The sun., 1909-05-16
ENGINEERS.
THE COTTON MARKET.
sight Net Decline on Good Rains 10
Texas-Buytns Confident on the Re.
cessiOn-Wali street and Chlcase
Buyers- Liquidation.

Tho upshot o. yesterdays market va.
that despite good rains in sections Of Texas
where they were most needed, prices endel
less than half a dozen points lower than
on the previous day. Pains fell at c6 TeIa'
points of from 10 OF an inch 70 .es inches
They occurred in western. central. north
ern and southwestern portions Of the state
and IL is supposed will be Of distinct beneht
as far as they have gone. But bulls con.
tend tina. there is little likelihood of a fnl
crop being raised IN Texas after the winter
and spring drouehts and the late Start
Besides general busines, is irnproyinr
Confidence seems to be returning Co.tor
people note with satisfaction that tcnds
Are more ective and that theIe is a decided
improvement in the iron and stnc! ttads
Ir is hoped that the tarin question wi
soon be out Of the way Vt J.: steadily pear.
senate. aud tbe House will Le rea chef, s,d
Il Is believed that ere long the whole matter
will be disposed OF for many years TO cons
mated, cocoa, metal and TOBACCO epscrl'
and Chicago houses. Liverpool has !s'
Improvement. is ,rerorted y the ttsd. Of
good exhibit. The whole nnestios ~ n.
Of supply and demand. 1hs buliist ia"a
Of things is predicsted on n" proros,:.n
that the reSt crop is hkely to be moderate
be- be very pS,. greatly Exceeded by the world,
COnsunpton Msa1tine: i IL s.s i@ss ss,nI ni
50 per cen, oil the world, cotton prodUc'
Some orinIo1s; Henry; Clews IS, a .Soh SCh
calls Tor a far price at least for the staple,
especially while crop prospects are not
over bright. Il must not lie forsotten thai
shn hf sser PERIOD Hsied's Of days
with options selling close, to II cents a
pound there is not the same basis for buhing
'"c Carpenter. u M Il Bassot < Co.. while the into
sight movement for this season 10 date Is
l2.7]s. 600 baies.. We have exporter moi.
than 400 zoo bales and oon american mI;
q total of more than IL 2.oonHc bales out ol
the. total into sigh. movement, leaving
.shsy. aSSa' issssn sas sap.ss h' sa T
become vc,y bullish fastor, shortly"
William Ray & Co: Much OF the short
interest against cotton has now been eN.
Of general demand for cotton will soon
carry distant months at premium. oniE
improved crop conditions are likely to check
AZ oonscsted S delll bmll Situation may. however.
cause a break when least cypecteI -.
ss s% sssi. Msr reason s n
sspeet more ha than q temporsry rescticn, =.
there is a belief thst the time for raising
shssrson. S Hammili & Co.: III now seen:
probab bic that there will be an absence Of
decided price tendency pending more
harmonizing of consumers ara
ma naulfafureres with the changed cond-
tions. We. do not believe that reaetlons,
q any. will be important and tSinE ,hsr hsr
advisab ble."
Buyers: Carpenter. Hayden,. sheartonj
Hutton. MrFadden, Freeman, NicGhcs snd
Clifford, who bought 10, 900 bales OF JsIu-
csHo interests. There WAS good SUPPORT d
Sellers: Springs. Logan 4 Br>au. 't'r~A''
Bsily. Clews, Deegan, Rlordan.
Total visible supply. APO uoa: les Aea,'
:. l6I 900. decrease week. 1852 ,0co: last Sesr;,
$4,000. American supply, ,S.?2S. .ooc a.,
year. 2ssi CO., ,a deSrss.s ,n. wfeh l''~S &sek as
American, ,aF 900: last year, 81 .oon v" v"
ports to date, :, ,sss Npo: last year. 6,ia".
Port stocks. 574. 800: last year. ilsooo
unchanged. MiddlinR. ii,sic. The s22pts-
Galveston, none: New Orleans. i.,H
The movement was as follows
Yesterday. Las, ptcs. .lese,
since September i. ., ,4cosSj 49,. $3.50
=, Tho port exports were 1872 bales s,ncs
september !, 7,ess.aA, bales, asalns'
I. .eoa. .os2 bales last year. r.,a
Futures declined ten points. then ,sI4sa; 1I4;Tr
nervous. with estimated sales Of ?'''''