The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-20
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WkeS,' saps lks v ESTEEM eafiNsS 10 ptlyii"s 20
n lidlne y ~ eva aglomehls During
Wheel Va tRlr,ees bps hsI. 10 he asts, "aSd
q i,se'laf . bush"' the aro"' fe'nfn ~ou'd
.bgnns the sane ysat, ig,-os tho South
Aee pfice Of 10 cent? per pound this would
Censas bureau u HlIietin. No les, 600 zoo. 600.
The mskss : t9,si % 1000 20 fRs e.:
seauently ihs south would receive . gross
mates the cost Of Production az ~ per acre,
net profit ofsiiSo. pr considerably more han
sn ssIe. Of wSsai with The price At a dollar a
ISl:; hey ,A,es, pqIE,: Ig: :Y1 .'a,,. TO .,. s!s
astotke ptohya6leness Of cotton culture.
rhs s.st!siIcel position a. Tcds uD from
S $ss :S 4 i :i: S$!+'.n s:;:::s s:sIsss ,;::i;.$s;
Ins week $50. us1s cans 1891 se
Miller a Co. said. The week closes with
ssrSs'l e we as a. la asV ss StSR %CU after os an upward 20 ard
turn Of 40 points. More resistance to the
reaction was shown by near positions, May
closing u. higher than last week, and July .
better, The squeeze IN May shows no sign
Of abatement. measured by tha premium
which has Increased from 20 to Is points over
July and from 10 to SO over October. There
hAva. been rurnoTs galore that the May deal
has. been wound up. some claim that q
settlement. has been arrived at between the
ehortg and longs. but. this has been fatty
denied. Others say that the leading bull
has beep quietly SELLING, his Mays at % to IS
Els long Interest into the latter, In which
IL Is believed. q large abort account exists.
At best the situation In the old crop is that
OF q one. man market. but with spots so
strongly held throughout the South the
task Of holding up prices or even pushing
them higher Is not q difioult one. The new
crop months, however. are more liable to
legitimate influences. and II IL not surprising
therefore, when weather Is good and pros
poets favorable, that there should be sufficient
selling TO induce ~softness In prices, We
look forward to a ~scalping market during
the coming week. There, are two sore spots
much will tend to cause uneasiness among
shorts. These are the continued dry weather
In North Carolina and portions. Of South
Carolina and the. continuance of rains in
portions Of north Texas and the Territories.
Cotton on the SPOT declined s points. Mid
ding, II $50. against $500. last year; New
Orleans and Gulf, i?.2Oe., against s.55c.
Southern spot markets were unchanged
toi-iec. lower. MiddlinR-Galveston. II 9-lec. f:
New Orleans. II Lice; Mobile. IKE; Sa-
saa