New-York tribune., 1896-01-08
AGAIN ( WAR SCARE.
COTTON. LIKE OTHER MARKETS. CONTEND
ING WITH THE PERIODICAL PHAN-
TOM FROM EUROPE

The strong clear and convincing circular Of Henry
NJ Nein printed in yesterdays Tribune. held the
cotton markets of America and Europe STEADY lor
the greater part of yesterday. while the hoogopLh
talk OF war and financial bills was running riot
through the brains OF the bears in stocks ana the
columns OF sensational newspapers Mr. Neil' Win
a reputation built up by lfe's study OF cotton
vh,ge home Is I'm the greatest cotton port In the
world now at this late day. when three-quarterS OF
the crop has been marketed reiterates MS estimate
OF CROP not ,eeding 6.50O01O bales and saws uat
unless the present rate of consumption Is checKei
there will be an absolute exhaustion OF aVa'iaole
supplies OF cotton in the world before October !.
The seriousness OF the situation thus predicted by
an expert whose opinions British spinners have
greater resnect than for any other mans, d.d not
have ita full effect the cotton markets yestor-
day. because the markets were undergoing COM
mon experience lately-aboring with war scare
These war scares" have bob5ed up 50 many times
lately that they are becoming somewha; stale as
matchmaking factor First Turkey was worked
to 'ha limit: then Venezuela, and now IL is tHs-
land and Germany. Thty hii by like shadows
over streaius'
Boz whie serious thourht cf war anywhere Is
r.dicued ana credited by 10 one. it is cons iored
ouie me proper thrg for the market to decline
ear w. ls TIL the storm takes ITS "s"1' course
ard blows ov.: Unlcr this inAunnrc cotton de-
cucd late ~ the session yesterday 20 points In iAis
marx Liverpool near 'he cen.rc -. war actv-
ity." only deelu.a pc.ufs. 't. S'n'n nir<.; WIS
uorvous agI nn-ei'iel. 'nd 'lefo VAS more God
o,rac,I for s! .rncut. b.t. -l far boar! from,
r.. a einc'e nill anywhere n Europe or An uca
err.aii.l .ts production > $50 mNrH ~ Il hSIe
sn.rtic on ,he contrart. frtf't'S FIX" iAcse
Atlanta. o.. Jan. The Wnlrcr Cotton NNl, on
IT,. ..aft4hn0.lte River. hear Atlanta, va, put ~
o.rrafi,n ysstcrds y morning Its total cost vas
t,h~ns Ala. Jan 7.-presidert Lane. Of thc Cot
fou G.awor. Association. has issue. a ca't Tor a
convention e cotton grower to meet IN Nnnplis
on January u. 70 take action toward re'h'lhS the
aclras" THIS season
BOARD Of II 1de meeting to-day ir"oised the res
olriion OF the Memphis Exchange URGING l"duc-
fion II cotton acreage. AMI advising larm' RS TO
raise food crops at nom. instead o. '"U.h. r,
Waco TeS Jan r. -Itcidguartcis Of tn" ToHas
branch Of nc cotton Growers A-sr'ifil"H nave
been oneneI here 10 make carly start toward
koepirr down the cotton acreage aNu lhiuclhS
farmers 20 plant iood crops
Plenty of men on the 1oor Of the Ncw-Tork Cotton
Exchange said that 'hcse dispatches wcr" more
srriecant as - the price OF cotton nest fall than
Tin. f,rae-v.orn ana 'hreadhare "war scare"
March cotton closed at >sl on ~" N'w-York COT
ton Fxchunrc. Manchester bought loep bales of
spot cotton. Exports for the day were 3o6' bales.
phrc noft receipts were only 9j.Jri nal"s against
- 'qi Il, ID 1.ar and 2spD I'm is9f Interior receipts
were fully light enough TO Justify Ar N"'lIs crop
estimate of 6.JuyD bales. Augusta got ~ bales.
ngrin-t Ni last year. Memphis. $50 bales, against
lsn. ~, Louis ~ bales against '12 Cinc .nnaii.
AZ bales. against 5fs,, and Houston. @"" haies
against Joss Houston expects to-day f'l ldi"s,
against ff1s last year. EeW-orcons expects NV~
frequently pointed out. New-Orleans receipts a."
nrrlfs criterion. that port iF getting cotton
that went 20 Galveston ln4' ye9i
The spot markets were duh. md i-l5 90 : lo""r