The sun. [volume] (New York [N.Y.]) 1833-1916, 1904-09-17

1t would be torturing the truth beyond recognl'
ing ing or interesting or even Very edftyins in The
SSme,cs sense in 70 days cotton market ;no
VIM spa ssea ;ef sa s g -, the .. s,AsI;
Of things in ihs trade decline took place early
vorable weather. prediction in the main de-
and anG s' By &
houses and some OF the local element. Including
5Saps slG 'H s sad s wan street
was considered an indication that the ,,, Gov;
points hlsher than this, Ii. ,heretore. had no
bracing effect. although 1t showed decrease OF
R scurc. as on &as So web sspG on
partly II was supposed for Wall street, and some
sssh %Pd and Su fSynFd
everybody Is awaiting further development be
0i Dick SN BROS CO. said TRere was further bear
pressure In the forenoon on the expectation OF
on The good showing by Miss Giles in her semi
monthly report. The smallncss OF the market,
Selling orders were absorbed aud aggressive bull.
Ing by the ring began j. mus, be sdm , hey how,
i Would 's Se e ' To emp
be above Is per cent: while the ten year average
would upset all calculations aud, as present tenn
,h 6sow 1ns eo9 ex.a sse
than las! year, when killing frosts were reported
on Oct ls
Dispatches from some OF the Southern markets
stated that there was a falling OF In spot demand
by holders. The fact that shipments run well up
with receipts does not altogether bear out this view
In fact. dispatches from Texas state that farmers
are hauling their cotton back home when they
cannot get at least 10 cents In their nearest market
Mixed as the situation Is lust now II Is question
whether traders are not placing too bearlsh con
strlction upon the poor state OF trade. So long
as the country is prosperous II must buy cotton
goods. As rule. the speculative markets antici-
pate trade improvement which always comes In
time. The professionals take ADVANTAGE Of this.
and when the outsiders ind the improvement
reality and enter the market they are surprised
TO lay too much stress on the reluctance OF jobbcrs
to enter the market for goods. The situation
could change in a night. and II would take little
longer 10 clean up the entire stock Ia this country
posedly buying more than they sold. Howard
Wilson's buying In the last hour was feature
J. Wenman sold heavily. j. Riordan bought freely.
j. ). Bache & Co.. said: The lower Wall street
party was believed TO be selling through one set
OF brokers and buying through another, while
other operations reelected evening up. II was
feared that reports OF damage would soon begin
come in rs result of the recent cold wet weather
On the other hand, reports from the south In
dictated an satisfactory demand for SPOT cotton
and It was hpprehended that the increasing Irove
mcnt would eventually break prices Il accom-
panied by favorable weather. Between the two
IDEAS one seemed inclined 10 do more than scalp
for the time being with the disposition TO await.
rather than TO attempt 10 discount future develop
mcnts.'
GRAIN heat-Spot was dull. No sales No. ?
red winter. Ic. over September price The North
western RECEIPTS were hs' cars against 2as last i
last week and 50 lnstyeaT Futures closed l1<c. to
2i&c lower. Sales. 100000 bush Prices