The Birmingham age-herald., 1903-05-28
From the New orIeans hi


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 w ] bly representing larger inter- ests in cotton than any other American, was on the floor of the exchange early yesterday morning for the first time in some days. MT. Brown returned from q trip to New York Sunday evening. Wheth- CT it was his appearance on the floor, or the reports received from New York and Liverpool that made the market advance yesterday, spectators would not say. York "bull;" while east he was d bull" and his return finds him one-one without ring in nose, yoke on neck or halter around horns.
 T am still at it." he said to report CT for the Times Democrat yesterday. T haven't the slightest fear of my posi- ton. Cotton is going higher, and l am continuing to buy"
 aHow long will 1t be before the top notch Is reaehed?"
 You might as we'll ask where that bird will alight," he replied, pointing to sparrow flying in the air near his win dow. The market is alright for me. I am bull still''
 MT. Brown denied that his visit east was for the purpose of compelling shorts in the market there to make settlement with him. Nor would he dis cuss his relations with MT. sullys the New England speculator. of whom 1t has been reported that he and MT Brown were at outs.
 "Concerning MT. Sully, you will have to excuse me from discussing him at all Under the circumstances, I can say nothin-," MT. Brown said.
 My campaign in the cotton market may be easily explained. Years ago when cotton was 4.75 I became a bull I believed then that the price was abnor- mally low. and I began my operations. That was in 1898. Not for single mo- ment since then have I believed my posi- ton a wrong one. I have stood in the pit and have been hammered but have not weakened. 1 am as sure now that cotton will further advance as I was confident in 1898 that it would go higher than~4 75.
 T should not be exactly termed the new bull leader" " he went on, since I am one of the oldest of bull operators in the market"
 Mr. Brown would not discuss the condi- ton of the "shorts." He said that he was
 looking out for himself-a bull" The bears could take care of themselves, as best they could.
 Speaking of New Orleans he declared that eventually this city would be the greatest cotton market in the world. Tn fact" he said. '1t ought to be so now. The port of New Orleans is better To- cated for distributing cotton than any other in America. The only thing that has kept this city from being one of the greatest speculative markets is the ab- sence of money; but the south is growing | richer daily, and the time Is close at hand when I predict New Orleans will not only be the greatest speculative mar ket in the world, but the greatest spot market"
 | Referring to the story that some of the eastern mills, on account of the high price | of cotton. had closed or were about to | close. he said he had read something of the sort, but he had placed no credence | in-the reports. The mills. he said. have | sold their output for months to come. | and therefore they must run in order to make good their contracts. It should be Remembered that 1t is not the mill owner | who is losing on cotton, but the middle man and the bear operator. Many spin ners bought supplies at prices lower thar