Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-15
The World of Finance and Trade.
Washington; New York; London
COTTON MARKET.
NEW YORK.

NEW YORK, January 1.-THE cotton
market was quiet today and fluctuations
ruled irregular within q comparatively
narrow range: the close being steady net
Z points higher to points lower. The
opening was steady at an advance of 4
points to a decline of points, near
months being higher on a renewal of yes
terdays buying movement, while later
shortly after the call the whole list turn
ed easier under liquidation by scalping
longs and renewal of bear pressure.
Trade advices from Liverpool continued
ported very firm interior spot situation,
and the decline here was checked around
149S for May by covering of shorts,
trade buying and little scattering sup
port from bullish sources. Prices rallied
to about the closing figures of last night
on the active months in consequence,
and after the early decline trading was
very quiet The general news seemed
connecting enough to cause no change in
speculative sentiment. Trade reports
from the west and south indicated a fair
retail trade with favorable prospects
for spring business. but the weeks bust
ness In print cloths at Fall River was
light. and 1t was claimed that the number
or idle looms was increasing. Fall River
manufacturers at their meeting yesterday
did not decide to inaugurate organized
curtailment. but signified their willingness
to join In such a movement should it be
try's mill interests. The weekend figures
had been pretty well discussed yesterday,
and while local bulls pointed to the large
spinners' taking the large total visible
supply attracted the attention Of the
attribute many Of the bullish spot
market reports to interests long of spot
cotton in the south or abroad. Exports
continued liberal for the day, being
slightly in excess Of port receipts and
early reports indicated a further falling
off in the interior movement.
NEW ORLEANS.
NEW ORLEANS, January 14.-The net
week was insignificant The trading
months in the future department showed
loss OF ) to points. The high prices
were made Tuesday. when the trading
months were to points over last weeks
close: the low prices were reached We'd
nesday, when the market was II to 10
points under last weeks final quotations.
From the highest to the lowest there was
range of u to 26 points.
Bears were aggressive throughout the
week. but the strength of spots and the
extremely bullsh accounts from the Eng
fish mills effectually prevented them from
making permanent Roadway. Early in
the week attention was called to the fact
that spots were quoted at the highest of
the season, Is cents for middling, while
futures were about 50 bale down from
their highest.
The bears made much of the heavy
movement In sight and especially the. re-
ceipts at ports, which caused a heavy
piling up OF stocks on the seaboard, while
the bulls pointed to the shrinkage taking
place in stocks in the interior At the
thirty principal towns in the interior
stocks lost 151S bales during the week.
and bullish circular writers featured the
fact that although over a million bales
more cotton was raised this season than
last, the thirty principal points in the
belt held stocks only $4,000 bales in excess
Of the stocks of a year ago, the figures
being ISL bales against 742, OBS The
visible supply decreased during the
week 81. 465 bales, against decrease of
49, I13 bales this week last year, which
There was much conflict in the trade
accounts from England. Throughout
the week they furnished nearly all the
excitement there was.
The last Of the dispatches from Man
chester quoted the cloth market strong
and stated that more business was doing
in the yarn market This dispatch
caused considerable weekend short COW
ering.
In the spot market prices closed at an
advance Of 1-16, middling being quoted at
10 cents. against IA 16-16 last week and
10 cents this week last year. Sales on
the spot amounted to 6420 bales, against
5.73S bales last week and 1855 bales this
week last year: sales to arrive totaled
B.. % bales. against 6.13O bales last week
and 2, 100 this week last year.
Spot cotton steady, unchanged; mid
ding, 15c. Sales, spot. LOO bales; to
arrive. $50 bales. Futures opened steady
at a decline of / to points.
Extremely bullish cable messages from
English traders. stating that business
was so brisk in Manchester that mill
owners were securing the country for
operatives and that orders were pouring
in so fast that many of them would
have to be turned over to continental
mills. checked the decline caused by the
into-sight movement and stimulated buy
ing among both bulls and bears. Little
cotton was offered around the ring and
nervous shorts alarmed at the prospect
Of not being covered over Sunday, bid
prices up on themselves. At the highest
Of the morning the trading months were
to 3 points over yesterdays last prices.
The market closed steady at a net de-
cline OF to points.
Closing bid: January, 1885: February.
1870; March, 1900; May. 1920; July,
1880; August, 1913.