New-York tribune., 1895-12-11
COTTON RISES RAPIDLY.


CROP or ONLY sa75.ooo BALEs INDIcATED-BIG
SPOT SALES AND HEAVY ExPoRTs-A TALK
WITH II. :. NELL
Cotton moved up l2 points yesterday The March
option closed at sH bid. against s35 the
night before. On the curb $40 was bid for 1t. The
days trading was more active than for some time
The causes OF this continued rise in cotton were
several The chief wholly unexpected
estimate of a cotton crop of e,S76Ooo bales In the
Governments regular monthly bulletin. The bureau
was expected TO deal only with the farm price OF
cotton. and this additional information fell like
live bomb in the cotton ring. The bureau report as
teiegraphed from Washington and posted on the
Exchange az follows:
A crop equal TO 61.3 per cent OF last years. or
6375Oo0 bales OF 800 pounds is indicated in final re-
turns from county and State correspondents More
complete reports based the commercial move
ment will be Issued in 1896. the first of them prob
ably in February.
The mean farm price is 7.5a cents. gain OF 60 per
cent last years figures and Of per cent
on 1893 Returns from correspondents are al
most uniformly unfavorable as TO quantity, the
weather having proved generally disastrous Inc
drouth caused an unusually early marketing
throughout the cotton area, with an almost total
sacrifice of top crop. The lint however is seneray
clean that the quality is exceptionally his".
Many reports show crops completely gathered ana
marketed.
Liverpool had closed when this announcement was
made Its effect upon that market to-morro" -
awaited With great interest. There was hurrieu
scrambng for cotton the part OF the shorts ai'cr
this report came out. Al one time thereafter t"e
bears showed fight and knocked the market down
points alleging that the basis from "hich the
Bureau figured its May report Of crop OF S.!s-si"
last season was wrong therefore IT'S conclusion
must be wrong But the Bureau added tne lnio'-
nation that its May figures did not include the
commercial crop, or Old cotton hed The cas ns or7'
but there were Otner factors as potent ds ne
Bureau report in advancing tae markes ne p Dis
and abroad. and interior and port receipts We're We're
6 re Ia aIyance All the southern marAets
LID hgner, anu an active puSI,ess n,s " % -
oaes: Galveston IOiy bales: st Louis, $50 oaeS Au-
eusta ssS paies Norfolk go bales Noble tVo Dae'
ana savannah ;i5 Saesi s5 Sei. ""'
rom me ports were heavy. 1885, bales
for the day The toCal exports 10 dale nave pe''l
oo7 sV bales against 2ossS,yG last year - non
rori IRE Tecsp5s s5S ss:1I In iss NeworesRs got @
yesterday against 22,6o5 iast year ana ls6 IN Sy5,
New-oreans expeeis ~ ~ ~ ,n 10 s y These New-or
lesns receipts were without effect on the market
lows: augusta SO baes, against l.Sol .ast year;
Memphis 2s9l, against 3,osJ: ST. LOUIS ss-, against
500; Cincinnati. 5Os. against 'ls7, and Houston, n
I5 Sl against zlOi9 last year. Houston expects TO
day 5Otu against s.70i last year - 80, -. ~
k s. Neili. nephew OF henry Neil, OF Ne New-or-
leans. was on the floor ot the Cotton ENcnange a,.
Yesterday. He has spent three months travelling
IN the South inspecting the crop. lie Will san Ior
liverpool to-day. Mr. Neil said yesterday tnat ne
did not a oale of futures. MS only interest ye-
ing the spinners'. His CONVICTIONS regarding the
crop were so startling that ne hesitated TO SPEAK
them The trade scarcely realized the disastrous
effect OF the killing this fan Mr. Neill was
al TaylOr Tex. the night or November %, "heh
a frost played havoc in that state
NV estimate OF the yield In Texas SAID ne 70
The Tribune reporter. is 1.6OoW bales my uncle
estimate is 10000. Ny estimate Is made entirety
independent of my uncle. and Is based on my o"n
Inspection and Information. The crop - % 10 oo
per cent short in North Texas. estimate mat out
Side OF Texas the yield Will be 4,'Z01O bales, or a
total crop OF 6325cO. Ny uncle estimates that out,
side OF fexas the yield will be 4,1J9.VD or total
crop OF g. 10000 bales. founG good cotton IN spots
In North Georgia. but nowhere else: Alabama is
think 20 per cent short. top crop bloOmed III IeXas
iast year IN September that was picked IN JaHCdTy
There is top crop this year. ..,, .Aa
The crop news received yesterday contained tns
following ,.,,
New Orleans Dec. 1O.-Munroe. La, wires not more
than Is per cent remaining In farmers hands thaI
section. Terrell Kaufman County. Texas special
Now think total receipts at Terrell Will not be
more than onethird OF ast year. Recelp.s 10 date
600 bales. same time last year. 300" Deyerss
Liberty County, special: Crop about one-sixth OF
last year. Dallas News SUNDAY reports from rn
Bonham, Fannln County North Texas. tnat It's
correspondent obtained official report OF nine lead-
ing ginners This year 1900 bales against S6Jo last