Pine Bluff daily graphic., 1912-08-07
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New Orleans { ott0n.

New Orleans, Aus. Cotton t'j- lures opened steady at decline of Gt5 points. Cables were not as good as due and the weather map indicat- cd that fairly good rains fell in parts Of Texas and Oklahoma. The market had not decided tendency either way in the early trading. Shorts were not willing to increase their commitments in view Of the forecast of fair weather for Texas and longs traded cautious ly. Soon af5er the call the active months were , points down. From this there was a recovery until Eeccm- Der was at q net advance of point At the end of the first half hour prices were loo joints under yester- days close.
 Futures opened steady. January, 12.6lc bid; March, 12.11011273c; May, 12S36A12. SOC; August, 12.71c bid; September, 12.67M12.69c; October, 12.37@12.58e; December, 12.5SM1259c.
 Toward the middle of the morning the market weakened under telegrams rom Texas telling of morc rains, which were well dis ributed over districts which have been complaining of drouth Oklahoma also reported rain. The supplementary bulletins from the weather bureau partially confirmed private accounts of ram ill the west. All of this en- outraged selling and finally offerings from the short side became very heavy. Bulls offered no support. At noon the market stood 26M 2S poin.s under yesterdays last prices
 New tork Cotton.
 New York, Aug. G.-Cotton onened steady at an advance of l point to a decline of 6 points, and during the early trading fluctua ed within a point or two of last nights close on the ac- tive months. Private advices indieat- ed more rain ill the Southwest than suggested by the official map and the ] selling became more general and az gressive with. ne general list showing a net loss of about l2@16 points. Futures opened steady. January, 1291eb12.52e; February. 12.5SM12. COG :; March, l2a9@l2.6oc; May. 12.GSu l l2.o9c; August 12.4oc offered; Sep- tem5er, 12ss33Ga12. 2.35c; October, 12.45c bid; November, 12.51m12.52c; Dccem- her, 12.56@12.57c.
 Stop loss orders were, encountered on the break during the morning, w diles sohtiiel'h selling ~betalhe much hore active and when it was seen that some of yes erday's prominent buyers were liquidating local offerings, be- came aggressive. Local prices broke very sharply in consequence with the market, selling 24@25 points net low CT and about 1c pound under the nigh records of last week. Covering checked the decline toward midday but prices showed little rallying DOW CT and the market continued very ner- Vous and unsettled. Spot, quiet; mid ding uplans, nominal.
 During the afternoon the market ruled about 21@23 points lower under continued Southern selling.
 Liverpool Cotton.
 Liverpool, Aug. 6.-Cotton-Spot closed quiet, with prices 8 points low CT. American middling fair, s.1od; good middling, 7.7od; middling, 7,34d; low middling, 710d good ordinary, 6.62d; ordinary, 6.14d. Sales of the 1 day, 5000 bales, of which 800 bales were for speculation and export and included $500 bales American. Re. aelpts, 6,0o0 bales, including $500 bales American.
 Memphis Spot Cotton.
 Memphis, Aug. 6.-Cotton-Spot steady and unchanged. Middling 13 5-Sc
 Memphis COttonseed Products,