New-York tribune., 1905-07-09

son report until after he should have had oppor-
tunty to the full of that document.
tenting himself for the present with general de-
NAL OF all allegations inferences that he had
been in any way involved in the negotiations for
manipulation Of the cotton figures. Mr.. PecAham
added that he had in the past had business deal
ings with Van Ripper which had turned out in
such a way 10 make it likely that he would
continue to have business relations with him.
PREVIOUS CHARGES OF LEAKS"
This is by no means the first time that charges
have been made of cotton leak" As far back
December 1900 Frank B. Guest one of the
best known members of the New-York Cotton Ex-
change. informed s. T. Hubbard the president of
the exchange that offer had been made to SCI
him advance information on the cotton crop
port the would-be seller having shown him let
ter written Department of Agriculture paper
and having in other ways convinced Mr.. Guest that
he could rallly deliver the goods An investi
cation made but nothing came of it, An
other instance occurred in December. 1893. when
prominent. members Of the Cotton Exchange were
quoted rs declaring that certain persons had re-
ceived advance information. Mr. Hubbard at the
time referred to the fact that in his presidency it
had been suspected that government crop report
had been known by outsiders before the depart
ment made IL public Detectives had been en-
poyed by the Cotton Exchange, who had traced
the responsibility to one Of the clerks Of the de-
partment. and Mr.. Hubbard had personally pre-
sented the proofs TO Secretary Wilson, who had
offered to discharge the offender. The Cotton Ex-
change authorities. however. desired 10 go TO the
root of the evil, Mr.. Hubbard continued but the
Secretary did not favor public investigation, and
the matter dropped
In a dispatch from Washington on December s.
1862 Mr. Holmes the just dismissed assistant stat
istcian of the department then acting chief of the
Bureau of Statistics, quoted characteriznS
'aH nonsense" the assertions of members of the
New-York Cotton Exchange that there had been
leak in the report a day previously.
our arrangements are SUCH he added, that a
leak OF the cotton report from this bureau is
impossibitty. No human being know what the
government report Is until very the time of
its issuance. In this case the report computed
IN this room by Mr.. White and myself. and neither
OF us knew what IL would be before 10 O'Clock
Earlier than that could have made an ap-
Proclamation. After our conclusion had been reached
neither of us left the room until few minutes
before u CLOCK, when took IL Willis L. Moore
the Acting Secretary, for his signature. II was
then turned in to our telegrapher u exactly
noon"
EXCITEMENT IN LOCAL MARKET
The cotton market was excited yesterday fiuetua-
tions being violent and transactions reaching 100000
bales for the two hour session. Closing on Friday
at 101 cents, October contracts sold as low as 10 ~
cents at the opening yesterday and before the close
had rallied to 1880 cents. advance from the low
est of about 81 So bale The weak opening was in
response TO lower cables talk of increased Offering
OF spot cotton in the South and apprehension that
developments in the investigation of the alleged r-
regularity in the government bureau would expose
something discreditable TO July condition figures
The rally was heavy rain in the western belt
ana the market ruled particularly firm after the
publication of the department statement as to the
outcome of the recent investigation The closing
was nrIn. at net advance of 6 to 70 points COM
paIlhs with an opening decline Of Il to 2S points