New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-15
R. J. HORNER & co.
COTTON EASES OFF AGAIN.
AMERICAN MARKETS FOLLOW LIVERPOOL
CROP ACCOUNTS BAD AS EVER. But IGNORED

CROP ACCOUNTS BAD AS EVER. But IGNORED
EUROPEAN MILL STOCKS DECREASING
lower Liverpool market and increased receipts
al Houston where $685. bales received. against
$3.50 last year caused the cotton markets in Amer
lea sag yesterday. and the close was 10 Z
points under Fridays last quotations. January
closed at Sill The crop news. as bad or worse
than ever was wholly ignored The reports OF
"Bradstreets' were confirmed by those Of The
Chronicle" as far as regards the crop situation in
Texas In a great part OF that State only half last
years yield being indicated. Here is sample OF
The Chronicles" reports:
Galveston. Text is Stained suite generally that
ditlons have certainly been unfavorabe: The hot
psn sseSans badS 60 % East
Texas and the coast districts combined. IL IS
asserted will hardly make half Of last years crop,
while the output in other parts OF the state and
In the Indian Territory is expected TO faIl short
the long drouth have all contributed to bring this
about Worms are al oyer the STATE ana
to kill them.
II Is thought that lower market may be looked
for next week because the hot forcing weather in
the South is expected to hasten the maturity OF the
crop, and the high price IL expected 10 stimulate
the volume OF receipts until they make quite a
favorable showing and impress Liverpool with the
idea that the crop IL short as claimed
Port receipts yesterday 1850 bales, against
rs 45S last year Port receipts on Monday last year
were 30. i25. New-Oreans expects on Monday 5000
10 $500 against $50 last year. The port receipts
tAis week last year were 1900 bales. Even the
high price 1t Is believed. will not bring out over
100 900 bales this week.
In another column s. Mum. Son e. Co. call at
tention to some features OF the cotton situation.
The English spinners bought only 5000 bales yes
terday The total worlds supply lost only 1900
bhes Of which % 600 American. Yet though
buying spaIingly OF the visible. the European and
British spinners still running their mills at fun
capacity and using UP reserve stocks Ellison, In
The Chronicle" shows that for August Their con-
sumption was 10000 bales weekly OF all kinds.
Their mill stocks August 81 represented four and
a half weeks consumption. Northern spinners
have taken since September $500 bales against
43647 last year. while the amount OF the crop mar
keted since the LIST inst. has been los357, against
l7ss4s last year. about IS per cent less. These
figures form a good basis for argument Hubbard
Brothers Co write as follows:
We have seldom read worse accounts OF the con
dition Of the crop and it Is remarkable mat IN
face Of such reports and the ignt receipts
OF cotton al these quotations. j is evident they
do not yet believe them. and that only can De
Their reserve stocks must be sadly depleted unless
wrong n Wnder these conditions the trade feels bull
ish. believing the spinners must buy freely "neh
they realize the snortness OF the Up ar bon,
cents
The latest batch OF crop news from the cotton
belt contains the following
Memphis Tenn. Sept. 1A-Our reports from the
delta country continue very gloomy .
New orleans. Sept. H-Navasota. Tex. says small
receipts Hot weather burning UP cotton. .
Oakwood Tex Sept l3.-Too hot to pick. Not
over half crop in this county. go,
Creedmoor, Tex. Sept. l.-Most OF the crop will
be gathered in the next ten days No chance for
younC cotton to make any more. as all squares are
falling of no blooms. Crop average one bale TO
four acres. go.
Calvert Tex Sept l3-About one-haf OF last
wear when county received 5000 bales.
Little Rock Ark, Sept. l3.-Excessive heat dned
up plants - ,. r,.... u,. o.,0,
will ne short in every direction in East Mississippi
Weed not frut.ng Crop not more than one-halt
Of last wear with general frosts before November
: 70 10 trade might be surprised II this crop did
moi commence with . or :. IL won't commence
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