New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-18
THURSDAY,
APRIL IS, 1895.
COTTON GOES STILL HIGHER
QUOTATIONS NEARLY REACH THE SEVEN
CENT MARK.

LIVERPOOL. SWINGS IN LINE WITH BIG 'AiN"
r, ,,,,,>,s,, sPt,S,sERs-soUTHERN MARKETS
STRONG on THE DRoUTII IN TENAs-
The onward movement in cotton showed 10 sis'~
of waning Yesterday either in Liverpool or IN Amer
Too O,o,a,iors for futures advanced IL points In
,b,s c,tv and closed steady with ~ 10 ID pohS
maintained II was a wild market on the .>e"-
York Cotton Exchange. with huc'udt'o"S 'aP' 80
the trading on enormous scale August o''o-
ranged between GIL and 6S' closing al o'o'' VI
,,b,n Is points OF 7-cent cotton May Gotten got 10
$50 and closed at that figure. when Is rise Vi '
noir,s since February %. Spot cotton mere Was
advanced l-l6 cent. All the Southern markets, ior
both spots and futures, were stronger '"ii -.
New-York or Liverpool, New-Orleans AT one .,'''
showing an advance of IS points for the ua! ""e"
this market receded to below Tuesdays cIose On
heavy realizing sales here. there came such d Ho'u
~ buving orders from New-Orleans that values rose
again and reached the highest level recor'et ol'
this bulge. Total sales for the DAY OH 'i0 -''"
York Exchange 2s9,GO bales.
Iiverpools response yesterday 10 the sharp iiSo
IN America during the holidays was an advance OF
the full 7- desired for futures, and spot sales 10
,toroboster SINNERS OF 5000 bales at 3l2i. tor
American middling The British spinner Is e'i-
IDENTIFY thoroughly alarmed over the prospect Vi
being caught out. not in simple shower Out III "
torrential rain There was an advance III s"'er'
which Is regarded as a bull motive The boom IN
oil wheat and stocks showed no signs OF waning.
Nev- bedford mills. following the example OF ran
river IL was reported. had restored the wages OK
,ber operatives All these were helpful Dut ue
chief bull factor the continuation OF the drouth
in Texas Extremely dry weather preVehteu ule
snrout,ng OF the seed in the Southwest ana coio
winds and predicted frosts were reported lot thae
locality while rain was delaying pldh''He III -'''A
Carolina and the Atlantic States
Iobn II Jnman was out with fresh prediction
that unless the drouth in Texas was soon relieved
cotton would go to cents pound. Inc Du''hs
I'm Orleans based on the dry weather Seais'
Atwood Violet & Co. say;
Investigation shows that on the l2,n nst; H W.
was unsold at United States ports, OUTSIDE Oh New-
York and New Orleans. about ls1Vp Dales ttlclua.
ing Boston Philadelphia, Wilmingt on. 400 az
haIas unsold at thiry-one Of the principal interior
cotton markets in the South or al me ou,Slue, ~.
O.o b1les visible stocks exclusive OF the TWO portS
mentioned From this the English and Continental
and the American spinners, North anu ooutns az
e1fion of what is at invisible points in the South.
u,hirh we do not believe be 10000 bales, a very
consderabe part OF Wh me Srie To sum up we
5omb, II outside OF the Nen-Orleans and New York
stock tn 1 intsibe points. 1000 bales one OF
NE largest spot holders at New-Orleans wires us
to-day that exclusive OF %naf rIn M bere are not
aXceeiing 6DOoo bales unsOld in that market. As
against largely for banking purposes Jlst as pIT..S
much all the stock here Is II removes az sucn
holdings very largely available stocks Tor the
sr 81 short contract interest exists this
larger stock than either u them uSHily ca',y az
this season. thus removing that much cotton ptdc-
va, i,,rnoo sales today were 2joo) bales. but IL
is difficult 10 see how they will be- abe 70 get diohS
without continuing 10 buy very largo? Gu 81 epsI
supply in this country. The cotton Is h9t 70 De
had We have simply parted win 100 inuJ o. ~
crop considering consumptiye and speculative he04s
IN America.