The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-30
THE COTTON MARKET.
Prices Rise Manipulation by Bull Interests
Season Late-L0w Condition state-

Prices Rise manipulation by Bull Interests
Season Late-L0w Condition state-
ments.
Bullish manipulation played the most
prominent part in yesterdays advance
though back OF this were certain bullish isc-
tors which it was not worth while TO ignore
The season is late, the prospects for an ample
crop are none too fiattering TO say the least
and the consumption continued on a scale
which makes this dubious outlook for the crop
a factor of decided significance. moreover
there is a bull pool here which is quite q
dihuser Of ideas and an encourager OF cover
ing. Besides Liverpool was stronger than
expected, the southwestern Cotton Buyers
Association put the condition Of Texas at only
7O.3 and a local statistician stated the con-
dition for the whole belt at T.o per cent,
which is only Al per cent. higher than the
last Government figures. The belief at the
exchange is that Tuesdays Government
| report will give the condition at something
like rs or 70, in other words. an improve
ment OF only s to Q per cent. during the month
Of June. II it does it will simply be a very
bullish document. 1t would be one OF tine
lowest on record, about the same, that Is, as
moi only on account OF low condition but also
! because Of the big worlds consumption. which
Offsets the big increase in the acreage since
Dick Brothers d Co. said: The action OF
the market in the last day or two renects
advices from the South TO the effect that the
crop has not responded proportionately to
the excellent weather that has prevailed dur
ing practically the whole OF the present month.
| we hear very few complaints Of grassy FIELDS,
| scarcity of labor and poor cultivation, OF
the other hand, not one OF our correspondents
has failed lied LAMENT to mentl1 rom 5na Two Sne we p,SsI to ~ thirty
DAVIS late. OF course is not Impossible
that some Of this hardness may be made
up; 6Ht a Hs 4 Me R RaTdi spP PhiSR Il w ise to 15'! rely
| too much on exceptional improvement, which
is necessary to m SHed even M an aVe biSs I Main-
Carpenter. Bartlett, Miller d Co. and Free
man a German house said: THE only. though
almost universal. complaint now consists OF
the backwardness OF the crop. Inc plaht IS
and in many sections west Of the river from
four to six weeks late. This lateness OF the
for The steadiness which the market shows in
the face Of the improved CROP, condltl9hs,
which latter is believed 10 be discoupted IN
the recent decline from the high level, the
crop being late, IL is OF course subject for a
longer period than usual TO the vicissttudes
OF the growing ar and ,a ma'q i6Hsib seas %itb 1 lie
nervousness existing among the trade over a
full supply for next season, is making SNORT
Fort Worth-Favorable weather continues.
Cotton is doing well. but is three TO four weeks
Waco-The Weather continues favorable 10
cotton, which, though about fifteen days late
is In fair condition.
In Mississippi, Arkansas and Tennessee,
according to special reports 10 the JournaI q
favorable weather has caused
general Improvement in the cotton crop,
though the plant is still very small and the
Cotton on the spot advanced 10 points,
Middling, 1920. against i0.soc. last year.
Sales, 100 bales. The Southern. spot markets
we're generally steady. -Middling; CALVES
ton, 12FIo.; Mobile. I2i%o., and Augusta: !3|.c,
The port receipts were estimated al ?,gN
bales, against /, 500 last week and o,24a 'as'
Futures advanced o 10 10 points and closed
steadN at about the best prices WITH estlnlate0