New-York tribune., 1895-08-30
COTTON'S STEADY RISE.
AMERICAN MARKETS CONTINUE To ALL
VANCE RAPIDLY.
,,r.vx sprcr-1ArIoN DowNrowN-LIdHr hh'
cErPTs AND BAD CROP AC'o'
BOOM THE STAPLE.

| HEAVY SPECULATION
cr1prs AND BAD CROP ACCOUNTS
BOOM THE STAPLE.
| rh. raunant speculation In cotton overshAuo"
| evervthing downtown yesterday. lhe E'o"' y,
| lean staple continued to forge upward j" s lao,
| n tremendous pace and fortunes were "o" "". ,d
on the Cotton Exchange. When the gong so"",, o.
:. =, oxc,,cd brokers were bidding SI GEMS
for January cotton which twenty-four hours oeio'
could he had for sos on the curb ao was o,'' "
% points above the lowest sale OF the oh, io ,a
ary cotton. Liverpool opened weak o". - -.
higher than Wednesday. when they sa'' VIC" 49,. T.,
American markets were disposed to take 'ne Wv -
their teeth and go ahead regardless OF h'e'poo'
The cotton market has now got pey"'u VI. -.
Of individuals and is run by the pubic. Inc 0o
was more bullish than ever. and New-o''ea'' ~,
cago and Wall Street all bought cotton heaVh'' ~,
volume OF trading on the Cotton Excnanke
TO 10000 bales the largest in years The huc''" -
tions were violent, the range OF prices pe'"s ~
points.
The movement OF the new crop seemed S"' ''
than ever by comparison Port receipts ye',fuay
were 700 bales against 3.765 for the same oa' "''
year Galveston received 40 bales OF new co''o"'
against 1900 bales last year. Receipts NJ no"'''
were 800 bales against 1888 last year New-o'e""'
received new cotton. against 56S last year
snot cotton here was advanced nc. to $3.50. for
middling.
1t was reported that the Paris Green Trust was
buying cotton. and a banker at Natchez 'e'es,ap"e'
that druggists there were unable to supply the de-
mand for paris green from Mississippi planters
whose cotton-ields were being ravaged by DOH
worms. Heavy sales OF paris green were repor,c'
from New-Orleans. The Gulf cyclone was grow
Ing more In evidence on the Texas coast. blowing
thirty miles an hour at Galveston. The Texas
drouth is unbroken Some OF the crop accounts
coming from the South read follows:
Orleans, Aug 29-Letter from most fena pie
source In East Carroll Parish says damage Dy Don
worms. that army worms webbed up secohd crop'
expect them I'm force 7th to 10th prox -.
never been so unfavorable. Excessive rains nave
caused bottom crop to fall OF or rot plants; on
close inspection almost bare of fruit: too late TO ex-
pect any top crop. Estimates are q to 30 per cent
short.
Natchez Miss. Aug. 2s.-Reports this morning
from different localities In this section show worms
eating up the crop We think the prospeci,s
good for the crop OF the whole Mississippi VAL
ley being disaster. .
New-Orleans Aug. 29.-Indcations show that the
Gulf storm must be south of the Louisiana coast
II 1t enters Mississippi Valley 1t will cause great
disaster as 1t Is pretty much that ALREADY. Lnink
States. Georgia mills are wiring here for cotton
New Orleans. Aug. 29.-The great bears on cotton
the European spinners and New England mills:
they have not commenced to cover yet. America
crop. England and the Continent cannot get their
share. One OF them will get left.
Wheelock, Robinson County. Tex. Aug. S-Crop
will not yield more than one-half OF last year
Raschille. Tex. Aug. &.-Worms are getting ad-
vantage OF the crops. Light rains and hot weather
have scalded cotton causing the plant to shed its
leaves.
Gonzales, Tex. Aug. 2S-Cotton In this county will
fall far short of previous years. Last year we
shipped q, 600 bales and the coming season we will
do well TO ship 10000.