The Savannah morning news., 1903-02-10
NORDEN ON COTTON
RAPID ADVANCE IN PRICES THE
LAST FEW DAYS.
SPOTS STRONG AND ACTIVE.
PRESENT PRICES, HE SAYS, LIKELY
TO BE MAINTAINED.

Dir. Herman NOrden Regards Trade
Conditions Favorable and An
ticipntes no Material RecessiOns
in the Upward Trend of Prices.
Renewing old Acquaintances in
savannah, Where He spent His
First Days in This Countryside.
J. p. Williams on the Cotton Mar
ket.
Mr. Herman Norden of the cotton
commission firm of A. Norden & Co. of
New York. has been spending several
days in Savannah. He is accompanied
by Mrs. Norden, and while their visit is
for pleasure and many social attentions
have been shown them, he has still
found time to circulate among the cot
ton trade largely, among whom he en-
joys a wide acquaintance.
Mr.. Norden is attached to Savannah
because it was here he spent the first
years of his residence in this country.
During his stay he has visited quite
generally over the city, and found with
much satisfaction the many improve
ments which have been made since his
initial visit. His last visit was two
years ago, and even this time the
change in the surroundings impressed
him.
The evident attention being given
the squares and tree culture has beau
tilted the city wonderfully" he said. 1T
is noticeable that many new trees are
being planted At the same time ii is
regrettable that some of the old old ones
are being cut down, which would seem
to be a mistake, for they are ornaments
that should be preserved. / noticed the
absence of the old Wesley oak at Thun-
derbolt, which the woodman's ak has
feled. The beauty these forests give the
city should commend their preservation
unless there are imperative reasons for
their removal"
Being in close touch with the worlds
cotton markets Mr.. Norden has been
observing the movement of the market
since his departure from New York,
where his firm are large factors in the
daily dealings on the New York Cotton
Exchange. Asked as to present condi-
tons he said:
THE rapid advance of prices during
the last few days has been due mainly
to the activity in the spot trade. Spin
ners who have been inclined to large
crop estimates now realize that they
are deaIlng with q crop about the same
size as that of last year, and probably
less.
Again trade conditions here as well
as abroad being favorable, there is
every likelihood of present prices being
maintained, although reactions from
this level may naturally be expected"
Mr.. Nordens views as to present con-
ditions in the cotton market are In ac-
cord with those held by a number of
the local trade.
Mr.. I. P. Williams. former president
of the Savannah Cotton Exchange.
stated that he regards conditions as
bullish at the moment, due to the
strength of the spot markets. which is
the result of a legitimate demand for
actual supplies. He does not believe
the present rise is due in any way to
manipulation, but rather the natural
outcome of a realization on the part
of consumers that all of this crop will
go into consumption.
Il will not be surprised to see good
middling reach 10 to 1OA cents within
a short time" he said. THE export
movement continues large and that is
an evidence of the demand for the pro-
duct abroad"