The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-15
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rasigy s6,asf ant feVBffa ~ dsmsae - the
ffrp ~ ihs ssufh Nv issf eeehs colt ava
fsin Price hfoNefs save suI'~ s1tte'' '"
~, enbst. hui ihis ess hoi NE mein 's,'eI
Nv Hhv meaas tivsrpuuI fepofset $40,
sales ~ itTrF bales. Nhirh sss 80 soSn 20
svidenre NJ , aaod demand. both ffn'n 'a"'
csahira and ihe Continent
Resides, the satin afed feeeipts fot 'o.day
~ Houston. galveston and New OTlesns
weFs small Wsn Street bouaht the hew
cfop months ~ a0ms extent Hhofte Nete
coveTins IN . moderate seHle, urged thefrtn
ast oniv by the shatp demand for the ar'nal
cotton kmohn foreign spinnefs bH alao w
reports NJ mote " less datnAre 10 the 'top
In Oeofsis Nnd the Carolinas Nobodl SUP
poaea that 'hls smouots 10 anythins vst.
serious, hut big crop IL needed and the mafhTt
IL undoubts dlv sensitive to weather news.
II certainly IL also 10 the fact that suepllee
are rapidly decreasing under the pefs'ften,
demand fOt actual consumption, or Vo'n
sides OF me ws1er nS n. SYasr' pfnc.
iicsiiv ignot~f by the public and engaged ~
but wsrly ~ many 4 the ptoiss.ions,s wno
age reports on the one hand aud the reports
of u bic acreage on The other, together wln
the high price, the indinercnce o. M p",nnn'o
which The speculaii I've market. has. fallen,
Advances Of late have been followed by re-
]sciion.. m1sinS re ,peGs,a.'cS e : Ip" Govern.
ment report may give " q NIP NAM noukn'
yesterday 10 the expectation that u WIZ.
mains 10 be seen whether, II bullish. all vs.
effect his been anticipated In Yesterday 8
advance. - .-
Henry Uews A Co said Liverpool IN,
terests have accumulated q GOOD size short
interest Ia July and August contracts, ana ~
about every bale o. the crop wv y, r oT ren not he
surprising II the present bull lenders would
transfer their manipulation 70 thsae months
~, an1 he .n able 10 seli cotton at quotations which
are stll above New York parity. ana TINS
Is probably the most potent factor IN SUE,
and In New Orleans and leaves. the shorts IN
an uncomfortable position. as the cotton can
not be delivered at present r pI,Ces GRADES % in
the New York stock have been taken care OF.
The crop prospects are not as good as ,ast week
s Ard any " ~, 1SI1 nssr iutnre Woaid S Sspse q sharp SST,
advance. for the reason that a large crop
around IL, OOo.OO0 bales, will be necessary.
the acreage, but many late reports indicate
that the increase IL less than eNpec'eu 'e"
months ago s, and
New Orleans and wall Street houses bought.
Messrs. Norden and Eninger sold.
Carpenter BaSSot ID q & co o. s sa.her a d hs SsHp
most relia BILE sources in North Carolina. we
are advised that the rural delivery mail riders
report great damage from the recent cold
weather and state that from s. TO 70 per cent.
of the crop in some sections will, have TO pc
repla nted. Recent warm weather In the
past few days Is revealing a much more dam.
aged condition Of the crop than was at hrst
by the cold seems to be shriveling and dying
under the suns rays. Tnis is likely to cause
irregular stands as in 1899. Conditions
| reported In the Atlantic States are. thought
to be more acute than in the western ana
middle sect lons Of the belt. " these damag.
ing crop reports are confirmed. the enect
! will tend to strengthen the new crop options
| and an advance su ficient to frighten shorts
will mean an early culmin6tion OF the beer
move In those options. The position OF bhe
summer options il very satisfactory. ne
ports from Manchester and Fall River as
70 business conditions seem most encourag-
ing and though transactions In print goods
are made at full values now higher prices
feel the summer demand. The big consump-
ton and evidence Of It's continuation 10 IN no
way ahating and already II. 900 900 bales 70
freely talked for the reuuirements OF hmerl-
can cotton next season. The situation 10
entirely favorab BILE to the long side. but the
narrowness and sensitiveness OF the market
would prompt only limited and cautious
Cotton on the spot advanced s points.
Middling, il.95c., AGAINST s.25c. last year;
New Orleans and Gulf, IL, zoe, against s,5oc.
Southern spot markets were generally un-
ii s-iec., and Charleston, ne. The move
..--t raa a. follnyyG'