The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-09-12

OF the extreme bearsh views which
developed here early in the week. The
prospect now is for more two-sided
market than was believed would likely
prevail when the bears were so ag-
excessively Offering prices down from
the IL rs cents basis for the fall and
winter deliveries on Wednesday and
Thursday.
LiHerpool's September "Corncr."
The shorts in the September option
at Liverpool saw the price OF that
month so up 80 English points Friday
TO the basis Of 7.S6d. per pound, or the
equivalent of rise of 60 OF our points.
Ihey are In pretty much the same po-
sltion as the shorts We're in the Aug
Just option, here when its price was adj
vanced so suddenly from Is 1-2 cents
to 20 cents in less than weeks time.
just before the maturity Of that option
in this market. The old bull CLIQUE.
which ran tho August deal here so sue
cessfully that it expired at is cents,
arein control of September at Liver
| pool with the bulls in that month. TWO
of their leaders left here on wednes-
days steamer to operate with them in
| putting through the same kind of a
| deal before the option natures there
at the end of this month. Contract
! stocks in that market available for de-
| liveries are very small and cannot be-
very well increased by shipments from
| this side, until too late to make dcllv-
| cries to any extent, except on October
contracts. In the meantime, the bull
| clique hero, which had all OF the con-
| tract stocks Of cotton at this port of
$4,000 bales on September l, have
| been selling their cotton freely to
| haya
| shipped out so much, the total stock
is now down to only $4,000 bales This
is SO little protection against the big
! outstanding speculative interest In
| this market in the general lists Of OPP
! lions that September here is also likely
| to be squeezed on the shorts before
| the month expires.
| Trade Problems Of the Future.
After the September option here and
I at Liverpool is out of the way, the
: markets course of prices will come
more under the influence of the legiti-
| mate supply and demand conditions
prevailing on the Southern spot mar
kets, and the way the offerings of the
new crop in excess OF the demand
| there are absorbed by New England
and foreign spinners The weather
| conditions as affecting the progress Of
| the crop during this month and Oc-
tober. especially for the rounding out
of the top crop, will also be 4 very
! important factor in connection With
the conditions prevailing in the dry
| goods markets. These features are
| matters of the future and they shonld
| all be very closely watched as guide
| in solving the problem of the proba-
! BILE tendency of cotton values FIR tho
next sixty days. During that time 1t
| is likely over 100000 bales OF the new
| crop will come into sight. The crop
| also has ahead of 1t the possibilities
! of the occurrence OF the usual hurri-
| canes and equinoctial storms, and also
the question as to the effects Of an
early or late average date of killing
: frost in cutting down or increasing the
| present prospective total yield of l2,-
! 100000 bales. against the crop OF TO-
/ 100000 bales produced last year and
| i3,s5o,OoO the previous year