New-York tribune., 1896-02-06
COTTON FEELS THE SWELH'
MARKETS ADVANCE on THE BOND NEWS

II.
WORLD IS on THE EVE OF PROSPEROUS
TINES YESTERDAYS DEVELOPMENTS
The overwhelming success Of the GoVe'''"'''
bond issue shook mp the suky bears Oh NV .
Exchange Yesterday afternoon and genera
ering movement set In, which caused 'S
ponts from the lowest The close was near! NJ ~
60, and . n G points over the finals OF TUESDAY Id"
months the best. .,,,o,,s
nh, rrnarolIeled unlocked for and tremendous
ovorsuIscrIption to the bonds the single '"''7
of conversation among the cotton men uo"
Its far-reachlng effects on every Inc o' ''''' ,,
and industry. 1t was universally "t''' Ii
hardly be estimated. The people nj '"'e' ,,
had time Yesterday to realize what so dS''
an expression OF confidence in this "oN''i ~
meant The news no; known outs'"e u W."
c,roo, until In tho last hour. In that hour co''''
son houses began to feel the swell Of the er'a 'o
Of buyng and investment orders th"' wv ,r,
believes will start from yesterdays Don" HIVE
South and the West had not heard inc h'"' "
tho downtown markets closed but "''''''''
was known IN this city It's benehcent ehe''s "'''
Immediately felt In the drygoods market espc''
~ there was a noticeable stifennG OF the views VI
manufacturers A sti better tone Is looHcu 'o' "
a complete knowledge obtains OF the ""'"'' -
Yesterdays bond sale developments IL - ~" =.
the time OF the year when booms always oes"' "
= hoom OF surprising magnitude in business does not
teachings OF experience. When business "oes IN
nrovc that II will mean more demand Tor 'o''o"
goods and more work for the cotton miIls thc'e "a"
be no doubt. ,,
The cotton bears only fel, the approach OF '"''
era of prosperity yesterday They were sun ~
raced In industriously spreading reports OF '' os
acreage for next years crop. as Il next year ''o
could make this crop any larger The bears WI"
find their hands full with this years crop probaoy
before they get through to next iall In Vie" o'
tho general restoration OF confidence IN p"s''''SS
now apparent. IL is not likely that southern Sp"'
holders are going to part with Their holdings ID any
panic cry about a disordcred currency ana usht
money"
Mohr Hanncman & Co was the only bear house
that still seemed inclined to sell yesterday. hase-
dorm & co. bought May cotton. after s''Iins "'-
tween SOS and sl2. closed at $40 bid Marrh 5000
between I5 and So3 cosing AZ sol octonrr 'loS''
attn TIE total saics were small. however~i'""
bales The nows from Liverpool WAS better Sp''
sales there were 1000 bales. and futur,A closed = 70
a-c,d over Tuesday Port receipts were ii1H bales
aeainst z3os3 last year. Thus FAR this week port
receipts have ieen 1880. against S.5f' last week
For the entire week the port receipts VIII prooAoF
he 40 90 AKA nsi 1900 last ycur. Ne"-of'"h'S ~
poets GCo 7co0 today. against '3'' i's' year ".
Ncw-Orieans receipts no criterion TINS year o'
,,o total movement, The Interior towns are NOR"
s,cr,ncant Augusta got yesterday 20 bales against
;5s last year: Memphis ~. against l"'i las' year
:, Iouls 2o7 against i9l: cincinnati l.'S agaihs'
,o4s and Houston 3Gi. against LIZA houston IN
ncc,s to-day 2pr 10 2So. against 2@' lasi year
The spot markets remain practically uhch""se''
n moderate business being reported
The Weather bureau reported a storm centra' OF
.ho >,tss,ss,n,i coast Some ~ that big acreage
that bear houses rolling Ike sweet Ho's''
under their tongues may be found to be aN'l-ao''
o,i,, m feeding grounds for herOns cranes ana am
oa,o,s this summer bear house started TOT th'
o,,io,b time on the rounds yesterday report 'ha'
, h,y h,,u leader In Eew-Orleans had become
hear The following telegram, which VIII be ''oo"
,,ze1 "a emanating from the Aforesaid operator
do.s no, leave much room for DOUBT as 10 "'''' II"
10 ,o me found I'm the coming campaign;
v,w-orlcons Feb 5-Notwithstanding The sensa-
acreage mules horses. cots cows; ier'lil%",s III
a., t5,no ,h,t ihc States outside Of Texas ana M
a. Terrifory won't make G.tOOJ bales. ne V''h. U.
i.,rod rains in the Ohio ani Mississippi vance
a.rS .. ming in We may escape high water ti.s @
sn,,ny hut il II very unlikely. captain i''it"' H.
V,cLshurg boat arrived today with =" "t'cS' ~
aevs the river Is swept tI'hh go .,t,,.,o, Ia.
49, t,Ii,n legislative Council. ana. whlr ho' - -
", thc Winchester spnners desired. Ir'N' " -,
- ,,r.l,, omen for the admission OF itrl "h-
~, "a Iriia and the production OF lh,. Hi"H
baeter mills viii doubtless soon sho" 'h' III ~
Ne new schedule The duty on cotton N, NirnS - -, d,
oind and that on all cotton cloths ls r"lur'" 'o, @
- 9, ner cent This Il 10 be Levied Dol" az on. M
,rnnort duty on foreign goods ana as II" eN "
goods OF domestic fnahui"c'u'"'