The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-05-04
WEEKLY COTTON REVIEW
PRICES HAVE ADVANCED ANb
TRADE GENERALLY HAS M.
PROVED,
(Bv the Associated Press

tD[ the ASSocIdl+1 lIt->-}
New York, April 30.-Prices OF csL
ton after some irregularity have last
ly advanced under the stimulus q =
neyyed activity on the part Of the =.
spectators in Chicago and tle V -,
generally III Wall street. a-E al T..
South. Liverpool has also bo1E-r
The outside public seems TO u attr-cr
ID to cotton. People believe cc-ty.
IS a purchase because they think II
the season is one TO three weeks l&t
and that the nance = against { IN.
yield this YEAR. unless conditions -~@1
now on are unusually favorable.
General trade IS improving Il -u
bulls think cotton Is bound - slzr
the Improvement. They think n
chances point 10 q moderate OF -
crop While there IS a reasonable Cr
tainty Of q big consumption. II -
last four years crops Of 1850 :"
bales and above have been succc75-
BY crops OF 200, 60o to 2,2QQ, coo H.
smaller. Why not this year. re- ,
the bulls. Now and then it IS Vrue -
big crops come together. That "
the case in the seasons Of 16el-se l1-
1s4S-'a9, when what were theIt ET
high recor Yields 81 1920. 0o4 i.,'
or yer were raised. But the ere .
1964-'05 Of 12,565,000 bales vas 81
lowed the next vear by 4 OF ~
11.345.oo0 bales. Similarly the 80
Of 19o6-'o7 Of 13.311.oOo bales "a
succeeded by one OF only 7L.tU
bales. This in turn was succeeded !
the present eason by n which Is os
dinarily calculated TO be ~1o.506.@"
bales OF Whereabouts. The GUEST
arises: Is the experience Of 1907 3
and that of 1905-'d6 With their Crr-.
Of ~1I.345.o0o to 11,511.000 ~follCH1e
yields Of 100000 and above to b. =
peated this season, the answer to Il
question ay NEAR hundreds Of -.
lions to the South.
Meantime, although the receipt Lr
large. it is assumed that this maSsI
indicates recent large buying at -
South. An estimate on the CT11
puts il at ; per cent less than JhGt .
last ear At this time the corcers" e.
II operation is that whether on =
count of 2 bad start or expected go
age by boil weevil. or from curIer
down Of the arear on account Of g.
tempting prices for grain the preS@a
acreage will be somewhat eurtlaee
oHe report outs the reduction at /
per cent IN Louisiana, ten per cert+
Oklahoma. six per cent in ArkaIsa
five per cent in Mississippi and t.
pr cent in South Carolina Gec-2
and Alabama. There is n little ALA
ii Louisiana over the boil Heeyil OF
ton. On the other hand. mill STOCK
III Europe are reported to be haer
and Europe's trade IS not all hat cIuf
he desired. For that matter, althoUz
the warn business III this country h
somewhat improved the revival 8
trade IN most cotton farbrics. thCL~
it has made some progress, is rat
slower h had been expected. Te&-
has Vet time to retrieve the iatenoS=
the season The eastern gulf sta.
which at one time had rather =
much rain. have latterly been favOra
By fair Weather. The big moyeu>1s
into sight has also surprised q g ,
many. % trade at the South
times has shown a luil and the sac
may be said of Liverpool. But tau
all and al the statistical and rao 80
uarion is considered by many to b g.
the Kind to favor transactions for
rise and speculation q within 3 e
days b~roadened perccpitib1y. The =
tional GinnerS' Association estircla=
q reduction in the acreage Of s r.
cent.