Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

lowing the call sold off to a net loss Of
ABOUT points, while the more active po-
slti0ns declined to net loss of some 5a8
points as compared with yesterday. There
seemed, however. to be a pretty good de-
mand on scale down, part of which
was attributed to trade interests. and as
soon as the early realizing sales had
been absorbed the market steadied on
covering Trading was moderately active
on the early decline, but became quiet
later In the morning. with fresh business
waiting upon the character of weather
over Sunday. The weather map showed
little more rain in the eastern belt and
no precipitation was shown in Texas,
but the showing on the whole was con-
sidered better, and the forecasts were
rather more encouraging, as they called
for probable showers In only a part OF
the eastern belt and for showers in north
east Texas. The bullish weekend figures
appeared to have had little influence In
cerned. but the spot market was higher
and more active.
NEW ORLEANS.
NEW ORLEANS, July Spot cotton
steady, 1-16 lover: middling, 14h. Sales
on the spot. 225 bales; to arrive. none.
to points Sew e sgs
about as expected, but the weather map
indicated that less rain was falling in the
eastern half Of the cotton belt, and this
prevented an advance on the first call. In
crop months were entirely neglected
Longs exhibited disposition to take
profits in the new crop months.
The market was dull throughout the
short Saturday session. and the price OF
October, the most active month on the
board, moved only 3 points, from 1858 to
12.71. July advanced to 14.99, a level q
points over yesterdays closing, on a few
orders from shorts. Reports from Arkan-
sas and Mississippi continued very bad,
messages to the effect that they would
not make over so per cent Of a crop be-
cause of flooded lowlands.
The market closed steady at a net adj
cline Of points on the other active
months.
Cotton futures closed steady; July,
A.s5; August. 1877; September. 1915;
October, 1853; December, 1853: Janu.
airy. 1851; March, 1910.
The cotton market this week was mar
row and trading was altogether out OF
proportion to the news; on the last day
of the week the October option. the most
active month, ranged over only points.
those that usually trade on a large scale,
were holding off, and the market felt this
attitude. The net results of the week
were decline Of points on July, a de-
SiihC VI pOiutS Oi august otao al ~
vance of IA to 20 points on the new crop
months.
The news of the week was important
and ordinarily would have caused heavy
trading and an excited market. Reports
from the fields led all others in interest
and told Of extremely unfavorable con-
ditiOns In the eastern and central portions
of the belt. The worst reports came from
Arkansas, Mississippi and Alabama, all
three states complaining that excessive
rains had made swamps Of cotton fields
In the lowlands, and in the uplands had
badly washed the crops, taken fertilizer
out of the ground and left the fields in
grass and weeds. In some sections it
was claimed that enough damage had
been done to cut the yield so per cent.
Georgia, the Carolinas and Louisiana also
complained of too much rain and in adj
dition Louisiana reported multitudes of
boil weevils in some parishes. The DAM
age from this last-named source was
said to be so great on some plantations
that crops were being plowed under and
replapted in other crops than cotton.
Texas complained Of the lack Of mois-
ture during the early part of the week.
but toward the week end accounts from
both Texas and Oklahoma showed i'm.
provement and to some extent Offset the
unfavora'ble reports coming in from the
other states in the belt
AS balance to the crop news. many
stories of mills shutting down for longer
or shorter periods were circulated, and
they had their effect during the earlier
part Of the week. Friday, however,, Hes
ter put spinners' taking Of American cot