The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1904-12-15
COTTON MARKET Is DULL,
WITH PRICES ADVANCING.
PROFESSIONAL BUYERS SUS-
TAIN QUOTATIONS..
Should Present Purchasers En-.
deav0r to Sell Ont. 1t Is Be
licved Recent Gains Would
BE Lost.


REPUBLIC Special.
New York. Dec. 1.-THE cotton market
was dull to-day. but firm, with prices
making 4 further advance OF about 10
points through the list from last nights
closing. thus making a total net advance
of about 20 points from yesterdays open
ing quotations.
AS was the case YESTERDAY. the market
again derived its principal strength from
Liverpool. where there was a further I'M
expected advance of / English points in
tne iiarket :or futures. whereas none had
peeh anticipated. Our rns rltet started off
frIn this morning. as a consequence, and
graoualiy iTcproved during tire rest of the
daE. ana ~advsnced To the extent stated.
- rto.S,s!99a operators have been buyers
mere ,or he last day ar two. for a turn,
ana It's Continuance -o-tiay maui. the high
pr1Ges. This buying absorbed considerasIs
ss ng by spot houses and offerings OF
tsrnoon the advance was sustained by New
o1Isans snorts trying to cover here.
Ine market is so very small and mar
row, however. that. should present buy
ers e~ndeavor to sell ont. the market co,ld
stump as easily as it has advanced the
Iast Two days. as there is no outside spec
support. ~ 't u
The market was quiet and L little easier
m the late trading on scattered ioyal re-
alizing. Spot cotton here advance Ia
points TO the basis of SIS FOR middlinp
Prices at many points in the south were
iirmer and fr~artionally higher. Tie in
Urease1 Strength of this spot Situation vas
what held the market here for futures
III the absence OF any new outside husi-
ness of Importance.
LIGHT BUSINESS AT NEW ORLEANS
REPUBLIC SPECIAL.
Now Orleans, Dec. 1.-THE Tfmes-Dem-
ocrat Tomorrow, in its ummary Of tho
cotton situation, will say:
1esterdays cotton market was good
enough IN SO far as the undertone wa.
concerned, but the volume Of transactions
was not reassuring. AT leas, for the pres
ent the temper Of the talent should Prob
aoiy FAVOR the price rather than oppose it
A radical change of front on the part of
either the farmer or the spinner will ,,a.s
10 occur before any material attraction in
'he situation can be looked for.
Inc farmers round robin demanding an
STpitfary minimum of 10 cents a pound in
Cicates fether a pugnacioIIs attitude on
the part OF the many cotton growers.
III me bear regards this sort of
'Hlns as mutiny and the bull saws il is
nlutable. there is TO denying the facr that
the cottoE-sroEing farmer IS stirred as he
mad never been before. There IS no telling
Just where 1t will end IL is difficult. hon-
ever, to see how u sufficiently powerful
organization IS to be formed through
which the acts OF the individual farmer
{an De absolutely controlled or so re:u-
lated that in effect a practical cprne- in
more than 6.cO0.Gn bales of cotton can bs
created and sustained. But even though
the more ambitious object of tina, xov-
erhihs both production and sale may not
De realized. an organization can be effect
ed through which the farmer NAV he
Vastly benefited. his ideas broadenei. his
ski! as a planter increased. his knowledge
OF lhe ultimate effects OF his own acts
enlarged and his control oyer MS own VOL. |
being maguifled.
1t is possible that the Southern farmer
may now be on the way to the practical
solution OF some OF the many difficulties
that have stood as A barrier between him
and progressive prosperity.
The practical method Is yet to be found |
ana sioe-tracking is but one OF the dam |
gers he must watch out for. Tho s;e,aI =.
all right but its correct interpretation is |
quite another matter"