New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-20
A GREAT SALE OF COTTONS.
GOODS VALUED AT ABOUT s3OOo,OoO SOLD
AT AUCTION.
,rvrrs FROM ALI. OVER TIE COUNTRY WERE
PRESENT LOOKING FOR BARGAINs-PRlCES
SLIGHTLY UNDER MARKET RATES

SLIGHTLY UNDER MARKET RATES
EFFECT on THE MARKET.
tn, big sale of domestic cotton goods yesterday
hv Wimerding. Morris & Mitchell at Nos. "a and 60
N.hite-st for Bliss. Fabyan Co. was the largest
uc,,on sale of cotton goods ever held In New-York
IT, value of the goods estimated at about
I, nn coo: there were between 400 and 800 buyers
I'D the bidding active throughout most OF the
A,v II was characterized by everybody present az
mos, successful sale. and that cannot fail
:, have a beneficial effect on the cotton market in
General The sellers had reason to be grateful at
,he large representation sent by every market and
,he avidty with which the various lots were con-
,ended for The fact that the sale closed at twenty
minutes before considerably earlier than had been
syneced shows that the buyers were not SLOW 10
-ecogniZe their opportunities.
The firms represented covered the principal cites
IN every part OF the country. ami nearly every dry
FOODS houses Of any prominence. Among the big
Nev-York houses who had buyers present were the
n B. Cafin Company. Sweetser. Pembroke d
=, G Is. Rouss s. Stenfeld & Co. Cohen. Endel
g. "a F. S Jafray & Co. Durham. Buckley & CO..
Y Ridley & Sons X. Mandell. Syndicate Trading
Cor,pany and others. From Chicago there were
Marshall Field & Co.. J. V. Farwell & Co.. Carson.
prc Scott e. Co. Partridge 4 Netcher and Man
dal Brotners Boston sent Jordan. Marsh & Co. r.
n White & Co. Chapman. Kendell & Daniel. Shep-
.,l Norwen & Co, Houghton q Dutton. Wilson.
1arrabee & Co.. Boston Dry Goods Union, Brad
ford Thomas q Co.. and Farley. Harvey & Co.
srha Philadelphia
uoward Warner & Co. Hall. Sawyer Glase & Co.
T z McMullen & Co.. j. II. Long & Co, and Hood.
roulkrod e. Co. From San Francisco there We're
Kohlberg Strauss. Froman & Co.. Hale Bros d Co..
vurphv Grant & Co.. and Levi Strauss & Co. In
edition to these there representatives of the
houses of Louis Silk a. Co. and Bamberger. Bloom
6 Co. OF Louisville; Arbuthno:. Stephenson & CO..
of Pttsburg \. X. Burnham Co.. of Detroit. and
Strauss Brothers of Baltimore
The sale began promptly al 10 o'clock and started
M with a rush 900 bales being sold In the first ten
minutes The catal .gue included more than 200
nackages altogether in 6jl lots. which consisted OF
COO cases of Pepperell and Androscoggin wide
go,is sheetings, drills. corset jeans. satteens.
hsached shirtngs 300 trusses of American bags:
HUE red and fancy tickings blue. brown and fancy
denims cottonades. ducks. shirtngs cheviots and
o,is checks. The goods were from these mills:
Pspperen Manufacturing Company. Columbian Man
ufac,uring Company, Laconia Company. Otis Com
many Thorndike Company. Androscoggin. Warren.
.,o,on Palmer and Cords Mills and Boston Duck
Company.
The Pepperell and Constitution brown cottons
we're mostly secured by Western houses, anu brought
on an average 12ia cents. The average price III the
tckings was A. cents The average prices secured
were estimated 70 be from TO ~ per cent below
regular market values. and. by many who had
watched the sale carefully, was placed even closer
TO the selling price
Among the lots disposed Of in the afternoon sat-
droscoggin satteens. 5l4 TO 5as cents. and corset
leans 81 TO as cents. Denims ranged from AS TO
81, cents. and Androscoggin beached shirngs Went
amid exceptionally lively bidding, at 5as cents Much
of the OF the sale centred in these beacheu
lots, and everybody was prepared TO see theh'
create stir. Eight lots Of fifty cases esch were
sold rapidly, and when the last case had gone tnerr
was a burst of applause FOR Johh : '''''
The concluding lots of Otis checks. assortments TO
Be given 10 the buyer. were snapped up III es sT
sscH contanng nifty cases. and bidders stood on
chairs actually trmbled over one another in their
Efforts TO them at the price. cents. 49,,
C. wiimerdine.. Who was the auctioneer of
sy m0 Of seisGR Y Sarsha nf Fled
and Rice Silk Co. of New-fork B Shenord'
Norweh & CO. and the Boston Dry Goods Company
Prior to the sale yesterday it had been the opinion
~ many persons that the new elias shcation on Dry
The goods sold are at the mill centres and IT was
though, that nearly month wO9a b be Tesh ys
becomes operativ on January J. 1t was thonsh,
moreover that large Western buyers would be KEPT
away from the sale. that the goods would be dis,rb-
uted within limited territory. and would De IeIt Ior
il was rumored that the sellers were trying TO get
the classification committee to repeal their ac'i1i
and the market at first hands IN the lace 81 ,ne
new freight rates was b IN was pos
,yes Of Western firms. whom Tribune reporter
apprOached the SUBJECT, WITHOUT 'ANeP'io"
agreed that the classification had cut no par
tcuar figure in their calculations. There was sun
some time. they said. before the new rates be
came operatives: some believed that the difference
would not be unduly great between the new rates
and the old. and there were others VINO declarcu
that ii was by no means certain that the ne"
rates would be adopted All Of them believed that
The market would inevitably Improve The fact
that such a vast quantity Of goods had been us
posed Of in so short time was interpreted as "a
favorable augury for the future. The sale was
considered in this light also by some OF the larSe
commission houses of this city. Hubbard. Ilce
& Co I'm their cotton letter. last evening. sald
"Advices from the drygoods sale report an I'M
proyernent in the demand for goods at prices . 10
Il, per cent less than the asking prices or Inef-
chants previous 10 the sale. This Is considered d
satisfactory commencement OF the largest auction
sale OF cotton goods held In Newly ork. ana me
final result was awaited with great interest Al
though the prices low, the cost or the ra"
material is also low. and II is estimated by close
observers that at the prices paid to-day the manu-
facturer has nothing TO complain OF II ne buys ms
raw material at existing quotations: The kho"i-
edge OF the satisfactory progress or TINS sae mas
had much to do with the Improvement IN tie
market over yesterday. and it is noticeable that
there is less tendency to anticipate a further De
cline In the market, Notwithstanding the enor-
nous movement OF the crop"
Bliss Fabyan * 60. progressed themselves
abundantlv satisfied with the way the great sale
had gone Colonel Bliss was seen Tor "a rev mo
ments during the intermission at luncheon time,
and declared that the results were more IMAM