The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-02
TIE oOTTON r *
A Decline On. Front Taking -Less Rain IN
TexaS-kIeAvY Rains IN Georgia. North
! nannIlna and HannnAaAA.

4 ~ hNDDNAANB WI AehAAAo-AC
TexaS-HeAVY Rains IN Georgia. North
CaFoIlna and Tennessee.
Better weather and profit taking was tho
story Of the day. It meant, however. only a
moderate reaction, as the sweep Of prices goes
nowadays. II O market advances 90 points
in two days and reacts on the third day only
some 10 to i6 points II is not very much OF q
reaction. II looks as though there was a rock
bed under such a market. Texas had less rain
and the prediction was for fair and warmer
weather for the Southwest generally. In
Georgia heavy rains occurred, the preclpita-
ton ranging from / to SH inches, and In
| North Carolina there was O raiifall Of I TO "a
inches, while heavy rains. were reported In
parts OF Tennessee. The Journal Of Commerce
published special reports from the Caroiines'
giving the condition ~ fair aside from tine
lateness Of the plant. Nobody paid any atten-
tlon to the statistics, though they wero rather
bullsh. The great question Is what Is going
to happen In the fore part Of this week. To-
morrow may be comparatively quiet unless
the weather has been bad over Sunday. Tor
on Monday the annual election Of o~f1cers
viii be held here and i VII be INC no gut and ohd dr isa
s se.tnr with n5o three Ticket +aGSs9s hie the hfis @ noa 'RI
for Louisiana's Memorial. Day, But bullish
Z rT DEE cent siSff iisSSSea! has a%ndOubtsdiy, been
greatly increased. The consensus. too, is that
f Hnicfs BE tse Juno HNs' e is 0r roFuf Ff 70 fail a f Sefg mSoS
below the worlds requirements and prices
As an inevitable consequence VIII reach a
BIZ. Buroh puts the condition at 90 per cent.
and the decrease in acreage, at only l.2per
gave the crop a good start, but low temPeTa-
ture and. excessive rains killed much OF the
cotton already UP and caused seed to TO-
was undoubtedly largely increased, over
last year, but owing 10 the necessity LOT re-
P PeaS .e s%sPla nc sre aTd b SlihloS of this Is feSqeins
two to three Weeks late But planting and
conditions any oonclusion az to flnal acreage
planted and cult waited must be subject 10
SsSng peo as et 5hG iSfs q Pln fhe Giant Rn siso Vii
Undoubtedly respond TO warm. dry weather
and a heavy Yield can easily be obtained
Messrs, Norden, shearson, Springs. Clutch
field and Hubbard we're sellers. Messrs.
Craig, Bartlett. hordan and Bache we're
The statistical position is as follows: AD
kinds OF cotton visible supply to-day, y
responding time last year: visible supply dur
ing the week loses 2la,, l3s bales, against a oss
Of 81 es1 during the G0TrefG9nd G6t ; Meek si en-
for the week, 81, o:D bales. or S.2ll less than
the corresponding week last year; brought
more than to the corresponding time last
year; visible supply to-day. ?si2 OBS 6aies,
or sol ,II4 more tnan AT the OrrehpOiuih
time last year; visible supply during the week
loses ll0,i 3S bales, against a loss of 9l,G97
during the corresponding week last. year;
spinners' takings for week, 2Ss, f75 bales, or
%. a2s more than for the corresponding week
last year: spinners' takings to date, II ,l20,2ll
bales, or ~l.2i5,0ti more than to the CORE
spending time last year.
Cotton on the spot declined 10 points. Mid
ding, IL. SOC. against IL .25c. last year. No
sales. The Southern spot markets were
generally firm. .Mlddllng: Galveston, 124c.;
New Orleans. 121scr and Savannah. i?asc;
The port receipts were estimated at 4,2l2
bales, against 1904 last week and $3.50 last
year.
Futures declined "A to 10 points. closing
barely steady. with estimated sales Of 20O. 900
bale 4, Prices as follows: