New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-10
COTTON NiRKETS ADT1NCING.
NEWS FROM MANCHESTER AND LONDON CAUSES
ANOTHER RISE IN QUOTATIONS..

! NEWS FROM MANCHESTER AND LONDON CAUSES
ANOTHER RISE IN QUOTATIONS..
The cotton markets continue to show surprising
strength There WAS a further advance yesterday.
and the closing figure on August was 639, i've
points higher than the night before. and the highest
touched since the Improvement began. on March /.
on February p August cotton sold FOR J55. Tho
awakening 70 the true value OF this great COM
mercal staple since then has been pretty thorough.
There much bullish sentiment prevalent
yesterday any day since the rapid rise began.
Silver made another sharp upward movement in
London. rising 2sd Manchester buyers in Liver
pool increased their takings TO 1900 bales OF which
1900 American. The mon hly statement Of
/ the British Board % Trade makes the following
showing OF tie exports OF yarns and cloths from
the United Kingdom up TO April !;
v,.,. o,., For S;o McS Since s5 Ja9. 4 /
Yarns ubsD ............. :3npNp oo2Sttf'SSv
CIofhs syds, 5000 l2S@i.SO
Last year .............. i5622,lO LplStSO
The demand Of British spinners for cotton this
year has been a revelation Of commercial short
sightedness where I, least expected. Cont
mental and American spnners bought heavily or
cotton while II cheap. but the Manchester
manufacturer trusted in Mr. Neill and is now being
rudcly undeceivcd. The figures show that Conti-
mental splnners have taken $4,000 bales more than
last year. whereas the English have taken only
10000 more. though taeir weekly consumption Is
hardly 1900 bales less than the Continents Up
Friday last the shreWd American splnIefS nau
taken $4,000 than last year.
This enormous demand is chiefly responsible for
the strength of cotton. The prospect OF termina-
ton OF the Eastern is important factor
in this demand.
Reports from Texas that drouth Is serious
In that section. and interfering with the planting.
The exhaustion OF stocks is becoming evident.
The following kilograms to Price, Mccormick q
CO. are interesting regards this point
Bayou Macon.-Tensas boa. arrived yesterday
with forty bales; previous trip. 400 bales; before
that 900 bales Her captain says only about 800
remain Boat from Camden, Ark due with so
bales; previous trips. 1900 200, understand she
brings the last Camden stock
Georgetown, Texas. specia, says; ''Drouth be-
coming serious In this section. Much damage 20
farm interests II soon broken. Acreage may
Kerens Texas.-Crops need rain; considerable in
crease in and oats and corresponding decrease
in cotton.
Atwood Violet & Co. say;
Cotton cannot be brought here TO lquidate a sale
OF contracts nearly cheaply as the short can
himself the market. We referred yester.
$4,000 as representing the largest supply at any
point in the United States. but correspondent
wires US to-day that mistaken as TO the
amount, saying the New Orleans Exchange esu-
mated that the railroads held on April 1900 bales.
all OF which practically Is in transit when, de-
Quoted would leave In warehouse an actual STOCK
OF about ISL 600 We very much doubt IL the cotton
in presses to-day al the United States ports. un'
sold, Is $4,000 bales.