New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-29
COTTON STILL GOING UP
SHARP ADVANCES IN EUROPE AND
AMERICA
SPOT COTTON SELLING ABOVE EIGHT CENTS II
THIS MARKET-HEAvY TRADING on THE

SPOT COTTON SELLING ABOVE EIGHT CENTS IN
THIS MARKET-HEAvY TRADING on THE
NETWORK EXCHANGE.
Yesterday was another day OF heavy trading
wild fluctuations and much excitement In the cot
ton market. The weather report from Washington
caused Liverpool to advance English" points
and spinners there bought 1900 bales at an adj
vance OF 332d or 4l3-i6d for mIddling cotton
Quotat opened with bound on the Sew-iork
Cotton Exchange points up on near and 10 to
Is points on late months. The trading was on an
enormous scale. 5000 bales changing hands. wall
Street and New-Oreans were heavy buyers. and the
bullish wave swept everything before 1t In the
early part of the day. Realizing led 10 a reaction
later. and the close to IL points over Tues
days final figures. January closed nj 500 bid
Spot quotations were marked up NC and mdding
sells In this market for Slice. The weather
map showed not trace OF rain in Texas. but
heavy downpours In Georgia. where dry weather
is wanted. The West Indian cyclone is still In the
Gulf threatening the cotton belt The phenomenal
light movement keeps up. The receipts yesterday
ports were 635 bales. against 47s last year New
Orleans received 1 bale OF new cotton against %7
bales last year; Savannah, nome against 3S9 bales
Charleston. bale. against 1S4 bales; Houston. $40
bales against 1888 bales. and Galveston. AT bales
against 1713 bales. Total receipts for the week VIII
not exceed 600O bales, against 2,0O bales last
year
Spot cotton in Mobile advanced nc yesterday
The South Is beginning to lower It's estimates Of the
size of the crop. A New-Oreans bull telegraphed
an offer to wager 5000 even that the crop Will
not reach 10000 bales. Predictions last night
were sent to Liverpool that the bureau report next
month would be per cent worse than last month";
or rs against 779 on August TO- and against $50
last year.
Advices from the drygoods district report firm
and active market for cotton goods, with larger
number Of buyers than at any time since 1892
1t was announced at Vienna that the big cotton
firm Of Sfaub d Guer, of COrniglianO, near Genoa
has failed for 100000 lire.
Crop reports 10 private houses continue uni1orinIy
unfavorable, though not worse than the official
advlces A few of those received yesterday are
appended; % ,.u., rx r,,reo,
for the half week says that where showers maze
occurred they Of great benefit but dronth
causing the plant TO shed leaves. blooms ana
squares. while bolls small
New-Orleans. Aug. &.-Louisana state report, py
parishes shows boil worms and caterpillars al
blooms. etc. Pointe Coupee Parish-Crop not yet
laid by. and plant turning yellow.
Boyce La Aug. 2S.-Worms doing much damage
Paris green in great demand and scarce. Ihder
most favorable circumstances we cannot make
more than one-half Of last years crop.
from this point. 1900 bales. The most. hopeful
now will not venture to estimate over 1900 for the
Ssguin. Tex Aug 27.-shipments from this point
last year, 1900; 1900 will be a high estimate Tor
the coming season. - ,,,
Memphis Tenn. Aug E.-Panters complaining
to-day OF rust and worms In river districts; say
they are doing great damage.