The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-07-11
HUBBARD BROS.
MARKET letter

Cotton-As the week ends, the mar
ket outside of the apparently peren-
nia1 bull interest appears well evened
up, the demaining short interests
having covered on the dry weather !
scare just prior to the recent break
ing of the drought by occasional
rains in the arid section of Texas. On
the reporting of the showers, whereof
private adyices were conflicting and
differed from the bureau records, the
market declined sharply-much to the
chagrin of the late shorts. The
Texas rains have undoubtedly been
of service, but more are needed be-
fore apprehension in regard to that
States yield is allayed. How much
this apprehension has been Fictitious,
carefully developed by the long inter
est which is now in the new crop
months, may be asked, and in view
| of the diverse advices it is difficult of
reply. Dry weather prolonged beyond
the present time would be of un-
doubted harm, so far it is difficult
| to determine how much injury has
been inflicted.
The quickness of the markets re-
sponse to rain reports shows the
trade opinion is that it is not too
late for adequate moisture to produce
large yield; and a large yield is
needed. Reliable advices are at hand
that the sections where rain would be
ofmost service, are not yet relieved.
The market is in most unstGble
condition and will now as easily ad-
vance as it declined recently on IA
voring advices. Foreign news is dis
quieting on the political and general
outlook, and lessened trade demand
may be expected in consequence.
Locally, old crop deliveries show
wide fluctuations on moderate trad
ling, and interest in them has ceased.
The new crop faces the weather with
most excellent prospects east OF
Texas and Oklahoma, and in those
Estates an ameliorated condition from
the recent showers. A large crop is
probable, while trade here and abroad
lis not promising. The weather in the
Ifar Southwest is the disquieting ele-
lment, and upon that the size OF the
new crop depends. Speculation is in
lactive, and the market appears upon
la level easily affected by adverse or
favorable conditions, within narrow
range, for the present. Beyond this,
with the uncertainties of July and Au-
gust weather, the trade expects an
lactive movement in prices.
Wheat-Owing to the holidays the
week has been a short one, but the
markets have been very active, re
ports from the northwest being the
influencing factor and the latest in
dications pointing to some damage in
North Dakota, where heretofore con-
ditions were supposed to be extreme
ly favorable. Foreign news has been
neglected, and the entire matter now
hinges on the spring wheat condition.
Should further damage appear in that
region, sharp upturn would neces-
sarily follow.
Corn-Has shown continued acti-
vity, owing to the dry weather con
ditions Some slight relief is re-
corded but rains have not been as
general as supposed, and the market
consequently has displayed a remark
ably strong tone. We believe corn
has great merit, and continue to sug-
, gest purchases.
Oats-Have also been strong, influ-
enced somewhat by strength in 9th
er grains, but have also shown an
Independent tone. The crop un
doubted1y has been greatly damaged
t but the extent cannot be learned
until toward harvest. There is sui
ficient in the present condition to
: warrant purchases on minor reces
? lsions.
), Provisions-Have also awakened
= | and shown a better spirit, and it be
: gins to look as though they were
5 coming into their own. They ap
pear to be on a firm foundation, and
purchases are recommended from
now on.
HUBBARD BROS & CO. .