The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-04-12
CRN the Associated Pre9s.b

New York, April SIT has been
al active. irregular and unsettled mar
kct. but in tho end prices have shown
some net loss for the week on the new
erop months. But May set the pace
for a sharp rally in the present crop
months in the latter part OF the Week
when SPOT interests and patten hrok-
rrs became large buyers of that op-
tj0D Vet. for q time earlier in the
week. the feeling was noticea bly, de-
dressed. Texas rains, for one thing,
have initiated AGAINST bull speculation.
So have reports of shipments from
Livcrp0of to New York and also from
the South with a view to fighting the
MAY deal, though it IS said that ship
ments from the English market TO
New York would involve q loss OF
four cents u pound or $40 a bale. Dis
lurbjng rumors have been current,
too. that the leading Chicago cotton
operator had sold out. He sharply dc
MED this, however, and also the stories
that he had sustained very severe
losses. James A. Patton has an
nounce himself as still Il bull and as
SertS that his opponents are simply
following the lead of W~e1-knoWn spot
interests in New York and Philadel
uhiH. He contends there Will not be
cotton enough to go around. Liver
pools pot and call sales have at times
N'N4 IL tt+f 49, VA ca'| 49,
bales. Bulls have at times bid for
big blocks. 10000 bales OF more at a
time. After a recent decline of about
4 cent and heavy liquidation bulls
thinh the technical situation is very
much better than it has been Tor some
limo past. M~anchester'S trade is i'm
growing. Yarns in this country are
exported somewhat more active. The
Texas rains are pronounced by bulls
10 be insufficient. They go that
what they consider an average Of about
two inches Of rain is not enough to
put Il good season" into the reported
six feet Of DRY earth in the Lone star
State. The Waldorf-Astoria element
Hus been buying on declines. At times,
TOO. large spot interests have bought
October.
Rrcmen has reported q much better
"mand Part OF the Atlantic section
OF the belt are said TO need rain. Wall
street and the South have at times
been buyer. notwithstanding rtlluorS
nat IL compromise had been reached
#lth AIay shorts the leading bulls
seem to be sticking TO the dea! in thai
month and they predict n scramble
Tor cotton before the end Of the sea
son. Speculation, aside from the trad
nS ii = lew large Interests and theiI
Following IS small. The business il
actual cotton in this country i9 re-
ported to lbs light. American sDinners
01lI buy from hand-to-mouth. Power
fui Interests which trade i'll the actu1
cotton heavily from year TO year are
"ifAN"d against an advances iii prices
81 this time. Dry goods reports as IS
val" arc ~pcssimistic. Eurtailment is
persisted in in most sections of the
notwithstanding industry III this coun-
iE. Bears maintain that there will De
more than enough cotton for tho
A"fld : needs when allowance is fiadC
or curt7iiment Of production Of cot
ION goods. Very masny members o,
me trad. are holding aloof awaiting
Iur'f"r Developments, declining to takC
me l1Sk on the one hand of selling
snort and possibly being squeezed o.
on lhe other hand Of buying and per
maps getting some of the holdings o
's@omg bulls. \ large acreage is tx
Dt'tod and also Il revival Of trade
.'ttf IN the year. The present situation
I'1|zies some Of The ~shreWdest ana
most Experienced