The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-08


Tho tenor OF most OF the cotton news was con :
sidercd bullish. but tho upshot was decline. IL
is that tho trade put rsihsr queer cca.'rlio-
sidsred can hardly DO regarded as anything bu.
distinctly bearish, for II UP to Jan 10. i?IsIeoo
that the. crop mus, DO something over 100000
bales; However this may be the ngures were
too Liverpool WAS Unexpectedly strong tho ro-
ceip,s continued light. the estimates for Houston
South was bad. which means not only delay Ia
marketing, but delay In Geld work In the moro
sds.css 20 70 show that II the spinner is holding
aloof the planter. II anything. goes him ono better
cline or even anything Ike the present ruling prices
much as they are above those recently current
Wall Street houses were buying freely and some
long account, The bears. however. STACKED
OF long liquidation became apparent and the down
ward movement OF prices was accelerated by
selling by spot interests. Rumors circulated
too that cotton is likely TO be brought here for de-
livery on March contracts, although there are
those who prefer 10 believe that all the cotton tina,
can be got hold of at the South VIII be used for
nnlng export contracts.
7. a. Mcintyre & Co. said: ON any further rise
the heavy speculative buyers OF ths past fortnight
will be sellers TO secure pronts, and the old bear
prices thr pas, month and who covered very largely
before the advance OF last week set 10. will also be
two sided and reactonary market In tho near
future. and VIC would now rather advise sales Of
10 adhere TO the bull side at tho momen, in the
expectation Of seeing any further advance Of In, .
sinners report. showing l,7s7.ooo commercial
bales actually slnned up to Jan. 10 indicates that
neighborhood OF 1900 900 bales. as We must allow
1000 bales for the CITY crop and hnters 70 be
amount OF cotton ginned for the seAson have not
yet been gathered This We calculate will have the
enec, inducing spinnes and spot de.lersio r.tnso
Messrs hagedorn. Freeman. Lehman. Norden.
Hopkins and David Miller bought Weld Co.
heGaYH GXAkhmeT.
Mitchell and Fadden sold.
Miller q Co said No matter how we look at
the Enners' ngures they indicate crop Of approx.
mAiey I3.jooooo bales; and Il Is dif1cult TO under.
However. as we have said several times recently.
the public IL no longer Interested In the size of the
mediate nature to solve, the principal Of watch Is
10 satisfy tho needs of exporters who have cotton
10 SHIP durng ne present month. That they have
thc rise admits OF little DOUBT but until they shall
havr completed their purchases. the situation viii
continue. In the main. buIlish one. To days
ginners report wAs but a one day wonder. and We
must again face the problem OF finding the cotton 10
Gs.Is.-Wheat.S was dull; No sales. No
were 2s3 cars, against 2oi last week and SIS last
year: Chicago p cars, against Is last week and -
Sales 100000 bush Prices as follows;
op,nino. Highest Lor,r clo,fue Nfo Ss,
fss, is s., iS 81! iSSl'' is; is;s
N
Natural white. 30 10 81 lbs. 3sl1 as7tsc Corn was
STEADY on the spot. Sales. 2+oo00 hush No ?
mixed In elevator 64i7c. Futures closed noml-
naly sc. lover. Prices as follows:
cioHno. Nom.
May s-..s..s..+st sfstsss .-s.-s+ssstH BOY JOA
july ........-t-.. ..-.t...... .-... So9. s0,
The following shows tho grain movement
TsT so Io,s . c1sn . 99 HD' Hsr;g
EIports..-...... .... SOS. is.s7o 49,.
ReceIp sso 1900 ss7ooo $4,000 5000 - ooo
Shipments. 5000 $4,000 2oS.OoO sooo iao 900
Shipments ..... 2S,ooo .... 1900 2oo0
There were no worry striking development. in
wheat to-day. The speculation wAs narrow and
professional and prices continued TO move within
narrow limits In the main the tone was stronger
lith,ness Of the crop movement and an absence
OF selling pressure Al one time prices weSI,nsd
slightly on beahsh Bradstreet statement OF avail
able supplies. but the recession was only iempo
West were buying and the Northwest bought 10
some extent The total primary receipts wer,
only az7 900 bush, against 6+eooo last year. Com
mission houses did very little either way but wers
ntapolls has decreased 10000 bush thu, far
this week. The weather al the West was nnilder
and the snow map showed ample covering as
far south a. TEXAS as rule. liverpool declined
abe news In regard 10 the Argentina situation
Budapest declined sr Berlin was unchAn9ed
Minneapolis despatch said. During January
Anthony and Dakota Elevator Company reduced
teeir country stocks N per cent Our receipts
viii show decided falling OF from nov on me
available supply IN this country east of the Rookie.
oepre Ased LOO 900 oush, but there an Increase
- HblSrysnf 900 bush. making Ae nei eAAprs