The sun. [volume] (New York [N.Y.]) 1833-1916, 1909-06-06
THE r MARKET.
Small Decline on Liquidation with .
Better weather Outlook in the Missis.
sippi valIey-weekiy Statistics Bull.

Prices receded under some further liaui.
dalton. Liverpool prices were d~isappoint-
ing. The weather was better. IL was
pointed out that while some adverse crop
accounts are coming from the Mississippi
Valley as a result Of excessive rains. floods
and grassy fields. the wet period has not
lasted so long but that local authorities
feel that q ecovery Of the lost ground Ia
quite possible in the event OF a week or
two Of favorable weather. Also the aues-
ton arises what effect more favorable
conditions would have upon the market
following q higher June condition than
had been anticipated. In any case it Is
largely a weather market. The weather
will have more influence than anything
else In fixing the price. Meantime bears
are timid. There are q good many sold
out bulls naturally not adverse to q de-
cline. Some observers think that the
action of the market during the last three
or -four days suggests the idea that bulls
are conserving their resources in order
to give the market support " necessary.
rather than endeavoring materially to adj
vance prices just now. The technical
position OF the market is by many consid-
cred to be probably better than It was be-
fore the report Issued. Wall Street men
interested In cotton think that O big
expansion in trade requirements furnishes
the real basis for bullsh sentiment. Great
ing an investment dema nd on a scale down
S Gadi,ne m n p4ioss. As Sc much Sn for p ese buaiish
prospects point 70 a good crop. which.
With a big surplus to be carried oyer frGm
notion that there is to be any decrease In
the acreage and they think prices a6surdly
| htnk Ea ~ Uaafhpr urn nraHtef ad fAr fhn
flooded central section Of the belt. The
but had no perceptible influence
" have quite q number Of bullish repo rts
from the Atlantic owing TO excessive rains,
and there are 80 many adviSes Of a similar
serious opposition, to ruling prices may be
expected unless the situation Is decidedly
c. II. Hevere: THE bad weather In the
Eastern belt. which has been a bullish factor
for nearly two weeks. now appears to have
given way to more settled conditions, and
were hoping for a decline on good weather
George F. Jones 4 Son: Unless the
we cannot see much decline. and with IN
favorable weather a brisk upward market
Is almost sure to prevail"
we'll TO note that only one large crop has
been produced when the initial condition
was az low as Fridays Government figures.
The crop referred to was last seasons.
The greater area on which it was grown
was alone sufficient TO produce 900. 900
bales. In addition the latter part. OF the
season was unprecedently, favorable, In
~fuences such as trade and relative cheap
ness OF cotton as compared with other
commodities ,unauestionably favor sub
stantially higher prices"
The statistical position as made up from
the Financial Chronicle is as follows:
This p.ek. Last reek. 1904.
Visible SUNNY. 3,sli.s8 3.aS4.M4 3,I0o, e16
OF which American 2,sl9.6S 3,0+ 81 2,0S ,e76
Crop In sight. .l2,S3o.Bt 12.76l.6S lO.oW .o6
Came into sight
during week. 90. Tbs l5.lh Ss.7s
world's takinss for week: american 100 900
bales: last year. 1907 900. Total exports TO
date, 1912 900 bales: last year, o.97s. 600.
Stock at ports SOS, 900 bales, last year $4,000
Liverpool cabled Norden 4 Co.: Italy
and Westphalia distinctly better; spinners
Sellers: Dick, Schill.. .Riordan. ,Parrott.
Hentz. Frederickson and Wall Street houses,
Buyers Clews, Mohr, Ray. Gpmoens.
Wilson, Marsh, McGhee. Gruner. Bar sill
yer In London again advanced I'd. Futures
declined four to five points. closing barely
steady after estimated sales OF $4,000 bales.