The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-24
THE COTTON MARKET.
Further Bull Manipulation and Prices
A~dvance-ShOrts Cover.

Bulls continued to keep the upper hand,
both here and in Liverpool, but II was moro
manifest here than in Liverpool, and as for
New Orleans. it's operators seemed to look
with an evil eye on the whole affair. Some
of its cynlcs say that II the leading bull here
publicly announces himself q bull they think
that he must be aiming at lower prices
eventually.
However this may be, and whether this In
fair criticism or not the market for the time
being Ii certainly firm, despite the fact tha q
large amount Of short cotton has already been
covered and that the outside public Ia not
taking any large share In the speculation.
Indeed. 1t practically holds aloof from the
market. as II has for some time past, having
been badly bitten In the fore part of the sea-
son. as 1t has been in other markets.
The Houston and New Orleans estimates
for to-day were smaller. but they move up
and down and cannot be accepted as trust
worthy guides for the time being as to what
the movement is likely to be In the future.
Spot markets were firm. however, and
very generally Lice. to &c, higher. The
in the Southwest may be expected ID make
May was the great future, selling close
to July, while the next crop showed much
less strength than this one. How much
short interest In May remains to be covered
is purely problematical. but bears profess
10 believe that the short account has been
pretty well liauidated In the recent heavy
4, o. Brown & %. said: The days de-
such uundeniable facts to ence etquroP b;ux VIM
as the frmness OF the spot markets. the ex-
e lls Sr S demand bI for Il the actual staple. not only
man @srt Saa the dS1'i activity 0I ~ Ma lR sHs Ens doa.
1lnses'l for snd H EsnsGsl e snd Se ssre bbs s%sll e, Il.
option and the fact that Influential interests @as
i Is worthy OF remark. too, that the quantity
thus far brought laSo sight this season is
psry Two Two S years. % nSd v sRsn t fSs .e ths 's %as
only 10000 900 bales. We advocate pur-
chases on declines"
Dick, Randolph and Elinser we're buyers.
Me ISIS. Norden. Ware d Leland, Gwathmey.
Allen siedenburR. Bartlett, Hutton and Mohr
j. S, .Bache 4 &c. said; Information OBJ
tained from spot markets Is contiicting, some
while others report that spots have IeI no ot'f feI..
holds at present level for a few days spinners
are usually cautious In the first few stages
81 an sdyanSSins market and buyers Of the
d daIinsa the Re0Hi long decline TeH mao are o son s saId fs t "a
showing more interest,". speculstofsso Rene ge
ally, are inclined 10 belleye thai. the new bull
iCootl IN aNltLlpNlik W pOOsI tn6 DIlCG 10 n
level where. short sales will be profitable,
but when 1t iS appreciated that the emporium.
ity for an advance Is created by legitimate
trade factors the public will again take a
Theodore f.. Price said: zone Of the moat
important, ~ not the most importantly firms
of cotton brokers In Liverpool cables me this
morning a follows; 'undertone here nervous;
bare Of contracts and none appearing An.
other firm cables me a. follows from Liverpool:
There seemS little cotton for sale. Marker
seems waiting :" buy Il price, decline. Small
despatch from Shreveport, La: Have found
91 per cent. OF the cotton up killed, and OF the
seed planted at least IS per cent. muehy, -.
win reference 70 the reports that was a
seller yesterday ! beg TO quote, further. the
following telegraphic correspondence be.
tween myself and a New Orleans friend
La:-Theodore H. Price. New York. Traders
here hammering on rumor your selling out.
How about ~ Can i deny for youY An.
swer; Don't deny II. Let those who
choose believe II. I have no objection to
sSs s market GSs1 lowsr. k.rsai bull wants TO
Cotton on the spot. advanced 10 points.
MiddllnE, .ii.aso, against Bite. last year,