The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-23
THE C0rT0N MARKET.
Coed Weather and Better Crop Prospects
Cause Decline -Speculation Narrow
for the Moment.

@~1eS
for the Moment.
Fine weather was too much for the price.
II declined at home and abroad. II may
continue to do 30 so lon g As the weather Is as
good as IL is now. In the main the crop re-
ports are very much more favorable than
they were a short time ago. although many
Of them admit that the season is late and the
plantsmalL Boil weevil are said to be doing
more damage in Texas than is generally recog-
nized. Parts OF Texas also need rain. Tenn
peratures are beginning to rise again. Not a
few Of them were in the %nineties and In several
instances they rose to 90, and In one instance
to 100 degrees. In the main, however, things
are looking better over the belt. Speculation
is dull and an attempt TO galvanize new HE
into the July option by bidding II up about
10 points was not successful. Liverpool sold
October. and some Wall Street people. whether
acting for Beaver street or the West. sold con-
siderable October and December. Prices
will be governed largely by the weather.
Edward Moyse d Co. said; The time
seems ripe for SONS Napoleon to arise and
organize the bulls for a whirlwind campaign
against those who recklessly sell cotton short
at prices far below the value OF the same
cotton, when turned into yarn or cloth. We
do not aspire to the role Of a prophet, but we
declare without hesitation that II only one
half is true OF what we hear about conditions
III Bhlbe Vi hihcoliio NAtoo'Dotbp'f
Arkansas. northeast Texas and the west
Texas cattle country. the prices OF the Sully
year may be exceeded.
The elements which invite outside specu-
lation of the aggressive sort are:
First, consumption the greatest, known
Second; prices for yarn and cloth which per
nit mills even now SO, to pay from tb }So' ! to 5EE;
from last year is rapidly disappearing into
other manufactures. owing to its poor, char
aoter and relative cheapness; Fourth, the
demand for new cotton OF desirable grace
will clean up early receipts as fast as they
appear. and, finally, a crop outlook which
at the. very best promises much less thar the
bales, and may easily fall below ii 900. 900.
Messrs. Bartlett, Rich, Carpenter, Mcln-
tyre and Hubbard were sellers. ,Messrs. Dick.
Atwood, Violet & %. said: Although it is
much too early to form conclusions as to the
yield, the known condition OF the plant TO-DAY
Is q strong indication hat the crop will be
ing Of a limit OF 10000. 600. Should extreme
hot weather continue through July and
some It is now not a question OF how big the
crop will be, but how small II will, be, and
how much short of requirements will, II leave
the mills who have gone ahead and sold goods
on the supposition that the supply would be
The statistical position as made UP from
the Financial Chronicle Is as follows:
IT., ,n,,. THIS Se g; Lqs 81, ,ns sss Ls: sS gs az
o oi' WSic iSrRRP msr dia,n. s g Sc s ssssssss I;sss SIS SIS
Crop in sigh, , ls'sSS'4S' i2aSs'eSS lo1o+"s
01 ins week setI s'en' aut' S71B Sosso e77
Cotton on the spot was unchanged. Mid
ding, 2sSc.. AGAINST lo.e9ca last year: Sales,
markets were generally, steady, The port
receipts we're estimated at 1000 bales, against
2.2Il last week and ? 1872 last year,
the tone barely steady and the estimated sales
100, 900 bales. Prices as follows