The sun., 1908-04-05
THE cOTToN MARKET.
Speculation staEnant-Prlce Changes Tri'
ilng Statistical Position strong.

Speculation seemed to have a pretty mar
row escape from coming 10 a complete halt.
Certainly the transactions got down very
near 10 the vanishing point. Ia the end prices
were practically unchanged They showed
merely trihing decline on the next crop and
an equally small advance on this one, Bulls
diate on the visible supply statistics with q
good deal Of satisfaction The decrease In
all kinds OF cotton for the week was fully
double that for the corresponding week last
year. according TO the Cotton Exchange hE-
ures. In American cotton the decrease was
more than double. In exact figures Il was
iO3, ,ll5 bales, against IS 900 for the same tins
last year. The Bombay figures for tho week
we're also bulllsh. Thus far this season the
receipts there show . decrease Of about 400 900
bales That may mean that the deficit will
have 10 be made uD by European mills with
purchases Of American cotton. Moreover,
trade Is slowly improving. Liverpool was
buying July here and some Of the Wall Street
houses bought October to some extent, Ger.
tain shorts too who have thus far remained
obduTate may, the bulls hope. shortly be led
70 see things In the right light. But II Ia not
this age OF faith for most people IN the cotton
market faith. that is. In the bull side, Trade
is still too dull. speculation too lifelesS. the
weather too favorable and spinners' takngs
running too persstently behind those OF last
year Fall River was a good sized vet 6ian-
ket and cuts In wages continue tho latest
being among some Of the large mills a. Utica,
The South, moreover. sold October In sum-
oient quantity to have rather depressing
sign any particular significance 20 the trihng
fluctuations OF yesterday. Let Il suitice that
the market practically held lis own. It's
friends are not little encouraged by the
statistics and the signs OF a slow but steady
Improvement IN American business and hope
that the speculation may ere long revive,
The statistical position as made up from
the Financial ChrOHiel is as follows:
W.ss. HES Rsst Rsa Ycar ';eT
Visible supply. .......A .ASiBl60 tt66,497 aSi5.A@
OF which American s1s7lOo Sle,eI sse2.te
Crop 10 sight; l.....s stoieOa s7%,@7 ii,sH'o1s
Ing Wesk~'.4.,.'',... w. iHSH i9.7s 1888
Spot cotton unchanged MlddIng, iO5Oc.
Southern spot markets generally unchanged
New Orleans and Galveston. 1910. Savannah,
10 ll-l6c., and Houston. 10 7-l6c. The move
ment was a. follows:
y,,,,,, k,,. kss ,;1y Los
Since september 49,. 74oO,sSp - SlDT5
The movement at the thirteen principal in
terror towns was 40 follows:
YH. .Aag ,Loa
tsrdav WEEK Year
Shipments. ...,,.,.-. 57el 1910 i4OA
The estimated receipts were as follows:
Monday. LdSi utsk 1901
houston. s.s'.' Jbp-NOD E9A Nt1o4
GalVestOn.....sss..,.so oOO-6uO hIfO b,sy8
New OrieAns......... i600-26o Sbo3 2pOl
The exports from the ports we're Is, ,724 bales
since September 1, 6,34S, ia bales, against -
263, ,7l6 last year.
Futures closed 2 points lower TO higher
with the tone steady and the estimated sales
80 900 bales, Prices as follows
HIGH Lou Clos Pre-.
M,,.sso "a p@ 0tSs Sss
guy.'., '.'s.'..'..b bB 30 y
OCtobeT'.s ss.s.s..s,b wv bW b0
December'.., .. s..,t ~ bb b6 %
JanuAFy.,.s,..ss.,oS S b1 bo Wv
New Orleans futures
Open H1eA- Lou CLOS Pre-.
49, ,ng, e., a. tIng Clo',
SoSl!y;SS;i...-:-SssS o6!yCS.r.......-..::.-.Ss sS sa IS Sss
In Liverpool spot cotton advanced 10
points Mddling, 6.sSd.; sales, q, 900 bales;
Imports, none. Futures advanced 1 to az
points. Prices as follows
Saturday FriddV. 1901.
Hay-June.. b%h BS 6@
July August, ...:....." esT4 h@ 9@
Septem ber. October.,. bH 90 bB
November December e, bls Sb S5if