New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-08-04
| 4. PRICE BACK IN PIT
cotton Operator Returns After
Absence Of Three Years.
an BULL SIDE OF MARKET
,,clares Demand Is Greater
Than Supply Despite Govern
nsnt's Report on Conditions.

80 II Price formerly one OF the
l,..,o,,n operators in the cotton market.
sfs' no had not bought bale of cotton
rO' -,r three years. got back into the
10 ..as.erdav. and promises 10 stir things
f. enc cotton pit after the manner that
him famous years ago.
r-ritbstarding the outlook for record
-, cotton crop this year, Mr.. Price
te' .a,en the bull side of the market. lie
pa 80 rs his principal opponent on the
" side Eugene g. Scales who recently
80 his position in the market. in when
- bsep one Of the bull leaders for two
~ croat excitement is looked for in
ae''.,,,on market from now on as result
80 hattie for supremacy between these
tive men A. ..-,...
:, sxplaining his position in the market
e-,ce who has just returned from a
~ " months trip 10 Europe. said that
~. abroad he found n big demand for
following two short crops. and that
resent prices he believed the world
.s.9 and would Immediately contract for
American crop Of 100000 bales.
- was no assurance OF this production.
s,55ed and If produced it was doubtful
~
,.,cn that the short interest in the mar
80. vas larger than ever before IN the his
-. ~ the cotton trade, Whine the financial
.s,,ion ~ the South. he said. rendered II
N.,,-slv improbable that spot cotton would
=. cold ~ Hquidate this short interest al
.,v.,inr like present prices.
u feared. he added that those who were
..l,ne short ar this time would find 81 hard
:. huy hack ~ prices now contracted for
- he predicted that the slightest sug-
Teton Of crop damage would result In a
-rsi-lvind advance
-,e-A will be abundant opportunities To-
IN sca~es during the present month
s,,ob * considered a verv critical month
.,.e Development Of the cotton plant. and
:, Price is expected % do his share IN
as connection. Some brokers nrofessed 70
..4 in the sudden springins up Of cror
ts-sra reports yesterday what they termed
y, .4rs Italian hand" The rurnors, "her'
,rsr thew originated. had the effect Of send
~ cotton NJ 80 70 = points fer the Vari-
IS orttors. and this In face Of the highes'
.overr-7err condition report for July II
,sr ears. issued the day before
S,r-A his ~etirerlent from the cotton mar
Ns, +b-4e Years ago. little has been hearo
- ,f- Price in Wall Street. although re-
car-'v he was reported 70 be engaged II
~ ,~o-lctio- of 2 cotton picking machine
80 ~ be the most successful thing or IL
IiD5 ever invented He was reported tC
Ns-s lost heavily in the cotton market u
,bs summer ~ zoos. which marked his ma
sppearenoe until yesterday, and there was
considerable speculation in cotton circles a'
y where he got the money 70 GENE back.
Some ~ the traders said that he must nave
succeeded IN floating his cotton picAe
ss~oad Ny Prise himself was non-coni
initial On the subject.
N~ Price has suffered from many har'
t-ocks I'm his Wall Street career, but gen
.raUv manages 70 turn up smiling AFTER
While TIE failure Of his frm-Prlce' NC
f-orr7ick q Con- go was one or IN
most sensational ir the history OF val
Street: but. although the liabilities ran INT,
millions OF dollars. Mr. Price succeeded
xuer several wears in paving all his IN
dsb-edness ara also that % the firm whicr
Re was not legally hound % do, and agar
ssc-r1e an important factor I'm the cottoI
MARKET