Pine Bluff daily graphic., 1903-12-01
COT TON s BIC JUMP
SUDDEN ADVANCE MEANS LOSS
s OF MUCH MCNGY TO
e MANY.
HsE449s#
Meavy Falling OF in Receipts of Cot
IL ton in Arkansas Cities for the
Past Week.
Past Week.
ANXIETY OVER GlNNERS' REPORT

4
sA big furry at Liverpool this morn
ng caused those of the local shippers
YhO had made heavy sales during the
jaSt week to Lose considerable money.
The Liverpool market opened on spot
Otton from II to II points higher
which means an advance of from 90 to
,4glpoints in the American markets.
Many of the local buyers have been
luying as much cotton as was obtain
lble at this season of the year, but
nAny of them have sold more than they
a1Te bought depending upon the re-
cefpts for the next week to fill their
Mders. To these men, the sudden ad-
Vince in prices means the loss of much
Money. But where some are placed in
Ne position of being bears on the
Market, more are "bulling' the prices
ND to them it means the making of
mere money.
M In futures the advance was even
more marked and Liverpool opened
g3rom 25 to 26 points higher which
Emeans an advance of from so to 81
points on the American exchanges. At
3one time during the mornings trans
factions the market at New York show
led an advance OF 81 points over the lew
sclosing mark of yesterday, the largest
zvears. The New Orleans market show
ed about the same response to the Liv-
Eerpool market as was shown in New
York, but not to such a great extent.
Big flurries were shown on both
markets and the excitement was in
itense, the fight between the "bulls and
sbears' meaning the loss Or gain Of
smany thousands of dollars.
The receipts of cotton at all the ship
sping points in Arkansas have fallen off
Enearly 33 1-3 per cent during the past
week and many of The buyers are at
Floss to account for this except that
Sthey seem to think the farmers and
planters have expected just such
Sweather as this and have been devot-
ling all their attention to the picking Of
#the product rather than having it gin
med. If this is the case, many of the
planters will get yet higher price.
sOne of the results of the shortness is
that it leaves the buyer in serious
doubt as to just how much cotton to
Sell as he does not know how much he
will be able to buy to fill his orders.
The next ginner's report cf the gov
lernment is being watched for with
great interest by the cotton men
throughout the world. 1t will be issu-
|ed tomorrow and will be the last and
|by far the most important of the year.
Pm this report every branch of the
business is relying for definite informa-
@31cn as to the size of the American
3rop. England, Germany anu Egypt
3re already cabling for forecasts and
Ore on the watch. They realize that
is work that few, if any, cf the ma
ions of the world but America would
Undertake. Much on the success of the
Ian for it is new departure and much
Wepends upon it for the successful
Rndling of the cotton crop. The gin
er's report will include the number of
ales ginned by each and every gin
the south, no matter how small or
oW large and for this the government
.4opes to get a more accurate state
eht OF the crop than in previous years
b. nen the reports were sent in from all
ctlons Of the country and varied wide
IN their estimate.
x Inc spinner will know whether to
~ at once or wait for better mar
T. and the producer will know wheth-
10 Sell at once Or wait for better
afSee The report will help g steady