Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1910-11-12
The Cotton Market

| s'' NN'N' H''N'h'Af
! New WORK, Nov 1.-The cotton
market recovered most OF Yesterdays
4 loss during today's trading, for while
scattering liquidation continued the
offerings were not 80 heavy and were
readily absorbed by demand from
foreign ana domestic trade interests
,and the covering OF shorts The close
was steady nt net advance OF IL TO
| 10 points The opening was steady
AT an advanCe OF 4 to points, and
inside of the first half an hour the
Iactiye months sold ~ 10 II points
met higher, on covering ana hull sup
ports, Inspired bN the showing Of ca
| hles and private ndyiccs from Liver
pool, attrlhuting the strength to the
| lirmness of the Southern markets
land the activity Of European trade.
| Offerings increased on the bulge,
NEARLY all OF the large wire ana COM
mission houses having selling orders
presumably for long account ana
prices eused Off 7 or piouts from
I the best in consequence, There was
la good demand from trade interests
and foreign sources on a scale down,
! however and when there appeared
to be nothing fresh In the way Of
news Developments The market firm.
ed up again In the later trading on
the talk of firm spot situation with
the close only To points Oft from
the top, There was continued dis
Icussion Of the census figures, and
Inothing developed during the day to
indicate any general change OF Views
as 10 their relation to the total crop.
southern spot markets officially re-
ported early were unchanged to
/ l-l6c higher. private cables re-
ported that estimates Of the Indian
crop are being reduced from 5000
1000 10 5,500000 bales, Closing bids.
November li,iSc; December 1850,
January lI,b7c, February li65c;
March, ii.7ic; April, li77c; May,
liSSc; June, liS4c; July liSic: Au-
gust, lib4c' Spots closed quiet. q
| points advance, middlin{ upands.
liSOc, do gulf 1905, sales 500 bales,
New orleans, La, Nov. l1,-Fu-
tures opened steady at an advance OF
I to points ON q somewhat higher
Liverpool market than was due. Prl-
vate cables were very bulish, stating
| that English traders were impressed
with the firmness OF the Southern
markets and with the activity Of trade
In Europe, After the cnll buying or
ders for both accounts came In, an0
were met by only limited offerings,
shorts showing little desire 10 In
crease their mommitments The
weather map was favorable, lndIcat.
, ing warm and dry weather every
whore In the cotton country, hut IL
did not stimulate selling At the end
of the first half hour Of trading pIiceA
of the active months were ii 10 IL
points up The market was quiet but
steady throughout the m0rnlng
Around the middle Of the morning the
bears increased their offerings hut
| ceased their selling when the 'ru-
NOR was spread about that short
houses were the heaviest buyers ana
that their purchases were to hedge
sales of spots 10 mills. Gables from
Manchester stated that very large
business was ding In that market
both In cloths and IN yarns. The fore
east predicted unsettled and colder
weather In the eastern half of the
cotton belt which was considered TO
be an unfavorablc feature. At noon
prices were 10 TO - points over yes
terday's close. In the afternoon ses-
sion the market was quiet but steady.
Al o'clock the active months were
II TO IL points over yesterdays clos
ing. Futures closed steady at n net
advance of II TO Is points. Closing
bid. November, li.47c; December,
1850; January l4,5gc; March,
li.S0c; May, 1890, July. l0,10c;
spots firm; unchanged. sales on the
sept, 1925 bales; to arrive, 1850; mid
ding lilsc.
Liverpool. Nov ll,--spots In fair
demand; prices ~ points lower:
American mlddllng fair. S.3sd good
middling, s.O6d mlddlng. 7.92d; lowl
mddling. 7.72d; good ordinary. 7.46d: !
ordinary 7.l2d; the sales Of the day
were 5000 bales, Of which 500 were
for speculation an export and includ- !
ed $500 American; receipts, 81 900 /,
bales. including 30500 American; |
futures opened and closed steady
November, 7.75hd; November and
December, 1862 hcj December and
January, 7.69hd; January and Feb
ruaN 7.70kd; February and March.
IN isd March and April 7.73d; |
April and May 7,73d; May and June
773 I'D, June and July 7f2 hd; |
July and August, 770d.
Tho HbtruOn NInrLats