The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1906-02-06

Il il A9 buE and ttsE sAs. # ra Nt.a aa E#H
+. focal market a.Fe eauay y amazed .s
The action * thr Beast Cotton 3
7 been going down ana down au8 aaHa
again until if fas nothing v.~.s thsH tNa-
aature ahhars q maHutsus. 81 .,eH..E
|taas was gime far r.sEj au#aa fH.s
4 Tae fai "as la-.j apparently a#
nothing except r,sEersiIy Receipts
I~ere nominal, aIl adverse factors h4
ibecn long discounted aud y.s la taa
mart whore paper IS cotton there ,eas
! iaothiaS except rush le s,t tla ~
+ contracts Everybody sYraH wf.H
4 wanted 40 -elt nobody to Day T.e
price umh.,d. Figure tHaI ia eg,aa
Iaso looked low. looked ia Views of sha
crash - De- immensely high. Haa ta.
Inar!,,. nof done this sort of IL trick
So often rs nor t9 e&cit, auE eurpl
Il beyond conjecture the thius would
! have been serious. as it Waz It nas
much Il case Of ''sl.4o~. got the Uu.-
Il ton Yves somebody gettIu. ready to
1 break. o. was somebody unloading. ur
was someone going short Either oae
!, Of these things might be the cause.
/ ! ct the men who raise cotton. who
/ have II FOR sale. must look uu and
j scratch their heads. Whatever one
may say u the future market it
i is dictator until somebody dictates H.
| it, It sets the price for th, day
whether anybody takes il or not For
! all the furry OF yesterday and for the
past week the real sellers Of cotton
! have merely been troubled IN their
minds. Cotton stays what III is but
the price is an acrobat.
After the close yesterday. there
] came an APPARENT gleam Of light The
wires reported a most remarkable
/ change Of front ON the curb" The
! curb means the crowd that gets to-
gether and discouts what is going a.
/ happen after the exchange has cISS.a
! incidentally. the curb hears things
/ sometimes which il WAS advisable Ia
keep while the great trading ring is
! open Also the ears Of the curb arc
very keen, anyway. They have 10 sc.
| lspeedy sneak for tao man who hears
! wrong.
| When the exchange closed yestcr-
| day With cotton Ike Il frieadless or
! phan in q snow storm. the natural
| ming for the curo TO have done would
! have been 10 kick II down the steps.
! Tie curb however. thought that ia
| heard. 1t clamored for cotton. Tho
| price that had been going down COM
meneed = go up. People rushed
about to buy 1t wa buy" buy
instead of "seli" sell" The man who
wanted cotton had 10 pay for delay
ing about securing his contract Tho
change Of front was like the shifting
Of the wind after a storm.
Price has turned" said the brokers
on the curb and they commenced to
run 20 cover and to gamble ON the
future
Cotton men here laughed when they
heard the news. Not few said Il told
YOU So" More laughed in appreciation
and admiration. price" they said. lis
the persimmon. put your finger on
Price and YOU make your fortune. Eut
mind out that he don't copper YOU
The changes of Mr.. Price haN4
become speculative history. lie is in
the world OF cotton ali example ana
"a warning He has been all things to
.all men, bull and bear. prophet and
sage desperate specuIator cautious
adviser. With him. it is perretualiE
great things about TO happen. Always.
also, he seems TO prove his case. Cot
ton may be goiTis to the skies Exam
inc Nh Prices figures and yOa wiz
swear it is 50. \ week later. the un-
fogseen has happened just IS you had
concluded he was right. There IS
then no hope for cotton. Ia the mid
lie OF this taugle. If one win TAX
the trouble to follow the mark r. r.
ports. he viii see that Mir. price has
been both q buyer and a seller la|
Doth capacities he has been ls' ped Dv
tie great public. II is ruIpi. rgad
- fortune.
But" one w.lI say. why not cop
ler Price, Sell. when he proves you
ought 70 buy buy VIXEN ne ,aHes the
bottom out from under
The trouble is Mr.. Price tells the
truth - often that he cant be cop
pefed witn safety. Copperiag is -
trade in which he is creating a roEop-
oily The public takes the cn@-ce>c
Mr. Price. the profits.
surely Mr. Price is a big man. II
started from nothing in financial
way, amassed q wonderful fortune
made an even more wonderful fail
ure. he went out Of the market
Cne day owing $l3.000.o09. Pe9Il-
said with some relief the last -
Price" For . few years he was +
quiet. Then 1 appeared he had wCu
back the few millions involved. paid
them over To his creditors and was
ready with some other millions 10 play
the game again.
Since then he has bc'n playing il
10 stand still. The number % his.
millions no.. i probIcmatcal. Ills F.
financial credit IS unlimited. the pun
lie laughs 1T his predictions in one i
breath and curses Itself for not fol- !
lowing them in the next.
This year Sir. Price has been sew
cral times bull and several times /.
q bear After yesterdays market /.
closed il Vas said that he had just !.
cleaned UP several millions which Ia I.
had made selling high. shutting the /
door in the face Of the staple ami +
buying back At d profit Having +
made his cleanup" the conclusion +
was that he was then ready 10 bGE
cheap ana wait to sell nigh when .
everybody else was getting back his
confidence.
Hence the exciteent on the curb
Price and his career lend them
selves to poetry. He is to the arlet a