The Montgomery advertiser., 1905-01-18
HAYWARD, VICE CLARK's COTTON
 fJ. LETTER.
tBy Private Wire to Virgin 6 Faunce, Man
 aRArs. 'phone 73S)

agers, phone 73S.)
 New Orleans. Jan. 17.-Today's session
 in the cotton market, dull as 1t was was a
 sort of an object lesson It taught that 1t Is a pretty hard matter to squeeze the shorts
 on a crop of 13.OO0 bales of cotton Some people have come to think that 1t is a very easy matter to put prices up with
 so much cotton in plain sight for the whole world to gaze at, and the little talking, little hot air and a few resolutions min gled with discussion of the Civil War and why the Russians couldn't hold Port Arthur are all that is necessary to boost
 prices. This sort of people expressed sur- terry about 1t at all The market simply did not have the support, of a good spot de- mand which has been it's only stay for some time past, there was no covering by shorts and the bulls did not offer the slightest sup port
 We have tried to point out before that the holding of cotton Is but a passive re-
 sistance to lower prices; if higher prices are wanted the bulls must get into the market and in addition to doing lot of yelling and | talking they must do some tall buying. The
 bulls have not done any buying for such a long time that 1t is one of the puzzles of l the market to say confidently whether there are any bulls not.
 Leaving this, question aside, we may safe ly say that if any bull or coterie of bulls take hold of the market and sell what Is left of this years enormous crop at any thing like the figures the hot air artists are talking about, they will have accomplished a feat of finance and market manipulation beside which, ths StrepTted, ftpance" doings as portrayed by Lawson will fade in com parison. and at which even that famous au- thor and market leader might look with envy. By the way, since Lawson has taken up the cudgels fin behalf of the common peo- pie to whom market juggling is a deep and dark mystery, why not get him to come down here and help in the fight of the farm CT against the rest of the world.
 The market opened steady with prices un- changed to points higher than yesterday s closing. Liverpool was fairly good and the local market looked as If 1t might show something of an advance, but a large num- Der of selling orders were in evidence around the first call and first prices were the high est of the day. It was easily seen that New
 York was a heavy seller in this market.
 Those scalpers who were bullishly inclined mand to put prices up. but there was no de-
 at any time today. With the only support of the future market withdrawn. prices
 were easily put down by the aggressiveness of local bears coupled with the selling from New York. At the highest prices were { @ 6 points higher than the closing of yester- day; the slump carried them down 10 70 IS points.
 Spots opened firm, but toward noon .,AAre easy and unchanged Up to 1 oclocc. 70 tai sales barely aggregated 1.500 bales Tn the Liverpool market futures opened steady at an advance of nts and closed | i2@5 points lower than tn. closing of yes terday Spots were quiet: demand moder
 ate at steady prices. Middling was advanced
 s points to 3s6. Sales were 5000; re. ceipts 15,000