The St. Louis Republic., 1904-12-16
MODERATE SELLING PRESSURE
FORCES COTTON TO DECLINE.
VOLUME OF TRADING is OF
SMALL PROPORTIONS.
Some Ginners Refuse to Furnish
Figures to Cersns Bureau, and
May Cause Trouble.
RFPTEI.rc' SprCIa1.

New York Dec IA new influence has
entered the cotton market In the form n
rerGsal on the part OF zinners TO furnish
TO he Census Bureau specific Information
of the amo unt of cotton ginned TO Decern-
her 10. and this makes It possible that the
ginning report TO be issued by the Cen
sus Bureau win be incomplete. ard there
fore vaiue!css for comparative purposes.
This. in turn. will keep traders que : NJ
as to the actual amount sirusd and the
probable Yield. There has been much crit
iclsm OF the last report made by the bu-
reau. ard II is openly Charge that the
totals are excessive and point to q lar
ger crop than Will he realized
The volume OF trading in the market to-
day was Of small prcpcr,io but the mar
ket was unGer moderate selling pressure
duFine the greater uart Of the day with
Inc result that prices went down from 6
10 points. with no apparen. disposition
on the part Of the talent TO work for
raiIy Liverpool cane heavy and dIsap-
pointing and this Influenced some at the
opening here.
The indications do rot hold ont promise
Tor anything better than a narrow protes-
signa! tradins market for the time being.
ne market was quIe; and rather heavy
N the iate trading. but there was little
disposition to sell cotton around the low
.tvei. ana any STRENGTH in Liverpool in
snort covering In this market. Spot cot
ton in this market declined Is points to the
basis of cents for EliddIing
RECESSION AT NEW ORLEANS
REPUBLIC SPECIAL.
New Orleans. Dec. l5.-The Times
Democrat In its summary Of the cotton
situation will say tomorrow
An Ill wind blew ringward yesterday
ana the cotton market turned SICK to the
tune OF l5-point recession. The bears
dus up a pessimIstic ramor for their Of
lehsiye weapon and as the rurnor touched
tne vital strength Of the defense Il proved
good enough for the purpose. The story
got TO Ne" York that the farmer had
weakened. Investigation failed to us
cover any such condition of affairs in
isolated case or two. but the damage had
been done for the bear los, no tine in
utilizing the original canard for all he
couid get out of 1t. In this he was n'ded
failures and to a larger extent by
weaker tone in the s5ot market.
In the final analysis the bear has
practically every market influence on his
FARMER, and just now the latter's at
titude iy alone the pr.ce-sustaining fac
tor. Just so Ions 7G the owners OF the
actual stun maintain bold and solid
in the ranks viii again place the bears
In full possession Of the field
Meanwhile the waiting attitude Of the
spinner is not filing the farmers sails
and his ship Of hope is pretty nearly be-
The first OF the year and settlement
day are nearing. and the views of the
barker on rediscounts must then be reck-
oned with. AT best. the holders row is not
an easy row to hce. and no man knows
ton into yarn.
THE talent generally Is attaching more
than ordinary importance to the coming
Census Bureau report of cotton ginned
up to December 13. as both Of the fac
to- nNn"'- D." shed sattn'te | 9h- on
the Governments big estimate. Opinion
.ather favors the bearish contention on
this score"