The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-16
THE C0TTON MARKET.
Higher Prices Covering OF shorts -sAe
DooI Better Thar Expeoteu -ns"
weather in the Southwest.

BuIlish Liverpool advices, partly owlns 70
large Continental buying there. heavy rams
in parts OF the Southwest. ana tne e.rous
.pot position we're the thre e factors that doml-
mated the market yesterday to the exciuson
OF big receipts. statistics less ouiiish man
recently and anything else that may DE ci.ee
against the market. b South SOLD. uut
Inc market took the cotton very readily.
IL il supposed that Theodore Price brokers
of ered cotton down from time TO time, Dut
IL this is true it proved to be inef ectuai' LAYER,
pool advanced on covering OF shorts' anu
fears of the Ell ects OF bad weather in parts
OF the belt. Moreover. trade reports con-
tinue favorable. the spot position Is certainty
very strong and that the T0rla r e 9V, Q ttoH
ibis year seems to most people q fact Deyona
dispute: Mill can aiI ,p, sn 20 p pss,r p msssss
pprcrtsbIe. Il is pointed out that yarns are
at the highest level for years past. An1 sladt
print cloths are selling as high as tney 9iI
Cents n hound. Spinners takings OF Ameri-
can cotton for the week are $4,000 pales. OF
nearly 100, 600 bales more than for the same
IL is evident that the commercial conditions
affecting the cotton trade ARE distinctly iavoI.
ahie The line Of cleavage, however. between
tho spot business and the speculation IN nut
nres In wide. Futures rave been at times
S Ss fssT pS Ss dSe ~ eTs ~ low grade cotton
here on january contracts ana partly Dy .hhe
refusal Of the outside public to enter tne
market. On the other hand: the aetuai p,IIa
have an idea that in the end commerclal COLI
ditione will carry the day and raise IutuIes
with Epots in spite OF all opposition from
those who for various reasons are endeav0r-
ing 10 force the market TO a lower level. Inc
visible supply OF American cotton ncIeaseu -
iJO.I4s bales, against SS,0Ss last year. ana Is
now 1910. 53t. against t,OOs SSt Isst year -Con-
Bartlett. Frazier a arrlnGto eS,G' heloT a
normal parity with the southern spot mar
kets for safety on the short side. and any inr-
ther decline must Gome ed,ced long interest.
SuCh selling can only add strength TO the
tecbnical position Of the market and add 70
the intensity of the ultimate readlustment az
tho 6rmness of Southern spot markets makes
itself felt In the contract markets.
Messrs. Weld. Norden. Wilson, Lehman.
Cruner and RAY we're buyers. Messrs. hentz.
Bache, Ellinger and S~ledenhsrg We're sellers
pears to be viewed less bearishly abroad
than nj home. Liverpool advices this morn
ing were distinctly cheerful and private
expressions Of opinion were in tsvSr 81 a
not without cause. II must be confessed.
and looks for temporary rallies only. our
| failure to respond to Liverpool cables 20,
day, represents the eagerness 70 Sen m Uu :
oyersold we do not look for any relief from
present adverse sentiment until the receipts
fnll of. This we do not expect 20 materlanZe
the market will probably offer many good
onnortunItiee for moderate scalps and may,
we think, be bought on weak pots or SOLO
on the bulges with confidence.
| Middiin9, q .55c.. against II. zoe. last year
No sales. The Southern spot markets were
i-isc. to &c. lower. Middling; Vaiveston
iS1sS; New 0rls snS cbS1 Hie MGS Y The The
rnoveuanf was "a follows: