The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-12
TgE rOTrON MARkEr.
A July suuee,e IN sew orleans -Had some
eWer, 1leve-Stuj tist and Dry IN TeNas,

Three things lorded N over the Ne" 'orN
market and lifted n willy nilv, IheN "ete ="
July s1nce7r IN New orleans. rronE cHne,
t,nr, Iiyc,nooI and yer, hot weather IN Texas
Thu, caused covering on d'te n ihU sur
hero. though tho advance vas no. 80 arel' 20
1, Now otlcara There are those VINO mink
,ha, tho lulv short interest here "a NJ no sn'al
nrouortions Tho cert i0Cated stock IN Nc"
orleans Il NrrN small
pry goods report arc in inc mann 'HN"'au''
and unless thcro Ia rain and cooler "ee'h'l
pret,v soon IN southern TeVas there NAV Wv
n weather scare. Npw Orleans ahd 'he No"'"
houvht hcre and there WAS also q g'od ne"'
Of general covering, not onN 'of room "'.'"
tors hut Tor outsiders, including the wall
street element
There ia no idea that the crop In Texas mas
as vet been seriously damaged, but no season
masses without n v weather scare, ana " " not
denied that lower temperatures and rains are
need ed In the southern portion oi ieSas
Tho Government practically reduced us
estimat ed increase Of acreage from ~ per
cent. 10 4 per cent. allowing for errors las'
so.son Tho question arises. What security
has The trade that It's figures are any more cor.
rect noy7 IL Is suggest ed by some CRITICS tnat
hereafter il would be we'll for the Department
or Agriculture to have us reports ylSea us
the Southern Cotton Association. which s'ates
the Increase in the acreage this season at only
sbou, -, YER ho q Gs r., =, ed by t om,side Influences |.
whv not give the consun e. n voice In, me mat-
ter3 4 good many people in the trade believe,
whatever may ,hs be s sa!S {" rs Is G abons MAT. the
Chronicle put 1t, that is, in the ne'shoornoou
Of 10 per cent. una
something Of an object lesson for those VINO
had been freely selling July Tor the shors
account, especially II the shoT, 'htethest / rs
ADVANCE in New orleans certainly created
more or less nervousness ana u may pe tn AZ
I Later &, on ,b In,e ontin here eTse'G Meantime Liver.
pool is strong and for four days past al a
number of points in Texas ne temper No oes
claims that any very serious damage has
yet been done. but such high temperatrres
In n the the e Ei;hou e Of InI rnlH r ssm q sV to the plant
This seems a foregone conclusion. me
weekly weather report t9iidaE: 80 ~, Jar mas az o II
less bullish. New orleans was a good buyer
here and it Is worthy Of note that tho suppty
Of certificate cotton there Is very f sniai l.
seems reasonable to expect n SHARP ADVANCE IN
the new crop months. the short interest," IN
ment pract ically cuts down its estimated
increase in the acreage about ? per cent
and this may have some enect on hwsestber
to-day. 1t is largely however a weather
Messrs. Norden. Mcintyre, Bache, Sieden-
burg. McFadden and freeman N y ware
sellers. p..uh,o uiu
Henry Clews 4 Co. said: 'Eyerythine VII
now depend upon he srasor. ara the iact maj
ne cron ia late in many sections, while Others
are comnplaining Of small pla't :, aud will re-
ouire almost ideal weather conditions 70 pro-
pected heavy demand for CONSUMPTION next
season. For the present no nptoward move.
ment in the market Is looked for either way
unless there should develop some chan se in
crop conditions which could hardly be for the
better, and anything on the other side would
Immediately advance prices, ,,
Cotton on the spot advanced 5points. Mid
ding, iI.25c.. agains, s,ooc. last year. The
Southern spot markets were mnchanEed'
10 1890. Savannah. 1919. Charleston, loAc.
The movement was as follows;