Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-06-09
COTTON MARKETS.
NEW YORK.

NEW YORK, June s.-The cotton
market was very quiet today with prices
showing a tendency to ease off under
scattering liquidation by recent buyers o.
q little local pressure. The close Was
steady at a net decline OF TO points.
The market opened steady at an ad-
vance OF 3 TO Z points on the old crop
positions, which were influenced by COW
ering ana slightly better cables than OK
pected. but unchanged to points lower
on the new crop. Prospects for clearing
Of the earlier week inspired a good deal
of scattering liquidation or realizing for
over the week end, while there was also
some local selling on the expectation Of
and the market turned easier right after
the opening with prices selling of to IA
net loss of or points on the active
months. Moderate support from the old
bulls and covering checked the decline
around this level and caused slight raj
lies, but the market eased off again be
fore the close on favorable view OF crop
conditions. and last prices were at prac-
tically the lowest OF the day. Private
cables from Russia report that new crop
conditions there are more favorable than
last year over an area producing fuiy
one-half OF the entire crop or that coun-
try
NEW ORLEANS, La, June s-The cot
ton market closed for the week at a net
advance of - to - points. This rise
was caused chiefly by fresh buying for
the long account which the bears charged
was of a manipulative character, but
which the bulls claimed was based Oh
unsatisfactory weather and crop accounts
from different parts of the belt. The high
prices were made Oh Friday and the low
prices Tuesday. At the highest the
trading months were 36 to 80 points oyei
last weeks close: at the lowest they were
5 points under to !. points over over
the larger part of the belt crop accounts
We're almost uniformity favorable. Some
advices from the eastern belt. however.
stated that too much rain had fallen.
Some counties of Texas and a consdera
Bile portion of Oklahoma complained that
they were not getting rain enough.
The report on condition Tuesday did
not cause much stir i'm the market. II
was generally suggested that II was alto
gether too early I'm the season for any
condition figures of value to be compiled.
even by the government experts. In the
spot department prices rose VI. middlfng
closing at l. against liz last week and
10 Tic this week last year. Sales on
the spot amounted to 1879 bales. against
$50 last week and l.4S2 this week last
year; to arrive amounted TO SSi bales
against 600 last week and 13 this week
last year; spot men claimed a better in
quiry existed. but It did not lead to any
great increase in business because OF the
Smallness of offerings.
NEW ORLEANS, June S-The cotton
UldThtl ndu d HeSllatlilE appear
throughout the short Weekend session
and prices moved nervously within a
very narrow range, the closing being
points up to points down compared
with yesterdays final quotations Tho
opening was quiet, ] point up to down.
compared with yesterdays c.ose. Liver
pool was higher than due, but the
weather over the belt showed decided inn
proyement and Offset the effect OF bullisn
cables. At times longs We're heavy profit
takers, but at others there were signs
that they were buying again. The
weather forecast promised far weather
over the entire belt for Sunday and
brought out a moderate amount of short
selling. At the highest the most active
months were points up and at the low
est they were points down Spot cotton
steady NC up; middling. IL on
the spot, l9S bales: TO arrive none.
Futures closed steady. June, ll.S3 NOM
inal; July. 1885; August. 1l.6S; Septem-
ber l1.5O: October. lilo: December. 11.a3:
January. 11.5S: March. 11.67.
NEW YORK, June 6-Spot cotton
closed quiet: midd.ing uplands. l1.65: do.
gu.f. 11.9O; no sales. Futures closed
.Ixy