Omaha daily bee., 1895-10-19
COTTON MARKET CORNERED
New Orleans Operators Have Control Of
All the Early Deliveries.
SPlNNERS REFRAIN FROM BUYING
Falling on of Exports and Increase
of Imports Caused Renewed
Fears of Gold Expectation
Prospects of n Change.

NEW YORK, oct. 1s.--R. G. Dun & Co.'S
Weekly Review of Trade. which issues to-
morrow, will say: The events of the week
are promising in general. though the specula-
tive markets are not encouraging. The
great advance in cotton had arrested ex-
ports and so deranged exchanges that ship
ments of gold were for time apprehended,
but the break in the market indicates that
the natural movement Of the product may
soon be restored. The halting of demand
and moderate yielding of prices in the great
industrial markets show season of
reasonable attention to natural con-
ditions has arrived. The cotton market
has been partly cornered for early delivery by a
New Orleans operator and his followers, It has
been twice In not distant years by Liverpool
SPECTATORS. Spnners here and abroad with much
unanimity refrain from buying largely at current
quotations Until the price reeedes far enough
to bring out liberal supply of cotton bills there
will be possibility OF gold exports. for other
merchandise exports are small from New York,
for two weeks being 10 per cent less than last
year, with imports n2the two weeks OF October 20
per cent larger than last year. In September
53S per cent larger than last year.
Wheat does not 20 out freely and the attempt
to advance prices Monday followed by
an immediate decline The Atlantic exports. -four
included, have been in the past three weeks 555S- :
45j bushels, against 72iS III bushels last year. and
the big shipments from Russia and Of late from
Argentina show that the world is not Obliged to
pay Atlantic prices for American wheat. West
ern receipts for the week remarkably large,
Z 1888 900 bushels, and for three weeks 81 63S, ,g17
bushels. against II 01l 26i bushels last year. The
rush Of wheat to market and the largest output
of flour ever known at Minneapolis are not evil
dences OF great shortage in yield, but the price
has changed only eighth for the week
Corn is stronger. without clear reason, for
while exports in three weeks 1876 S4 bushels.
against 2l6 TO3 bushels last year, but insignin-
cant fraction OF the great yield have been
disposed of.
The iron industry is still fully engaged old
orders. but business is scanty that many
of the works seeking IL at some ConcessiC ns
in price and large contracts have been made nj
SI5 to $3.50 for bridge plates quoted at S199 to 81
Quotations not lower, though good order
commands discount. Blets sell at S2l and
rods at s2s at Pittsburg. The wants Of business
in wire and nails continues. Mills have to com
pete in pig iron and other products with specu-
| lators who took large quantities on advancing
| prices, and actual consumption cannot be fairly
way.
| Textile manufacturers have strong market for
| materials to support them. hut scarcely any
| advance Is seen this week in cotton goods though
| the rise for the month has averaged Al per cent
and there seems such halt as appeared mon h
| ago in iron products. The price of some worsteds
! has been advanced because of advances abroad
| but IL is questionable ever how far the
market be held by domestic makers and
wooden manufacturers have to face not only for
eign competition but especial tendency of pop.
| wool 81 2O9 700 pounds at the three chief
markets. against 13 702 $40 pounds in 1898. greatly
| exceeding actual consumption.
| Failures for the week have been 263 in the
United States against 25S last year, and forty-siA
| in Canada against fOrty-three last year