The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-09-15

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unsfrsv arrsss-nsi sHo-~t- N ssffe-e ~sHs"'f"
ssf, senf ~ ffs.h ess'srf wimas
fss sssssTs rssss fsfF W a., snd ~ nr"fr"N
rtsas ba iresn ss.'sfN e'rss
fet *..isr, fs,s. '.iY 20 ass sna ~ Hr"T'os
rss ,sNsnss. otlshsns iss,sn rsrr''oft s"d
rs.ss~~s is'' ~ Ca s"s ~ n""vr"~
" .s,s,.s ~. IN half 9 sovsr --u,hsrp s.s's.
hilled ~ the sre,uls'er sorns 1--WE preh Wy
nc sSwps lower prices they have sssiredlv
NV isscf~d IN vain Cer'slnly vsry lagsels
%Sos" ,ns ssa,s"sr s.lcr. expected With
stripes cotton prices have isttstly decnneu
over q . bale IN the teeth ~ I,.lns price.
he sdmi>sson on the p@r, ~ bears 'hem-
selves that the IeSss crop u fully . nntilson
bsles smaller thsn be, ~ las, ysss .n,re
ern planter be~sfe. the southern irgi slsscr
rhs southern plsn,er %asaln-' h,n,~.n need
factor. Az increasing receipts. goot crop
reports from the Mlssissipp, Valley Some
reaction In trade. q break w COPPER sc,hs
q. showing what may happen 10 = bull and
q decline in spot quotations ~ the South.
Hedge selling TOO has begun and specuIs-
ana unless the rsce,pss fall o or N. south
ge,s q weather scare the urdreped truth
seems to he that prices viii drift To o lower
leNel
A. the case stsnds. IN the absence % the
speculator. the planter and the SPINNER are
co%,ns to SiS-s sr,gs, i snd , w.y -, n . tim rns
with the help Of haSouthern legislator. choke
the southern planter Into submission. About
huh side Of cotton at the moment 10 that the
collection OF bears In New York and lsewhere
e rapidly insrsss'ns; a.nt .ns sno,, r'ae
zone other unforeseen circumstance might
easily stampede the bears. Otherwise, With
and he speculator q pariah in half a dozen
southern States. prices must to all appear
anoes gradually drift TO- q lower Level; YES
cotton. The bottom suddenly fell out OF New
Sr,e. .siii 2si0e orders eT,n from marty SE.Ss' lsors 70 f if%s
came either from the bear leader, 10 In supposed.
or else in q roundabout way from southern
bulls.
Bartlett. Frazier A Darlington said
There would seem to be nothing in the sit us-
that after a break Of ios points a reaction
should be in order, While we look for the
market to work lower IL should not be forgot:
ten that long lines have been much reduced
and some large short lines put out. The adj
Vantag es At the moment are all on the side Of
the bears and their position 10 probably safe
unless something unexpected happens wealth
er wise to bring about a covering movement"
Messrs. Hutton, Gwathmey. Dick Car
psnter, Moyse and Clews were sellers. Messrs.
Norden. Baohe. Mcintyre and Pearsall were
buyers.
atwood, Violet a Co. said, Cotton going
TO mills now no doubt had been contracted
for to a large extent long before the recent
rise and therefore at comparatively low prices
and there may be heavy shipments on the
same basis a. soon as the movement 10 liberal
enough to admit Of It,. II il probable that
them to hold out temporarily and this seems
TO be reflected in the lowering Of quotations
In Southern spot markets, However, the
volume Of >cotton goods sold for delivery
ahead Ia so large this season hat continuous
heavy shipments seem TO be required. and
u has been on hat ground that the long side
remains to be seen which side In spot circles
will be the most stubborn"
The statistical position a. made up from the
Financial Chronicle Ia as follOws.