The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-29
ENGINEERS.
THE COTTON MARKET.
Dull and slightly Easier-LiycrpoOl Lower
Weather Favorable.

There waN a small decline in quotations. but
In reality it was a sort of of day in the cotton
market. Little business was done and quo
tations hardly budged. A slight decline
early in the day was partially recovered later
on. 1t was really a sort Of standon.
II Liverpool and the stock market were
lower, the weather favorable, crop reports
in the main reassuring. and Wall Street stock
houses still selling to some extent, ii Is also
true on the other hand that the reports from
spot markets we're Arm. spot houses SiSasS were Sre
buying, business in the better grades took
place here Ht 50 points ION" TuIy With New
his coup on Friday IN stopping a large amount
Sss ssSIns to lit Ffeed DE n r5Gm his rs R]is' Ubpooeh HE
were doing most Of the talking. How the
thing win ultimately turn out is for events
seem to be slightly ahead,
The weekly statistics show a much larger
lI@. II las the Sss visible Rri s9fRp sgm than for t lSes sane
' This Week. Last Week. Last Year.
o oiH wSic fSu RRRmerican. s.seeds,,s ssss ]s,ssSSss'jSS!!ss %ss.aaEf9%:ssiiss
Sc sD'. II 81 sls i;Sb, during r . e'' 'Ses '''S''0o' II ''o6Ai'
oS Wee n s,tn' ou.lDs 12s, 800 1899 S ls7c 900
The Visible supply Of American lost for the week.
Hitler d Co. said; The reason for the COM
parative ~steadlness OF the new crop is partly
because DelOH lu'oO lOI oClODeT exporters
are unable to pay 10 cents for cotton 10 be
delivered during the fall, and as farmers
are unwilling TO make contracts below the
of considerable pressure from this source.
Another and more potent cause is a. convic-
less than expected, and that the Burea re-
Considerably below that planted in 1903:
that the acreage this year would be fully equal
to. that Of the bumper. crop, but scarcity of
labor Il now is $50 SO sH!1sa that ds as such imr a lf5EG acreage 4Hfs
overshadowed for the present by the de.
money markets, It will come promineHtiy
to the fore the moment existing favorable
weather conditions become less promising"
we're MeSs Sellers Ps'nS &e aaSS; ' Richs 2 S0a R; Ni Kay.
siedenbnrg and Shears9n we're buyers.
of the market continues to be the demand
for the actual cotton to meet the require.
ments, OF an enormous consumpti3n. This
follow the decline In futures here, brought
Els SiRSp prices are above those Of View YORK He
d das m from %a@y th le'r meffst to 70 b a9ee'hbi Ii: Tfiimrse .
pool. which has continued to be a noteworthy
feature, is in striking contrast with the
the opinion tbat Manchester's trade has seen
its best for the season. This is a mere opinion:
Our advices from abroad are not OF g. kind
to make us agree with any such opinion.
And from what we learn from sources which
we regard as Trustworthy the condition Of
our domestic cotton goods trade .is very
satisfactory. Cotton yarns are considerably
higher at the South than they were a month
ago. San Francisco Is already sending i'm
portant orders for cotton goods to replace
those destroyed by the recent fire. Mean
time the visible supply is rapidly decreasing.
and there are those who believe it will dwindle
to a very small quantity before the end OF
the, season. Spinners are believed to have
sold their production for months ahead at
good prices, and unless current reports. are
incorrect they are not carrying very large
supplies of raw cotton. and are therefore
Obliged to buy steadily at current prices.
whatever they may happen to be, In ad-
dition to this steady drain on supplies, due
to the demand from domestic mills and also
from European mills, which, the reports
state. are similarly situated. there is the
large prospective demand for July. October
and December. in which there can be no
doubt there Is an enormous short interest,
partly for account of Southern operators
and dealers who jumped to the conclusion
some time ago that the acreage was to be
greatly increased. that the crop would be
large and prices greatly decline"
Cotton on the spot declined s points.
Middling. ll.70c:, against 1850. last year;
New Orleans and Gulf, II. csc, against 500.
No sales. The receipts were as follows: