New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-10
COTTON MARKET HIGHER.
A BIG DEMAND FROM CONSUMERS MANI
TESTING ITSELF.

AMERICAN COTTON GOING ABROAD IN A STEADY
voLuME-soUrHERN SPOT MARKETS &C
TIVE AND HIGHER-rHE WORLDS
NEEDS OF THE STAPLE.
Cotton advanced 10 points further yesterday, the
March option closing s35. The German bears
covering. There were numerous signs in the
sky that II not desirable to be short OF cotton
Just now. Liverpool keeps up its big spot sales or
cotton 1000 bales being cold yesterday. The Amer
lean spot markets higher. and Liverpool and
the Continent were reported buying spots in the
South. Galveston was up H. All the other spot
markets were l-l6 higher. New-Orleans sold 200
bales Memphis $780, Galveston 7O5. Mobile 800, Nor
folk 72S Augusta 555. st. Louis 800. and Savannah
11S The New-York spot market was up 1-l6, ana
sales were $3.50 bales including Loo for export ZSo
to spinners and !. 800 delivered contract Exports
yesterday were 235Oo bales. Port receipts were
1902. against 81 700 last year and $780, In 1888 when
the crop 100000 bales II Will be seen that
these receipts are less than twothirds OF the re-
ceip;s OF 1893 Although port receipts at New-or-
leans are heavy compared with last year, 1t seems
to be due to the that II s at the expense OF the
other ports New-Orleans expects to-day 10000 TO
22Occ against 90 eos last year Interior towns eA-
cept Memphis show sharp decrease from last
year Memphis go, 1920 against 62S5 last year;
Augusta 70l against i.75s Cincinnati ST. against
3.5l7: St Louis 1928 against SSS and Houston '44|
against 1881 last year. Houston expects to-day
1900 against 23.0i9 last year.
Liverpool was up 1-s2 for spots, and closed firm
s-sld to 4-sid up for futures The strength abroad
was on reported small stocks held by British spin
ners and the continued heavy export demand
Total exports from United States ports last week
to Great Britain. France and the Continent were
2l5527 bales while the total por; receipts were Z5l'-
l57 bales
The report OF the British Board OF Trade for No
ofy
total for the season 5000 against 26452o' last
season Cloths 100000 yards total for the season.
4s23 36l.00O against i.S79ll2.oco last season.
CROP news from the South was plentiful! yesterday
The following received in the daily budget
Tuscaloosa Ala Dec. 9-Am surprised TO ma
stocks entirely in merchants hands. None in hands
OF farmers . -. iA,
Benne ;sy.lle. :. C.. Dec. 7;-Reports from egnt
plantations producing 1915 bales how 25 bales still
being held. ~ p,toss 70
sTieTed by srr views Of holders Have Just heard
that three large firms doing business In Texas VIII
ouirements there Reported stocks at interior towns
in G@3ro s AaRama ans Many a of these mills
were taught a lesson last year or crop Whcse
NSW-6rieans. Dec. e~Reports from twenty cot
ton plartatiOns in Northern LOUISIANA lndca'e t eo
ce.pts for The season OF 400 bales against ''fVV
last
Tho friends Of higher prices in cotton declare
that sufficient attention has not been paid to the
increased demands Of Southern cotton Mills roy raw
material. Many new cotton NILS nave pe'" JUN
IN various parts o. the South in recent years
number of them within SO short time that they
ave now lust beginning to Use the raw material In
,bs Southern States Many careful students OF the
situation in regard to the present crop, the exist
Ing demand and the probabilities as to future
urices OF cotton declare that the demands on ih1s
crop from the pew mills in the Southern States are
very much larger than the advocates OF low prices
FOR cotton are willing 20 admit. Ii 10 certain that
within recent years the columns OF Southern news
papers have contained great many aricIes giving
the facts about new manufacturing enterprises ioi
the production o; cotton goods IN MAJ anI Rf baVr
been completed this year, and are drawing on '"e
pW q y Borden OF this city. is generally con-
sidered by the American manufacturers to be one
OF the abest most sagaco1s ana iaf,s n,r or
manufacturers OF cotton goods IN TINS country vi
any Other 1t ia we'll known that Mr. borden mas
elton goods In Fall River, vast a fortune ina
few months he gave orders tor me oulra n
Of a magnificent steam yacht. which Is 10 ne one OF
the finest most luxurious and most sumptupou as ID
the world only few ~fe ts ago Rfvar i in connec
ton with his enterprise IN constructing an enor
nous new mill in Fall River for making cotton SaH
@nods This mill will be of the largest and nneSt
IN any part OF the world. 1t VIII be provided Win
The aes; and most effective devices OF oyd
for many years thai he possesses wonderful
fantnring with as keen judgment. as extensive
breadth OF view and az acute ana aierl loressh' u
any manufacturebb hV gtxre OF cotton goods is so
r,S oIisimg hat II ie advisable for him 10 invest a
t I,m tu- the CITY which now contains prod-
lions number Of looms and OF spind.es Dusy IN max
MS s largely increased demand for cotton goods.
or course Mr. Bordens mills use American cotton.
@ snrrard ~ an immensely extended demand for
cotton goods made Of American cotton II ms a. a.
,o,nd increases as rapidly Mr.. Borden and many
If The sharpest manufacturers in this country pc
Hove Aha II will. even cotton crop OF uoIeh or
in few years be Altogether insufficient to supply
the demand ., , ,o, ,o,od s,u.
no .coount the price Of American cotton this
month Is unreasonably low They declare that II
Turkish complications and the unsettled anairs In
Eur n American cotton would he selling now at
far hipher figures than those which II brings. Inc
E1rnnean and Turkish troubles have given a seri,
oue heck to speculation Of all sorts In London and
vooo and other b great tonr q T6d coapsa in
Kafrrs mas also checked speculation TO tremeno-
aus ox.arf The friends of higher prices OF coz
ton declare with great confidence ana emphasis g Isl
that the retarling and depressing Influences Of the
Turkish complications sno OF me snnls ior 60
seriously in the early part Of 1895 as they have
affected this month and in NovemipeTr ines
b,t n is certain that there IL now far greater
nun,ber OF cotton mills In operation using American
notton than al any previous time In the history OF
b u,orid. that there Is no serious and widespread
strike AZ present in cotton manufacturing any
where: that considerable number OF mills using
now Idle and that many manufacturers agree with
Mr. Borden in expecting a largely increased demand
for cotton goods the construction OF many new
mills and a tremendous expansion of cotton manu-
featuring all over the world.
4 large Southern exporter SAYS that southern
holders are fully able TO hold their cotton and viii
he able to dictate terms to spinners ana exporters
for the balance Of the NOT k e 70 feel
the depressing effect OF the expected LIQUIDATION OF
the cotton held back in the South-'Price Meteor
mick & co.