The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-26
COTTON is MARKED
BY BULLISH ACTIVITY
Much Manipulation by Certain Outside interests
European Labor MISUNDERSTANDING
Of American Spinners

Washington, February 25.-The re-
ncwod bulIish activity which was the
feature of the trading during the first
half of the week carried prices up by
- 10 so points from the closing prices
of las Saturday for the general op-
ton list. In this rise the March op-
t:on went up 10 1927, May l0.46, July
1888, and October OF the next crop to
1850 Willie December sold at loss.
There was much manipulation dur
ing this advance by certain outs G
bull interests. that the movement was
not followed by the trade. This was
especially In view of the falling
of IN the spot demand from English
and Continental spinncrs, and the
threatening labor trouble among coal
miners throughout Great Britain
Moreover, the short interest has been
largely eliminated, and the outside
public lacks confidence in Following
the present bull leadership. There
fore, the market was reactionary on
profit taking throughout Yesterdays
trading, ana closed weak last night
with 4 net advance of only 10 TO Is
POINTS from Saturdays final bids. This
left March 1897, May 1924, July 1881.
October 1910.
European Labor Disturbances.
Foreign spillncrs have actually talk
on such large quantities of cotton, and
have contracted for forward deliveries
Of SO mucbs. more, that they arc now
showing y d!.pos Mon to sit back and
await further c"cnts before buying
anyth NJ additional. The labor dis
iUrbancc which is developing In Ger
many ana also in France. as well as
seriously threatening all OF Great
Hr'is'n shows a feeling Of great I'M
rest al Owe. Europe from the high
cost of living ana taxation. The worst
feature Is the threatened strike OF the
coal miners This has been regarded
as lnc lecing To Euglands trade and
general transportation business. There
arc ur"aTda OF 100000 miners alone
involved, and should they strike, il is
believed there would be chaotic con
dttions on The sportation lines as
"cl! as at all manufacturing centres,
To the disaster o. general business
Therefore tic cotton trade here is
viewing this threatened situation with
much less apprehension than the trade
al either Manchester or lancashire at
present. The government stu hns
five days left 10 secure a compromises
agreement from thu miners ana the
operators. In the meantime, however.
labor trouble is reported in many sec
lions of both France and Germany All
of which shows tile disturbed condt-
lions abroad in general trade as vel
rs from politics 10 keep the consump-
lion Of cotton and the distribution Of
goods FROM making the record break
ing figures 50 optimisticaHy forccasted
during last months bullish excite
!ucnt.
Position nf American Spiuncra.
In our own country the consensus
OF reliable reports from all the mill
ing centres shows the cotton mills arc
now not running TO better than 81
per cent on the average to their ca.
pacity. Tariff legislation is sim
ahcad of tho manufacturers who have
10 compete with lmportattons OF
10 cign cotton goods. and as there i.
sure TO ne heavy cur from the
present high rates those interests il
this line OF the business among Tho
New England and southern mills stu
40 not feel like loading up with "a bis
supply ot raw cotton and carrying Ia,
same With such an uncertain bushes,
s'tuat ahead from this approhcndc,
change in the tariff. to say nothing %
.51te complications in the political sit
nation for the Presidential election.
they know last sei -0ns crop ap