New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-20
COTTON FEELS THE SHOCh.
A FURTHER FALL IN PRICES.
THE VENEZUELAN CRISIS AFFECTS COTTON IN
FAvoRABLY ABROAD-A MARKED SHRINK

THE VENEZUELAN CRISIS AFFECTS COTTON IN
FAvoRABI.Y ARRoAD-A MARKED SHRINK
AGE IN RECEIPTS HAS NO EFFECT.
The great shock felt by business interests
throughout England and this country by reason
of the Venezuelan crisis was too mucn Tor co'to"
yesterday which declined 10 10 Il points after MS
playing great weakness at times during the "a''
the lowest Of the day being points under the
close March closed at SIS. after ranging between
SIS and Sls On the curb 1t was point higher
The course OF tho market is a tremendous disap-
pointment to the trade generally for II was leit
that the shortage In the crop, growing more ap-
parent every day and the exceptionally good de-
mand for the American staple fully entitled cot
ton to be a cent a pound higher than II Is al pres
emit on the decline yesterday the biggest and
strongest houses in the trade bought quietly nut
steadily. such houses as 1nman, swami q Co. r'ai'i
Brothers Fatman. Schwarz Co and Henry
Hentz There was heavy liquidation by weak Out
slders. At times the floor of the Cotton Exchange
exhibited scenes of great excitement and mum
cradle passed through the crowd ABOUT III, me
feeling in Washington, London and Caracas In, Inc
London stock market ana the iINeIpooi- ~ 20
market displayed marked weakness. Ialk OF
heavy gold exports filled ne ar SaIu , VIZ d ue
clining in wheat and stocks on all Sizes anu d
veritabe panicky feeling was IN the ar I've. I've
rool sold only 1000 bales OF spots, and futures
thereby declined 3-64d. This view OF the stua,loh
by Liverpool the cue TO weak hoiders 70 IN
load here Reports showing starting innorsd IN ~
al prevailing feeling of uncertainty ana uheaslness
were made OF action OF the President IN precip-
itat.ng this question in such an acute FORM on
the country Just as everything here indicated a
great uplift in prices and splendid business re-
vvivai John H. Inman as win be seen in another
column expressed strong views on the subject
and said the Presidents message had cost cot'on-
holders Sl6O00OO up 10 the present
The Bombay weekly movement shows receipts s. OF
GA 90 bales against 1900 last year, and since Jan
nary / ls22 900 against $4,000 last year. Anoat,
IS 90 bales against 1000 last year. Shipments ioI
the week were nil against 1900 last year, ana
since January / s3s.Coo against SoS.c@ 90. ~.
AZ 03s last year For the week port receipts are
ia 900 against 1897 GS last week. ,...
Augusta received yesterday l,05S bales, against
24s5 last year; Memphis. 2.6s5 against IiSS last
year. ST Louis 5s5 against 2522. and Houston,
s 2q3 against s4& last year. Houston expects 10
dey 500 TO $500 against 1857 last year. Ihese
inferior receipts indicate small movement tnls
week spo. markets were dull and Is TO lis lower
almost nothing being sold In consequence or the
noiitical uncertainty. There were rumors that
another failure had occurred In Richmond, Va be-
cause of the decline IN cotton -
THE proposition TO make holiday OF December ~
was lost hy failure get the necessary two-thirds
vote In its favor oeooo -,