New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-02
4 REACTION IN COTTON.

HEAVY SELLING BREAKS THE MARKET SHARPLY
WAITING FOR THE BUREAU REPORT.
black cloud overspread the roseate sky Of the
bulls in cotton yesterday. and under an immense
volume OF realizing sales and sales TO stop losses
prices were knocked down IS points below the final
figures or Monday and % below the highest of the
day The trading enormous. 423 600 bales being
dealt in The bearsh movement was started by
lower quotations In Liverpool than were thought
commensurate with the big rise here on Monday.
Mr. Sarsock. the Syrian operator. was reported
seller In Liverpool Receipts at the ports were
heavy. 1850 against 5000 last year and the frost
wave apparently passed over the cotton belt without
doing material injury The downward movement.
once begun was accelerated by bear raids TO reach
stop-oss orders January closed at $50 the bottom.
Liverpool Wall Street, Chicago and the Continent
sold Everybody sold. There were heavy deliveries
on conracts-over II 900 bales Spot cotton was l-l6
cent lower
Despite the slump the confidence OF the New
Orleans bulls In higher prices and short crop re-
mains mistaken The chief bull OF that city wagered
5000 with three members Of the New-York Elk
change that the crop will not reach $4,000 bales
The crop news continued unfavorable. The Texas
Bureau. II IL said makes the top crop OF that State
a total failure The Bureau report will be found
below. Private adyices included the following;
Raleigh. y c.. Sept. %.--The drouth continues all
the state. and all reports received here are 70
the effect that the cotton is injured 81 per cent
this month. Such rapid opening was never before
known. At the State farms the Roanoke River
bottoms. where ten days ago only ten bales were
Little Rock, Ark. oct i-Condition between Paris,
Tex. and Little Rock alarming. Fields red. Five
New-Orleans oct. Lake Providence Qa) special
to Times Democrat" says worms have completely
special to THE Plcayune' says have created
Raleigh, n G.. Oct. i.-Kllling frost here and ice
formed in this section last night 49,,
Cat Springs. Tex, Oct Crop very short
last
Hutto. Texas reports greater portion OF the crop
New-Oreans oct. Amy reports OF October set
Elements here are falsehoods.
Comments Of cotton houses on the situation as
follows.
Until the Bureau report IS announced on the 10th
inst. likely to have feverish market gov
erned principally by the action or LiverpooL-Prce,
Mccormick x Co
the official statement to be made by the Government
the 10th inst. regards the condition or the
cause must confirm al that mas been sail not only
by individuals throughout the South, but by the
deterioration as mas occurred in September will
prove to have never been equalled within the same
expected by those who have given much attention 70
the crop that the coming report VIII show condi-
month. and such figure. II accepted by the cotton
world generally. would mean a crop so small in size
This "ron cannot realize 6J1eo bales and we are
confident the Bureau will indicate 1t TO be less than
6OoOOO0.-Atwood Violet & Co.
Washington. oct. THE Weather Bureaus
weekly review says OF the condition OF cotton:
North Carolna-Drouth unabated njuring cot
ton.
South Carollna-Weather favorable FOR picking
cotton but drouth has cut Off top crop largely.
Georga-Cotton opening and picking in progress.
Flor!da-Excellent week for harvesting cotton;
deficient moisture.
Alabama-Cotton about all open and Will be prac-
tically gathered By October %; rain needed.
Missssppi-Cotton all open in some localities and
cold weather fastening its maturity elsewhere:
continued dry weather.
Louisiana-CotOn picking progressing, and worms
continue their devastation
Texas-The weather has been favorable for cotton
nickIng EXCEPT over central and southwest por-
lions where rains have retarded work and slight
Is lowered the grade OF cotton; more rain Is
needed.
Arkansas-Cotton condition about the same az .as;
week.
Tennessee-Cotton shortened by drouth; picking
we'll advanced