New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-07
TIIY TO STAY HERE.
alton DECLINES on On
,utercsts UndismGyed and Con-
sseut Of a Coming Upturn.

-to.s OF cotton futures con-
Ths oe1'..'. .-,re,s Yesterday. but az the close
-Ssd " o week the leading local buA N
fie - themselves unoismayeG bnO
ISIS -. sr upturn would be witnessed IA
srtoen' &c The declines have been recOiu
pear ~. March option on Monday peloie
raks e,,Ilv,s intention TO 60 on a Na0s'ioi'
5lnisl . - ..ss announced. sold as hlgh as
q ssiurs-, sa,, !, touched 1917. a maximum
10 s27 points. or SIC % a bale iie 80 -
ssl -s.cbed l7.46 cents on Monu@s' - -.
Tai'l -. a. 1897. 349 points down. repiese-s
LINE OF s17 - bale. ne 'u-s
10 y S on Monday and 1870 80
bsiN',- . ~ s57 points. or So 10 pare
tne1e :, these conditions It did hot ereS'ly
u w" -. street TO learn little at'er nom
surHs .,a. Mr. Sullv had abandoneo ms
yesie'u'. .,D 20 Palm Beach. lie salo 'A'el
praecs. a nos decided on the change OF pian
hat y .,.,ocl, and that he had not gwen Up
Until A' 81 nm, had only postponed il. ASKED
be - go cancelled his arrangements 1Oi '--e
Why DC ~. answered cheerfully: "Ico many
ZIP NJ =. market Too many people nave
shorts - -,snective going" And Win that
500 % hack into his private once.
B. h&'sI ,reak IN Liverpool from winch
A 49,. ,,-,ces had been expected; threat
emu from the Far East heavy es'liii"'eu
ening nv baa-ish visible supply statement
reoeilN -. ,,crease the aggressiveness OF me
commune .-..+e-say. The New-Nork market
lecal -, a. a loss ranging from 40 points
opeiIeu - :, noints for July which had oeeh
,..-s,ssd TO - TO I6 points Oh ~. ,..,.,,
-,bs before the call was COM
-, ceiling as low as lSse May d ~ 80
.140S A not incoHsiderapie pai' "a '-0
- ,or,e from operators VINO ilau 81
-. .-,,,, l. cents dowr, but VINO hau 10
-. =, the belief that bottom prices Hau
Lea After the CALL prices ralleo ie"
W. ,ho botton1. on covering. but every
P'N',' - .rournt out fresh pressure ana
SIM .,,,ss very feverish and Irregular
IT - orleans market opened al decline
:, 90 :, 20 minis and there was little sign OF
-. o-losns bu,ing in the local market. Trad
,,p after the call was only moderately ac'iNe,
r.,er Nav-Orleans became hrruer ana COW
.-,,g movement set in here. which. IN conhecloh
With local and Southern bun support rallleo the
-o-ke, about 20 TO - points. Suiy IN person
A4sss,r an rr,ces Oh the floor. The advance
-, bss,-v selling. however chiefly from outside
.ourcee and in the late trading the market was
weak beife finally easy AT a net decline OF q" 20
81 poiuts The closing prices were pracucaiiy
,bs lowest with Julv quoted ~ 1890. The
sales were ee-irasted at 2oo,Ho bales.
The leading bun houses say that the selling OF
the last tvro davs ra" been principally snort
selling. ana that the break az New-orleans ID
y-s,e-day's lase trading wos "a proof o. their
contention. rs the New-Orleans bears took
advantage If the difference OF time between the
.uo cities % rraEr their fnal drive after the
Neu-York Cotton Exchange had closed Tor the
DAY Futures are based on spots. The bulls
po,r. out. and 3D. Jhe relative strength 81 spot
co.-on as ,olnI area with The recent course OF
contracts for future delivery. they find their
,rst.-ic. on Cor ,Ee faith that The bears are eK-
&C. iuE ne Iiaiis ~ safety in thc current move
r.,--t A-NOn6. AlpIatt 4 90. yesterday received
fl,.rrs frofn in 1o~tanf houses In New-Orleans
ff-t f.orc is lttlc or no spot cotton for sale al
tsy = .o ~ t'-e present one II their dispatches
f-or, .ts eot'ta-a s.at centre reading. Move
E...f., fCr- .r ore factors not TO offer spot
,a-,c0 aC-e ta.- signed agreement already.
Wm18 le good .Nampie for other markets TO
g. oA
l-.a.e eLv-cls 20 other Eew-York houses
Yesterday rrTo.tCd az increasing demand from
- ."C-e b. .,-orlor points.