Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-04
COTTON MARKETS.
NEW YORK.

NEW YORK, February 3.-The cotton
market was nervous and irregular today
with realizing heavy for over the week
end, but the closing tone was firm and
last prices showed net gain of from two
to five points.
The opening was steady at an advance
of 4a9 points in response to higher Iiv-
erpool cables than expected and a con-
tinued good spot business in the English
market. There were heavy overnight buy
ing orders around the ring, attracted.
doubtless, by the strength of yesterday 8
market, but these were readily executed
at the opening advance, as result of
active realizing, while during the middle
of the morning prices sold off to a net de-
cline of 3a4 points on the active months
under continued profit taking and local
selling for a turn. Private cables from
Liverpool claiming that the advance In
prices was checking the demand for cot
ton yarns and few advices from the
south indicating that interior spot offer
ings were becoming heavier as q result of
the higher values, probably encouraged
local selling. but in the late trading there
was aggressive support as we'll as more
urgent demand from old shorts and last
prices were some five to seven points up
from the lowest.
Advices indicated the possibility of re-
newed labor troubles in Lancashire ow-
ing to a demand from operatives for in
creased wages, and the labor disputes at
Lawrence appear to be dragging out
rather beyond expectations. but con-
tinued improvement was reported In the
demand for cotton goods in the domestic
market and sales of print cloths at Fall
River for the week We're estimated at
100000 pieces comparing with only 7o.OOV
pieces for the same week last year. The
week end figures were considered about
standoff, for while spinners' takings were
heavy there was a slight increase in the
worlds visible Of American for the week
comparing with a decrease last year. In
creasing receipts Of Indian cotton are
reported at Bombay, and total receipts
for the season there are only 15J,OOO bales
behind last year, notwithstanding the
estimated shortage of the crop.
NEW ORLEANS.
Weekly Cotton Review-This was an
other bull week in the cotton market.
Prices closed at net advance of 80 to
Al points. The high prices were made
on Friday and the low prices on Tues
day. AT the highest the trading months
were A. to 81 points over last week S
close; at the lowest they were to .
points under.
The bulls succeeded TINS week IN orlv-
ing to cover an extensive short interest.
In the local market two failures and
one suicide were directly attributed to
the rise.
The success Of the manipulations Of
the bulls was partly based on the ner-
widespread and large spot demand.
Foreign and domestic spinners were alike
heavy buyers of the actual staple and
spot shorts covered in fear that prices
would be driven up still further on them.
At the end Of the week the bears claimed
that the market was weak, both techni-
cally and statistically.
The weather was favorable the week
through. The into sight was 426, 80 bales.
against 253. 125 bales this week last year,
and Only 1D49Z7 this week two years ago.
This large into sight caused another in
crease in the visible supply. which
amounted to 4,965.4l4 bales. against
4.OS3, 524 a year ago, and 1924 31 two
years ago.
In the spot department prices rose a
quarter of a cent pound. middling clos
ing at 1Oc, against 9Nc last week, and
147sc this week last year Sales on the
spot amounted to 11.S3O bales, against
0,4JO last week and 1888 this week last
wear Sales to arrive amounted to ), 24J
bales. against 1876 last week and APO
this week last year.