The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-06-06

damage In parts OF Texas and Louisiana
The exports continue, large. The New iork
In another staten Island warehouse contain.
ing about 1000 bales. New Orleans bought
on the break. and q rise there after the New
York closing caused an advance OF = points on
Many are in the current phrase mixed" at
the general situation. The South Is evidently
on the big consumption. laying stress on the
necessity of a big crop. which they think Is not
idI osay not 70 no Ss lo GoIsf ike a i yisId Of o"sl il ! 'ooo. 900 .
bales. Bears say II .j0o.o 900 to 2.5oo.0 Oc. per-
haps more.
and outlook. while very discouraging ct pres
ent TO the bull interests and holders OF cotton
generally. could easily be changed by the de-
velopment of any uniayorable weather con-
ditions In the cotton, belt lasting for a week
or so. At present the bears are In control
and the crop generally s eend TO be ,i d9in g
above the average June ! condition for the
past fifteen years, but we have never gone
disturbances and sudden crop scares. and
IndI.grlminately as we'll as July could easily
ment OF a little bad weather."
Messrs., Norden, Carpenter. Mcintyre. Free
% Reh Elf fiiinse srT MiiIer %' &c. s set5er sied afbsTsi
Dick brothers t. Co. said: we have a
al this level. Prices may 20 somewhat lower
and, they may not. A. any rate we are
must face. Planters have been attracted
by the level at which new crop months have
deliver a good deal ef their cotton during
the early autumn. al prices slightly. above
10 cents. This will relieve the market Of tho
broken the market and permit the South
to sell the remainder OF its cotton in a more
orderly fashion, This is a feature hat should
MT hQ IsarlnnEad Inv thnaa Uhn hnliaN-a 4 rirne
assistance OF the avalanche Of early cotton
weather, adyices are none too favorable,
especially for Texas and lhe Territories.
and il looks as il north Texas and the Terri
tories would have TO choose between the
harN esting of wheat and oats aud getting
Miller ( GO, had the following, despatch
from Washington. June s, 1919; President
citation, who has been in the city since Satur-
day. made the following conservative state
ment after having digested the Government
report on acreaE re and condition: If the Bureau
be a fairly accurate statement OF actual acre
age planted and true condition Of the grow
ing crop. there is not likely TO be any great
" the seasons from now on GONNA re favor
ably with those OF 1897, 1893 ard 1904 the sup
coming crop to meet the necessary. require
msnts Of the mills another year. We do no
wish to create. Intentionally a famine in tie
to hold the acreage in cotton down has been
with q view to teach the people to intensity
and increase the yield per acre: It is an
fewer acres, cultivate better. ~fertilize more
intelligsntly and produce q larger yield per
OF la Dor scarcity, furnish ample supplies and
increase profits to- the growers on reason
able prices for the raw cotton, and in nowise
sumption. The present heavy and %contlnu-
GUS sales OF spot cotton throu ghout the South
for September. October and November de-
fact that the great masses Of the growers
appear to be we'll satisfied at the profits which
As a safeguard ssaInst a possible IsV bumper snies;
crop thousands OF farmers are selling ali
their cotton they can bly, expect to
In the "a me way supply merchants are selling
for future delivery a large proportion Of the
spot cotton they. expect to receive next fall
pra ctioa lily the same basis.
Owing to these conditions 7 naturally
early in the fall months will precipitate heavy
and continuous receipts. IT the bureau
report be true 1t may be wise to take ali the
lions OF bad seasons. but boil wcevil depre-
dations may not terminate so we'll, In any
eSsn nr ! as n n9t tb sn It intsr 81 2 ,a occurrence of the
final strength Of the South, the closer
cooperation, OF the people and the heavy CON
manufactured product. will certainly main
tain prices. even az a minimum of o to 10
cents per pound, with even and extraordinary
yield from the area planted,
irrespective OF the new crop months the
present spot, holders OF the lso6.oe crop viii
hold for higher prices than is at present Of
fered. as IL Is a foregone conclusion that every
bale OF cotton Of this crop will be required
by the spdnners.'"
,.Ostton, on the snot declined S points. Mid
ding uplands II .csc., against 9, iOc. last wear.
New orleans and Gun II Soc. against S.esc,
The Southern spot markets were unchanged