared in great
numbers on farms near Cave Spri's Inc crop -
3, per cent short q average IN tnls county
on account OF bad season The infested helds VIII
bc OF % to 40 per cent by worm raVaSes Pant
Is rank
Vickssurg Aug. 3O.-Warden Jenkins. Of the
state Penientlary, just returned from Washington
and Bolivar counties. reports De mage by boh worms
H. much than reported; Is confident they
have destroyed onc-third OF the visible supply.
Worms at work in Sharkey, Isaqueena. Homes.
Lenore, Sunhower and Talahatche counties, and
outlook decidedly gloomy. These are the largest
Mississippi counties. and last year shipped 10000
ba.cs.
Raymond. Miss Aug $o.-Army worms second
brood, have appeared a number Of farms. In
Madison parish worms are everywhere through the
parish.
Eew-Oreans. Aug 3O-A Dallas special to THE
Times Democrat from Tarrant County. Texas
says that section OF North Texas will be 40 per
cent short OF last year
Atwood Violet & Co. write as follows
II looks to US as though the condition OF the
cotton crop IS one that warrants, most decidedly
reduced estimates during the next thirty to sixty
days by movement that Will confirm all that has
been said. not only to the crops lateness, but
the smal,ness OF the yied. Liverpool lost this
week. OF American. A. 900 bales The worlds visible
supply tomorrow. to be reported by THE
Chronicle" Is Likely to show loss Of 100000