The sun. [volume] (New York [N.Y.]) 1833-1916, 1908-08-09
III CoTTON MARKEr.
Liquidation Cause Doeiine-ssme Ham
meFing-IAverp0oi D~isappointing.

A1Susoeuon causes HSootne-Seno HAM
meEing-LAverpooi Disappointing.
People who preferred 10 take the bird In
hand rather than walt over Sunday for
possibly two in the bush liauidated long
cotton yesterday and this caused some de-
cline In prices. OF late the leading bulls
have taken profit TO some extent on the
bulges and have thus been in all the better
position to support the market when room
traders hammered or the South sold or some
Of the scattered Wall Street following liqui-
dated. The Livermore interests are still
believed to be heavily committed TO the long
side. not oonoealing or attempting 10 pal
late the fact. Their opponents think that
the weather and crop news Is too favorable
and trade too dull TO warrant bull campaigns
at this time. Some Liverpool and New
Orleans bulls agree with them. although
there is also q strong bull faction in Liver
pool. Texas was hot and dry. with tenn
peratures Of 100 to 100 in half q doxsn different
places. The Mississippi Valley would be
the better 10Y for dry and moderately
high temperatures for o time. Hot winds
there. 1t 10 believed. would work considerable
mischief. as the plant in many sections shows
q rank growth. Spot markets were generally
steady. though In Alabama 1t IL said that
there was some weakening and since July
is spot markets ct the South have fallen
u TO n cent. something which brings them
more Into line will futures, or In other words
tends 70 restore things to their normal order.
The, speculative situation as 1t stands Is
simply this: Wall Street IL heavily long on
q gradual revival of trade in this country. .
comparatively low price. q big short interest.
mail stocks ct the chief centres Of the worlds
cotton trade and a possibility Of some mischief
yet o~vertaking the crop while even II II proves
Z ne needed !ssf e G hi up sSs lh %s saissins !a ZAP d, aH sup ..
Rice ESs Visible and svisiSls. 3. b 4 q .s sids ss. e
est degree chimeTIcal 70 attempt 9 bull CAM
S Dsd sta n e Ses sps Of 4 Sss orG b.s spa d III. ' 5. e.
decidedly Interesting. one here. while. Mid
w Woo s ,a a,se e Ssr q i nsiis a sis o sae su g o shs
mast. Prices here hold most Of q recent ID
'. 4. s. f cssnIn ( fr en- g ssI e % PSin ssp.o. to .se
: g sSIss |. s WI ssss1n g . .d gssS t; al :D e.
'n Mssr IN ssr brokers' aSsS SoSsss but %1 arc siso sup.
Rs:s Mash e have we: :Sla s e I'M Hoe sfis.'i Hu ss5.s,;
.p 's,s @Ssad x. we'd IL ( CO. eey sssa r' .f tS:t saTsne.
jf Hn ses ssooSn. 0 sS1eS ssi: asd e. ne. sS1 ssse: ssa
sss. ssF'' 4 i Sss now nc ysS SssoS 81 l g sn WIZ pu Is
% ppo 5sHSfs : N xxx *. 's nsss tS SSI,sp's 4 u pr psi0 xis~ =
or by the concentrated long interest continu-
ing daily to add to's burden already too
Spot cotton declined 10 points. Middlins.
10. Tic. The Southern sp0s markets were Rcn-
orally UNCHANGED TO- &c. lower. Middling:
10ac. Charleston. i01So.. and Augusta. 10xo.
The movement was a. Follows:
Ysstsrdds. Last seek. 1907.
Since September H.. .e.96S,sN -. e.oez.7a
Tho estimated receipts were az follows:
koHirn Last veek. 1907.
asivessoa.. 5,soo-s.s i.TT 10
New Orleans. .....S.., 500 600 iB 1o2