New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-15
COTTON SHORTS SQUEEZED.
A LIVELY DAY on THE NETWORK EN-
CHANGE.
PRICES JUMP Up NINE POINTS OVERNIGHT
LIVERPOOL FURNISHES ANOTHER SURPRISE
MAY SELLING ABOVE June.


MAY SELLING ABOVE June.
once more Liverpool set the pace for the cotton
world yesterday. and the American markets fol
lowed with preciptate haste. Instead Of declining
in response TO the weakness OF the American mar
kets on Wednesday, the British market surprised
every cotton trader here with an advance OF 2-6id
in futures with spot reported hardening and
Manchester spinners buying ZOO bales. The New
York market opened with a jump of points
over Wednesdays close with something very IKE
panic among the bears. The mckiess shorts
thought they beheld the development of the lnman
corner heretofore mentioned in The Tribune. There
VAS great excitement in the forenoon in the pt OF
the Cotton Exchange as the price OF May jumped
up points higher than the June delivery me puiiS
say that there - enormous short interest out
standing in May and no actual cotton available 10
protect it, New-Orleans at one time was u points
higher for May, but lost points our ild'Ne' a'S'
eased up in the afternoon. There was report '"A'
a large Liverpool house is short III ms ihaiN''
5000 bales of MAY against cotton held In Liver
poo' The close here was at n"' gam Oh 10
no.nts oyer "Wednesday. May closed at OIL which
is exactly 30 points above the lowest each point
representing an added value Of y on II" bales.
rho .xceIlent business outlook for the cotton
trade affords the holders OF cotton great satsfac-
ton SINNERS here took LILO bales. Boston advices
Indicate an improved feeling in spinning circles, and
local firms were in consequence receiving bids i
cent above recent sales. There has been steady
gain IN this direction for some time past, and the
demand for the actual stuff shows signs Of de
crease.
The movement from Bombay continues small.
showing that at tn present range OF prices Amer
can cotton is driving Indian cotton oGt Of the
worlds markets. Among wcll-poS'ed traders. *
porters and others. the current belief is that the
consumption of American cotton will go to 9~0~D
bales this year. In this view of the case the
question OF years acreage is daily becoming
more interesting. Atwood Violet x 60. call at
ton to the following acreage statistics
The official figures show according 10 the census
OF 1850 that the average production per acre In
been Increased since by ferilzing in the Atlantic
states but the loss fertilizers this should
According 10 our reports at \eW-oil"ans ana
here, there VIII be material reduction in acreage
Thu following acreage figures are those o. tho
United States Department OF Agriculture: IN
lssS-s9. the acreage WAS S.@3122i. and the crop.
G.&;,c0: in 1880 acreage l9oS)275 crop '$ll"l'
in lSSeSl. acreage 2"Ss6il crop Se'2o9O in 1Nl-F2
- 57l.0r crop 10000: III 1898. acreage 19525D
crop $4,000. In lS9495. acreage 1878 49, and he
Weld Will approx innate $4,000 All OF this shows
there will 6e 5000 bales more than three years
ago. when the acreage was larger, bu, when We
or less as for instance in lSNs-Ns. with crop OF
6.s;jo00 and the acreage only LOCO" smaller than
PARSONS that the South has been making 1900"
to 100000 crops, not so much by reason OF tho
the greater WELD OF IL With a lessenng OF fertiliz
Ing 10 the extent OF 90 or ~ per cent the coming
ter!ally reduced crop next season.
Hubbard Price & Co write follows:
The of the market AT the close today Was
better than Tor several days past. There was no
disposition 10 increase tIIe snort interest," ,"hICh
was made early in the morning, as the trade are
slowly realizing that the change in tho sentiment
of the world regarding the value OF all products
cannot be arrested by an advance OF some 10
points.