The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-07-28
THE COTTON MARKET.
A Small Decline Cooler East OF the NISsis-
sippa, with Rains-West Of the Rive
Temperatures as High as IOs and IUg
I'm Texas and Oklahoma.

I'm Texas and Oklahoma.
Though u was somewhat cooler in ia
Atlantic States and there were good rains IN
Georgia and Tennessee the Southwest WAS
still blistering with maximum Temperature.
in some cases Of 100 to 100 degrees. So that
the rather more favorable news from tho
Atlantic section and o certain amount #
scattered liquidation and pressure from
leading bear interests produced no great
effect. although there was some decline. The
closing prices, however. were nearly the same
as at the opening. Liverpool people seemed
to take the same view as that entertained by
many here. that the hot dry weather conditions
have not been sufficiently relieved, Certainly
the prices we're better than were expected.
Showers were predicted for all States, bl' It
looks as though a good drenching IL what
the conditions really call for. The reports ~
late from the Caro- linas. Georgia, Alabama,
Mississippi and Tennessee show that although
the plant has undoubtedly improved during
July It is undoubtedly small and two TO three
weeks late. That will give frost all the better
chance to cut down the yield next fall if It
comes bright and early. Altogetherths cotton
trade, IL not unnaturaly regarded by r good
many people as bullish. Tomorrow the much
to be seen whether they Will roar like q lion
or COO like a dove. 1t may be that holders
will think twice before taking The risk q
lOtlIk JHtIN VobtOh W " .''H ~ 'h'Nh
Of notices. On Friday next the Government
report will be announced. IL seems certain
to state the condition az s0Inetnlng less thau
ever. the great factor In the whole, situation
Is the weather. IL has been all along. that
serests sold Yesterday. but with not too free
q hand. Toward the close the leading bulls
gave support. without; ho%sxer, adding ma
local short interest il believed 70 be still very
large and the, concentrated long interest
factions SEEM to be practically standing pat
issue. In Texas and Oklahoma some Of the
maximum temperatures were 100 to los, and
in two instances they reached los TO lQs,
The Thermometers may be In excellent work.
unsestion and another week Of such conditions
might be productive OF serious results.
Dick Brothers 4 Co. said: W doubt
material change In the situation. although
the usual Temporary nurrY may oe expected.
From what we have heard. We 40 not an ntcb
n any in excess Of 10000 bales. We under
stand, however. that there may be an a..
the total amount Of tenders up to 10000
subserved BY such a p%roceedins q Il hard to
important part in recent trading almost any
thing in the way Of q market move may be
&essrs. Price, Wilson, schin and Bartlett
were sellers. Messrs. Weld. Bachs. Ray and
Hubbar were buyers.
Bartlett, Frazier a Carrfn gton said: I'm
proved weather 10 causing the COZ vtction
that the longs are more likely TO- run than
bureau. We remain Of the opinion that the
big concentrated short interest will not wait
for a material decline from the present level
to cover, as despite more favorable crop
news the fact remains that the plant IL small
and two to four weeks late. and no security
can be felt on the short side Of the market
until q moderately early frost date has been
pissed without dana ge."
The statistical position 10 as follows: An
2,esi, $50 bales, or SOC. 5si more than at the
correspondent g time last year; visible supply
during the week loses tSe. 1870 bales. against
a loss of i70.424 during the corresponding
week last year. American cotton-Brought
into sight for the week. 80. 73S bales, or lt,2A3
less than the corresponding week last .yean.
brought into sight. to date, $3.50 .6i2 bales.
| or 2, 400. sis more than to the correspondents
time last year; visible supply to-day. l.1se.5Se
ing time last year; visible supply during the
week loses ~. $50 bales. against a loss of iii,42t
during the corresponding week last year.
| s%pinners' taking 6 for week. i0s.s7t bales, or
| 47,527 less than for the corresponding week
| last year; spinners' takin gs to date, IL. 487.o76
| bales, or i,I7I,237 more than TO the CORE
spending time last year.
Cotton on the spot declined 10 points. Mid
ding, 12.o0c., against 10. 90c. last year. The
Middling Savannah. 12IIo.; Galveston, i3c..
| Augusta. ishc. The port receilss were
! estimated at 500 bales, against no last week
and 5.3li last year. Futures closed I TO-.
| points lower. with the tone ulaet and The esi-
mated sales 100. 900 bales. Pfices as follows.