The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-05-26
THB o0TT0N MARKEr.,
A, Moderate ACKNOWLEDGEMENTS RAlp, ana
Had Cr0p ReDoFt4-RearIyb Pra,tura.N

A. Moderate Advanee-Farther RainJ ana
Had Crep ReD0rt-BeayIJh Pressure.
IL was . case OF leading bears versus nature.
Bears furnhihed ceiling orders and nAtare
furnished rains all over The belt. Nature won.
Stnl the advance was not great for ceiling
was persistent, particularly In October and
December. There are some large shorts
hefe. IL 'is understood, who have not yet got
back their lines. The weather during the
week was In the main favorable, but Of late
there have been rains which are not wanted
and In some sections the temperatures have
been rather too cool. The weather In TEXTS
was on tbs whole clear and hot maximum
temperature, being 10 some cases from %
10 100 degrees. but colder weather With
come rain was predicted aud had an influence.
though Fridays prediction 10 the same
effect was not altogether verified. In the
mnin' the impression OF most people In the
trade. Is that the crop is backward and needs
q long spell OF remarkably good conditions
TO set matters right. Conditions in, the last
six weeks have been remarkably bad. What
Is needed now ia something quite as de-
cisivejy the other way. At the sane
time speculation does not show the vim
that4t did short time ago. II may wake
Up during the coming week. For the
last forty-eight hours the market has acted
q little as though II had been bulled to a
standstlil. This appearance. however, Is
~ W. DEdll hu ODUOblttOIls lINltbN
the weather improves decisiyely and the
character OF the crop reports becomes very
resumed. as trade is good aud is likely from
present APPEARANCES g continue so for u year
TO come. The Liverpool market, which has
morrow q, this may give a fipito the trading.
Nhart.edt: Srasier a. CaIrIn sSon said:
executed since Tbursday. evidently with a
view 10 breaking values, but after their exc
Guti9n prices haye Invariably rallied 70 the
evidently being as good az the selling. The
feature of the last three days has been The
despite the heavy selling and shrewd ia m !
to-day 10 points sbove Wedpesday's figures.
yield Is necessary .is n situation " hich cannot
be g ignored and this. with the technical posi-
short interest accumulated In the last week or
ten days; makes us ftrmer than ever in our
Sonyictioh that values will reach a much
MessTs Weld, Latham, Mcintyre. Mitchell
and wilson were buyers, Messrs. Nordsr;
apparently Price interests we're sellers.
certain, and that e that this crop has had tbe
The bureau say? How IS It TO arrive at the
at this late date to determine whether a large
proportion OF the seed will, ever come up?
q me ali a SreS s, mgst tb at m best Be In doubt; and
will be entirely abandoned. When IL comes
70 the question Of the bureaus probable
figure OF condition there IL but one belief. viz,
that II. will be below all previous seasons;
lower than 1905, when the yield was 10, $50, 600,
and substantially below that OF le0S-the
Sully year-when the yield was barely 10000
900 bales and prices mounted 10 17hc, No
doubt a great deal of the current belief In a
short crop is born Of fear for the future-a
fear which favorable weather conditions
during the summer and early fall may largely
but we feel that enough ground
has been lost to make impossible more
than an average yield. and an average
yield on. q full acreage is not over
II. SOC, 900 bales. It will take very favorable
conditions from now on to make the public
believe In a crop of even this amount, while
sach recurring unfavorable circumstance will
be accepted as reducing the
possible output below this figure. With such
basis TO start q new season on IL Is manifest
hat the tide will run strongly toward a bull
and we look for broad and general
speculation in cotton during the next three
mouths. with public interest centred In fall
Ind winter positions. What prices may do
under the influence OF active speculation It is
impossible to judge at this time, but IL il well
% remember that standard print cloths, or
Coods OF similar construction, are selling at
&C. per pound more to-day. and wide cloths at
&c. per pound more, than these same goods
Sere bringing three years ago. when cotton
as at l71Sc. per pound
Hing, 1850. against II. eoc. last year. Sales, !
markets were generally firm. The move
npnt Waa mn f0ll0uR.