Evening star., 1912-01-14
NEW ORLEANS.

NEW ORLEANS. January 13. = Cotton
futures opened quiet and steady. un-
with yesterdays close. The market
closed very steady. at net advance Of
las points.
Buying was heavy just after the call
and prices responded quickly. Shorts,
who wanted to cover up over the week,
were not up to expectat ons, but the
weather map was very unfavorable.
Around the middle of the morning longs
Were heavy sellers; .,. Bears to-, took .os,,. ad
that the market slumped several points.
On the decline fresh buying started,
and in the last hour OF trading bulls
succeeded in putting the most active
months above yesterdays close.
Spot cotton steady. unchanged. Mid
ding. 9ss. Sales on the spot. $50 bales;
to arrive. 100 bales.
Closing: January. e.6e: February. 9.66;
March. 9.7o; May. 9.s4: July 9.vs; August.
9.90: October. $50.
NEW ORLEANS. January 13.-The
bulls in the cotton market scored a gain
this week, causing a net advance of Il
to 26 points on the trading months The
high prices Of the week were made Fri
day, and the low prices on Tuesday and
Wednesday: at the highest the trading
months were 81 to 80 points over last
weeks close; at the lowest they were 3
to 10 points under The range Of prices
was 81 to 48 points.
Continued covering Of the short inter-
est, bad weather in the cotton region and
a great Improvement in the inquiry FOR
spot cotton were the main influences OF
the week on the bull side. The labor dis
pute among the Lancashire mills, the
Continued large movement and bearish
statistics were with the bears. Bears also
contended that the covering OF the shorts
was leaving the market in a weak techni-
cal position. which weakness was being
~ h,,fl of lnvcr
interest at comparatively high prices.
ine spot inquiry apparently came
principally from spot shorts. who saw a
good chance TO sell out their hedges in
the future market, and cover their wants
in actual cotton at . profit.
The local spot market rose y OF cent
a pound, middling closing at 9ss against
9A last week and 10 this week last year.
Sales on the spot amounted to $40 bales,
against 1886 last week and $3.50 this
week last year; sales to arrive amounted
to 5.1s5 bales. against 415O last week
and 3. $50 this week last year
Secretary Hester's ANALYSIS of the cot
ton movement for the four months OF
the season. from September to close Of
December. shows that, compared with the
crop movement last year. the state of
Texas has brought into sight this season
in round figures 4S5.OOO bales more;
other gulf states, which include Arkan-
sas. Louisiana. Mississippi Tennessee,
3AlS0O0Iis 0nIAuOAAioSs S~-'s
marketed $1,000 less. and the group OF
Atlantic states, which includes North
and South Carolina, Georgia. Florida,
Alabama and Virginia. have marketed
T2S,OOO more. making the increase In the
amount marketed 1,131,O0 bales.
Mr.. Hester shows the amount brought
into sight by groups of states Tor the
four months of this season as follows:
Texas, 267s.60S bales, an increase over
last year of 4S0 341, an increase over
year before last Of SS1, ,7S9 and an increase
over the same time in 1908 Of 161, Az
Other gulf states. 2.3S6.421 bales, de-
crease under last year Of S2.lT. an IN
crease over year before last OF 4S0,2i9
and q decrease under the same time IN
1905 of 1886
Atlantic states. 4.429.1 bales. an in
crease over last year of 72S.196. an IN
crease over year before last Of l 1.o52.Nb
and an increase over same time IN l9Oe
of 500 SOL.
Total crop in sight close December D.
494, ,172 bales, an increase over last year
Of 1,131 800, an increase over the year
before last Of 2373.2a4, and an increase
over the same time In 1908 Of 7S3,333.
The state of Texas last year furnished
3, ,259, coo bales and year before last 2,676
600; other gulf states, 100000 last year
and 3,OOS, 600 year before last; Atlantic
states, 5155.O last year and 4,93l,VOO
year before last.