New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-19
SPOT COTTON
FIRM AND HIGHER
Committee Goes to Washington
on Lever LaW-StatiSticS
for the Week.

That it is the intention in cotton
exchange circles to begin trading in
the new contract under the provisions
of the Lever law when it is possible
to reopen the futures market was lur-
Their indicated by yesterdays announce
ment that special committee mad
gone to Washington to consult with
the Secretary of Agriculture and II
possible to secure rulings on some OF
the provisions of the law. This N
formation, it was said. was necessary
in order to complete the work OF draw
ing up new rules and bylaws, but no
statement could be secured as to what
sections of the law were beng as
cussed. The law, however, gives great
powers to the Secretary of Agriculture
in the matter of grading and hNlng
difference, and il was considered PROP
able that these features were among
those occupying the attention Of the
exchange officials.
According to the report OF the CON
ference committee 400 bales of Deem
Der were liuuidatcd here as result
of Thursdays operations in Liverpool
instead of 500 bales, as expected. The
ballot divided these four contracts
among three local firms. and it was re-
ported that yesterdays TRANSACTIONS
in the English market would result IN
putting orders for another coo bales
in the ballot. although the result might
not be officially stated until Monday
morning. Liverpool spot sales are in
crcasing at the lower price, and WEIle
the process of liquidation under the
scheme Of international conference has
been disappointingly slow, It seems TO
be gathering Roadway. Southern spot
markets show continued or increasing
strength, and it is figured that fully ~
per cent of the ginningS are being ned
off the market by farmers. The export
movement is beginnin;; TO show some
improvement, and it is reported that
Southern shippers who sold short ior
September clearance are finding it diff
ficult to fill their orders owing to the
small amount Of cotton offering. Au-
gusta reported prices firm and un-
changed at 87sc for middling while
Savannah was u higher at SIC, and
Norfolk was Il higher at 8"sc.
Weekly movement figures of the New
York Cotton Exchange: Port receipts,
$685. bales, against 933,2Oi last year;
overland to mills and Canada, al
against $3.50 last year; Southern mill
takings. estimated $4,000, against 3d.
QUO last year, gain o.. STOCKS at lHte-
rior towns, 1851, against 27,I53
last year; brought into sight for
the week, 14O.327, against 4l4,b87 last
year. Total crop movement: Port re-
ceipts, 19O,755, against 1851 last
year; overland to mills and Canada,
5,922, against 25,4S3 last year; South
ern mill takings, $4,000, against 1885,
796 last year; stock at interior towns
ir excess of August /, 68,Ol2, against
37,649 last year; brought into sight
thus far for season, 3l2,689, against
1,210,439 last year,
Liverpool, Sept 1S.-Cotton-Srot in
better demand. The better grades
were scarce, with a hardening ten
dency. Sales, $500 bales, including
$500 American on the basis of 5.S0d
for middling. Imports, 100 bales, all
American. Weekly cotton statistics:
Imports, 10000 bales; American, 5000;
stock, $4,000; American 100000; for
warded, 10000; American, 26,OOO OK
ports, 5000