Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-16
COTTON MARKETS.
NEW YORK.

NEW YORK, March 10.-While part OF
an early advance was lost as a result
generally steady tone today and closed
steady at a net gain Of from l to
points.
The market opened steady at an ad-
vance Of to points in sympathy with
relatively firm Liverpool cables. Profit
taking caused some irregularity right aft
er the close Offerings were very well
taken, however. by active covering, for
eign buying and a scattering demand
southern sources, and the market grad
ually worked up to q net gain Of about
6 to 10 points. with old crop positions
relatively Arm. The prospects pointed to
generally clear and colder weather In
the south, but there were further rains
In eastern sections of the belt yesterday,
and numerous private reports were re-
ceived Of delayed farm work, while press
advices indicated that recent storms had
viously supposed.
Uneasiness over the weather situation,
combined with continued reports OF. an
improved export demand probably &C
the advance to II cents for May and 1893
for July there was more cotton for sale
and the market turned easier in the late
trading. New Orleans was seller here In
the last half hour. and the market closed
or points of from the best on the
active months. The feature OF the early
trading was the active buying by three or
four prominent brokers, who bid for
large blocks of May and July, and were
credited with taking q good deal Of cot
buying was attributed by local gossip to
covering Of Wall street or western shorts,
owing to the talk OF an improved trade
demand, more favorable view OF poll
tical conditions, both at home and abroad,
and q continued active trade in western
goods circles.
NEW ORLEANS.
NEW ORLEANS, March 1.-THE cot
ton market had q very steady tone on
the closing session of the week. The
opening was steady at g. rise OF A to 8
and the weather map showed too much
rain in the eastern belt again and cold
weather in the western. A decided drop
in temperatures, with freezing weather
over good part Of the western belt, was
q feature Of the forecast for Sunday.
The market gradually worked upward
until the trading months stood s to IL
points over the close Of yesterday. Com
mission houses did considerable buying
at times, which was taken to mean that
the outside public was becoming inter-
ested in the long side Of the market At
large traders on the bull side as being
heavy buyers. Late in the. morning the
demand slackened and. under scattered
selling prices fell of. The close was
Spot steady: Is up; middling. 125k: sales
on spot, SO bales; to arrive, 4OS bales.
Closing bid March, 1895; April, 1925;
May, 1921: July, 1918; August, 1889:
September, 11.57; October. 11.47; De-
cember. 11.47.
1t was another quiet week in the cot
ton market The range OF prices was
narrow. neither side displayed agrees
siveness. and many times the ring was
very dull To a great extent it was q
weather market, and favorable weather
early in the week caused the low levels.
while unfavorable weather toward the
end made the high levels.
The net results Of the weeks trading
were an advance Of 6 to Is points. The
high prices were made Saturday. and
was is to 20 points At the beginning
of the week the cotton belt commenced
to send in most optimistic reports con-
corning the progress OF crop prepare
tions, which caused considerable short
selling.
After the middle OF the week too much
rain was reported over q large section
of the belt, which. together with the cold
wave in Texas on the last day of the
week. caused rather heavy buying and
levels of the week on the closing session
Some Improvement In the spot demand
was noted toward the end OF the week
The long side, however, made no effort
to press its advantases. and all upward
movements of prices We're deliberate.
Locally spots were unchanged, middling
closing at 1211, against 1914 last week and
10 Ills this week last year. Sales on
the spot amounted TO 8, 1872 bales. against
1854 last week and $50 this week last
year. Sales to arrive amounted to 2,Os7
bales, against 2,069 last week and 3,4o0
this week last year.