The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1910-05-03

New Orleans, La, May with |
the excitement over the May posi- |
ton gone. the cotton trade is now .
in a more suitable frame of mind /
for considering the situation that |
cOnfronts II, and in no small way I
concerns nearly everyone. in both /
this country and in Europe, and to
a less extent all the people in the /
rest of the civilized world. for ev-
eryone has more or less to do with |
cotton. This week important inter
ests will seek an opening for Il per-
manent stand on the market. some.
thing that they could hardly do
with manipulation in May always TO
contend with. In taking position
on the market for what Is technical-
ly known as long pull" only the
most carefully trained spectators
and traders can lay aside the ih'
fluence of their immediate surround
ings. Thus there will be those who
will take the bear side permanently
because they are associated with
spinning interests. while on the 9th
er hand there will be others who
will join the ranks of the bulls be-
cause they have connections with
the inl, Iior of the cotton belt, be-
cause they live in or have sympa-
thy for the south. The coldly calcu-
lating specuator. however, leaves
such things entirely out of his con
sderations, and this week this class
will once more turn to the question
of how much of the small supply
, of cotton that is left In the world
the spinners will take If prices are
put to such a level; what effect the
| federal investigation Will have on
the holder of spots In the south;
whether the chances are for or
against the threatened labor trou-
| bles in Manchester. and so on
through the complexities OF the old
the question of the new crop itself,
for It Is now time that the old and
new crops should be swayed by
| the same factors, instead of having
! their separate courses of values. Here
/ /, is that the stand will be taken
for. as student spectators know,
the prices OF all things that are
speculated or traded in on n large
scale move in swings, the long, or
season swing, the swing that Is
more or less due To reactions and
yhich moves within the long swing
and the short or scalping swing,
caused by the developments and fea-
lures of the moment. The problem
now is 10 determine the long swing
and 10 answer the question of wheth'
er the coming season is TO see an
advancing or declining of prices. This
long swing will, of course, be de-
tCrmined by the new crop itself. Cold
blooded spectators In the south,
traders in England who want to
see English mill hands working a
full week spinning American cotton,
and spuners who want cheap cotton
| because cheap cotton goods sell fast
er, had about made up their minds
| week ago that the market was in
/ for long decline on what were
about the best crop prospects ever
| known on materially increased
/ acreage. But the cold wave upset
1 all this. and caused n new start OF
/ the crop TO be made, During the
next few days all maner of informa.
ton will be gathered in an attempt
to find out II the damage done can
be repaired always, however, with
the understanding that the crop Is
now two weeks late. Here is where
the bulls will present their argu'
ments: they will contend that the
crop, because of its lateness, will
be more than ordinarily susceptible
to weather damage and 10 the dep
relations OF the boil weevil, and
they will point to the demand for
seed to replant with and the infe
rior quality OF seed that Is filling
the demand. In the minds OF the bulls
the possibilities Of the total yield