Pine Bluff daily graphic., 1903-06-28
y i. % = ss i. =. + = - 1. 4. + 4. 4. J.
:. r
!, COTTON MARKET. +
). +
!. T. j. i. e ! = + !. < f. : + + !. +
Reported for the Graphic by c. Z
Taylor 6. Co J. =. Ward,

Reported for the Graphic by c. Z
Taylor g. Co. J. =. Ward,
anaeer.
The staple has become SO scarce
that the price of middling has almost
reached TIE value of tie lower g a;-es
Of wool. Middline Saturday at 13 5-S
is the best price since September
1876 Variations in the worlds visi-
bic of American, show spinners to
! have taken even at this level 10000
! bales more during the past week than
: last year, 109, 900 against $4,000 last
wear, the visible supply of American
having been reduced to 1892, ,432 COM
pared with 2&57 259 year ago. June
2utn. Tie 2yaila ble of American show
Ie. 4 t.ol.til OF 1870 coo bales when COM
pata,: W. last year. The deficit
= i!.-5!!#. 465,Gv0. Liverpool i'm
rrrto4 = American during the
vool5 aosi@:t 600 last year. sold
!, - Gee aa.s5let 90 900. and now holds
2 stoek ol. inclr ling afoat, 474O 600
compared with $4,000 a year ago. In
oluaine ~ binds Liverpool has a
stock CT $1,000 against 100000 about
$4,000 less than this tine last yea,
nevertheless mill takings were just as
large for the week as they were
year ago, $4,000 against $4,000. Ca
bles from the English market Satur-
day attributed the easier tendency Of
sur,y~cr t,oeitiOns there to eXpecta-
tons of cotton shipments to that mar
net fror4 &c American bull clique.
In cther words. Liverpool was un-
avoidablv affected for fear that
An?o,iecn holders of contracts would
deliver he" what they received on near
months s. ont TIE question arises,
What if such was to happen? What
protection would shorts in August in
America, have if the cotton be eX-
ported from the States? In the event
of acceptances being rendered on
Liverpool early fall deliveries the
English market might reflect this &C
ticn in 2 lowering of values. but the
reverse of affairs would dominate in
American markets. and it may be
that longs are working with view Of
bringing about such a condition. At
any rate it seems plausible to think
that VII cb over side Of TIE atlantic
holds the takings on contracts. which
will be about 100000 bales, prices will
naturally suffer for that reason. and
os lcnes in Ame ica ere dean7y intor-
ested in New York and the local mar
ket, Shipping to Liverpool IN order to
set rii ef their holdings seems to be
an outlet that Will aarva rs purpose.
Weather conditions ecatinUe rnfavora
bic, showery condit;"as in the west
and central portions of the belt eX-
ceseive rains in south Atlantic States
end ten DeHatuTe remains below nor
NAL with the maximum average for
TIE belt figuring 10 degrees below
eTen cate OF !2St year. "a against 90.
The Chronicle Of Saturday, told Of
scme Improvement to the crop as the
result cf the past weeks rain in the
E>Ut17, which as a rule were said TO
be liyht and beneficial to the cotton
cop. Tie Monthly Bureau Of next
T 6oy is expected to show some i'm
rrovelrent ever last month AL. and
will ccmnara With S4.7 last year.
FAIRCHlLD E. HOBSON.
New, York closed July $50. Aug.
1856, sent. 1890, Oct. 1G.4S-ia
Dec 9.oo-10.
New Orleans closed July 14.14 Aug.
14.24-2G. Sept. 1o.22-24, Oct. 10.35-36,
Dec 9.S8-S9.