The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-24
THE COTTON MARKET.
Marrow Fluctuations, ENdink with q small
Advance -Rnormous Recefpta-Cold
weather In the @QuahNeat.


IL was a narrow. prcsessioas! market. with
small changes for the reason that the factors
pro and contra about balanced each other.
That is to say. while exas had In one section
a killing frost the weather In the main was
better than had been expected. il some
prominent operators bou ght freely, others
sold persistently and spot interests were also
steady sellers. II some reports seemed to
encourages the idea that after all Of a good
crop had been raised. one Arm issued an
estimate Of only II $50. 900 bales. or 1000, 900
bales less than the worlds consumption OF
American cotton last season. II the weather,
taken az q whole. was favorable. the signal
service predicted frost for eastern Texas,
Okla h0ma and Indian Territory during the
ment was extremely large. the bulls Get 1t
down TO large buying by ANXIOUS splnners
and not TO- large crop
for to-day are comparatively large. that for
Galveston 10 small. that 10 20 say, about the
same as that OF q year ago: UnSer ne clEcnm-
The weather news to-day and the ginners
report tomorrow may give 1t a Jog and IN
IL. That remains to BE- seen. Some hesitate
to buy cotton on account Of the recent big
advance. predicsted or the idea Of serious
damage to the crop. which 10 contradlcted
in some quarters. In any case they think
prices high enough at the present.
Others who in different circumstances might
ttl ~ tAOAI hCStNoNO W. Nv W. hY" W.
Of the big consumption and the prosperity
Of the dry goods trade on. both sides OF the
water: as well as 2 fsSs Of Su9 an msn mSnn STe
holding aloof sHeiting further developments.
The weather In the end viii be the supreme
factor. as IL will decide the size Of the crop,
il must be a large crop IL prices are not to
reach a decidedly higher level then that
which they now occupy. The present large
1908 at this time and for some weeks later.
exceeding in some weeks those OF the hlgh
record year Of leot, though he ogS crop Vas va
Prices support helped to sustain prices in the
teeth Of the big receipts. nearly the largest
Theodore H. Price said: while many lay
stress on the l~steness Of this years crop.
as in a measure Onsetting the small ginning
in mind that in the state Of Texas, which is
mainly relied upon to furnish the lions snare
OF the Yield this year, the crop Is eHcept,onanS
prior 70 September than in any year OF
which the census furnishes q record. Bearing
incl Inclined ned to believe that L Is safe TO assume
that the forthcoming report, whatever II
may be. will show an amount ginned up to
total crop. Il b also well to bear in mind.
in making comparison. with last year,
s ana t ssst 'V 1se S dtser saSSsp between SSS sn't tbs isS are
and that OF the commercial crop was a carry
over from the previous season, upon which
We M Ssano' P Tfesop Hutton SttttS Mcintyre. Castles.
Norden and Mitchell were buy Mesers.
Hubbard, Wilson. Crutchheld and McFedden
brokers were sellers,
Bartlett, Frazier h Darlington said:
The market IN beginning to give evidence OF
cold weather in the northwestern section Of
the belt, which has not a. vet materiallIed
and expectations Of a very bullish census
ginning report due on Thursday, which Is as
vet among the OF probabilities. The ginning
figures NAV come very hnllish. but unless
decidedly so we think the chances are for a
dOunwaVA turn m n few hiQ traders are
carrying the long side. while the public interest
10 small as yet and appears ready TO favor the
short side on any favorable opportunity,
Norden A Co. said: "Ou estimate OF the
cotton CROP Of 10000 IL a. follows: