The sun., 1912-07-27
BULLS STILL ACTIVE
IN COTTON MARKET
Prices Hold Steady at High
levels Despite Considcra-
bic Liquidation.
Contracts NOT PLENTIFUL
Technical Position Largely Re-
sponsiblc for Present Stcadi-
ness Of Market.
WEATHER FORECAST FOR COTTON
STATES

WEATHER FORECAST FOR COTTON
STATES.
20. Nor,h carolina aud South carolina.
,lr saturday and sunday. moderate north
N northwest Winds.
ro- Georgia. fair Saturday and Sunday !:
urh, TO moderate variable winds.
ror Ahbsina and Mississippi fa'r satur-
A., and sunday. light to moderate north
ca, 20 oa.t winds.
Yer ouisisna, fair Sstuvdsv snd SUNDAY !;
urh, 20 moderate variable uinds.
tor casteru Texas. generally fa'r ss,ur.
-. ana SUNDAY. moderate sou'hcrly winds.
rcr Western T.Nus, generally fair Sstur.
O. aud Sunda"
ror Atknnsss and Tenn's1cc, Frnefalil
',,- ssturdav aud sunday
ro- kentucky. fair Saturdat sunday fs'r
.- eastern. unsettled. probably local showers
10 ~cstern portion.
cotton yesterday went through the usual
daily performance Of making new high
records. and although there was mod
r,sts reaction from The top the market
showed a steady undcrton" at the close
and there were reports that the curb
in some instances showed an advance Of
t,ospo,nt- New orleans went NJ sharply
after the New York closing and il looked
us # there was little furry in both mar
Lc,s with professionals caught tr'fie
snort,
rhi. stead,uess Of the market is all the
more surprising in view of the fact that
c-cp accounts are Of 4 much more encour-
aslng nature than they have been for the
l,A three weeks The general rains have
,cnsed in the Eastern belt and the lew light
scattered showers that were reported yes
,erday served only TO keep down tempera-
lures. although they are not interfering
ia seldom that the
mari a. has ever been favored with such
GOOD reports as are now coming from Texas
and Oklahoma.
There is a feeling Of course that tho next
Government report will make hulllsh
showing and some traders on the exchange
are predicting figures AS low as 80. cont
rsred with sN.4 last month. There IL NJ
hasi. for such deterioration aside from
bulsh sentiment produced by the advance
N price, and this advance has been caused
more by the peculiar technical position
than anything else. Liverpool has taken
a great many contracts out of the market
and the selling by iongs. together with
pressure by bears has not been sufficient
10 provide the market with an ample supply
of contracts whenever there is much buy
IN, Undoubtedly "A strong effort Will be-
made 10 E<fce the market 20 10 cents before
'he bureau report is published next Friday,
notwi'h,tanding the fact that the conserra-
i've element i'll the cotton trade believe
that present prices more than discount the
lrevailing crop situation.
The weekend figures wore without any
particular significance. The into sight for
the week was .: .ao: bales, against 1880
las, year The total for the season Il
ts.Isse;, bales. against II .7:s.j:a last year.
SINNERS takings for the week we're IA '.OW
LYle. against IL 900 last year The de-
crease in The visible supply of American
ro,,ou was 1850. bales, against ESQ.,
lat year.
FUTURES closed steady with prices 8 10 I,
POINTS higher. Estimated sales, 3oo.o"N
bales Prices as follows.