The St. Louis Republic., 1905-09-14


Demand 0oveo Aaz1Do0 rite
- BDsv60 Rooaas.
New York. 0epe. I4-WIthout impeove-
ies saosed % = much :s:.Sser sss eosSe soSe and ana
While toward the close reallsin8 caused
. Eastial rtaet,oa. the nnal tone Was
steady At net advance Of Seu points.
The opening was drmer. IN advance Of
% points on steadtef cables and re.
Ports o. = better spos demand At the de-
rSiss;e sdSsess from III. South claimed
that interior holders vere o0erinE spot
Supp!les less freely. and. With receipts Of
the day running. lighter It the portP and
covering By recent sellers. who We're aleo
disappointed at the abeence Of liquidation
oy the Wall street DOol. wh1ch Is sup.
possd 70 BE- heavily long os Octobef. and
to be preparing to take up tenders Of
After ad :,ncins to q ne. gain Of about
E'ni. points. or around 1859 for October
buyers. httle selling By spot people. pre-
srmabsy against supplies In the South
una \ rene sal Of bear pressure. eascd the
market OF about points from the top j.
TO .sc higher. confirming reports received
early In the day. But private crop ac-
counts seemed to be improving and the
weather Was favorable.
~ nAASI - S4AY1s>o sAW Al.
REPUBLIC SPECIAL
New Orleans. La. Sept 1:-ln its sum.
n'ury OF the cotton situation the Times
usmocrat viii say tO-H0vyow:
.,,.. hear'sn c"urexe petered out Yesterday.
Ss.,lnsd ai,ernsssis to DO % now '.S1h and ahen. a.
and thus encouraged. the bulls quickly
made the most Of th.. ammunition near AZ
;, land Liverpool toed the i:ss for the frss
conti:ued abnormai!y large. but there
were signs OF . possible sudden slump In
she volume Of many points reporting the
farmer definitely determined not 10 sell
The SPOT demand wa. hopefully I'M
proved. though not radically SO. Alto
Esshsr: the the active sentiment M .ss bulissh
opened up. swung higher and then settled
back To the morning initial level did not
seem IL discOncert the reawakcned en-
cuns.ances comparatively little new buy
ing vas sufficient to start covering in tine
hear camp. but when the buyers of the
on the small scale. the days record soon
ceased to show net evidence of bulge. In
the last ANALYSIS the talent las grown
a"icsy ,ca ., much IKE ss s;ax.ns in one. own
ducat:. when the outsider persists in
staying out. And the unple asant phase Of
the affair from an ethical viewpoint. II the
momentary inability Of the professional
To- see JUST where the sp~cuIaiors' profits
are IL come from In the Fear future.
Be,iig.rcnt differences are marked BY all
too narrow q line.
An abundance Of cotton may he bought
at l,c. la sis niJdiinH. Even In the spin
nsrs' beliicos~ franz. o: mind. :.e would
gladly rcStock his warehouses ~ price
which Woult shave the l0c market. not 10
the farmer. b. n very slim shaving.
Thus u radical slump In the movement.
some very bad weather. or SOM definite
knowledge indicating probable success OF
"A NJ ss.nv fus forth.
coming or general speculative buying
may be louked for. On the other hand.
spinnefs will have to show ability to fight
the farmers for q further sharp decline
befor. the sort Of confidence that will i'm
p.i men to stake good money on the
short side Of the account can again be-
created.
..rhu., barring accidents. and the dsvel-
opment OF further potential tendencies. the
cotton market o,ay BE- expected To move
Within narrow limits for . few days.