New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-18
RUMORS AFFECT COTTON.
THE FLUCTUATIONS SHARP AND FIRE.
QUENT

HEAVY SELLING IN LIVERPOOL BREAKS THE
observation-disclosures DENIES THAT IT WAS
FOR THE SOUTHERN BULLS
Cotton fluctuations were rapid and frequent again
Yesterday making the ideal market OF the scaiper'
The swing Of prices was nearly twenty p'i''''
January closed at 927 bid. after selling between
ga, and GIG This market and Liverpool both
onered higher but heavy selling In Liverpool al
legged TO be for American account broke that mar
ket equal 10 is American points, and the American
markets followed suit. This selling In LVerpooi
was alleged TO be for the New-Orleans Dull syhdi-
cate and the story that the New-Oreans bulls
were selling out, which has been started several
times during the great rise in cotton spread far and
wide As on previous occasions. however, the
story was denied. the bull leader In New-orieans
sending this emphatic telegram here;
New-Orleans oct 17-Say for me such state
ments are absolute lies: that any individual who
viii admit his authorship is a liar; that October Is
not busted There Is not ana never was a ros
simply wanted 10 prevent certain people depressing
the market.
This emphatic denial rallied the market. and the
close was II m At TO points over wednesday
New-Oreans sold nearly all day over this market
and January contracts there closed higher than
here Contracts from October TO January inclusive
xyere a. follows: New-York OBSERVATION-DISCLOSURES
e1,de1G: November 9.14a9.l5 December, 92Oq32l;
January 927a9.2S. New-Orleans quotations are re-
snectvely as follows: S.25, 9.23 927 and 9.8 This
indicated that the spot markets In the southwest
must be relatively higher than at New-Orleans
The receipts of cotton in the Southwest continue
on a diminishing scale. Galveston got 81" naies'
against 1900 last year Houston got 7ls. against
IA 26O las. veal Total port receipts yesterday were
5000 bales against 1900 last year
II was suggested that the heavy American selling
in Iiverpoo might be for some big short, who Is
irving IN this way stop the advance.
Betting and offering of bets having been prohioted
Ney FORK
leans bulls have been restricted to their local ex-
change where 1t is understood their leader yester-
day offered to wager $4,000 even against o,eo"V
CROP and g 900 to 5000 that the crop Is under t5oo
OGJ bales $3.50 TO $1,000 that Texas itsef produces
under 900 bales S. for the privilege OF betting
Iune that the crop Is under 100000 bales. II was
said that but for the prohibition OF the New-York
Cotton Exchange the bulls there stood ready 10
offer these bets to the New-York bears
In regard to Nelrs latest circular, New-Oreans
dispatch said:
Neil estimates crop $4,000 maximum. stating II is
in1nossibie vet TO determine extent OF damage by boil
worm rust, drouth. premature opening and killing
frost sth and 9Th inst
These crop dispatches. among others, came "o'''
the cotton belt yesterday:
New-Orleans oct. 17.-Fgures based on Texas rail-
way managers reports indicate that one-half the
Texas crop will be in sight on November J; Inc
amount in sight then will be about $4,000 bales
picking and sold their last bale; congresses running
Ralf.ime,, -. - s,.u,u,., g. - have o,s.
patch from their Dallas house saying that receipts
| al all towns in North Texas Will be very small this
| week. ,,,,
Dallas Tex Oct. l7.-Crop prospects are decided
y Jess favorable. Picking VII be over In about o ut
fourteen days An estimate Of the crop Is 175OcoO
nc Gaiveston oct i6-Raiway men interviewed here.
and consensus opinion is that the Texas crop Is
40 to 80 per cent short; Farmers not h2dinG back
cotton but rushing IL In they predict tnat the en-
tire Texas crop will be marketed by December 10
Paris. Tex, Oct. HIReports from one h H.a
| Texas Won't ship over one-third Of last years
| amount.