The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-06
Executor

In Texas and the Mississippi valley. o hurrI-
cane at New Orleans. une pectedly strong
prices At Liverpool. talk Of q practical corner
in October-November there. = sharp demand
for October here. fears that the local stock
may be absorbed by New England and Europe
small Houston. and New Orleans estimates
for to-day. the light crop movement. strong
statistics and finally a big demand for both
sides Of the accAunr from everywhere. Local
operators. wall street. New Orleans. the
South. the Vest and Europe bought. On
the Tiss there was a good deal OF rcaliyina
and some sailing for q decline. on the theory
that n rise OF go Q bale within q week calls
for q reaction. but the market absorbed
the offerings very well indeed, the outside
public. more particularly the Southern public,
buying more fresly. mainly through the wire
houses. New Orleans Is also q hotbed o.
s snscmnnsd hhsUsHFe !. .r q bnII 10 ppedisctins a
bullish November report by the Govern.
menf. That report maythrow q flood Of light
whether Il viii be as bnllish as some people
OK poet. In all probability IL viii show a
decrease in, the condition. perhaps q large
decrease. but by that time il may be dis
There is n doubt however. about one
ming; ! the emfnd Lor tne sG.nas SSSs11
cSsse Of the diss ppointing SLOW ness OF tho
"nxiety q the mills at home and abroad to
After 50 Wild a market during tn. last
prizes. nothing would be less sur prisins than
a sharp setback. But should the weather
be a. all Ihr:s,snlns; sspecislIy should tn.
10 threaten frost the advance would un-
doubtedIy be resumed. t. is. for tho most
tsnde ncy Just now is 10 reduce crop estimates
to ~ 100000 or 4. 1000 bales, where recently
very many belieyed the yield to be la,0O0.ooo
hut their number is small as compared with
ten days ago. The weather in the Atlantic
StSsts we. BETH y, r. SSi ram ana was as. STes.o; sS . sCr
rain is not wanted. II would be almost as bad
Dick Bros. a Co. said: with the market
In It's present temper IL il suicidal to be bear
ish and madness to be conservative. The
type OF market advices is highly infia mmatory
with every regard for the picturesque In ex-
pressing the damage to the crop and the ur-
Reney Of mill demand. 1t Is Idle TO venture an
opinion as ia, the tmmediate course OF the
market. In time we believe the lowering OF
the grades will tell = ga inst the future markets.
although the Ina ability to obtain high grade
cottons may cause exporters sn6 spot dealers T
also believe that the farmers will be free
sellers for several weeks TO come and that the
mated is In no shape to sustain the pressure OF a
moderately heavy movement" 4.
Messrs. Price. Hubbard. Bache. Hutton.
Buyers. Msssrs. Weld. shesrson. Freeman
and Mitchell were sellers.
Baily 4 MONTGOMERY said: Further bullish
information came from the dry goods trade
and from manufacturers in New England.
both OF whom seem to be Impressed by the
char ged situation as regards the raw ma =
terial. We are having entirely too much
rain In the belt to look for any material re-
action In cotton prices and we expect the
market to show continued Improvement until
Il is demonstrated that the crop IL going to
prove much larger than the world will require
the COMING season. and this does not at present
seem likely"
Cotton on the spot advanced Is points.
Middling. II. IOc, agSinst u. zoe. last year:
New Orleans and Gulf. II $50, against 10. 4Sc.
Delivered on contrh cts. $40 bales. The
Southern SPOT m-~Sets were generally = to
&c. higher. MiddlinR: Galveston. lie. New
Orleans. I0kc. Savannah, iOt6c. The move
ment was as follows: