The sun., 1906-02-17
ENGINEERS.
THE COTTON MARKET.
Cotton Highcr-LiyerpoOl Better Than E1.
pcCtcd- shorts Cover.

pcctcd- Shorts Cover.
A stronger tone was apparent though the,e
was nothing like cXcitemcn, in the cotton
| market at the present time, and so far a,
| Appearances go there is nothing That md.
| Gates that there il to no any excitement 10
! the near future. But IL tho market Is mall
! it seems to be firm. At any rate it doe. not
| give way except for the moment. SVlnAes
want the cotton.
As soon as bearsh pressure : rolayed
prices advance. The Liverpool market was
unexpectedly firm early Manchester wants
cotton and China is said to be- buying soof,
here on u larger scale, despite tn" talk Of
| boycott of American manufacturers.
The crop movement continues on a very
| large scale. both to the ports and the IN.
| terror towns. but the bulls think that th,
| calls for no serious consideration. a. wear
! ago the weather was very bad and H." South
| was holding back cotton nnyho" l'sdes
prices a year ago were %! cents lower than
they are now. Bulls think that tn larger
/ the receipts at the present tim" ~" quicker
! will come the perpendicular falling of later
| However this may be. it is certain that
| many who we're recently bearish dre now
| bullish. believing that the crop IS moderate
and that every bale will be needed to meet
the de mands of a prosperous season Oh both
| sides of the water.
T.. F.. Hutton 4 Co. said: "Thc market
| this coming season will bc NOR" sensitive
| than ever to reports from the South urcsard
to he crop. dc. Spinners are against any
| decline in the raw material, not that they have
| their stocks. but after the decline of cents
per pound in raw material the prices oi man
| ufactured goods have shown gain Instead
Of loss, and if raw, cotton should decline
further it would tend 10 weaken the prlc9
pf
occur the shorts would be the only ones Who
would benefit by the decline, as it wodld b, oT
World from q, financial standpoint While
the market still remains very dun and nai'
no doubt in our minds but that it is veE
heavily short.
Messrs, Bache, ,ssbearson, Hubbard. Dpcs,
ers. Mess rs Norden. fernie llcnt2, Nc Faddea
and New Orleans interests sold.
Hh Muh s% sT8 I'D S"@p Is snG my g.
spinners. who have heretofore held thei'
staple at interior points. This can only mean
when in our opinion receipts of cotton vii
be very small Bear interests ar" irving
very hard to detract the public attention
from, prices, of actual cotton IN the soa'h
good condition of the dry goods bu.incSs 10
what they say will be big cror n"N' y"at.
also claiming that the market will h" under
the influence of a new crop In the near 'NtNre,
This influence. however. might be v"ry much
against "A lower level of prices for u't"bet
and December options, which are a. present
but slightly above the 10 cent level N,ncH
are, becoming, dull. outsiders ,l,osins n,eresl.
and the public attention will ,naturaiF ba
attracted to the cotton market should 4 snow
a tendency to- advance.
Cotton on the spot was UNCHANGED. Mdl
/ ding, II .25c. against 1.90c. last year New(
Orleans and Cult II SOC. against :, l5,,, NOBLE
advanced l-iSc, Galveston aYd N'nl,sc'
bales New Orleans ?. 40 Mobile 500 suvpnrsh
800; Memphis. LOCO; The rcc"'pla To-day
tn d7v Last Week last r';,
Weeks total .......... $4,000 1880 i'N
The otalmovement at the twcntv-cth ran.
cipal interior towns for the week wa as 'o'
lows
This Week. Last Mc'F Ll',.yy@....
sslDRs"'s ssoSGs'', 'sSia; ssisis sis.sS; iss s'
Estimated receipts:
Houston ,,....,, 5000 $50, 4.3e, go SO,
Galveston. Iii 900 1922 st5G sM .sG
The total exports from the ports were Il .aj'
bales.
Futures advanced to 10 poiqt,, 1u' !oS
part of the rise. closing to j msh.f W,aa
the tone quiet and steady and tn" 49, ln''eu
sales 900. 600 bales,
,. n',s,s,. 1ercn oc'2,,,a7.. r':, z. K.
MMsych:iiS MsTio6s g Sss Sss iS iSas iS SiS 8 & Z s
,,qly. ,....iiolG? 10, lIG ,ii@7 g-.ln
August. O9' 100. lOO3H luP1 ," ''""
Futures in New Orleans were as fon ".
ODrn Ht7h LTr- C.1s. '''f
ma 6s'. 'Si nc q.
March. 1oW los = =
%Sy S"ly.:.lSsa Il2, ~ i.S i9S 1% aa
In liverpool spot cotton adva,oc! i".ni.,
Middling sod, against a?3d las' yea,
Sales. 5000 bales; imports, io"" i'l,e
advanced 3 to points. lost of the f'-0, ..'''
as follows: ,.,.
Friday. 7hUrsdy, i'TYim
February March.....s " - '"
April-May ....,,....,A,7s u i
june July, ,...........5 S3 5s. :.
August September. 50 SO ~