The sun., 1909-01-31
THE COTTON MARKETS.
Liverpool Furnishes Buii Ammunition
Big Spot sales-WaII street and
Southern shorts Taking Proflts.

Bsarish weekly statistics we're 20 much
burnt powder. Not 10 with that furnished
by Liverpool That was good. Shor,A
were put to It to cover there and prices
were Unexpectedly strong. Besides the spot
sales In Liverpool ran up to 1900 bales,
even on a Saturday. That looked a. though
somebody wanted he cotton and wantey
II then and there. The result was a riSs
here OF six or seven points. Nobody paid
much attention TO the fact that the weekly
statistics on the whole made beariSn
rather than a bullish exhibit. Liverpool
after IL. Dry goods reports are on ,na
whole hopeful, although the increase ~
business Is not marked. The fact tns
367 ss7 bales, against $40. .o4O last year. II
already intimated, had no effect. The
into sight figures for the week we're SONS
last year. But nobody seemed to caro-
And so with the fact that the increase {.
the American, visible supply for the wee.
correspondIns corr week last year. year Rather
unfavorable, weekly statistics had been
expected and apparently discounted. Mean
time Ma street = trading IN sbarf snd out for
bulges and cover on the breaks and others
are working on the long side on fair set
oasss ssd 1 ohs sre advsed That
prominent spot interests in New. Orleans,
Liverpool and this market control the stocks,
and so far as New York Is concerned ship
ments are going out daily and very shortly
the stock will be under 1000 bales. These
same parties are quietly absorbing March,
with view to brin nging more cotton TO this
that the in sight movement during the
month Of February will probably equal
a million bales more. leaving only 10000
Il should stagger the manufacturer and
the spinner through the world who
has not taken on a large part OF his require
A, j. Buston cabled from Liverpool:
Sales include 10000 called. There is
poor demand spot; ,
China cloth shippers. Manchsster. yestef::
day simply year old news revived on cred
itois' investisators' report from China.
not market ncSsd fsS,ST maas aasbsrd Hopkr.
GwstSmsy. iss Ioyse. Parrot, Weld cahnp' chptc: Car:
penter and Dick. Memphis houses bought
Sellers: Clews. Bailey. wenman, Riordan.
Edward Moyse 1 Co. said with seven
months still TO go before the present season
ends estimates must necessarily be only
placing the commercial crop at 1880, ,OOO 81
bales. with consumption at 4? 900 900, there
is obviously an addition OF half million
previous year The new planting season
IL about TO open. We take 1t for granted
that Few win deny that consumption during
the best record made by the cotton trade.
II should follow naturally that supplies
euual to the best ever produced are neces-
What viii the start OF the new crop be-"
Walter ". Moler said: II prices should
rece1e 10 the per cent. basis for the sum
n,er options we believe i might induce
neot and speculative buying by Wall Street
and outside interests TO take care Of the
con inucd heavy movement OF the crop
of
stability than the market has at present
for fresh upward movement later on"
Futures advanced 9 TO 7 points, but re-
acted laIer. closing steady. with estimated
sa les CT 75.OOO bales