The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-06

TnF 0OTTOV WIRKrT
1tIshpe ~ tssevtea NJ shSrts pHssi NJ
RleheF siVeFwssi WsShei aad -, snes
~ atarRs itaslsh atstsfies

Tho movsmeai ~ nsires sss No. *srt ne.
Inc Nv unexpectedly sfrue tItrtpUHl ,d.
vices. ne Uss ln No afnrt uff..f HII.tb
weekly statHtts. eHnad fflllu vluftrIu o.
European huvins ~ iiiY frd H.f 70 IuIs
covering " shorts ftn ldst Hf rH' .s
Wa That Ffire i%ffefeaia aid l.fr NHy a#i
beusbt abnft tttv thouHh ffar fifr HrrssfHt
~ have sustsinet fhr rev 0fr u.Hiba ~
Times
W., Tho pressure on Ntt tas srr..f.Ht
great ~ reduce tho premium np ihst MONTE
eisht poinis. hfinriu a ~ down ~ o. rNIf.a
spot Interests hpufht Mny ~ s'ine ry'HHt
but aupafrntlv nnt IN y VERY lntrr all col
ihey offered tuiy pretty freely ''"hfd ~"
elose. apparently viSh ne Intention ~ break.
ins tina, month n stood FIRM however.
and Tho whole Inafhe' exhibited mo- l'ils
strength
Tho more cheerful hnsnsial situation had
not a lttle 10 d. with this but be- ! n 10 an
IL tho strona spot situatinn and an idea Mat
the consu mptiun IL not only large but u
bound 20 c]ontirus large durirF N" rresert
Gitt Rrotbet- 4 Co soid We evpec'
stronger aud higher market iftcgD'CiiNe ~
msn'g,S ~ SpTE bs, ,se bun "a my s eB ne \:
been abandoned simply because differences
between MAY and july have narrowed a few
Ina, OD0 bales. largely controlled .hy three NJ
four prominent bull operators. The bulls have
fpgeiNpN n larry INIEf WIllVNNN ~ 'N'NNO on
Mas contracts and are willing 70 take more
The MAY option hos served ~ purpose IN one
respect that Of demonstrating that thos" n
favor OF higher prices werc not AFRAID on
actual cotton. The position seems 10 he
pretty we'll liquidated " ite growing activity
can h. taken as an indication. For this req.
son Il would not be- surprising II MAY sui.
fered NJ tho Expense OF July. However, short
sales Of tho option. IN our 3pi1,oppi YOU'D ,"
beiated SHORTS " III have many 2 had quarter
Of an hodr before the end Of the month. 1t
ihai ali the cotton taken up on MAY will be
delivered on July and TINT n bear campaign
viii SIads De s, s,sE'f Sar N 10 ,nf b., n nsed P as q GiIH H'" fi 9s
premium at which southern spots are selling
over New York contracts certainly shows
thropic. There can he no profit in selling
cotton to speculative bulls at q price much
lower than it can he bought in the South and
Messrs. Price. Weld. Gwathmey, Freeman.
sledenbuas and lone yonIes Were SH5 y 4pyers. ~ Me SM
sellers. McFadden brokers both bought and
'"Xat Atwood Violet 4 Co. said: There remain.
now a visible supply OF ?.0i2. o2S bales OF
American, and out OF the total amount ginned,
10, 49, 900 s9ls lie 'b there h s,yin to date Ia, 10 been sa mar mar.
keted 95i ,260 bales. Therefore the supply for
the balance, of tho season can only be at most
bales OF merchantable cotton, will be avail.
able to spinners at any price during the next
f TSis Woaid U oeiE Give Il them insH tie EEs' sa sTerS sm SSiss
as they have taken during the past twelve
weeks and will afford the mills no opportu.
nitv 10 carry over sufficient to meet their re.
Guirements until the new crop deliveries
reach them, should they be forced to reduce
their reserve stock prior to September l.. As
reports continue to show that mills are fully
engaged TO the end of the season there must
be n pinch either at the close Of this season or
the beginning ~ the next. md II may he both
The statis tical position as made up from
the Chronicle Is as follows:
This pesk. Last toeek. Last vtnr.
Visible supply sSsS 49, sss SosSSss
Crop In sight. .e,77s7p aesS.ss2 n.4ss,Sc'
Came into sight
The following is a copy of a cable which
Theodore Price sent TO Liverpool:
The cotton world II lust comm enoing to
have a RlimmerinR recognition OF the real
status of next years crop prospect. An
acreage which shows hardly. any. Increase
is as yet but ~three-quarters planted and the
start already, poorer than last year. This
situation in the face OF prospective small sup.
plies September |. and heavy trade commit.
ments. makes extreme prices shortly newt
able. Weekly spinners' takings,. 2a2. 900 ver-
aus, PAS, 900. Looks like total takings twelve
millions certain"
Cotton on the spot was unchanged Mid
ding, II. soc. against 1850, last year, New
Orleans and Gulf, 2.o5c, against 3, zoe. Sales
l,4i6 bales for export. The movement was
ne folloWs.