New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-18

PRICES FALL THEN BECOME sTRONG-TWO VIEWS
OF LOOKING AT THE POSSIBILITIES.

PRICES FALL THEN BECOME sTRONG-TWO VIEWS
or LOOKING AT The POSSIBILITIES.
war scare" passed over the cotton market
Yesterday, and John II. Inman appeared on the moor
about the time the scare did Mr. lnman 3 pres
ence the floor generally puts the brokers III
state Of trcpidation. They have vague leenns
that lot Of dynamite lying around loose some
vhere in the vicinity and liable to explode at any
moment There was heavy buying at one time by
a broker who is supposed 10 buy for MI. lhnlah'
The latter said to Tribune reporter, however
that he was not aware OF any buying by MS mouse
but that they had sold 800 bales for Atlanta Inc
market is in a rut" said Mr.. Inman. land when 1t
gets that way wait l do not trade all the time.
Men who trade all the time get stuck some time or
other. II II went down = of cent should De III
favor OF buying 1t. When cotton gets 10 o'2 cents
there must be some cause. for after all, the price
cuts some figure
The strong urdertone OF the market was apparent
yesterday both here and abroad Liverpool al.er
decling to 2-64d. closed at net gain OF l-e4d'
Spot sales there were bales. The improvement
in futures was said to be due to the strong status
teal position at Liverpool and a report tnat Mem
would issue a bullish circular to-day Our markee
opened points up further advanced points LEI"
points under the war scare, then rallied anu clo9eI
steady points net gain for the day. March closed
at S35 bid.
The second thought of the trade was that AFTER
ALL a war with England meant big price ior 'ne
present crop OF cotton. rather than 10" pilCe "
the present condition OF scarcity OF stocks ao'oau'
II was argued. England and the Continent "ou''
scramble for American cotton in the event. OF war
being threatened and their source OF supply Gu.
off Under this belief this market steadied' anu
Nev- Orleans the chief spot centre. closed three
noints over Monday II Liverpool thinks the same
NAV about the war scare" there IL likely 70 DE-
seen some pyrotechnics In cotton yet before He
holidays. ....
REGENTS continue to run light. Port receipts YES
tenlav were 1900 bales against 62ti last year anu
"a SIS in 1893 when the crop was h0Vo" Daes'
Memphis got 2sl7 bales against DID last year
Augusta 294 against 2.l02 Cincinnati lS~ as"I7l
s052 and Houston l4l49 against illus fast year
Houston expects to-day 5000 again lo'lf las
year and New-Orleans 1000 TO lZVVV asaAhS' Ho''
las, year and 1000 last week
julius Runge. ex-president OF the GdEesto" Co,-
,or rvcbonee was on the floor He said me, maxi
r,nr, estimate OF the Texas crop was 10000 bales
A. ppnge is bulush now it j. said after being
bearish on the big rise that cum-hal'u !"
cron news from the south yesterday contained the
following: -
Xev-Orleans Dec l7.-Ofcial figures Texas = ~
~ y ailroad lst inst sixty-siX stations, man
amount at stations 300; IN the t0",i9' h- "a,
pected for balance OF season 0oD ,,,f ~ stations
en-. -, ~ tbe towns ZOO expected for balance o
season 1900 Total al stations III ne iDG nrar
b o nalas Fort Worth. Austin. calvert Na.a-
nota Rryan Corscana and other important .o" d
Texas Central Railroad Is the heaviest tI,,s
rier in the State. on the assumption tnat nhont
!let ,iies ~ ner cent OF the Texas crop, aDoue
900 CsO bales into sight up 10 o,h, railroad
therefore difficult TO see now psIes on their
systems u !, urouId be necessary for them 10 nave
- an ordsr 70 make the Texas crop lI9VW Da'eS'