The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-11
is SHOWN
IN COTTON MARKETS
Fluctuations Sharper and More Extensive Than
for Weeks---Contest Between Bulls and
Bears Becomes More Interesting

break during January to 1915 cents BY
getting back a good deal of their
lines during that decline from 14h
cents. They have held on to consid-
cradle of this interest, and now seem
anxious to work the market up again
to over the lucent basis. With Mr..
Patients wealth and ingenuity, COM
bined with the experience of the 9TH
ers in handling spot cotton and oper-
Eating in the market for futures here
and at Liverpool aud New Orleans, the
bulls are as VOL equipped and sutli-
GENTLY powerful as the leading bear
element operating against them in the
effort to keep the market within rea-
sonable bounds to the present trade
conditions Thus during the course OF
the next three or four weeks some
rather exciting times are likely to be
in store for the market, which may
duplicate the events which transplred
during the Sully boom early in 1904.
Nc,, Crop nnd the Future.
Which side VIII win out will depend
largely on Row the season for the new
crop and the prospects for big yield
shape up. 1t is still much too carly to
tell anything about that, as the area
entirely devoted to cotton VIII not DC
planted fully until between the mid
die and the end of May After the
question of the acreage has been set
tied more will depend upon how well
the crop has terminated and how much
of the earlier paintings in tho lower
half of Texas and the southern portion
of Georgia, Alabama and Mississippi
have come up to good stands. the
outlook for the new crop, in other
words. will be the most important fac
tor which will indicate the success or
failure of one side or the other.
AS the new crop situation stands to-
day the outlook is so uncertain that
neither side has any better knowledge
or more assurance on, the outcome than
the average trader Thus 1t is largely
a big speculation on the weather con-
ditions during the next six weeks. as
affecting the start and prospects for
the new big crop of 100000 to III
100000 bales necessary to offset the
effects of the past seasons disas-
trously short crop of l0,300.o00 bales.
against l3,S50,O00 produced the pre-
vious year All that can be definitely
said at present on the new crop is that
planters are making preparations for
putting in the largest acreage on re-
cord. especially in Texas. Georgia,
Alabama and Mississippi. In that Sec
llpD tMO-lUiTuS " TIC tlcp Is ldlStb
out OF the total acreage in the belt of
SaOOoo0O acres available for cotton
culture.
A Traders Market Meanwhile.
Meanwhile the chief interest OF spin
ners and distributors of cotton goods
as well as the speculative element,
generally speaking. lies in the progress
OF events from day to day in this con.
test to dominate the immediate future
course of prices and control the stocks
OF contract grade of cotton at this
port he past weeks events showed
very plainly that spinners, especially
those in England and on the continent,
were inclined to buy S'eely in increas-
ing their supplies against the aggre-
gated risks of the future on all de-
clines, especially to the basis of Il
cents for the May and July options
Since the markets strong advancing
| tendency the last few days they have.
however. withdrawn their bids and
have fallen back on their old policy OF
buying only to meet requirements