The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-03-18
THE COTTON MARK EFT.
Prices Rise-IAverpOOl Bullish--TheOdOre
Price Reported Buying.

Strong cables. bullish statistics for the
week, bull manipulation. covering and some
outside buying explain the rise. Theodore
Price is expected in New York tomorrow
or the next day. and if that Government
report TO appear on Tuesday makes pleasant
reading for a bull it is supposed that Mr..
Price will make cotton market quotations
unpleasant reading for a bear, II 1t points
to 10. 400, 900 or thereabouts it In supposed
that the effect will be bullish.
T. A. Mcintyre & Co. said our opinion
"a that the technical speculative position
of the general market has been improved
to such an extent that this of itself could be
made the basis for an advance of. say. about
half a cent per pound from the present level
with any reliable and strong bull leadership.
We advised purchases early Yesterday morn
ing for TIE first time for , a nu96er Of weeks
on the change in the position OF. Mr.. Prices
leadership and its sold out condition for a
coming report makes the total yield of last
seasons crop less than, l0.5OO, 900 bales We
/ ish, in view of the uncertainty regarding the
| start of the new crop, the uncertainty as
TO the question Of the acreage and. the con-
tinued unsettled weather conditions. We
therefore are now rather inclined to favor
purchases of the late summer or early fall
! options on all further soft spots from this
level for moderate turns rather than further
advocate selling operations pending further
! Messrs. Weld, Henta, Marsh and Mcintyre
were buyers. Messrs. Norden and Mitchell
were sellers.
the end week show steady absorption of cot
ton by spinners, The decrease in the visible
supply was Il, 900 bales. against "a 900 last year.
Takings by mills were 238 900 against 230, 900
( last year. AZ an evidence that consumption
is greater, than last year We call attention
Chronicle, which places European consump-
ton at III 900 bales of 800 pounds each per
this Su Gh fhs SANE sags m al d deii sfes' are ag pTnnise
sixteen pounds per bale lighter than last year,
and this therefore foreshadows a considerable
cable was bullishly construed, although the
stocks Of European %spinners were said to be
date, AS, to the future course of the market
a great deal will depend upon the census
report on cotton ginned for the full season.
well discounted in a bearish sense, and unless
the figures are mulh above Ilo,51o,ooO bales.
we hardly see how it can be a depressing
The statistical position as made up from
the Financial Chronicle is as follows:
THIS Week. Last Week. Last Ysar.
$ $s$Hii i s s,s$S 5i'.s: ::SS::5%i : s:s$;;$ : s:sssiss: s.
0f ing w sptG S'sn' our. 14sJsso 1s7,sos ,,soO
Cotton on the spot advanced 10 points.
S SsIs. o , lee s. Hnd &c Gull aG,,I II SOC, against s4se;;
prices unchanged to sc. higher. The receipts
to-day were as follows:
Port receipts So. $4,000 1880 1870
Augusta.."...,.... w 1854 t,TeS
Memphis. ....'.... NI 1852 4olb
81. LOUIS ,.''.'.... Sbn 2,2l Sl6l
Houston, .''...., 3'eH 2,oo3 4.0t5
The total movement at the thirteen principal
interior towns was as follow
To,dav. Last week. Last Year.
Receipts ''''''''.'' s6D 1855 1856
Shipments, ..'..... .l2.TS3 1853 ll66t
Estimated receipts:
Monday; Last Week, Last Year,
Galveston. ~. ?,50o-s.0oo 6,72s s,Ss
New Orleans. i.0O-5.Op 6,b69 p,psI
Futures advanced 10 to II points. closln1
day, with estimated sales OF 200, 900 bales,
Prices as follows:
HoheN, Lorea. Closing. Prsr Close.
Mey,...,... 106I 1898 lo.s9aiooo 1os0SioSi
AnSpst.,..,.. ioss 1875 iS,ssSiSeS io.SsggiiSS.eo
6 SssSG,i 49,. . e. Il i iSeisa lS S.ssiS. e iS SIsSS is
Futures in New Orleans were as follows:
May. icn&s; lC 81 80; Iog cHS,.
Oct. lob io.o ioii io.i7 10 q
In Liverpool spot cotton advanced ! points.
Sales e.Gcc bales; imports, 5000. Futures
advanced S % S points. closing ae follows:
Saturday. Friday. Last Year.
March.Aprl.."".,Se dis
35 siS; S |;E::; i:$ IA III