New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-19
COTTON ON A LOWER LEVEL.
THE WAR SCARE" DESTROYS THE EFFECT OF
LIGHT RECEIPTS AND GOOD DEMAND

THE .wAR SCARE" DESTROYS THE EFFECT OF
LIGHT RECEIPTS AND GOOD DEMAND.
The ..war scare" still oppressed the cotton mar
Ike, Yesterday and this alone. II Is believed
kept cotton from advancing. chicago hoiuers' II
was said. had become frightened over the prospect
OF war and sold in this market in the AFTERNOON
QUITE heavily The strength OF the market asserted
itself however under this strain. The offerings
were all taken quickly and the closing prices were
steady at nearly the opening figures OF the day'
but s to points below Tuesdays finas ABOUT ZooV
bales were sold in one lot on the curb at By Tor
March Everything in sight of legitimate nature
was bush Port receipts were 5000 bales. against
A. oo bales last wear and 1900 bales in 1892 when
the crop was 100000 bales. Interior receipts were
running about two-thirds Of last years Secretary
Herters semi-weekly interior figures showed re-
ceipts OF 5000 bales. against l2oOU last year s"o
bales in 1893 and 81 coo bales in 1892 NELL estimated
that the worlds consumption Of American would
be 100000 bales and that the maximum crop
will be 100000 bales NELL added that unless
high price should check consumption the supply
would be short
Those who hoped TO get a line on how Liverpool
thought war would affect prices were unable to
reach conclusion. That market opened 1-6id up,
with SPOT sales increased TO 1900 bales. Subse-
ouently the improvement was lost and 2-Gid be-
sides The readiness with which the sales OF cot
ton were absorbed in the final trading In the local
market showed that plenty Of traders thought war
War would deter the farmer. they said, from
putting out big crop next year. but II would make
The gathered and baled crop Of very great value To
show how strong was this feeling it need only be
said that when 1900 bales were pumped on the
curb the market took II all without break at
s29c for March. II is still too early to say which
way II is going. but 1t is generally believed that
cotton is about TO emerge from the "rut' 1t has
been In for some time. $3.50
Exports Yesterday were 10000 bales, 1000 bales
r,ov, than the port receipts Port receipts for the
Nv days of the week 10000 bales behind last
week. ,
IL is noteworthy that the veteran and aggressive
bear element on the Cotton Exchange, the Germans,
are attempting any characteristic raids on this
Price Mccormack e. Co.. Atwood Violet & Co.
and MCINTYRE & Wardwe sold. and Hubbard
Brothers and Henry Hentz were conspicuous buy
ers. , =,
There is considerable amount OF January IN
terest uniqulated which will be forced out on the
9th. when notices are rendered The Memphis
Scimitar" says . 49, 800
A Texas dispatch said the cottonseed oil mills this
year Will run only three months. The usuaI season
is seven months.
Many cotton producers have portion OF their
crop left unsod after settling their yearly accounts.
owing to the extreme economy that they have exer-
been marketed. Spinners will fnd the stories about
large amounts of cotton held out of the market
in the interior only fairy tales, and the prob
ability is that they will have to pay more rather
than less for cotton the winter passes. In some
localities producers have already sold s. or %
per cent. of their crop. and others have marketed
every bale gnned.''