Pine Bluff daily graphic., 1903-06-23
l. + J. !. j. j. 4 !. i. :, = !. = y j, :,
!: :.
Il COTTON MARKET. 1
"a. 4
i. - Il! :. :, :, :, &. Il =. Il .s >. y 7. i
Reported for the Graphic by c. &
Taylor G. Co, J. A. Ward,
.anager
NEW HIGH RECORD
NEW HIGH RECORD
Made by Cotton To-day Because G.
Unfavorabie Government Report.

Onfavorabie Government Report.
Liverpool was ha, dly so good as
expected this morning. They opened
) to points higher Oh FUTURES and
- points higher on spots; midding
G:90; sales 1000
Our market opened UNCHANGED to
points higher on summer and 9 to
) points lower on winter positions. ad-
Eanced slightly On small buying and
then eased off on expectation of ia
forable government report On the
issuance Of this report the market de-
clined 6 to 10 points. as II was con-
stlued as beai ish, but on a careful
reading w&s found TO be more un,
favorable than expected As a re-
suit the decline was met with a per
feet of flood CT buying orders, which
checked the decline and caused a hur-
ry to cover by shorts, which rapidly
advanced prices for the summer posi-,
tions 40 to SO points and winters Is
to 25 points.
The summer positions made new
}EGh records for the season, and, for
that matter, for many years. New
Orleans July went to IA cents, August
to 1880, while New York July went
to 1888 and August to 1857. On this
advance many shorts have been run
to cover, and while we are still bull
ish, we advise great caution, as f1uc-
tuations will be very violent, and
since SO many shorts have covered,
decline is in order at any time. In
speaking Of the near months, Fairchild
and Hobson, of New Orleans. says:
Locals buying market at the de.
cline on spread of boil weevils in
Texas, and crop sti,i two to three
weeks late. Leading bulls bidding for
Sentenher. Little for sale on this
particular option. General impression
New York and New Orleans longs will
take care IF Fridays tenders and run
September Hp. they being in posses
sion of Americas visible supply
New York closed July 1884. August
1856 September 113S, December 9.93.
New York SPOTS quoted 40 points
higher. niddling 1890; sales. none.
Following is summary Of the gov
ernment's weekly report:
Louisiana-Cotton, though back
ward and irregular, is in good state of
cultivation and shows considerable
Improvement.
Geureia-Cotton fields RAPIDLY freed
from grass; plant is small, but gener-
ally healthy and improving, taking on
squares; blooming in a few sections;
lahor sca1ce.
Tenncssee-Cotton is small; not
gr wing ell.
Alabama-Cottcn is small: growing
slowly, but healthy; generally clean
except on lowlands; squares more gen
eral; few blooms.
South Carolina-Colton improved in
color, but cool nights checked growth.
and hindered cultivation; grassy fields
general.
Arkansas-Cotton beginning to
grow. Stand fair; color good.
Flolida-Cctton we'll cultivatea;
small but generally healthy; growing
slowly.
Mississippi-Cctton small: very
late: growing slowly; stands poor in
portions of delta.
North Carolina-Growth of cotton
slow; lice injecting it badly.
Oklahoma-Cotton in poor condi-
ton; badly damaged by web worms.
TeXas-Cotton chopnad to fair
stands; plant healthy and made rapid
growth, but still two or three weeks
'ate: early planted nUfting on squares
IN moth and blooming in southern
portions; boil weevil becoming more
numerous and report ted from addition.
a. countias in south central portion.
hnt HOinr vary 1it+1o -ct,,o1 1lo p,oro