Pine Bluff daily graphic., 1911-03-25
COTTON
New Orleans Cotton,
4 < 4 + f + t # <

with yesterdays close. The old crops exhibited more strength than the new which was due to continued good re- ports coming in from the cotton belt. Cables were better than expected and put the old crops to level 4@5 points up soon after the first call. Disappointment was manifested, how ever, over the smallness of consump- tion in the census report On supply and distribution of cotton for the first time six months of the year, and this led to rather general selling. At the end of the first half hour the old crops were 3@4 up under yesterdays close, while the new were 1 under.
 Futures opened steady March 1442c asked; April, 14.40@14i42c; May, 14.46c asked; July, 14.53@ 14.54c; August, 13S7c bid; October, 12.61@12.62c; December 12.52c bid,
 Cables messages from England stating that the master spinners of that country had refused to vote the proposition to curtai1 their output that has been before them for some time, caused wave of buying around the middle Of the morning and the market again took on an upward ten dency. Bulls pointed out that the smaller consumption in this country as indicated in the census report of this morning was more than offset by increased exports and small stocks held in points in the United States. and this argument caused covering by ring scalpers.
 At noon the market was quiet and steady at an advance of 1@5 points over yesterdays close.
 Lower prices were general during the morning and the slight declines were attributed to bear selling. The amounts sold, however, were not suf- ficient to give very pronounced tone to the market and covering of shorts resulted in partial recoveries. The one interesting feature of the market was it's extreme dullness. Chesapeake and Ohio ran off point.
 New York Cotton.
 New York, March 24.-The cotton market opened steady at an advance of 4@6 points in response to steady sales and renewal of yesterdays late buying movement. Active posi- tions sold about GOT poins net high CT right after the call, but trading was quiet and prices later eased off to about the closing figures of last night under realizing.
 The trade seemed uncertain as to the proper construction to place on the census figures indicating the con- sumption by domestic mills so far for the season of about 193,0O0 bales less than last year, and total stocks re- maining in the country of 4,O24,972 bales comparing with 4,414,249 bales last year. Fluctuations were nervous and irregular during the middle of the morning.
 Private cables reporting that Man. chester had voted against short time, rather bullish view of the census figures after consideration and ex- pectations of bullish weekend fig ures imparted rather firmer tone to the market during the late fore noon, and prices at noon were about 3@6 points net higher. Business was quiet Spot middling uplands, 14.5Oc.
 March, 14.40c; May. 1452c; July, 14.S6c; August, 1S.S6c offered; Octo- Der. 1265c; December. 12.5c: Jan uary. 1253@12.54c.
 No fresh features developed during the early afternoon and trading con- tinued quiet with prices holding about 2@4 points net higher.
 Liverpool Cotton.
 Liverpool, March 2A-Cotton-Spot closed with good business done 8 points higher. American middling fair, S.12d: good middling, 7S9d; middling, 7.73d; low middling, 7.53d; good ordinary, 727d: ordinary, 7.O2d. Sales, 12,o0o bales. of which 1000 were for speculation and export and included 11.50O bales American Re- ceipts, 5000 bales. including 700 bales American
 Futures opened and closed steady, March, March-April. 7.52d: April May. May. June. 7.51 1-2d; June-July TAT 1-2d: July, August, TAP 1-2d: August, September, 719 1-2d: Sep tember, October. Ss6d: October, Mo- vember, 6.72 1-2d: November December. 6.sed: December-January. e67 1-2d. Januarv-Eehruarv e e7d