A Highly Nervous Market New York, Oct. 29, The cotton market is in a very nervous state. The holding movement seems to have spread through: out the South. Nevertheless there is a general belief that europe will take a large quantity of low grade cotton if credit is given, and a Corporation to finance such exports is being prepared and should soon be in a position to do business. Some think it will show that the much talked of European demand is a myth; others believe Central Europe is hungering for such cotton and it will relieve the South of a big burden, The outcome will be watched with much interest in either event.
Meantime, the South's attitude regarding prices is still the subject of much comment and no little criticism. Governor Parker, of Louisiana, advocates the cessation of all ginning for a period of 30 days as a means: of advancing prices, which causes a leading trade paper to observe editorially that "this simply means a more severe drop when the time for a fall comes, if come it must under any circumstances."
In a prepared statement the New Orleans Cotton Exchange declares that there is nothing the matter with the, South beyond an unreasoning, scare in cotton, and then asks, "Why then, should we, after four seasons, in which our raw cotton, including seed, has exceeded in value $7,970,000,000, balk at carrying a few million bales pending a temporary lull in demand? Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.