Pine Bluff daily graphic., 1911-02-18
COTTON MARKET HEARS
 SCOTT BILL DOOMED
Cotton Market fin New York Reacts When Encouraging News Comes
 From Washington.

New York, Feb. 17.-The cotton mar ket opened steady at an advance of 4@9 points and sold S@3 points net higher during the first few minutes on renewed covering and further buy ing for a reaction. Better cables than due, bullish Southern spot ad- vices and rumors that the Senate com- mittee had decided to put over the Scott anti-option bill so that it would be unlikely to pass during the pres- ent session of Congress seemed to account for the early advance, but there was enough realizing by recent buyers for a turn to check the up- ward movement around 13.97c for May Subsequent fluctuations were nervous and irregular and the trade was very uncertain with reference to the situation in Washington.
 Futures opened strady, March, l3.74@13.75c; April, 13.S1@13.S2c; !; May. 13.91@13.92c; July, 13.960 13.97c; August, 13.67@1S,6Sc; octo Der, 12.71@1272c;. December, 12.62@ 1264c.
 Around the middle of the morning telegrams from Washington stating that the Senate committee was less favorably disposed towards the Scott bill than had been thought caused a sharp rise of S@14 points, which put the list 6@12 points over yesterdays close. When the committee went into session the market became dull and prices sagged somewhat. At noon the report was received that the bill had been reported without recom- mendation and prices had an, easy tone on the prospect of a continual tion of the fight over the measure. At noon the trading months were 20 9 points over yesterdays close The Scott bill was the pnly feature con sidered in the trading of the mern- ing.
 New Orleans Cotton.
 New Orleans. Feb 17-Cotton- Opened steady A fair demand from shorts was in evidence on the call and immediately after the prices were put 2@5 points up. The Scott bill still hanging over the market was a very depressing influence, however, and the advance soon wore off NeitL- CT side wns aggressive or showed much desire to enter into new opera tions. At the end of the first halt hour of trading the list was 1@a points under yesterdays close,
 Futures opened steady, February 1s.97c; March. 14.02@14OSc; May, 14.10@14.11e; July. 14.2O@1421c; August, 13.53c; October, 12.70c; De- cember. 126O@1a62c.
 Officials cables reporting deduc- tion from 4,66SOOO bales to 4,SS5, ,OOO bales of 400 pounds each in the gov ernment estimate of the Indian crop in connection with numerous private advicss claiming that there was little chance that the Scott bill would be passed during the present session C Congress at any rate, helped tn market during the late forenoon and prices held about 7@12 points above the closing prices of last night.
 Spot quiet Middling uplands, 14c.
 Liverpool Cotton.
 Liverpool. Feb. 17.-Cotton-Spc closed in fair demand, 9 points high. CT. American middling' fair, S.00d; good middling. 7,S6d; middling, 756d i: low middling. 736d; good ordinary, S.s5d. Sales, 10000 bales of which 2.500 bales were for speculation and export and included $500 bales Am erican. Receipts. 21,000 bales, in- cluding 15.40O bales American.
 Futures opened steady and closed quiet. Febrliary. February-March 7.33d: March-April. 7.33 1-2d; April May, 7.34 1-2d; May-June, June-July, T35 l2d; July-August. 7.a4d: Au-