The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-10-25
WEEKLY COTTON REVIEW
TILE DlsOP OF $500 4 BAIE re
ONLY A NATURAL REACTION
A RISE OF NEARLY s,o
A BALE

-" OK, oct. 21.-Though prices
u cotton have received a sharn sa+-
oack' OF 80 a bale or more, the hulls
'ooh upon 1t as only a natural reaction
di'er q rise of nearly $40 a halo
1AoiohSed favorable weather has had
aolhe eHec on prices. SO have the in
tease IN receipts. More than ali
no~!Ien' the long account lac become
unWleldly and when large So,ltbarn
operators and seemingly certain snot
Interests started to sell. thew uara
naturally followed by the smaller trad
els ana a violent decline was the mn
SEoluaDie consequence. Besides the
SUM mas sold rather more freely on
HeuSes and Liverpool has also sant
SHo oluers. Spinner evidently
were surprised at the sharn hreak IN
raw cotton and therefore have nn--
,ildSeu less freely. Then too. some
Dig spot interests here are sunnosed
70 De against the market. Room trad
eis nave operated for q decline. be-
leVihg that the advance had been
overcome. 4 still more potent factor,
was the growing impression that the
crop mas been un6erStated. No talk il
neard nowadays of a yield of onlv
il,ooo'ooo bales. Even some Of the
puiis VINO believe hat ultimately
pIlees must go much higher frankly
state hat they look for a crop of r.
UoV,OoO bales. Some of the bears in
slst nat he yield will in all PROBABLE
lty amount to 100000 bales. SPOT
markets have been less active and
nave naturally yielded to some extent
n with futures. Very prompt
southern operators including leadingI
1exas interests are believed to have
sold on an enormous scale.
Wall street and the West have been
sellers On the other hand, the bull
ISM ldea IS deep-seated among a large
ia sc nj cnftns,- 90
OF larSe experience who have had
great success in the past not except
ing the season just ended. They think
that even il prices should go off now
Tor q time they must ultimately reach
d much higher point. Lancashire's
to be good. Bar silver has Of late
been rapidly rising in London, where
hy the purchasing power of the far
East has been, theoretically. at least,
increased. Fall Rivers
sales OF print cloths have been large
and the tone of the cotton goods mar
ket is considered firm even il there is
less activity than recently, the fall IN
cotton having made buyers some
what more cautious. Then, too, al
though the receipts at the ports and
interior towns have increased. they are
scale.
A long period of very favorable
weather threatens now to be succeeded
oy crop scafes. Certainly, within a
[eW days the occurrence Of frost int
Texas and Oklahoma has made the
market nervous. Spinners moreover.
ilthough they are not buying on 50 ,
larSe a scale, as recently are still in
the market steadily buying futures.
Large spot interests, although they (,
nay be m~aneuvering or lower prices
are said to be still buying here. AmerIs
can and continental buying in Liver
has at times figured largely in :
he transactions there. The bill of :
aiding difficulty has been. adjusted. :
h q of itself is considered very i'm !
.oortant. OF late, however. the dis !
position has been rather to sell than !
% buy for the time being despitc T.
some killing frosts in the Southwest. :