New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-12
MORE COTTON
STRADDLES CLOSED
Spot Markets Steadier and
Slightly Higher-GOod
Liverpool Sales.

The operations of the special COM
mlttee of the New York Cotton En-
change resulted in the liquidation Of
500 bales of the old interest yesterday,
making 1000 bales since the plan de-
ciGed upon at the international confer
Cnce was put into effect. Liverpool
SPOT sales are now reported to be in
creasing, however, and as some Of the
Lancashire mills are said to be re-
Stunning business, il is considered prob
able that the work of undoing the old
interest will make much more rapid
progress in the near future. II is felt,
too, that the steadicr tone reported in
the spot markets Increases the likeli-
hood of evening up the old interest at
a reasonable level of prices, and some
traders are now predicting that it may
be possible to reopen the exchanges for
new business by the first of October.
Nearly all the more prominent South
eTn papers are publishing editorials ad-
vocating a speedy reopening of the eX-
change, in order that a firm price may
be established as a basis for forward
business or banking advances, ard it Is
reported that considerable pressure is
being brought 10 bear on the exchange
authorities in favor Of resuming bust
ness ut an early date.
The price quoted for middlnG cot
ton at Augusta, Ga. at the close yes
terday was 1aic, an advance of = C
since Labor Day, and Southern offerings
to New England mills are said to show
a similar, or in some instances even a
greater, improvement. 1t was reported
yesterday that many colleges or other
educational institutions were offering
to accept cotton at 10 cents a pound in
full payment for the tuition of South
ern pupils whose finances had been af-
fected by the conditions III the cotton
trade.
The New York spot market was NOM
inal again. although sales were re-
ported Of % bales. Savannah reported
spots unchanged at Sc for good mid
ding with sales of 500 bales, and there
were sales of 624 bales at the advance
of &c in the Augusta market. Liver
pool sales yesterday were the largest in
some time. special committee of the
exchange is now formulating bylaws to
bring New York methods into conform
ity with the new cotton futures law.
Weekly movement figures of the New
York Cotton Exchange: Port receipts,
49,113. against 2l7,790 last year; over
land to mills and Canada, 1916, against
2.5O5 last year. Southern mill takings,
estimated $4,000, against 10000 last
year; gain Of stocks at interior towns,
22I41, against 32.O33 last year; brought
into sight for the week, $3.50, against
292.328 last year. Total crop move.
ment: Port receipts, 121,77O t4,S5O
added San Francisco), against 624,3O7
last year; overland to mills and Can
ade, 5,451, against 2l,753 last year;
Southern mill takings, $4,000, against
1895 last year; stock at interior
towns in excess of September l., %, l4l.
against 1896 last year; brought into
sight thus far for season, lf2,3oZ'
against 1852 last year.
LIVERPOOL, Sept. l1.-Cotton-Spot -
Improved business. Sales, 4,42O bales,
including 1890 American on the basis
Of cd, for middling; imports, 925 bales,
no American. Weekly cotton statistics
Imports, 10000 bales, no American;
stock. S67 900. American, $1,000; Tor
warded. 10000, American, 22,oOO; eX-
,ortg A O0O