New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-21
COTTON STILL CLIMBING.
DROUTH IN THE SOUTHWEST EXCITES
THE MARKETS.
A SHARP ADVANCE on BOTH SIDES OF THE
WATER. PARTLY LOST by UNCONFIRMED
REPORTS OF RAINs-THE WORLDS
CONSt MPTICN


The drouth in Texas overshadowed everything
else on the floor Of the NewYork Cotton Exchange
Yesterday and under its influence prices reached
tho highest point yet scored on this advance The
market 0pened excited and higher by to 10 points
than il closed on Friday. May scared to GG or in
points above the ow-water mark of February y
August got within points of se..ing at cents a
poucd. Liverpool was 5-6id higher ana spinhers
toCi l2o00 bales big sale for Saturday at Liver
pool. Spot markets here and abroad were l-lb II
J. higher and firm. Just before the close on the
NeU-York Exchange there were reports that ram
was expected in Northwest Texas, and on ms
rumor prices broke until all the gain nearly had
been lost. The final figures however, We're to )
points above Fridays close August closed at 6N
and May at SIS After the session, on the curb. on
the contradiction of the stories of predicted rains,
prices were points higher here and points higher
in Orleans.
The Signal Oiiice at Galveston announces fair
weather for the next thirty-siX hours throughout
Texas Reports from that State are of serious
character. and from Louisiana and Mississippi are
becoming much of the same kind Reports from
these three States also point to an almost cer'aln
reduction in acreage of 10 20 per cent matter
what the price may reach on ihis upward move
Analyzing The Chronicles" figures OF the crop
movement to date. Atwood Violet x Co wrote yes
terday follows:
The Financial Chronicle" Of this morning shows
as follows: The amount that has come into sight
Of this crop is 93l!%of against L9.5;2ol iaSt year
The crops Of the last three years were '.'7oclh
G7O0OO0 and $4,000 respectively, Dut there was in
warehouses last night United States ports and al
thrty-Onc leading interior markets IN me south
$50 81 against 7.09.S last year. 9S,jOo IN 1898 anG
llO7.6si in 1892. In other words while the eNctss
over las, year IS 5000 ii is $50 less than In 1893
ard 259 900 less than in 1872 The sgn!hCance 81
this lies In the fact that. while 356e0 bales nave
ago there is an actual deficit compared with TIA,
year OF warehouse stocks IN America OF 9SVN. Ihcn
again while the excess in sight over last year is
99S7.00 bales visible warehouse stocks IN TINS coun-
Try are only $500 bales more.
Middlins upands in Liverpool yesterday was
39-l6i. against i,t and l-lt1. and 1-bd respect
lively the las. three years. and 3Asf nitN years ago
Midiiing here yesterday l5-l6 against 1915
and Is and rs respectively 49,. 80.
The worlds visible supply OF American Is @et3iSl,
against 303N1 and 32sS.S3 and 36255'i respectively
The difference between what has come INTO sight
this year and the worlds visible supply represents
what has been taken by the domestic and foreign
s1nners since the beginning Of the season. Sepiem-
her J. There came into sight from today until Sep
,cmber | last year $1,000 bales. We estimate u
come into sight from to-day until S9n'@mber ! less
tn an 100 co.. Iacs We have export 6Ni 81 against
asa $40 Las, year. and yet the total visible supply
Of American in Europe. in excess Of asst year, i9
Only 5000. Al the same time. th"y are consuming
le0p 1 bales weekly ~ American. and American
spinncrs are consuming between 55.oro ana ~"D
bales weekly Of American. ,,,
LIVERPOOL sales Yesterday were i5."0 all Of when
were American but go. Liverpool sales to-day were
1900 in two hours HOO OF which were American
The main reliance Of Europe. IN cotton other than
American 10 that of East India. AMI Vet tn ship
been POI 90 against 5O2r 0 and $1,000 ami 5000 the
last three wears respectively. They must therefore,
continue to consume American cotton, at Their pres
ent sca.c Of takings