The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-06-08
COTTON REVIEW
or THE WEEK
Trend of Prices Have Been
Upward
DUE LARGELY To Rains
Prominent New Orleans Men Say
hat the North and East and
Europe Have No Conception OF
Damage by Rains-1,452,OOO Re
,iuctlon in Acreage.

l1ilCflOn In Acreage.
iBy the Associated Press.)
New York June 4.-AlthOugh ir-
regular, the trend of prices in h cot
TN market had been upward mainly.
wing to heavy rains in louisiana,
G1ississippi. Alabama. Tennessee n
Georgia., giving rise to the belief hat
r4ports on the conditions of so to 50
rer cent We're offset by rains. III some
ceSes t~orrential. which have occurred
s1ce May 25. the real date Of most
o the favorable crop reports which
hzve 'atterly appeared. 1t was as
s1med. too, hat however favorable
tie government report Of June 4
light be allowance in his case would
T ave to be made fer the fact that its
ata also would come down no later
tar May 25. Meantime q good many
r-ports Of damage from the central
I'D eastern belt have been received
Clrilg the last few days. Prominent
New Orleans men here have insisted
tat the north and the east as we'll
as Europe have no conception OF the
OF the excessive ain in
tie Mississippi valley, and eastward.
Texas. too, it is insisted, in some
arts at least, has beer getting too
T-uch rain. Receipts, moreover. have
Zen decreasing. Recent heavy liqui-
c4tion has improved the technical
rosltson from a speculative point OF
lew and the worlds consumption of
american cotton during the coming
yaar is expected to be unpreceGently
rye. 1t seems to be prefigured By
. broadening Of trad" generally,
FADED by iron and steel.
On the other hand, however, it is
: fnct beyond dispute that most OF
tie reports or the crop latterly pub
she have beer more favorable by
to : per cent than that of the gov
acreage when the June condi-
C-ons was 1877 per cent. Some scout he
iIea, too that there is likely to be any
~ocreaSe in the acreage in the South
) a whole viii. prices; at their pres
ut relatively high level. 1t is argued
nat the reduction In the acreage is
ten talked of but not often brought
bout. The crop outlook is believed
- many to have improved not only
n Texas but in most sections east Of
tie Mississippi riE yer. A big surplus
= likely to be carried ovez to next
s7ason which will have to be added to
z -xt seasons supply. Textiles improve'
nth rather Disappointing slOwness.
he big advance in prices In the last
w months, it is commended, discounts.
: hateNer bullish factor there may be
- the situation. SpinnerS are buying
5 a rule on only q moderate scale.
Liverpool has been selling and so has
Val street, the South and the West.
n however, there has been
SIch 4 determination among certain
@opt% to buy that prices have act
Iily risen during the weeks in the
c~eth Of soma very favorable crop re-
rorts. Chicago, New Orleans and Wal
>-reet have at times bought with a
rec hand. July, after selling down
c.ose to October, has l%atterly increased
Us premium over October materially.
II Is argued a good June report does
rot always mean a big crop. III 1856
the June condition was 97.2 and that
- July 92.5 when everybody was pre-
letting a crop of II, 900. 600 bales. But
a slump in the condition in August
. SOL and in September to 64.2
worked everybody up, prices advanced,
and the crop turned to be only
S,758,OC0 bales. In 1901. however. q
June condition of 80 and in 1906 a
Jlne figures of 84.S in each case was
The herald of crops Of over 1880 900
bales.
Today the government gave the con-
t}tlon as 81 per cent with q re-
Guction in the acreage Of 900
a2res. The market was but little af-
fected.