New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-16
Cotton's Recovery.

WEIGH IL tbnSlurICu ihA
Cottons Recovery.
The break in cotton prices on Monday
10 the lowest level OF the season for all
months except March was followed by
tendency upward In prices although pear
ish sentiment was at times strong fac-
tor The rally of Tuesday was followed
bv setbacks on Wednesday which brought
out good buying by trade interests and
commission houses. The sharp advance
in Liverpool on Thursday, when our mar
ket was closed, was responded TO here
Oh Friday, with the help OF census fig
ures on production and distribution which
were generally regarded as bullish.
Il is noted that spinners and spot deal
crs have shown a disposition 10 get back
into the market and accumulate contracts
for future delivery where favorable fig
ures are quoted 4 bearish argument has
been the continued large crop movement,
which has forced the belief that the gov
ernment's crop estimate of December
was entirely too low, and there have been
other depressing features, but with the
local prices OF midding from i2c to s4c
below parity with most Of the Southern
markets It is evident that It will take
something far out of the ordinary TO
drive local prices much lower than they
are.
The census report placed domestic mill
consumption for January at 54o,SH bales,
compared with 5357i3 for the same month
last year. This was the biggest January
4, h. -,
the history of the reports, with the single
exception Of so bales I'm October OF
the present season. For the first Ave
months OF the season consumption by do
nestle mills has been 2Jl5cO bales,
against 10000 last year. Judging from
local talk few traders had anticipated
that the January consumption this year
would exceed that of last season. end the
comparatively smaller mill stocks-l, SOL
1876 bales, against 1929 at the end of
January last year-also encouraged
culated that at the average rate OF con-
sumption mill stocks were sufficient for
barely four months requirements
Coffee Quiet but Steady.
Against r continued dulness in the spot
coffee trade, with buyers still nursing a
hand-to-mouth policy. which has tended
TO weaken the futures market there was
a gradual hrming Tip of the situation in
Brazil and dlminution OF the receipts
at primary points. with cost and freight
offers tending upward Tho firmness in
Brazil gave strength 10 the idea that the
falling off in receipts was due TO eXhaus-
ton OF supplies and not to weather con-
ditions, but In spite OF this buyers have
been cautious about commitments, and
the market strength has been largely due
20 buying by leading roasters. The Nord-
lnger circular for February 10 says Of
the market: when We consider that
Brazilian coffecs are now about TO
cents a pound lower than last year,
while washed milds are fully as high as
they were then. We arrive at the con-
clusion that the former are the safer pur-
chase, especially so as the largest part OF
the Brazilian crops has already been mar
keted. while the bulk OF the mild coffee
crops has still TO be distributed
The country produce markets have
shown few marked variations during the
week. AS has been the case for some
week., importations Of butter and eggs
have affected prices for domestic produce.
and while apples have been about steady
in prices for table grades. there has been
a marked falling off in exports compared
with last years figures. The small fruits
and vegetables have suffered through lack
Of the high quality essential 10 obtain
ing best prices in this market. but be-
yond that there has been little TO call for
comment.
For some weeks there has been steady,
though small. advance in the prices OF live
cattle and dressed meats, veals and lambs
being especially prominent in the upward
movement The gains have in all cases
been only fractional. but they have been
steady and are reaching higher marks
each week
In the spot wholesale markets the ten
dency OF price changes has been upward.
The Tribune's tsbulation OF twenty five
articles showing that eleven increased In
cost. while only four declined, with ten
remaining at the figures OF the previous
week