New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-01
A REACTION IN COTTON.
RAINS IN TEXAS CAUSE LOWER QUOTA
TIONS.
Do1.EFrL REPORTS FROM THE COTTON BELT CON
TINrE-BoLL WORMS RAvAGING THE


PLANTATIONS
Rains in Texas caused slump OF 7-64s In the
Liverpool cotton market yesterday. equivalent to
% "Aror,can" noints The effect on the American
markets was pronounced. Quotations on the New
York Cotton Exchange opened down 10 10 Il points
but at this basis there are such desire 10 o"S
that prices rallied points. only 10 lose the I'M
provement. The close was ABOUT az the opening
figures January selling at 79s. Monday, Labor
Day. being a holiday. traders preferred TO sell ana
reap profits rather than hold on through the vcssl
tudes Of two DAYS The market for spot cotton ala
not follow futures down. Fail River auNlces sdlu
the print-cloth market was active ana strong al an
advance Of Lice In fact outside of rains IN Texas
the news was OF decidedly more bullish flavor
than b.arish and the confidence OF holders In higher
prices remained mistaken. The port movement for
the dav was 975 bales. against 3lGs last year To
mako a 100000 ba.e crop receipts must be equal
to seven-tenths OF last year. Up to the present
they have been but little over one-fourth. In the
face OF the continually bad crop news 1t seemed
risky business TO sell cotton short
'Bradstreets" published special dispatch from
Galveston yesterday morning saying:
General trade Is fair. but cotton crop reports
from all parts OF the State are gloomy. during the
last two weeks greater damage has been done than
estimat make the Texas 81 10 40 per cent pc
west Texas nave suffered from drouth. and now
being ravaged by boil worms and sharpshooters;
the new plant is shedding badly. while worms are
doing great damage North Texas reports are uni
versaly bad and all complain OF ravages by worms
Its correspondents at Dallas say now it seems set
ted that the Texas crop will be short this year
Conservative estimates do not exceed 225O,cD bales
The brokers on the Cotton Exchange are engaged
In a controversy over the question OF supply and de-
mand OF American cotton. Atwood Violet Co.
whose long experience In the cotton business gives
weight to their opinion. furnish some figures in
another column this interesting subject.
The following crop news was received yesterday
on the Cotton Exchange:
Natchez Miss Aug. 3l.-Merchants here are
flooded with orders for paris green. The third crop
OF worms have appeared and re destroying crops IN
this and adjoining counties and Louisiana parishes
Nicksburg. Miss. Aug. 30-RaVages by boil worms
in the Yazoo Delta getting daily worse These
pests are appearing IN every direction, and no
county T. exempt lssaquena and Washington
counties are seriously affected that not more
than one bale 10 five acres Is expected. These
counties made over one bale per acre last year, and
raised 1900 bales.
Cuero Tex Aug Brains have not helped cot
much Some farmers In this section report
that IL will axe five six acres 10 make one bale
Crosby. Tex. Aug. 3o.-ioung bolls are shedding
off fast they form. and should II commence
TO rain now, and be showcry for few days, cotton
worms will be numerous and vigorous enough 70
up ali young bols forming after this date.
New-Oreans. Aug N.-The condition Of the Miss
issppi Valley crop Is very grave.