The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-24
TIE COTTON MARKET.
Prices Decline-IiyerpOol LOwer-Weathef
Observation-Disclosures and HammerinE'

Again the market gave way under re-
peated blows. Wave after wake struck IL
and washed price, to a lower level. These
combers included q sharp break In Liverpool
where Mr.. Price was said to be selling; some
reported weakness In the spot situation there.
very favorable weather over much OF the
cotton belt for the past two weeks, q small
bank failure in Alabama. rumors that the
May deal had been abandoned and u settle
ment made by leading bulls with large spot
interests. some weakness In the stock market
and a rather less optimistic feeling. for the
moment at least. in regard TO the San FRAN
Disco catastrophe and is monetary conse-
quences. Persistent reports that the leading
bull was selling here as well as In Liverpool
and a good deal Of selling by Wall Street.
Southern and European houses did not help
matters.
II was too much.
Prices dropped and seemed so limp that
no rally was thought OF. Needless to say
the room traders, as usual under such cir
cumstances, attacked the market with vigor
and they appear to have recouped them
selves for some Of the severe losses which
they have sustained during the last few
weeks.
Meantime there seems to be no cessation
OF activity in the spot market In Liverpool.
whatever reports may be sent to New York
alleging weakness in the spot situation there.
1t remains to be seen. too. what damage was
done by the fire on the docks at Bremen
Germany. II may have done very little
harm. but the incident is not without interest,
One thing is clear. however. and that 10
that for the time being the ma rket acts tired.
II has been bulled for a good many weeks
without the assistance of the. outside public
and now. what with Il great disaster In Cali
fornia and Il certain natural nervousness
attendant upon 80 ser Qus an occurrence. and
tarN TO hla unathaF thrninhnttf tho
cotton belt, together with continued absence
of the outside public from the market. the
|fHHee' least e9s 'i IL n ,e"s so oe assrS Ss iSeiE f bniiis 10 as sat Il
leading bulls were taking counsel Of prlI-
mitted prosperity of the trade and the big
consumption. factors which must ultimately
t tRSS" PRICE iSe "' The TTuiIi III leader aderye denied ~ reports ea@s
th& a sett lement OF May contracts had been
made with spot people. A,
hold 10 be a duty OF good citizenship In times
Of disaster Ike the present, but aside from
ihis, SO far "a as t me cotton I1u an market market + is 81 concerned
which has occurred In San Francisco in any
sense weakens the commercial position Of
The dest5netion OF property consequent
81. 600, 1o},o"; the eoo RHss $50 paR struggle
which the values destroyed at San Francisco
bear 10 the wealth Of America is lnfnitesimal
anu the WORTH WIN lie 'diltu upon 10 re.
a nation that can spend. as ours does.
aecordiu to Coiter's Weekly. si5o. 100000
long in recovering from a fire lost OF 500, ooo,-
900, and the process OF recuperation and re-
5000, 900, 900 and $500, oOO. 900 OF the pr ducts
her and glass, TO say nothing OF cotton goods.
will be in enormous eTnani !, and this Guaran-
activity, which VIII further accelerate the
shall revolve and intensity the industry OF
all those engaged in manufacture or In trans
Hubbard Bros. 4 Co. aid: Continued
good weather over the cot ton belt brought
about the decline in Liverpool aud a break
Cline. MAY has maintained its Premium rem
over July on the covering by the shorts.
who are gradually liHuidatins. while the
thought at one time that the supply came
from The bull parties. but, there was no in
s s.ysI,9" here yo1dsy that R a re es 6 was is ESQ 80
pectcd tomorrow in the foreign markets.
With good weather. we may look for rather
the south and less desire to buy on the part
of outsiders,
Messrs, shearson. Hubbard. Carpenter,
Iernie and Mcintyre were sellers. Messrs.
Dick. Rich and Brown were buyers.
Henry Ciews 4. Go. said The foreign /
although there IL q continued fair export
movement. the total for the season SO far
beng 1857 ,hl3 bales, against 6,726, 257 last |
year. This indicates a steady foreign move |
ment the balance of the year II the cotton can
be obtained at reasonable prizes. The great
during the past fortnight and the reports re-
garding the crop preparations were decidedly
against any immediate further adj
vance in cotton, but the crop will be subject
TO the usual liability Of climatic setbacks
during the season. and In the present temper |
a big crop will be necessary the market |
Is In a good position 10 promptly respond to
any bullish Influences that may develop in the
Cotton on the spot declined IS points. Mid.
ding, 1859, against 7.75c. last year: New
Orleans and Gulf. II .90c., against &c. Sales, |
ga bales.