Pine Bluff daily graphic., 1912-08-16
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COTTON
New Orleans Cotton.
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 New Orleans, Aug. 15.-Cotton--Fu lures opened steady and unchanged to ? points off, compared with the close of yesterday. Cables were about as expected, the weather map was faE- orable and stimulated selling to some extent. Immediately after the call prices were 1@3 points down. Fresh buying set in, apparently being based on the belief that the market was oversold. Private messages from Liv- erpool called the market there short. Buying orders steadily increased and at the end of the first half hour of business prices were II points over yesterday close.
 Futures opened steady. January, March, lS5m11S6c; May, 11.94c bid; August, 1t.S6c, nom- inal; September, 1l.74d l1.7Gc; Octo- Der, 116S@11.69c;; December, 11.70W lille.
 Selling increased on the advance and finally became general. Under the heavy offerings prices crumbled away quickly. All support was with drawn and there was no profit-taking by shorts for considerable period around the middle of the morning. Later scalping shorts bought covers to realize and the decline was check ed although the market maintained it's easy undertone Up to the noon hour. Selling was based to some eX- tent, on the weather forecast of un- settled weather for the western and fair weather for the eastern belt. At noon prices were II points under yes- terday's close.
 New York Cotton.
 New York, Aug. 15,--Cotton opened steady at decline of 1 point to an advance of 2 points. There seemed to be considerable selling by local traders, but there vas active buying by some of the leading wire and commission houses and prices sold up to a net advance of 130l4 points be- fore the end of the first hour. Of ferings increased on this bulge and trade interests appeared to be selling with the result that prices eased off 6 or < points from the best, with the market rather nervous during the middle of the morning.
 ous and irregular later in the forenoon and prices at midday were several points off from the best, although they still showed a net gain of from 7M! points. It was rumored that import. ant WalT street. and Southern interests were taking the bull side of the mar ket, but some of Tuesdays big buyers seemed to be selling on the advance of this morning and it was rumored that big trade interests were still talking lower prices. The National Ginners' Association reported that the condition of the crop was 77.6, com pared with the official condition ol 465 as of July 15.-Spot> quiet; mid; ding uplands, 12c.
 Offerings became little more az sressiye after the receipt of the Ma tional :Ginners' Report and active months sold S@9 points net lower Later business was less active and prices steadied up few points from the lowest, although rallies were bear ly maintained.
 Futures closed steady.
 Liverpool Cotton.
 Liverpool, Aug. 15.-Cotton- lot closed quiet, prices points higher American middling, 6.S0d; good mid good middling, 7.2od; middling, 6.S0d low middling, 6.56d; good ordinary, 6.O8d; ordinary, 5.6Od. Sales of the day, 5000 bales, of which 800 were for speculation and export and includ- ed 4,500 bales American. Receipts 1000 bales, including 900 bales Ameri
 
 can.
 New York Spot Cotton.
 New York, Aug. -Cotton-Spot closed quiet; middling uplands, 12c mlddling gulf, 12.25c. Sales, 100 bales
 Galveston Spot Cotton.
 Galveston, Aug. 5.-Cotton-Spot closed steady and unchanged. Mid. ding 12 3-8c..
 Memphis Spot Cotton.
 Memphis, Aug 15.- Cotton-Spot quiet and unchanged. Middling 12 1-4C.
 Memphis C0ttOnsced Products.
 Memphis, Auf. 15.-Cottonseed prod ucts: Prime basis oil, 5.34M5.47c;