The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1913-03-22
COTTON MARKET CONDITION,
BUSINESS WILL BE DULL ;TNTJU
EASTER.
census Bureau Thursday VIII Issue
inc Final Report of the season on
Ginning VII

New orleans, March 16.-This will
pe a snort week i'm the cotton mar
het because of the Easter HOLIDAYS.
Aii ol the large markets of the world
VIII close Thursday night. ON this
Slde OF the water they will reopen
monday, but Liverpool will not re-
open until Tuesday. These triple and
puauruple holidays will undoubtedly
nave the effect of curtailing business
as Few traders will care to carry
heavy commitments over such q long
period OF inactivity with the political
ana financial situation i'm Europe as
unsettled as IL is understood. Again
weather developments i'm the cotton
DeIt OF the South may be important
The desire to even up will be in
tensifled by the fact that the final re-
port OF the season on cotton ginning
by the census bureau will be issued
Thursday morning, the last day of
the week, leaving only one session
on trading in which To discount any
features of Importance which ii may
contain. The trade Is still very much
undecided over what to expect in this
report, some estimates being as low
as ~. 10000 bales, while others are
as high as 14,500,000. Probably a.
large element of the trade looks for
between 100000 and 1880, 600
bales
Weather conditions will be import
ant. Too much rain has fallen over
large part of the cotton region of
late, and If these rains continue this
week, the short interest In the future
market will feel alarmed as this in
terest has been built up on belief in
large acreage and an early start
Tor the new crop. More rain. will
cause delay to plowing and also to
planting in the earlier sections. On
the other hand, fair weather will al
low crop work to go ahead.
The cotton market is beginning to
watch European events more closely
because IL is becoming convinced that
war Scares and tight money have
more to do with the greatly lessened
imports of American cotton and the
conservative attitude of buyers of
spot cotton than any other factor.
Unfavorable developments in Europe
Will have a tendency to depress the
old crop months while favorable de-
velopments would arouse hope that
the demand for actual cotton was
about to improve.
Last week saw a generally quiet
market. The range of prices was
narrow. To a great extent 1t was a
weather market and favorable
weather early i'm the week caused the
low levels while unfavorable wealth
er toward the end made the high
levels.
The' net result of the weeks trad
ing was an advance of 6 to 10 points.
The high prices were made on Sat
urday and the low prices on Mon
day. At the highest the trading
months were IL to "a points over
last weeks close; at the lowest they
were 3 to Z points under. The range
was Is to 80 points.
Some improvements in the spot de-
mand was noted toward the end of
the week, which intensified the effect
on unfavorable weather conditions
Longs, however, made no efforts to
their advantage and the upward
movement Of prices was deliberate.
Locally spots were unchanged; mid
ding closing at IL 1-2 against IL 1-2
last week and 10 11-16 this week last
year. Sales on the spot amounted
TO g., 732 bales against 1854 last week
and $50 this week last year. Sales
To arrive amounted to 2.07S bales
against 2,O59 last week and 1920 this
week last year.