The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-17
BULL MOVEMENT is
BEING CONTINUED
Active Market and Sharp Fluctuations Has All
tracted Considerable Interest-Outside In
tereSts Against Higher Prices

New York, April 16.-The activity
and strength characterizing the mar
ket the past week was simply CON
tlnuation of the bull movement which
started at the opening of this month.
1t has been the only market In which
there has been any speculative activity
of late, and this fact. with the sharp
fluctuations, has attracted greater in
,crest in it's speculative position and
possibilities. This is particularly true
now of the Wall Street element. which
is S large a factor in the market now
a s it was during the bull movement OF
last spring and summer. Indeed. prac-
tlcally the same interests who were
IN that famous bull clique have been
the lenders OF the present movement
AS general rule. outside sentiment
particularly in the dry goods district
ana in the West as well as in New
England and among local operators,
has been chiefly due to the good start
the new crop has been getting with a
record breaking acreage, and also to
the bad trade conditions In this coun-
try.
Extent of the Recovery.
The result has been further adj
vance In prices for this week of SO
points ON July to A on August. and
90 10 % points on all the other months.
.
prices reached just before the mark e..
closed for the Easter holidays on
Thursday In this rise the May op-
ton went as high as 1915. while July
sold at li.12. August 1885, and or the
next crops options September advanced
to LIB. against 1893 for October. De-
cembcr 1881, and January 1850 This
Is the highest range reached since
before the hig break over two months
ago to the low level of about fifteen
days ago when May was driven down
70 ~ July 1897. and August TO
1912 cents. From the closing prices
Of two weeks ago yesterday, as OF
March 81. there has been maximum
advance OF 40 points on May ana 20
on July against so points. or the
equivalent OF 81 per bale on August.
All other options from September TO
mex, January deliveries of the next
crop show an advance ranging from 80
TO >? points. This has been sharp re-
covery from last months depression.
when there was SO much Liquidation
ana speculative short selling by the
hear element among local and Wall
street operators and Spectators in the
dry goods and milling districts
There are many who have considered
the advance as largely due TO manipu
g,
and that ii VIII soon peter out and bo
followed by renewed slump But
when Investigation is carried further
tlan the mere consideration of the
short interest and the markets tech
meal speculative position tangible rea-
sons for the recovery are disclosed.
These include in the FIRST place the
heavy ana unexpected sharp falling off
IN the movement Of the crop ..,o sigh,
rom The plantations and counted in
terror towns in the South This Ina s
"cci' SO heavy as to he almost startling
WITH this weeks into sight movement
approximately only 60. 900 bales against
5000 last week. 10000 last year ana
$4,000 the previous year. The most
j Important factor however. has been
the broadening trade demand In Eu
rope especially throughout Great
Britain. for the act'1i cotton. This
has surprised even the bulls as ii has
disclosed q much better and broa,lcr