The sun., 1906-02-08
CHICAGO CLOSING QUOTATIONS.
THE COTTON MARKET.
Upward Turn on the Short Interests Ood
spot Demand Reported.

To all appearances the market was pretty
well sold out and under the circumstances
rally was natural particularly as the Liver
pool advices were firm and there seemed to be
a good spot demand not only there. but ut
New Orleans. II not elsewhere throughout
the South. The vital point OF the whole
situation is whether the spinner Will buy
freely at or near present prices.
If he will, II the condition OF his business
warrants him in going ahead on about the
present basis. the number OF buls VIII uh-
The wire houses bought considerably yes
terday. Liverpool sent some buying orders.
together th good mahy h priVaatr IVA n 9Yliish ph
the southern and New England mills are said
so DE De ore o aFss scale Re ale ssd ed proe"t
OF Underwriting half a million bales of cotton
attructs little attention, 1t is regarded by
an ancient fish like smell that spos it for home
consumption at any rate. =.
On the rise there was considerable liduida-
tioIi, but the market on the whol. took the
cotton very well. Much OF the buying was
eHyerng but there va va alTo hol h95 s 'iIs pnr M
late decline the market is entitled to at least a
temporary rally.
to suggest accumulation by strong interests,
said Hugh Nc cElroy. and the opinion i gam
ing ground that there may be something.
alter all. in tine talk oi a syndicate 10 under
write 100000 bales al - cents At any rate.
agitation Oi the subject has served 10 revive
confidence in the long side. and as the present
inent i'll soon run its course and be promptly
followed b. extremely bullIsh comparisohs.
The The Question Of What viii be done with March
remains to bc settled. The interest remain
ing in that month Is eNtrrmsy mall CON,
months ago. Motto. day On March will lnll
on Monday. F-hruaty 70 II there % !. any
cate the most natural thing for II to begin
operations with would b" 10 stop March
Hot,ce. ndel hn,d nH nHt b, h.r "Ern
not sufficient March longs lel' I" drInoralize
The market ,,
Norden and Mcfadden We're havei,, M",sr,
Siedenburg, lehWat!. Aver and Jones We're
sellers.
to-day was on scale large enough to dalnl,rn
bull enthusiasm, bul ther" lS II disposition tu
pay less attention !S a. receipts s. alid more t"
imeut to last Friday was s,Oos,up aud Il Is
probable tha, this week, figures Will be
aIa a ~ re"cn i the % last anncr s't sirna,e nVy Of
80 We must have n pretty full move
mel. 49,; some time. consequently II may
appeal that receipts will not cut 80 much ul &.
figure as heretofore. The r"ceu, decline las
been serious that Il recovery L. only uHtrrHl.
and since the trade has been b-arisll. as Il
rule il would b' strange il 81 short interest
of considerable Importance had hot resulted,
While tho recent character OF til. market has
been against tUlllns, u aS II lNt decline
had been carried Tor the present io the limit
warranted by all of the SURROUNDINGS, and
We now look Tor more prompt and frequent
rallies on all SOFT spots Than has been the vas,.
oil late"
Cotton on the spo, advanced 10 points
New Orleans and Gulf, II SOC. against s.l5c
New Orleans advanced &C. Mobile de-
clinrd l-l8c.: Savannah, SC New Orleans.
10 ll-i8c. Mobile. l0s.c. Savannah. 10 7-l8c.
Memphis 10 l3-l6c. Sales New Orleans. 0, 400
bales: Mobile. 800 Savannah, 9ul: Memphis
:. 100 The receipts to- daN wore as follows.