The sun., 1908-03-22
TIE COTTON MARKET.
Prices On-small splnners' TakinEs-spots
EasIer-C;eneralS Selllng Weak

Prices On-smAll splnners' TaklnEs-spow
EasIer-GeneralS Selling weak
Most people thought there was only one
way Of looking at the cotton market, and that
was the way OF a bear. Prices certainly
dropped. and II is rather rare thing TO hear
q word in favor Of the market, though now
and then there Ia quiet expression Of opinion
among experienced people that the decline
has gone too far, especially considering the
fact that tho New York contract II more
valuable than II was year ago, when II
favored the low Eades in a way that Il GER
tanly does not now. But yesterday almost
everybody seemed disposed TO sell and stop
orders we're caught, Selling orders came
from Wall Street. from local operators, from
New Orleans and many other parts OF the
South and also from Liverpool. Trade IN
spot cotton at the South seems to he at the
vanishing point even at shrinking prices
Spnners' takngs for the week fell on ?5OOO
bales; and to be exact. the total decrease IN
the worlds takings Of our cotton thus tar
this season IA 94s 6oI bales. The visible sup
ply is decreasing much more rapidly than II
was year ago but nobody seems to care Tor
that. The total OF all kinds Ia 4,5Os, 900 bales
against $50 900 at this time last year, In
CludnR S,2lS 900 bales OF American against
about 400 900 bales more than this year ago
1t is the fashion to insist that thoOgh supplies
are lighter than n year ago trade ls even
lighter. Therefore the bull is a scarce animal
aud bears crowd the horizon. There are
few bulls, however, and they are new con-
s \ would sGsD 6sy STs pre
ent supposed TO be heavily short Of July.
The other short interest here is believed TO
be large,
the Efu0ucfdI lhTOBtClp il follows.
Rcs.. ~. Rc:t Fs% l@s,. f."
SfMScS SHSi sSpR2s 2nsrc,p ssS ssss5 s@ ss Sds;ss @
Crop 10 sight, 49,, 95s5,22s Ol4a,7s2 ll.SsS, o4
Ing inS WesE"'.''',', %sI .I' wv ipB iOOs 2al. 7S2
Spot cotton declined 10 points. MiddIng,
io5Sc. The Southern spot markets we're
unchanged to 20. lower. Galveston and
New Orleans iO'tca Savannah, iO''c., and
AqHoStai HoSement lT'iG a. follows
YsHs,d1y Last week 1901
Port recelptsn,,.,,., l0,oA l2.bi 2,ly
Since September L., ,7,25e957 ... $3.50 2oS
Movement at thirteen principal interior
towns:
HsSeps HSt1n .''.'.''''''' ~ w Sns lis ,iS ,S1
Estimated receipts;
Houston.r,,.,.,~,...S0 S0O-35n 2&e 1919
Galveston. n..,.,...,..,.9JOo JOo-l5J1 SIS $50
New orleans. ...,...,. .5OO-SOu0 4,Sso ENJu
Port exports 800; since Sept. /, 6,l67 40,
against 8, ,s69, ,767 last year.
Futures closed unchanged 10 points lower
and steady Estimated sales 10000 bales.
Prices follow;
opSn- Hioh. J. oic. CloS- Pre-.
M1,,y.....,.,"."..s:!ss :s sss ~ ~ 8, sa3 ~ g: s,
July",...,.,......,"9.H . % pcs BE ~
august tsss.,.,..s,.,,e " % v b5 v % " ~
October....,,..,,,,.e.bl ejl e.H e9 y %
December eT".u,...,9S S o5s $50 eS 9,5S
New orleans futures were as follows:
Open High. Lou Clos prrr.
,,r onS; s%S, s%, ,TG sI eIo;s; as
July. ..........,..e ees es2 sa 9M
october .......... $50 o.5l 9B 9s 952
In Liverpool spot cotton declined points.
Mddling, 57Sd. Sales. 1000 bales; imports.
1000. Futures declined "a TO "a points.
Prices follow
Saturday,. Friday. 1907
March .ApHl,....,,.S S'9 50 50
MAy.Ju 30 A'a 81
July August. ..,..,..5 - - 81
September October,5 "a 30 So
THE RANK STITEMENT