Pine Bluff daily graphic., 1912-08-22
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 + COTTON *
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MILLER AND GOPHER.

MILLER AND GOPHER.
 Memphis, Aug. 21--On opening break heavy buying appeared yari- ously attributed to Mel'adden and to Wall Street spectators, the buying attracted attention and made some shorts run. Weather remains good except in southern Texas cotton cater pillar reported. However, at Tunelo, Miss, there is cotton for sale on bulges and steady buying will be needed to bring on an advance
 New Orleans Cotton.
 New Orleans, Aug. 2f-Cotton- Futures opened steady, points off to 3 points up compared with yesterdays s closing level. Cables were not up to expectations and Immediately after the call prices were 2M4 points under about balanced, dry weather being ia vorahle in the eastern belt. while lack of moisture in the west was consider ed unfavorable. Mississippi's first bale of the new crop was received here, but did not cause much com ment Buying of a manipulative char acter set in and caused a quick spurt, prices at the end of the first half hour of business standing 60S points over yesterdays last quotations.
 Around the middle of the morning good crop reports had their effect and prices fell off under short selling un- til they were around the level of yes terday's close. Market gossip was much mixed; it was claimed that leading operators were bearish in character.
 New Orleans Spot Cotton.
 New Orleans, Aug. 21.-Spot cot ton closed easy, 1-16c off Sales on tb ] spot, II; arrives none. Low ordinary 3-16c nominal; ordinary, nominal good ordinary, 10 7-16c; strict good ordinary, 10 13-16c; low middlina Il 1-Sc; strict low middling, II 1-2c middling, Ii 3-4c; strict middling, f2c; good middling, 12 1-4c; strict good middling 12 7-16c; middling fair 12 34c nominal; fair to fair, 13 1-Sc; nominal; fair, 13 1-2c nominal.
 Receipts, IA; stocks, 23,223.
 In the afternoon the market was dull and featureless. At 3 o'clock prices were 6 to 8 points over yes terday's close.
 New York Cotton.
 New York, Aug. 21.-Cotton opened steady at a decline of points to an advance of 2 points, near months be- ing relatively easier on weak cables There was a big demand around the initial figures. Prices were about 1; @15 points net higher on this SUD- port and heavy covering by recent sellers. Private crop adviees contin- ued generally favorable.
 A storm was reported in Oklahoma but telegrams from that state noted rains only at few points. Late in the morning the market stiffened under renewed buying by large interests, and at noon prices were S@10 points over Tuesdays close.
 The market became very nervous and irregular as soon as the big ear ly buying movement subsided and prices broke to within 8 or points of last nights closing but firmed up again late in the morning on renewed covering and at midday was some 10 @12 points net higher. Spot, nom- inal.
 The market was less active during the afternoon, but ruled steady with prices about sell points net higher on continued covering, while there may have heen some fresh buying on reports of insect damage in the cen tral belt and exports.
 Futures closed steady.
 Liverpool Cotton.
 Liverpool, Aug. 1.-Cotton-Spot closed in limited demand, prices z points lower. American middling fair 7.Sod; good middling, 6.95d; middling, 6.o5d; low middling, 6.31d; good or dlnary, 5.S3d; ordinary, 5.35d. Sales Of the day, 5000 bales of which 800 bales were for speculation and export and included 4,400 bales American Receipts, 2,000 bales; no American.
 Memphis Spot Cotton.
 Memphis, Aug. 21.-Cotton-Spot quiet and unchanged; middlin 12c.