Evening journal., 1901-02-02
THE MARKETS
etter on Stocks, Cotton. Grain, Pro
visions
special to the Evening Journal

special to the Evening Journal.
.secial correspondence Evening Journal.
New York, Feb. 2.-rhe week in cotton
rs been especially interesting on account
Ii me nartiallv successful corner Of the
anuary position, and this manipulation
ae overshadowed the whole market, but
e are glad 10 say It Is now thlng OF
le past, and cotton Will now pc lnuu-
need by normal conditions, which az the
resent are exceedingly healthy. While
lffering many technical vicissitudes the
arket. although whimsical and varied,
as not recorded permanent price
.aange of moment being only eight points
wer than at the first of the week, and
bringing about this decline much sell
Tor both accounts has been indulged
so much in fact that the speculauVe
ng interest has been practically ehml-
ited and the short account sreauiy
ded to. ~,
The crop movement has been on lib
al scale. but consumption is keeping
zee with IT, so. that no weight Of actual
tton Is being felt and the Widespread
lief that receipts I'm February Will snow
eat losses in comparison to last year S
savy movement is restraining selling,
aking the short account an extremely
,rvous one and is adding confidence ana
ihereuts to the bull contingent. "he
,solute dictator Of prices, the spot sit
ition." can be described as excellent, re-
citing increasing demand. both domestic
id foreign, decreasing offers from hold
and higher prices South. NOtwith-
anding the movement TO this time has
ceeded last years by over 100000 bales,
q present visible supply is only 62,252
les larger Is this a straw that shows
1ich way the wind is blowing? Anyway
does away with the Illusion that con-
mpfon has radically decreased. and in
curing ON supply there Is an important
ctor not considered by the casual OBJ
rver of cotton. namely. No matter what
4 ocks are as shown By statistics same
we to be made available by being of
4 red for sale. and at the present moment
ttin is being tenaciOusly held for higher
| ices. while on the other hand our own
ms are practically bare OF raw material
rhe buying of tie few days has been OF
4 substantial character, ana ln view OF
healthy conditions Of speculative ac-
. UNITS which the decline has brought
out and the real strength Of cotton it,
IN as shown By its statistical position.
. can but advocate one side Of the mar
+ ana advise the purchase Of cotton.
s Securities have enjoyed, almost without
a ceptinn. am uninterrupted improvement
81 values during the present week under
.ady ANA persistent oulins. the most
ointment feature of which mas been the
. entry OF heavy banking interest. who
some time back have been contented
+ pursue am awaiting policy. viewing
#Jh complaccncy the desired setback
nm former price levels which the bears
q d weak-kneed holders ~ stocks had
q ,uaht about Noticipe az the iouer
& els that there were ne stocks being ot-
Fl ga and that an- attempt Of The shorte
Il cover resulted IN an advance, heavy
& wing from aforementioned source and
81 1er substantial interest has advanced
general market Thursday being the
81 ghtest market we have had for some
4 ne. as all issues participated in the
s leral btoyancy.
a he largely discussed st. Paul deal
q doh for some time has been govern