New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-26
BIG SALES OF SPOT COTTON.
NEw.ENGLAND sPINNERs BUY NEARLY
1000 BALES IN THIS MARKET.
THE FUTURES MARKET RALLIES SHARPLY AFTER
An OPENING BREAK-INMAN. SWAMI
CO.. prYERs-CEOP ADvlcEs.


An OPENING BREAK-INMAN. SWAMI
Co nrYERs-cEoP ADvICEs.
Cotton seemed TO have touched 'he ""''' VI ~
reaction yesterday. when August oroppeu 7"
after break Of 3-6id. IN Liverpool Al 'hl' POM
which was about GS points recession from VI. ''s
est. there was exhibited such keen Anxiety 10
h,, co,to, TINT a rally set In which recovered
nearly AL the loss August closed az ST. ore point
below the highest Among the no'ao'e p"''e
the break was the big house o. lnman' swan"
CO. An important help TO prices were the '"is.S
spot ralcs at this point In long u'"o' 500 "",''
be,nu sold OF which ASA bales were bought "
NovEnaland mills and 900 for export specu-
lation was active 24220o bales being dealt In ana
the close was decidedly buish
sa;es Of spot cotton continue small In Liverpool
but II IL pointed out that II the milmen Oh MAJ"
chester and Oldham are not buying i IN Liver
pool they are taking II from their mill STOCKS anu
tho result is the same. except that they WI. pay
moro for their cotton hereafter These same Man
chester spnners made the mistake OF not o"''ns
cotton last February. when II was 5~ Inc! poub"'
heavily few weeks later at cent pouhd hishcI'
Brtishers' hndsgh, is sometimes better thah 'ne'
foresight
co,.-,nsnt reports were OF favorable weather
over the cotton belt but the North Carolina state
Bureau said the condition OF the crop IN mat state
on June % was 60 per cent. compared win VI PEI
cent last year. Private advices from inc oou'n
by letter and telegram were bulsh on crop HIVE
One OF the leading cotton exporting houses IN mis-
country at San Antonio. Texas, whose interes IL
Il 10 have a big CROP writes as follows. under date
of June %:
Very heavy rains have continued all the week
and farmers report damage to crops, more parUcu,
larry from the enormous growth OF weeds anu
grass which, In a rainy season In Iexas, IL pro
digious and alarming. In bottom lands some loss
is also reported from ovcrnows Sill adhere to
the opinion that the real danger TO the iexas crop
II from the almost unfailing heat ana dryness ~
July and August Beautiful prospects uhtli July ~
TO is easily 60 pieces under the influence OF 'he
midsummer sun.
The following additional crop news was received
from the South during the day:
New-Oreans. June Achievement reports OF
IL inches: Cuero. u; Lulng. q: San Marcos. ?:
Waco. "A. Numerous rains at other points ina,
are not official stations.
Victoria Tex, June &-Guadaloupe River over
flowed: bottom lands flooded: eleven inches oil rain
In sixty hours. - - -, .,
Giddngs Tex. June m.-Forty hours rain; creeks
overflow ed; crops flooded half OF cotton washed out
and choked by grass and weeds.
Cuero. Tex. June 23.-Guadaloupe oyerloWed;
cotton outlook never so gloomy. Mlican. Tex, June
o3-Present outlook cotton nearly failure. Colmes-
MI. Tex. June 23.--Eght inches rain In two days;
farmers broken up 49,
La Grange Tex, June 23.-River overnowed;
most conservative estimates, 40 per cent dahass
Hearne, Tex. June Crops IN. Brazos bottoms
rretrevab,y ruined. Groesback. Tex. June "a
good deal OF cotton land abandoned , 49,.
Camden Ark. June 3.-CrabSrass taking cotton
where not previously worked.
Galveston. Tex, June 25.-Weathcr clearing; crop
backward owing to .ate planting and unfavorable
weather: damage undoubtedly serious and irrepar-
able in the largest producing districts.