New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-27
COTTON CLIMBING HIGHER.
NEW RECORDS MADE AND HELD.
mo spor SALES CONTINUE IN LIVERPOOL AND
sror MARKETS IN AMERICA EXCITED


'1@ AND ADVANCING
Cotton climbed up 10 higher altitude yesterday
with rapidity that is seldom seen on the New
York Cotton Exchange. II was day OF via
speculation and tremendous activity. sales on the
Exchange reaching the enormous total oil fS'o"
bales As the calm usually precedes the storH' inc
opening lower and prices declined points
DESPITE the fact that Manchester splnners Dougn'
20 600 bales OF spot cotton in Liverpool at 3od ad-
vance But change came over the market os
eight breaks DER the sea" There appeared In the
ring brokers for big bear nouses-Henry Hehtz
Co and lehman Brothers-and they began puy-
Ing heavily. Violet a. Co.. leading buiis. pought
equally heavily. and quotations began rise thai
did not stop until q points above the lowest had
been scored and new records made for this great
advance January from $50 sold up TO sSl. III
closed at Sf5 10 to IL points above wednesday.
MIR Hentz bought. II is said no less than foVV'
bales II was supposed for European shorts. Nlo-
lett & Co bought as heavily. for New-York, New
Orleans and Chicago bulls. Heavy realizing sales
and n mort movement 300 bales-as heavy az
last year-had little effect In checking the os
rise. The market the curb was four points over
the close, Talk of ten-cent cotton Is more frequent
every day The crop estimates are rarely above
$4,000 bales now. John II. 1nman. whose sources
OF informal In the South are considered excellent
I'm an interview estimated the crop as low as
g. 600 bales New-Orleans bull sent In the
startling offer 10 wager $3.50 to G5W mat inc
figures OF the next crop Will begin with a o. NO
body had the courage to take him Up Many say
a reaction Is due. but few have the teineriN 10
back their opinion BY selling the market snort
Reports from the South said the crop was colam-
ity All the Southern spot markets were &c 10
3l6c higher and on this market cash cotton was
marked up nc to 3 cents for mddling Gulf some
of the dispatches from the South received mere
yesterday read as follows:
New Orleans. Sept. &-Spot market wild AZ 9-lo
20 " higher October shorts competing WIN cH-
porters irving to buy spots. Lehman ana Beer
have three brokers In the spot market Bet M,W
even that the crop Ia under o.tooW baies; az" 10
IS 100 that II IL under 6200o 500 TO w." tha' the
e' Ws,cSex Miss Sept, 26-The destruction by
worms is the greatest for twenty-five years Sev.
eny-fve per cent Of the crop OF TINS sectom INV
eaten up; the remainder will be soon. the 1reiorn
ton this month greater than In August Inc crop
Is calamity. - -. ,., ,,,a,as ,,s, here
from Ouachta River says worms nave r"'pp''
both hills and valleys. ,,, ,.. c.ro,,oa ro
Charleston Sept. 26Detailed South Saronna re
port this week says thct dry weather mas aHecseu
soils and causing shedding on rich SOL; hso c"us
inc half grown bolls to pop open pfenntureiy.
Sew-Orleans Sept 6-Oak Ridge, La. speGanuii
20 "The Picayune' says Exceedingly light yie ,
of cotton after the irst picking one planter h ~e
expected half bale acre only got three a pays
worms have eaten all the foliage on panoo a haas
tho last week. preventing any top crop: o"s,
were shipped last year. and CONSERVATIVE i sav
this year is $500 Bayou III mni cotton no.
SINNER Tex, Sept. 26-Picking nearly nnisme o,
farmers who made forty TO ff'y baes nst Sen
make only ten to fifteen this year VII. w rt,ia'''o
ronntv reports crop already nearly gathered'