Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-29
COTTON MARKETS.
NEW YORK.

NEW YORK, January 2S.-The cotton
market continued very quiet today, with
fluctuations narrow and the close quiet
net / point lower to points higher.
The opening was steady, at an advance
of 3aJ points, and during the early
trading there seemed to be little demand
from trade interests around the inltia!
figures, with very little onerlng LOT
sales. The buying orders We're gradually.
supplied, however. and later the market
eased off from the best under scattering
liquidation or local bear pressure. CLOS
ing prices were at practically the lowest
point of the day. Gables were Ju.s
about as due, shade Disappointing.
anything and private advices from LiN-
erpool continued to indicate subsidng
trade at Manchester with active demand
from spinners, who are said TO nave De-
come pretty well covered so FAR as raw
material requirements are concerned, up
to next May. at any rate.
Adyices from the continent. on the otl-
err hand. were little more encourag irg'
an Improvement being reported IN the
margins of manufacturers IN germany,
Russia and Belgium although privata ca
bles from Russia claimed that ttade IN re
was Door Reviews of the domestic cry
goods situation read considerably better,
Increased activity and advances In the
price Of goods being reported out the
sales of print cloths at Fall River Tor the
week were estimated at very smaii ne
both there and i'm the New Bedford mils
is on the increase. Comparatively little
news reached the market from the Sou'l,;
the weekend figures had been pretty wei,
digested before the close or Frluay, anu
with trade advices conf citing. the ina ctiv'
ity of the market probably rehectsa
generally unchanged sentiment Many
local operators contend that the future
course of prices will be largely deterinin-
ed by the character of the weather our
~, oaylxy y,1a
NEW ORLEANS.
NEW ORLEANS. January 2s.Spot
cotton firm unchanged; mldcllnS.
IA 1915. Sales on the spot, LOU haies; 10
arrive, 1855. The session was eXtremeiy
dull. and the range of prices was over
only . to Z points. There was an entlre
absence of fresh operations on either
side. Reports from the interior told Oh
good spot demand, with mills ana mer-
chants taking hold on the basis OF ID
cents for middlng, but this failed to
arouse any trading spirit in the market
for contracts. Prices were remarkably
steady under the dizziness, and were well
maintained. a point or two over Eester-
DAVIS close The market closed STEADY,
3 points off to points up, coHhpdieu Win
Yesterdays close.
Closing bid: January. 14S0; Marcn anu
February. 1889; March. 149s; May, Ids
July, 1928; August, 14.66; October, l5-3i.
Net results OF tne Weeh > ~ sicihso - -.
cotton market this week were small, active
months showing a loss of las points.
The low prices were made Monday, Wnen
the market was 10a13 points uhder ias.
weeks close. The high prices were reacn
ed Wednesday. when the market was .'ao
points over last weeks close FROM 1he
lowest to the highest there was range
of 13al9 points. ::
Sentiment appeared to be very evenly ~
yided with the bears showing somewhat
more aeeressiyeness than the bulls. rms
was narticularly true Immediately after
the census bureau report on ginning Nion-
day. u. -
The weekly figures were support 10
the market on the week emo WREN Hioi
mr. less liouidation was coming from the
long side. Mill takings OF 'h'',oo, ph.es
surprised even the bulls, they comparing
witt, 243 600 bales this week last year ana
100 600 this week two years ago.
The visible supply decreased during the
week 81 10 bales, against an increase OF
"a O17 bales this week last year, and an
increase this week two years ago or
"a IA The large decrease this week re-
suited in nutting the visible supply 800
600 hales 1nder the visible of two years
ago the figures being 4,0so,lJt. against
4,5SS,SOS.
based on this showing.
In the SPOT market prices were UNI
changed the week through. middling be-
ing quoted at IA 11-16. against IA 15-l6
last week and 1+7s this week last year.
sales on the spot amounted to 1,54S bales.
AGAINST $3.50 last week and 200 this
week st wear. Sales to arrive amounted
to 6.5oJ bales. against 1850 last week
and 1O7 this week last year.