The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-05-07
THE CoTrON MARKET.
Again Moves Upward Most OF the New
BuIlish Heavy Rains AT the South and
Active and Higher in Liverpool.

Lifting the Injunction from the exchans.
lifted the price as well and very decidedly
on both sides OF the water. So did the Ell.
oesglve rains in Tennessee and Arkansas
spot activity in Liverpool. American and
Continental buying there. bad crop reports
from the South and considerable buying
here by Wall Street. the South, Liverpool
and spot interests. The buying was Of a
good character. Leading bulls gave support
when the market needed 1t. and apparently
when Il didn't. Tit situation looks strong.
The opportunity for threshing out the whole
subject Of the New York contract lie welcomed
by many who think that IN the long run only
good can result. Meantime the commercial
situation continues strong because OF the big
consumption. The speculative outlook Is re-
Rarded as hopeful for bulls not only because
OF the big absorption OF cotton by the worlds
mills. but also because OF the ~lateness Of the
season at the South and the enormous short
interest In the near months not only here,
but also In New Orleans and Liverpool. This
IL the whole story in q nutshell, or course,
II, the court rules In favor OF the bull leader
that will be another bull point as tending
to restrict deliveries on contracts here.
Edward Moyse a Co. said: -The agreement
10 leave the Injunction suit to a referee has
relieved the market OF the vague feeling
Of apprehension 20 prominent In the last few
days. but II does not seem TO have brought
any tell6I 10 tine S1OTJbt as July mas to-day
touched q new nigh leveIatIon cents. Winter
months are. strong, and there is a growing
sentiment that 40 active bull market is about
to develop In them. Crop conditions over
a large. part Of the belt are really very bad
and we look for an outbreak Of popular buying
OF buying the fall and winter months"
Price ufohers oougnt jay and sold October.
Spot interests bought July and sold October
In Transferring hedges. Meesre, Shcarson,
Bartlett Rich, Lehman and Craig were buyers.
Messrs. Hubbard, Bache, Norden and Roun-
tree were sellers.
crop accounts are now reaching the market.
AdVices from every section have rung the
changes on late planting. scarcity of seed.
which In some cases is selling as high as SIS
q ton, unprecedented replanting. excessive
There 10 not a section OF the belt which has
escaped. We are not prepared TO expires.
a positive opinion as to the reliability of there
reports; Such. a respected authority ss
Habersham King, however. takes a more
advloes 70 lead one to believe chat the cro9
10 not lost beyond recovery, The July option
was very strong to-day, which leads one to
think that Mfr. Price and his following have
not lost their grip upon the situation"
Cotton on the spot ADVANCED 50 points.
Sales lla hsles for spinning and $500 de-
OF contracts. The Southern spot
markets were unchanged to 10. higher.
Middling:. Galveston, I2o.: New Orleans.
lfsSc. and Savannah, 1iIo. The port re-
G Sast ~. were oIs e' is., bales. fssiq ct tii!eS last
II. $50, against i9,ae3 in the same time last
week. The exports from the ports were
ji2 bales. The movement at the thirteen
principal interior towns was as follows;