| Show Bm COTTON TRANSACTIONS ON EXCHANGE Bears Give Notice of Monday Monday Mon Mon- day Deliveries Aggregating Areat- Areat ing NEW YORK April 29 This This was notice day on the cotton exchange e and the financial world turned its attention attention attention at at- to the commodity mart to glean lean news of the settlement of the reported corner in May contracts in cotton Shorts in in cotton giving givin notices today today today to to- day will make their deliveries on Monday Monday Mon Men day but the final outcome of the May deal will wiH not be known until the end of May According to estimates shortly before before be be- fore noon the tile bears in in the cotton market market mar mar- ket at that time had issued notices for forthe forthe forthe the delivery ery on Mondoy of bal balo balo j of cotton on May contracts This is ismore ismore ismore more than double the amount of transactions transactions transactions trans trans- actions on any previous day in the history of the New York cotton exchange ex ex- change the record until today being bales ales Today's transactions represent represent represent rep rep- resent a money value varue of approximately There was some iome some excitement on the floor but it was seen early in the trading trading trad trad- ing that the bulls were prepared to take cotton as ts fast as it was delivered and after an initial upturn in May quotations quotations quota quota- quotations the tile prices fell feU off Eu Eugene ene N. N Scales one of the big four as the leaders in the bull buH movement movement move moye- ment are arc called caned said that the bulls buUs w would uld turn over every bale of cotton delivered to the spinners Not a abal abai go iJo speculators c ch h e said hav t 10 look lookout out Cotton has been piling up for May delivery for thirty days including 50 bales brought back from Liverpool after they had been exported at a loss it is is said of 4 or 5 a bale Large Larg-e shipments also were received from tho south The notices issued today caused aused i ino no further liquidation in May su suggesting suggesting suggest suggest- I in ing that the bull buU leaders and the other I interests remaining long of that month were ff fully prepared to accept delivery I of all the c cotton t tendered It was said that in addition to the I bull bun leaders outside interests were taking taking taking tak tak- takI I ing cotton on contract Two important southern arrived in New Now York last night to look after the details of taking up bales and it is reported reported re reo re- re ported that of the cotton accepted this morning mornin at least bales will be out as rapidly as possible to southern manufacturers It was also reported reported re reo re- re ported in trade circles that about 10 bales were to be shipped to Fall River Private cables received here some time ago stated that the southern southern south south- ern era bull bun leaders had found an outlet on the continent for some of the cotton cotton cotton cot cot- ton they intended to take up in in New NewYork NewYork NewYork York but inquiry amon among ocean freight carrying companies showed that no freight room had yet been engaged eng for such purpose It is not believed that tho the notices issued today which will be followed by actual delivery on May contracts represent represent represent rep rep- resent all an the cotton that will be delivered delivered ered to the H big big bi four There Thero is certificated and ready for delivery in New York an amount of cotton somewhat in excess of today's transactions and cotton is is still coming in to satisfy contracts held by the bull party Prominent interests interests- in In tho the trad trade es estimate estimate es- es that by the end of May at least bales of cotton of a value of probably probably will win have changed 1 hands ands in the New York market There are those who predict that if the bull buH leaders are arc able to find a ready demand from spinners for all an the cotton taken during May they will require delivery of fully as much more in July They are arc already heavily long of July contracts contracts con con- contracts tracts their interest in in the aA aggregate ate reg-ate bein being fully bales |
