New-York tribune., 1910-12-10
COTTON JUMPS UPWARD
Governments Low Crop Esti-
mate StartIes the Market.
FIELD DAY FOR BULLS
a,eap Of SO to so Points III Prices,
with Net Closing Gain OF
81 TO IS Points.

RE -vhficatio- OF tl5e government g final
crop estimate OF cotton giving the indi-
Gated yield as u.se6.ooe bales. caused the
widest excitement in the local cotton pit
4 rush Of buying orders instantly flooded
-be ma rll,t under the influence or which
--.oes Jumped from - 70 60 points. or s. -
=. & = hale. within few minutes. while
s-Ae brokers fought desperately 70 execute
-tair orders. The roar OF voices IN the pit
- SO great that the only way an idea
az -he trend of prices could be obtained
- from the quotations put up or the
blackboard.
.e,s- 7ftoen OF twenty minutes OF the
,-r,oe. confusion the buying movement be-
s,- "a s,,tsi5e and profit taking took its
--s-a hut not until prices had been forced
.-., :, n = points bale from the low Level
,,,,.bed early II the morning This was an
.--,-rer,e fiuctuation OF s. - 70 s. 80 a bale
III the various options
The big ginning figures published on
THURSDAY. giving the total cotton gianed
70 December I as 10, ,1%s, ,9s5 bales, had led
80 trade 20 expect a government crop es-
riu,ate OF close 10 1900, 600 bales, which ac-
.,s,yr-s for the excitement that follow ed
-ge announcement that the indications
,,anred 70 Z yield OF less than Il 10000
M report EELL TO AtAIL iNSA tfiH
Top this year was = short one and would
<zg below the actual requirements The
..evernr1ertsg figures were not made pub
lie urtIi . O'Clock Before then TIE trad
.re vas Irregular, opening prices being
/. - : points higher than Thursdays close.
5-1t declining 20 about the low level
.arcrs,s On that day on liberal offerings by
-he bears as vel as some selling by the
bulls. who appeared TO want 10 reduce
.resr holdings somewhat As the hour for
rAs publication Of the government report
-G-e-- near the market became extremely
-svrous With prices flctuari1g irregu-
ls-sv. but with a general upward tendency,
- offerings being readily absorbed. and
before the figures came OH prices Of
sfe various options showed a net advance
q 10 10 points.
The estimate sent prices sCUrTying up
ward January jumped from 144S 10 $50,
Narch from 1s-5 TO 1885,. Nay from 40
IA l55a Z new high record for the season.
ard July from 14s7 70 I5zS Active buying
Av outside interests vhe had held Of
sErf- orders TO await the figures, as well
q The excited covering by the shorts. was
= factor in the advance, commission
sorses being svamped with orders 70 buy
On the part Of their customers. When
-s--es Rad reached the high Level the bulls
reEan taking profits. and under these
.-gahzlng sales prices eased of about %
5--7i---s from the top
: -For the rest OF tire afternoon trading
ras quieter, with prices holding fairy
steady IN the face Of continued heavy
Tr-oTr taking by the bulls. The market
closed h-7n AZ 2 net advance OF g 10 5
roinrz. or s. 50 70 & 20 a bale in the various
OPTIONS TIE closing quotations il the
active months were as follows: January,
z4S. March, 15.14s May. $3.50 and July
.-5zS
New Orleans, Dec. 9-Traders on the
e98o~ Of the New Orleans Cotton Exchange
we're thrown into : frenzy Of buyfng fol-
lowing the posting to-day Of the govern
-rer- estimate OF the cotton crop for this
IT, ----e !. inn, 81 a-a .alrarce