The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-12-07
(By the Associated Press.)

- 49, U.s.
New York, Dec. EVERY body is
waiting for the government crop es-
innate. which is to be issued next
Friday. In the meantime it is what
is termed q traders market. The
bull leaders do not let the Speculation
get away from them. but they have
not been really aggressive. At times
when the market threatened to sag
rather heavily. they have given it the
requisite support. but If bulls have not
been aggressive neither as a rule, have
the bears. The advocates o flower
prices enlarge on the iuli in trade at
nome and abroad the uuietness Of
spot markets, the high price, the di-
unfinished speculation and SO on, but
they have refrained from putting
their head in the lions mouth Bulls.
while they have supported the later
months have appeared to hold the
near deliveries in cheek lest their
opponents should seize the opportunity
to bring large Quantities of cotton
to New York. This cannot be done
at the present parity and bulls appear
determined to checkHate any move
in that direction. There is some talk
about the largeness Of the crop in
India. but Egypt's yield. OF the other
a is the smallest for twelve years
past. being practically a failure. LIN
erpool, however. has been a heavy
seller here against purchases across
the water, and leading bulls at times
IA appeared to be selling to some
extent, Wall Street, Chicago and the
South have all sold from time TO time
and traders have occasionally attack
ed the market for q quick turn. One
of the most depressing factors mas
been the continued d%uIlness Of the
spot markets at home and abroad.
Reports, too. have been persistent that
the curtailment movement was spread
Ing in Europe, and that many mills in
this country were also running on
short time. Fall Rivers sales Of print
cloths have been small. But if bulls
have not been able to advance prices
much their opponents have recently
failed in every effort to bring abcu.
q material and permanent decline.
Within the last few days. too. tho spot
demand has improved. Crop esti-
mates Of from 10,500,C 600 to 1856
coo bales have been in circulation.
and the receipts at the Southern dis
tributing points have fallen off sharp
ly. Exports have often materially
exceeded the receipts. India has
such large crops Of cotton and grain.
prices of which are so high that n
will be in a position to buy Man.
chester's goods freely even at re1a-
lively high prices. The crop failure
in Egypt has caused considerable BUY
ing in Liverpool Of late by Egyptian
and other operators. The belief j
very general hat the Forthcoming
government reports on the 9Th and
10th instant will be bul'ish. frey
will deal respectively with the ginning
and size Of the crop n may give di-
rection to the market for some time
60 come. Large operators IN VAN
Street. and also at the West and the
South are still identified with the Dull
side. The uptown emen at the
Waldorf-Astoria and elsewhere are
also in the main. it is said. bullish IN
the belief that the crop is short. and
that the consumption will be the
largest ever known. Of late the spec
ulation has dwindIed to merely pro-
portions awaiting the government re-
ports referred to. A government crop
estimate we'll under 100000 bales
might, it is believed, stir up specu-
iation for a rise. One very much
above 100000 bales might cause a
sharp break in prices. Until these
reports are out Of the way trading ana
fluctuations are expeoted to be light.