The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-12-09
mi COYTON MaRKET.
Prtrrs Lower small TrAdins -EVening ~
fsr the Islnners' Report Tomorrow.

Yesterday was more OF an evening up day
than anything else md therefore 10 great
sign ificlnce need be attached TO the huctus-
tiors, An advance early Ia the cay was TO-
lowed by a reaction leaving TIE final prices
slightly lower than at the close on IridaS,
There was some further pressure OF Wall
street selling though IL was Offset IN a measure
by the buymg by one or two Wall S'reet
houses which incline'to the bul! side, inc
South, however. continued TO sell. Hedge
selling took place TO a moderate extent
The weekly figures are less decidedly bulish
than they we're a while back. But on the
other hand the National Girners' report
places the quantity ginned up TO Oeceinoef !
at only $3.50. 900 bales. A crop estimate from
New Orleans was only ~. Ioo.O 900 bales. siot
cotton was very strong in Liverpool. and Man
chester Ia still doing an immense business,
even though the November statement OF
British exports OF cotton goods shows some
decrease. The total for the year thus lar,
however, Is still considerably in excess OF
that for the same time In 1905.
So great ia the scarcity of the high er grades
OF American cotton that the Egypt ian STAPLE
10 advancing rapidly. In this country men
and a quartz. staple and sea Island cotton
comman very high prices. In some cases the
prices paid for desirable kinds Of cotton are
declared TO be almost incredible. They are
we'll authenticated. however. Tomorrow at
2P. M. will apr ear the Census Bureaus report
| OF the ginning OF cotton up to December I.
All sorts Of lnesses are heard as to what the
figures will be. They range from 9,sSD. 900 TO
| 10, 100, 900, but OF late they have approached
nearer to lO.OO0.OOO. Perhaps 1920. 900 bales
10 as near an average as can he reached,
considering the wide diversity of opinion ia
regard to this decidedly interesting matter.
nature OF the report the outlook is for better
prices sooner or later N the spot cotton situa-
tion continues as firm as 1t Is now. The de-
mand for the actual staple is the great over
~shadowtng factor In the market this season
and bids fair TO remain so for q time At least
cotton belt R's as = Whole Se: ts ssre has f BEEN little
or no change In the attitude OF farmers and
dealers. Strong quotations have been the
in obtaining higher grades. even at large
premiums. has been quite as great as at any
time Tor some weeks past. Il Is SAFE 70 say
ness Of this country have the conditions been
more favorable than they are al the present
10 not in the market and has not been for
some time past. II she were, manufacturer
would ind themselves even harder put TO II
than they are now TO make deliveries. The
immediate future depends largely on the
tenor OF the Government reports of next
Messrs. Mcintyre. Freeman. Ray and
Miller & Co. were sellers. Messrs. Hutton,
Dick. Norden and Ciruner we're buyers
Official reports shall he out OF the way the
market will be subject TO more normal in
sideratiop OF IN. probsbIe Size Of the crop.
and as the present one is universally recog.
niZed as second only to the bumper yield Of
ia0t-o5, comparisons will naturally be made
with the movement OF that season. " is
with an abnormally small movement In the
big crop year that We shall soon begin to
compare. There ir every reason 10 expect
a free flow Of receipts tins season. SO that
in all probability the amount brought into
sight by the end OF January will be fully
equal 70 that Of the bumper season. II il
evident. therefore,. that some very positive
influence must come to the fore 10 offset the
OBSCURE Eing effect Of such comparisons.
This influence may he n continuous demand
from spinners. hut unless the mills soon
BEGIN to take the low and on colored cOttons
in q liberal fashion. the accumulation Of these
in the farmers hands will become too great
a weight, and a declining market will he the
inevitable result.
Cotton on the spot was unchanged. Mid
ding. n. o5c.. AGAINST i2.t0c. last year. No
sales. The southern spot markets. were
UNCHANGED 10 &c. lower. MiddiinR. Calves
tn. yno~srn ant ~. n. foIlors.