The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-11-01
CHICAGO CLOSING QUOTATIONS.
THE COTTON n Il
sigh Advance Fears Of Very Cold
weather In Atlantic and Eastern Gulf
states -BuIlIsh Giles Report To-day?

The downward movement struck a snag in
the stream of speculation yesterday and
prices swung round and advanced a tribe.
Only a trife. and the decline may be resumed
to-day. Then. again. one Of those events
often unforeseen but decisive may stamp
itself upon the market and give 1t an alto
xether different look. We shall see mean
time, il there Ia a decline. where the decline is
20 stop. Two or three things may stop II:
first, the big demand from American and
European mills. which are coming money:
secondly, decidedly bad weather. and third,
not wanting those who think that the cotton
manufacturing bus mess has really entered
upon a new era. that the demands upon the
sources OF production of raw cotton this sea-
son are likely TO he of unparalleled extent. and
inst ne the h Or present BY the thumb rule OF The
past. Consumption has increased faster than
production. and this is plainly written in the
some years ago. At any rate. that Ia how il
looks to some vho sharply watch the drift Of
Yesterday. too, not only did killing frost
enter Texas as well as Indian Territory.
hut there we're heavy frosts in Arkansas
Carolinas and frosts for Mississippi and
AIabama. The mills bought futures more
tendsncy. The offerings decreased New
Orleans was firm on covering on the eve
Of the holiday there to-day. II is said tina,
This morning. This with general covering
caused a small net advance after recovering
But the receipts were large. NeiII Bros.
say the crop is IL, 100000 bales. even allowing
for SSO,O0O bales destroyed by recent storms
and frost, including, that Is, the tropical
storm OF september 20. NciI ia not alw avs
right-who is2 more than Mr.. Button.
hut the present big receipts seem 20 many
people to give = strong color Of probability
TO their big crop estimates, Room traders
believe them and act upon them. The public
holds alOOf. This makes IL . purely pro-
feeeiOnal market. The short interest seems
10 have increased. Of late, and bad weather
or some other bullish factor would probably
cause q s1ddcn upturnt,
A. q. Brown 4 60. said: The irreRuIarity
Of the market and It's unsettled tone render il
no very easy matter 20 gauge. but In a general
and the crop estimates increasing In size
there il. on the other hand. tho recent very
severe decline 10 be considered and. what Is
more. the enormous demand for
on both sides Of th" water, The reports thgt
aninueys are buying heavily at the biR declin"
need Excite no surprise whatoNer. for II N per-
prbsperlty Of the cotton goods trade, OuT
letters from Europe intimate that people on
thls side 81 the water have little idea how vnst
the cotton business II iheTe. II might be lust
as we'll. moreover. 20 watch the receipts for q
while before accepting some Of the late big
crop estimates, since these do not come from
so1rces which have Away been right by any
means. should killing frost y" general In
miRht be marked ~ view not only OF the large
Oonsumnti ~ demand, but also Of IN" fact that
the weak long interest has been largely "lini-
mated on III" recent very sever" decline
Meanwhile the weather, the receipts and the
spoi markets are the features IN which care
mi attention should he given.
Norden, Jones. Mitchell. Sellers, Hubbsrd,
Springs, CWathmey, Ware. SiedenbuTR and
Tsfiois wall street houses.
edward Moyss 4 Co said: Although