The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-12-04

Tie Government report stat M the crop at ioN7 On
quarter 70 one half million bales below these, had
sdIstlnctly depressing effect for time, though the
ment was largely recovered IN short order OF very
heavy buying. mainly by those who had sold very
much less bullsh than expected Prominens
Wall street Interests were understood to have sold
heavily In the early trading. including prominent
bulls and there was good deal Of selling also Tor
The W S and The south as well as by room srsSer.
was n9Jsl anxiety to buX The wsa,se, was VI,
tempe ratures as low as 10 degrees IN oklahoma.
was, small and n a word not little OF the news was
really o. a bulllsh nature The fact thai the 0oy,
bales too low on It's crop estimate las, year leads
some people 70 lump to the conclusion that i WI
which, Of course, remains TO be proved. rbe qucs
tlon is whether 1t Is safe to assume that the Gov.
,hs yea as il was last yeaf The Neiiht Of the
bales to; is said to be 10 pounds less than l'st
Sc picked is estimated at gi.ili,ios acres a re-
s sgSn Of 10 "a PEI iron r..
STS5sss 2, IL l es.nS ss'i%a,SI
s acre = as follows, Nrslnls. :s North caToiina'
iS s ASans s'fqns ss St0 s ESrs s
Texas ~ Arkansas. ?ea; Tennessee. 2a? Missouri.
sicInt.f q Mars1an SAID "rne innucnces o
the market from this time therefore should seul,
ana We believe the advantage for the time at lessi
will be In favor OF operators on the long side Trade
conditions al home. outside OF cotton. could hardly
be eIceued aud We hear no complaints OF lack OF
demand from spinners and believe much better
prices for the manufactured product will obtain
when 90 lylcton on their part that large Yield is
not TO be depended upon shall prevail and this IN
turn will stimulate greater activity among buyers
OF their product The only cloud on the horizon
OF foreign trade Is the question OF the eject OF the
decline In silver and We believe this will be. al the
worst. only Temporary and further that the mode IN
me'-1d OF handling the exchange dl ferenceS With
the Par East has mlminllzed this evil, and we note
utut attention has so far been paid By fotcIgn
operators TO this feature. Other than this, report
OF 'rade broad are promising and iustlled the be
ll,f that without the hone OF yield In Of
II 600 90 bales they will hardly fail to enter the
market with great freedom In the near future.
We therefore continue TO believe purchases Of cot
ton made at the levels reached TO day Will prov"
satisfactory" one house said "rheo Price brrL
crs very heavy sellers this morning There vtr
also large sales made by commission houses IL
general but the selling by Price was the feature Of
the situation. There Is very widespread 81 rsl .
ence OF opinion as to the figures OF the Government
report. and II would seem as II rumors had beea
purnp>clv started In order 10 mvS'i'N the trade
CorYEE.-Rio or the spot WAS dull M SIC. for
| No. :. Sales. 800 bags Marecabo and 500 Genital
American. Futures were generally unchangc
closing steady, with sales Of $3.50 bags. HaNre
declined n: Hamburg declined 4 .pfg,, but tc
covered II. American warehouse deliveries, ls.ll
bags. Rio declined so refs: receipts 1900 bays
stock. $4,000; exchange, II sl-S?d.. decline ~
i-32d Santos was unchanged receipts 20 ooo bag.
stock. l,5iO.trD Prices here follows: