The Sentinel=record., 1911-07-15
COTTON VALUES
FLUCTUATING
DECLINE OF THIRD or A CENT Al
POUND NOTED DURING THE
SELLING OF THE WEEK.
Rains Have Afforded Relief In West
ern Belt--MiIls Continue 20 Cur
tail and Prices Weakened.

New York. July IA Cotton values
during the past week have fluctuated
on fairly narrow scale, the net
realizing being a net decline of about
one third OF a cent a Lonnd. Consid.
cradle liquidation was undergone and
new short lines We're reported Gre
ated. Sentiment appears to be decid-
edly bearish but traders are very eau
tious in selling.
The rains of the last few days have
apparently given general relief to the
western belt. eliminating the sus-
tanning feature of the new crop
months. At times bull operators and
spot interests rendered sufficient
support to check the decline. The
easlness in prices was by no means
of a runaway kind, good demand from
trade interests and spinner purchas-
ing for future delivery preventing u
sudden break.
On the other hand, the feeling pre-
walls that the rains have not been
sufficient in all sections and some
cotton was bought on prospects for
renewed dry weather in the South
west. Bull interests were again
lcredited with buying new crop OPP
tons and traders seem to be con-
WINGED that speculative long inter-
est is still outstanding in these
months.
Old crop deliveries showed more
activity during last week than for
some time past. 1t is believed that
Notwithstanding the recent break sen
sational features may develop in
these months. Last years bull lead
ers and spot interests have been
building up big line of July and
August as well as being. long of Oc-
tober and December. Spot cotton IN.
all the Southern markets, while not
in good demand, is very scarce. For
eign spinners are rapidly taking the
local stock of cotton and it is much
lower than at this time last year.
when it was increasing.
! Spinners have been taking advant-
age of the opportunities to buy cot
ton at prices lower than those pre-
vailing for the past few years and
have taken considerable October aud
December contracts ont of the mar
ket as hedge against future require
ments. Southern operators have
been steadily selling the new crop
months, showing their confidence in
an early and heavy movement. New
crop cotton is coming in at extreme
Southern points far more rapidly
than in other years, traders expect
fairly heavy movement by the mid
die of August.
Early in the week July notices cir
cuiated causing scattered liquidation;
this has been similar with every 9TH
er July notice day this year. Smaller
shorts covered on all soft spots in
expectation OF again selling on a raj
ly. Exports We're not as heavy as
for the past few weeks, owing maiu-
ly to the smallness of supply.
Fall River and Southern, mill cur
tailment continues to be the heaviest |
In years and the general disposition
is to increase curtaiiment rather than
to reduce it. The cotton goods mar
ket has shown no indication of gain.
ng strength and prices have weak
sned, while the goods buyers are
luite plentiful, they are showing no
Intention to place orders until the
outlook of the new crop is more us-
ided.
OF late the decline has been halted
y tradedemand around the IL SIC
evel for new crop months and buy
ng for speculative account on the
theory that the Texas rains have
cen discounted by the recent fall of
rices.