The sun., 1909-05-02
THE COTTON MARKET.
0nSht Reaotion--Market Acts . little
Tired for the Momeut-Supp0sod ia
Bo Somewhat Overbousht-Heavy
IAquidation-Bad weather Every.

II bulls harder than It did. 1t is q good
horse In the Judgment of the bulls. but he
acts little tired. even a little blown. after
. hard run up the heights. 1t was con-
sidsred significant that budget Of bull
news should have had so little effect. 1t
included very heavy cold rains in the Mis-
sissippl Valley. Alabama. Georgia and the
Carolinas and very cold and backward
weather In Texas and Oklahoma. Freez-
ing conditions have prevailed in the South
west within the last forty-eight hours.
They are not likely to forward field work
or termination. The mornings weather
prediction was for frost last night in Texas.
Arkansas and Oklahoma. Also yesterday
liverpool advioes were distinctly strong.
The advance In response to all this. how
ever. was sluggish. very moderate and only
temporary. although spot interests were
credited. with, being good buyers of May
ersbie @ ia nuary. @ and some W al Sire Street houses houses
bought July, October and January. The
South bought to some extent early in the
L was a day Of liquidation rather than OF
of which are known to be bullish for ultl-
oireumstanoes TO secure profits and they
were heavy scllers: This naturally had
rlose or less effect. though believers In cot:
{ had 50 comparstively little effect. Hears
sniarse on the crop T,oyement and think
70 some cases that the last yield was nearer
The week end, statistics, moreover. were
comparatively besrish., The decrease In
the. visible supply Of al kinds was 72,sss
last year. The decrease In the american
10 AS during the same week Of 1908. Be
ware only n iesois bales against sss 1e for
the same week last year. Bulls. however,
regard this q . mere temporary nuctus.
crop. crop however % large, viii be needed. 10 adj.
the consumption Is to be anyt6ine like
eottoa sss .ls 4: soR ahni vii Sc and the
crop should prove to 6e as small as some
row fear may ,.g bs The hsTkst
sns shore ams rhss see Was pao
to everybody. New Orleans was q good
seller. The question now arises. What
weather conditions continue at the SOUTH
where throushout ths cotton belt and Texas
a tho Atlantic Hs tic STATES 1 %on be- beneted BY
clear weather. Everywhere higher tenn
peratures are essential.
long a. cotton Is dificult to sell and the
spinner remains indifferent to bad crop
reports the mere fact that speculation
the bull side OF cotton. but we are inclined
TO- think no decline of consequence will
poets OF the new crop should become much
better" Henry Clews Il Co. Cotton is !
~ . very nervous and unsettled condi-
tinue to show much more strength than
Weakness Sterrett Tait: For those who
are kceptical about q further advance In
cotton America has offered the world from |
last years growth we want to mention
the fact that during the last week Of April. |
season OF ipoe-o7 when the yield was about |
IS 500 600 baies) which COMPARES with this
week OF this season OF i9os.os the May
buyers: .shearson, Chaplin. CLIFFORD. LIP
per. sternberRer, Freeman. Mitchell. Dick.
Marsh, Sled enbers and scattered Shear,
son and Chaplin were among the largest
Rsss1s sessm.n 0' bought s May and July SssSIly
Mitchell at one time bought quite a little
Carpenter interests are suthoritatively
stated to be as bullish as eyer for ultimate
results. The, market might have acted
Liverpool had had q change to buy on
sellers rspSrtsd Springs csrpeptsr a,p and
October and January, Clary and Hubbard.
July and October Bailey and Davit Miller.
sIy. y SUI supposedly for New Orleans. Some OF
the old bulls would not be surprised to SEQ
q good decline before the advance 10 re-
sumed.
The statistical position as made UP from
the Financial Chronicle is as follows:.
This rsek Laa vesk. 1908
Visible supply. . AHl,0oo A6A.03 s,8S.iT
Of whlcb AMERICAN aSii .069 ASsi, ,Ioa aepli71
Crop IN sight. 1sl4e,se0 i2O9e.4e4 10 .2sp,SW
'sf dns,nt 1--WE Week.. inns i4sns 1850
Tho estirnated Into sight this week II
Futures advanced . to 7 points. but lost
this and declined 2 to. l. points. ending
steady, with estimated sales OF 100000 bales.
Dc~n. yyfdh. an. f-Io,- Do. |