The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-16
THE COTTON MARKET.
Closes Slightly Lower AFTER an Early Ad
vance Liverpool Active spot Inter
ests Sell,

Closes Slightly Lower After an Early Ad-
vance Liverpool Active spot Inter-
ests Sell.
Prices advanced "A little. then receded a
little. Practically they remained nearly stock
still. The last quotations showed a trifing
decline for tho day. o wing to liquidation and
hammerinK. Yet there was very noticeable
activity in Liverpool. where the spot sales
were again on a large scale. owing to per-
sistent buying by English and Continental
spinners. American operators seemed 10
have lent a helping hand to futures In Liver
pool. Various dispatches from that market
were OF n strongly billish tenor. Spot quota
tons al the South N%e generally firm. Liver
pool Gent some buying orders for July. and
outsiders bought October aud December TO
some extent.
Then, again, il Price brokers seemed TO be
selling July they are credited with buying
October aud December. The receipts at the
ports were moderate and the Houston esti-
mate for to-day was comparatively small
The weekly report stated tina; frosts had done
damage in North Carroll ma and tennessee
ON the other hand MeFadden br Skers
They were supposed, TO be opposing an
advance, to say the least. There was also
quite q little long LIQUIDATION, lhe weather,
outside public ia the main seemed quite as
indifferent TO the speculation as ever. The
Within narrow limits. as they have been
for the most part for many weeks past,
Theodore Price, on the one hand, wants a
s stsn,d nne d %sSHIs'PRf r. II !"f ss" ( Bro n"a and
allied interests want a decline a. the case
r Ti""'' mat ri ally %ithin a COMPARATIVELY
short period and little of the advance has
been lost. How long the contest will continue
for the actual staple both at home and
tG!o ssres ANA ' GssF dui h"ys Of Of ' tSe sp asSSI i1s
and the fact that prices are some SIS a bale
higher than a year ago, -.
IN deciding the Ultimate course Of prices
4 big acreage does not insure q big crop,
and the crop meet with a ser ous mishap
OF any kind II requires no prophet to make
higher, A big crop il wanted in this country
by the eo ToTVl In + cotton trade ada. .rhoss Tim,
control the May position in the local market
apparently are making no attempt to force
the market. They assert that, the market
psosition to those Who Try to sell il, down;
The position is unique, since the demand
from spinners enables the long interests to
selections to the mills ba sed, upon actual
value, as compared with southern markets,
p pron,., 0 a%d sis" enable mo Gou tS. R BsoEidsarss n 10 b"y
two bales for every one they sell without
inCu rims any risk OF losing, unless a serious
decline takes place, With the demand for
spots undated and long interests ready 10
pick mp contracts ON any little decline there
seems very little chance for shorts to make
any impression on the market"
Messrs, Price. Weld, Fernie aud Bartlett
were buyers. Messrs, McFadden. Norden.
Ellinser and Ware were sellers.
Miller 4 Go. said "Governncnt, utteranees
Of any kind are always considered to be dis
counted ~ advance, hence the disposition 70
take profits this morning. The report itself
when read was a complete confirmation OF
private accounts received regarding the re-
cent cold wave. ln North Carolina damage
the state and was heavy In n number Of
counties, while all the states were more or
less visited by frost and several days OF UNI
seasonahly cold weather. Bear attacks were
made to minimize the importance OF the re-
port, but there is no doubt IN our minds that
tendency OF s%pinncrs to lay in liberal supplies
will be increased, The world recognizes that
q large crop Of cotton IL needed and the set
back which the. young growth has undoubt-
cdly suffered will be a serious handicap to tho
production OF n Weld sufficient to meet the
markets during the balance Of the week,
A. ca ble from Hood. Fernie 4 Co. OF Liver
pool said; There Is n better feeling In the
market In consequences Of the large demand
from spinners:. also. fear OF crop setback.
The position Of cotton on its own merits Ia
consumers"
Cotton on the spot was unchanged, Mid
ding, II Csc. against &. zoe. last year; New
Orleans and Gulf, IL, 2oc,. against s.{Sc. Sales,
80 bales fo- spinning, The Southern spot
markets we're generally UNCHANGED Mid
II 7-ioc,; Mobile. ii Slice. Savannah, II a.ic
Charleston, NE.