Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-02-02
NEW ORLEANS.

NEW ORLEANS, February 1.-The net
results of the weeks trading in the cotton
market were decline of to y points.
The high prices of the week were made
Wednesday and the low prices Saturday.
AT the highest the trading months were
to 10 points over last weeks close; at
the lowest they were q to Is points I'M
der. The range was rs to ~ points
Prices fell off toward the end of the
week on the unsatisfactory news con-
corning the Balkan situation or report
ed freer offerings of spots in the south
and on the falling off I'm mill takings.
ter at 3S3C00 bales, against 451 coo bales
TINS week last year. All along takings
have been running ahead of last
year, the total thus far this sea-
son being 7.I2.OcO bales, against
10000 year ago, and this sudden
drop of 5000 bales. following a drop of
1900 last week. discouraged the weaker
holders Of long contracts and encoura ged
the putting out of fresh short sales. The
weekly statistics did not entirely favor
the short side. for the visible supply
showed decrease of 1O9162 bales.
against an increase this week last year
of 56,476 bales. while the visible itself
was put at 4.641 $3.50 bales, against 4.965,-
Ala year ago. Bulls pointed out that,
not so long ago, the visible was running
we'll above last years total.
The trouble in the Balkans caused nerv-
Gus fluctuations al times, the failure to
agree among the peace ENJOYS causing
a small downward movement while the
more cheerful advlceS occasionally re-
ceived from London caused small upwar d
turns Probably the conclusion OF peace
would have been a strong builish infiu-
ence, as the bulls would have considered
that 1t would tend to cause spinners in
certain parts of Europe to buy more
heavily on raw material.
The weather over the belt was called
favora BILE. although some sections COM
planned that rains were interfering with
Pic wing. Reports of good season in the
ground came from all sections of the belt
put new crop preparations except in il
lew sections. were not as far forward as
bears could have wished In the spot
department prices advanced One-siXteenth,
middling closing at Il T-16. against Jpn
last week and 10 cents this week last
year. sales on the spot amounted to
1855 bales. against 1O,75O last week and
ll,SO this week last year: sales to arrive
1,ls3. against 4.47O and 5,245
lotion futures opened today steady. l
point or 10 points up, compared with
the last prices of yesterday. Cables
from Liverpool were better than due.
put the local market did not have Il
good undertone on the opening call
me weather map also was called
favorable. At no time did the market
SHOW any great strength. and the close
showed a net decline of / TO points
with the tone of the market steady
During the early part of the session
the market had a tendency to sag, and
fresh offerings from the bear side were
more than enough to supply the demand
coming from the shorts.
Later the buying orders increased but
offerings did not. and the market
steadied up. and finally made IL full re-
covery to the level of yesterdays close.
Bulls we're not aggressive at any time.
and allowed the market To take care of
itself. Spot cotton steady. unchanged
Middling. II 7-16. Sales on the spot,
81 bales; To arrive. Is bales. Closing
futures, February closed, 12.21; March,
12.26; May. 1929; July, 1927; August.
1875: September, 11.57! October. Hal;
December. 1l.4a.