New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-13
COTTON CLIMBING UP.
A FURTHER ADVANCE OF FIFTEEN
POINTS.
STRONG MARKETS ABROAD-CONTINENTAL SPIN
NERs AFTER THE STAPLE-sPOTS


EERS AFTER THE STAPLE-SPOiS
MARKED Up.
The excitement In the cotton trade pecipita'eu
BY the Government report OF Saturday continued
undated yesterday. Quotations on the New-fork
Cotton Exchange opened Il IS points higher tnah
Saturdays close. reacted to about 10 points up
then closed steady at IA TO Is points higher OCTOBER
closing nj 740 asked The chief bull FACTOR was
the great strength OF Liverpool respo"oeu
fully 10 the big rise in the American markets. cios
ing yesterday points up for futures or equiVaien'
10 q of our points Spots were also higher "a.
Manchester spinners increased their taking 10 i1""
bales Continental spinners were said 10 De aoo'e
buyers in Liverpool
Everything had an extremely ouiiish HUN Se
day. and the possibility Of frost ca'ch'"s '"e
belated crop with the continuing sma" hioVese"'
and bad crop advices gave rise again 10 predicuons
O. ten-cent cotton before next March Inc po''
rece,nts Yesterday were only 4Gs against 2+W paies
for the corresponding day last year Presiae"'
Lane OF the Cotton Growers Associa''~"' mas
issued from Galveston a proclamation u'shs '"e
planters 10 organize for the purpose OF ho''''e
hack their cotton. The effect of such concerted
,nv.mer, IN the early fall would reduce the visible
.,,pnIv 20 proportions that would make Manchester
spinners decidedly uneasy. President Lane says
his personal Investigation convinces MN 'na' '"e
decrease In the Texas average Is twen'y-hVe pe'
cent that under the most favorable conui''ons '"e
State cannot make sxty-nve per cent OF last year
crop ard that Alabama viii not make thir'y pei
cent.
All the Southern spot markets were &c hsne'
v..teraax and this market advanced 3-lsc. midding
uplands selling for 7s-l6c against &c ias' Se'''
SINNERS were good buyers, taking sl6 Da'es'
Two new bales appeared at Savannah YESTERDAY
the first Of the new crop TO appear al 'ie H'"'
seaboard.
Total sales Oh the New-York Exchange were
23S 40 bales.
New-Orleans bulls sent lot of offers to bet on
the size OF the crop. but no takers were iouh'.
They offered 5000 even that he crop Will not
be 900 and 500 to ST. 900 that II will not be 'Zo
Op bales The Bureau figures are taken 10 point
70 a yield of $4,000 bales. OF the probable oe-
mand for American cotton for ;hc next Twelve
month. II. Pasch. the Haue statisiician ana au-
thority, says 80
deliveries to spinners in the forty three weeks
elapsed so far this season have weeks 20 Of last
season there delivered 10 the worlds spnhehts
$4,000 bales Of American cotton odvered 70 the
worlds spnners during the same period ti.s ,,irn
namely July IS to September |, inclusive ,hc en.,re
deliveries Of American cotton to the worlds spin
ners would for the twelve months ending Ausust T.
S 70 the s eng ssi s!S o IN is Sso
in Ssl-s2: 5000 in 1s!sl-sl.
He states additionally that crop OF s"""" 10
$4,000 bales of American cotton will be wanted
NV the worlds spinners for the season beginning
August l. He adds further as follows:
Is there any reasonable hope OF sucn production
BY this sappy and late plant with thlrN pc. ~
less fertilizers general reports from the Soutn IN
d,cate forty per cent less ferizers). wnie prices
are lower than they were AT this time OF the
season, Planters and sellers Of shipments may
entertain some reasonab BILE hope to get higher prices
later
Writing of the days developments Atwood
Violet q Co.
There Is no promise Of any general movement OF
the new crop until the middle OF september or id,e
Our advices from New Orleans by wire are 10 me
from everywhere. and the Government shows neaty
rains over the entire cotton belt except IN leNR'
where rains greatly needed. whereas tise
where dry weather Is wanted. " rs tDe seme,ai
impression here that the crop has lost In cono1toh
since the lst inst 1t is thought also. that me au-
vance in contracts is largely upon a iegitina!e
basis namely an active demand In the innediate
future for spot cotton. our Liverpool cable today
saws: There Is far more desire 10 buy IMAM tne!e
has been for some time, and II the small rccePts
continue the market must advance cohsiueidos;
Manchester Is considered very bare OF cotton anu
the Impression is that IL must soon buy more
freely"
Hubbard Bros. write as follows:
our cables from Liverpool inform US the most
active buying in that market to-day was for the
account OF the Continental spinners who nave up
10 this time refused credit any a1Vices rom tns
side OF injury TO the growing crop. and their pur-
chases together with buying for short account.
caused that market to close strong at the best
nrtces OF the day We are receiving reports Of in
it,ry 10 the growing crop IN Texas from the con-
tnued hot weather of the past week, accompanied
by buying orders. and We hear from the drygoods
district city Of increased demand Tor cot
Ton goods which Is causing advances In the price or
the product OF the mills.