Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-11

the market we're covering In advance Of
the local holiday, as New York viii. be
closed Monday. while both New Orleans
and Liverpool will remain open. Private
cables attributed the somewhat disap-
pointing English futures to realizing fer
over the week end, but the Liverpool
spot market showed continued stl ength
and overnight advices from the south m
dictated continued f1rmness among interior
holders, also reported an active demand
from New England spinners Reviews Of
the dry goods trade were considered en-
couraging from a bullish standpo nj, an /
such beartSh features as appeared N the
news seemed to attract little or no at
tention.
NEW ORLEANS.
NEW ORLEANS. February 1o-The
cotton market was again under bull con-
troll this week and closed at a net ad-
vance Of % to 81 points The high
prices were made on Saturday and the
low prices on Tuesday. At the highest
the trading months were . to IS points
were 18 to % points under.
Bullish manipulation Of the short in
terests IN the contract and spot markets
was chiefly responsible for the advance.
to cover by rising market. 1t "ss not
until the latter part of the week that
any fresh buying for long account of con-
sequence was in evidence in futures. At
the close Of the week many brokers
claimed that their books had been cleaned
Of short cotton.
The movement was large and caused
another increase in the visible supply, but
this did not affect prices adversely. The
advance continued right up to the end Of
the week.
Liverpool sent over bullish cables dur
ing the week to the effect that the de-
mand for both raw cotton and finish I'd
goods was keen. The rise in the Lrice
Of silver was an important feature Of the
week.
The weather Of the week was favo a. lie.
The into sight movement for the W elk
was 422,563 bales, against 227, AS this
week last year and 154. S35 this week two
years ago.
In the spot department the demand
was good and prices had stron, is
ing tendency. Middling closed at a Sc Of
" cent, being quoted at 101s. against 10
last week. and 14ss this week last yea.
bales, against 1880 last week and 1.798
this week last year. Sales to rive
amounted to 1925 bales, against 5.245 last
week and 1888 this week last year.
NEW ORLEANS. February 1O-Cot-
ton futures opened steady at an adj
vance Of 8 to II points on general buy
ing. The market closed steady at q
net advance Of 6 to points.
At the opening the fact that Liver
pool was lower than due on futures
was lSuOT0u, Ii10 ring TAKING nOtlC0 Oh
the sale Of 10000 bales of cotton on the
spot here.
when prices we're to ID points up
bulls were profit takers. From the
middle of the morning on the market
did not display much activity. Offer
ings slackened. and the demand in
creased as the result Of covering by
shorts. Later the leading bulls seemed
inclined to let the market take care Of
itself. At the highest trading months
were II to Is points up.
Spot cotton firm: lie up. Middling,
1Oh. Sales on the spot, 1925 bales; to
arrive. 200. February. 1884; March.
IO74: May. 1913: July, 1880: August
1910: September, 1O.4S: October. 1O.49:
December, 1851.
NEW YORK. February 1O.-Spot
closed steady: IS points higher, Mid
fling uplands. 1865; do. gulf. 1890