The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-03
CLOSING 0'Or ,TIONS.
THE COTTON MARKET.
Cote on Bulls Ignere the stock Market
spot situation Firm Futures quiet.
Closing I nehanged.

Under the domination very largely Of the
stock market cotton al times show ed more
or less depression. Resides, the weather
was generally favorable. in spite OF rains at
the Southwest. which may possibly give
farm work something Of II temporary set
back. Wire houses Nere selling, The out
side public. with it's eve on The stock Ex-
change, seems more than ever sNerse to
haVing anything to do with cotton, especially
ia 1t has been badly bitten twice this season
on the long side OF the reecy staple.
Yet prices did not really give way, Liver
pool bought duly heavily. Nobody showed
any anxiety TO sell, Bears were not az.
the bulls, who ARE nor NJ all disinclined, TO
defend their position. In truth, the market
had n good deal OF, an cvened w Appearance,
as regards the leading bulls and some OF the
spot Interests, They may not have fought
opinion IL that they have not But IN any
case Il ia, take IL for all In all. only u narrow
we, sustaining factors are 10 be found in
sucn features ~ the e~ACellen, spot demand
the ,hrmness OF spot pr.res Wh,oh snow u
sihic. than al New York the light crop move
mcnt both to the ports and the interior towns,
The s,sal, SnnlhM eastern s Sng e ef o! Ia ,nSe, nns
by leading bulls and OF MAY by prominent
apo, nES "plsS y. H', a%s sno HI pao ,pSsJ Jmiy appear TO
Very largely. however, Il isa waiting market.
with he Gaye Of the average man rivotsd on
the, palace in Broad street called the Stock
4, O. Brown 4 Co, said The cotton sltua.
tlon itself shows no real change. u IL az
market Ia for the time being undoubtedly.e
disturbing factor Yet the, spot situation 10
strong %s,rsnsthensd as u "a by good sSadsm demand md
llght. the exports are large, and the leading
bulls adhere to the position which they, have
SSS nS,si"i d ion sq%s there 'I@S p would . Sa@ P 'o Se
nothing TO prevent a further, rise y, cotton.
az tho consumption Ia sllll undoubtedly large
from speculative considerations, L. very prom;
ising, We believe In buying OH declines and
taking profits Oh any ,ialr advance ,.
McFadden brokers, bought May, and sold
July, Me-srs, Weld, fcrnin and Marsh were
buyers, McSsrs, Leo and W"nman were
hubbard Bros, 4 Go, said The h4otHa,ISns
'Esd Any yo sGTGr%, % nc iSd"SS al al s seanSs G,fSS or
"mwaitins the advance ,whtrh has been. 40
While IN tho North the aftermath OF the caiam.
~ In San Francisco is, making Itself fell, 10
many quarters Where , ,sSs' eSpsSiea' ahis
TO the grow ing crop, which has not appeared,
well, tho conditions In the main being directly
the reverse OF those Of last season, Some
complaint Ia heard Of. the scarcity. OF labor,
farmer TO plant all the cotton he can on his
plantation, Any comparlsop Of the acre
age this season based on ne Go~vornment
misiesdIns, a. the yield cast OF the State OF
Mississippi Last wear must have been pro-
given IN the official corrected Goycrnont
figures, We believe II Ia nov accepted In the
trade that the acreage. Will closely approx
innate that Of the largest crop year"
Cotton on the SPOT was unchanged, Mid
ding, ii,75c,. against 1900, Last year; New
Orleans and Gulf, lac, against siSc, No
anlas The moycment WAS ne followA,