The sun., 1909-02-07
THE COTTON MARKET.
slightly Hlgher-week's Statistics Rullish
-McFadden and Carpenter Interest,
Buying.

slightly Higher-weeh's Statistics Rnllish
-McFadden and Carpenter Interest,
Buying. .......
Though Wall Street In some Gases W,
bearish and trade was dull and later reports
cut in half Fridays rumored total Of 20 ON
packages sold to China, and althousk
moreover, there were pretty good rsins
In the eastern and Memphis section OF the
belt. and spot business almost disappeared
prices were slightly higher. Spinners' TAI.
ings, for one thing. were ssi ,s35 bales, or
90 600 bales more than for the same vesl
last year. and American visible suppliss
decreased 34,2st bales, or II 900 more than
for the same week last year. Tho worlds
supply Of all kinds decreased A,se5 bsles
OF some q. 900 more than that for the sams
week In 1907. New Orleans people too
insist that unless things improve tho nert
crop can be only a moderate one, owing
by boil Iweevil. But for the moment tbs
market has got into a sort Of impasse, and
II will take something striking TO extricats
4 from L. such 2 situation There is talk 70
In engineering the recent advance are likely
TO take hold again before long. However
this may be traders for one cause or an
side except for quick turns. Texas
considered as dry as bone. Tennessee
banishes bucket shops but upholds leglti.
the South should take leaf out Of Tennss.
| secs book, Tennessee seems to have lea
Of Southern impulsiyeness and more Of
Northern canniness than some other South.
ern States that might be mentioned
l,aily \ Montgomery said: The fact
! that cotton IL not being pressed for sale
Is also encouraging buyers OF contracts,
trade conditions are Offset by some good
ones. Stress Is still being laid on the ab-
ssnce OF moisture In Texas. regardless Of
Snenoe for or some @ days 70 eome '1 B,od. Si s10ss
has complaints from Dallas Of dry weather,
no rain having fallen since October. II
says the dry goods trade Is fairly active and
are are irmer and print cloths tH sctive. 'Tbs T6s
Chronicie reports fair activity In the pri.
mary cotton goods market, .jobbers having
good. buyers have indicated that they would
not operate freely at higher levels Short
ness OF stocks OF dry goods Ia reported
by Dun's. and the fact that. buyers are now
and September indicates that the majority
are satisfied with TIN. present level.
The total visible SUPPLY is 5.elt0oo; last
year. $500: American visible. .,5ss 900;
last year. $3.50 900. decrease, week $1,000:
last year, 1900. Worlds takings, week.
ports TO date. 5,s5i 900: last year. S, ,asl 900.
and At interior towns. 7+s,ooo; last year.
McFadden and Carperter brokers wers
buying. Craig interests bought May and
October and sold July, Sellers included
Wilson, Schil. Aver and traders.
Henry Clews A Co. said: Steady liquids-
ton has been iD progress during the last
fortnight and most of the sales have been
absorbed by large interests, who still appear
to be identified with the bull side. lndica-
tions all point to a market with moderate
changes, until something more Is known
in regard TO the new crop preparations and
prospects.
William Ray 4 Co, said; The only change
we can report for the last week Is less de-
mand with rather heavier movement than
generally anticipated. The short interest Is
constantly being reduced, while the long
anticipated boom in trade appears slightly
less confident. The disposition among
traders is to watch the operations Of the large
holders of nearby contracts and OF the spot
supplies. Possibly their operations will
dictate the next market movement OF i'm
portance. The holdings are large in strong
hands. but speculation II not increasing,
while crop estimates are being increased.
Every argument for legitimate rise has
been well worked. IL must soon be ques-
tion of the distant prospect and supply
rather than the immediate future. While
holders remain firm, we do not look for any
material decline. Manipulation may tenn
porarily advance prices of near position
Cf undertaken"
Futures advanced few points and closed
a eady with astin cd sales of 100 OnO balas