The sun., 1904-12-06
HEAD DPUNCHED EDASCOTTON FELL
CASTLES OF NEW ORLEANS HITS
CHEW or TEXAS.

Tip on Cotton Went Wrong. and somebody
Had to Die or Something-Mr. Chew.
Got the Worst of It-Pit Too Wild
Over Money to Bother About Blood.
In the midst Of the excitement on the Cot
ton Exchange yesterday morning, while
cotton was dropping some$2 so bale, two
members Of the exchange, B. 8. Castles, OF
New Orleans, a brother Of President Castles
Of the Guaranty Trust Company OF this
city, and j. j. Chew, both Southerners.
got into dispute which resulted in hand
to hand encounter In one corner OF the
exchange. Mr.. Chew came of second best,
receiving several cuts on his face from the
glasses no wore which the fists of Mr.. Castle
broke.
Both contestants, who are men OF wealth
and well known on the exchange, agree
that the trouble arose from the giving OF
information which was used for market
operations Mr. Chew said that on Friday
last he received an intimation that the
Government crop report would show over
100000 bales Of cotton. He said he told
this to Mr. Castles, who traded upon the
news and made money and came to him on
Saturday after the big drop in the market
and thanked him for the tip, saying he
had made money on it. Mr.. Chew said
that he replied jokingly to Castles:
That's more than l can say of any in
formation you ever gave me-
Mr.. Chew declares that Castles came up
TO him on the exchange yesterday morning
and said he didn't like what had been said
to him on Saturday and was never going
to speak to Chew again. and then chal-
lenged Chew to step outside and settle the
matter with fists. When they reached
the steps leading to William street Mr..
Castles hung back and when Chew asked
him If he was coming or il he was coward
Mr.. Castles struck him.
Mr. Castles's story tallies with that Of
Mr.. Chew so far as the episode on Saturday
is concerned, and Mr. Castles added yester-
day that the information he had given
Mr.. Chew, which the latter complained
about, was that Theodore Price had turned
a bull on cotton while in reality he was a
bear. This information, Mr.. Castles says,
cost Mr.. Chew, according to his own state
ment. $500, while 1t cost Castles So 900
He says that on Saturday Mr.. Chew init
mated that Castles had given him this in
formation without believing in it himself
So he went up to Mr.. Chew in the ring yes
terday morning after thinking the matter
over, to get an explanation;
yesterday, that ! didn't want to talk to
him any more, but he got mad before
could finish the statement. which was to the
effect that meant l didn't want to talk
TO him about market operations, not social
matters. When he had finished his trading
in the ring tapped him on the shoulder
and asked him to come over to one side and
explain, meaning everything to be friendly
myself but he practically said that had
misled him and when denied this he got
nd
Come along out, and we'll settle this on the
street stopped at the top step Of the
steps leading TO the street to try to argue
the thing further with him In friendly
way, and then, he said some absurd thing
about one or the other of us having to die,
and called me coward, and as he started
up the steps for me / saw his hand swing
back in the way mans hand does in the
South when he reaches for gun. And
then smashed him, and don't think I'm
whole affair. of course
Ere conflict created great deal OF talk
on the exchange, where 1t was thought the
incident would probably be taken up by
the governors Both Mr.. Castles and
Mr.. Cnew are well known men in the South,
the one coming from New Orleans and the
other from junction City, Tex: Mr.. Cas-
ties makes his headquarters in this city
with Parker d Co, and is big trader on the
floor having been associated with W. L.
Brown Of New Orleans in the last big bull
movement in cotton. Mr. Chew spends
several months in the year in this city trad
ing on the exchange for his own account,
but has no Office here.
The actual fight between the two men
was witnessed by very few Of the members,
because at the moment prices were drop
ping about as rapidly as they did on Sat
urday and the pit was wild with excite
ment. Prices Of most of the options fell
about rs far as they did on Saturday, some
- Al N hal oil rnt,n1 rnakipp a dror nf
sl2 a bale within comparatively few days.