Pine Bluff daily graphic., 1903-06-16
+ + + + + + + I. 1. = !. + + 1. i :
COTTON MARKET.
= + !. + j. : + j. + + + j. + :. /. /
Reported for the Graphic by c. c
Taylor g. Co., J. A. Ward.
Manager

i.;"e@poo. t@is morning was disap-
pointing being oaly four points u
81 sumner options aaa t>43 points
higher taaa yesterday on tie late
nont1s. Spots We're quoted eight
points lower, miJdlins 7.04 sales g.
90o. After the opening Of Liverpool
that market declined and closed seven
to eight points lower than yesterday
on futu es.
Our market opened ten to 1Ws9ve
points lover than let nistt or tie
weak Liverpool bet held steady at the
open:ng Ie#e' in anticipation Of It
Jullish government weekly statement.
THIS statement proved to be 10 more
;5nlish tan had beer expected and
discounted, and as q consequence room
traders turned sellers; the outside
soon followed suit. In our letter Ot
yesterday We advised our friends that
shorts generally had covered, and
due for reaction and advised that
We considered it unsafe tc buy cotton
until we had a good decline The mar
ket now mas a decline Of twenty-five
70 thirty points from last nights close,
and Wi!ile we do not advise purchases
yet awhile. we don't feel that it is
safe to follow this decline much fur
ther, for should another short inter
est be created, the market will again
ell. The price in itself looks very bear.
ish and at this dizzy height buyers
should try if possible to have ac-
counts evened up at every nights
close. fer there is no telling what a
day may bring forth. The New Or
leans Times-Democrat of this morn
ing's issue says:
''How long is this sort of thing 60
ing to last? The answer must needs
be a mere echo of the question. 1t is
entirely certain, however, that the
great excursion train is ter. IDLY over.
crowded. The Pullmans are packed
with people who are known to be
riding on scalpers' tickets. The road
is an old one, according to the maps;
Deadman's curve is not many miles
distant The bear has faced rise of
4 IL cents and faced it we'll. Let the
bull be sure that he could face like
misfortune with euaul resource and
nerve. Ordinary margins are of no
account in such a market as this.
Thousands and thousands cf bales
are held by trailers. Behind every
long line Of this sort there is stop
order. It thus happens that real
bolt from the blue would preaipitate
an avalanche of paper cotton upon
the ring. A word to the wise is suf-
ficient. For the unwise stout club
is the only thing. Candy comes in
sticks, and so does dynamite"
Following is a synopsis of the week
ly government crop report:
Tennessee-Cotton checked by cool
weather; cleaning out in rapid pro-
gress
Georgia-Cotton very small and
grassy; growing sl.wly, and three
weeks late
Louisiana-Cotton in sandy land i'm
proving, but bad effects of cold
weather most marked on black land
where plant stopped growing.
Alabama-Cool weather checking
growth of cotton, which is small but
healthy; some squares forming;
worms damaging.
Florida-Cotton advanced; fruiting
slowly; much grass cool weather un.
fovorab,c.
South Carolina-Cctton is small and
healthy. but growing slowly; was
checked by low temperature and lack
# cultivation.
Arkansas-Cotton is small and
stand fair; grassy in localities; somo
lice: chopping we'll advanced
North Carolina-Ccttcn growing
1lcwly. but plant healthy
Oklahoma-Cotton in poor condition
but improving.
ToXas-Cool, cloudy weather. un-
fave able for cotton. but rainfall ben
oticial; cutworms doing some damaoe
in north central sections, and bol!
weevil present in number of counties