Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-01-11
NEW ORLEANS.

NEW ORLEANS, January 1o.-In the
early trading today cotton reacted from
the advance of yesterday, but the depres-
sion was gradually made up and replaced
by a net advance. First prices We're six
TO eleven points down. although the tone
of the market was steady. This initial
decline was in sympathy with Liverpool,
which stood more than due futures.
and reported spot sales of only 5000
bales.
Around the first call bearish comment
concerning the spot demand abroad
caused fresh short selling. but the soft
spot also brought out new demand from
the bull side. The lowest prices of the
day We're made the opening call. For
d while offerings from buyers of the
earlier part of the week. who wanted
profits, worked against values to some
extent, but as the morning grew older
the demand increased and offerings de-
creased. At II O'Clock the most active
months We're going 10 Il net advance. At
the highest they sold -four TO five points
over Yesterdays last quotation. The close
was at d net loss of one to two points
Il steady tone.
Spot cotton steady, unchanged; mid
ding, 12s4. Sales on the spot, 1,ooo bales:
TO arrive, 10 bales.
Cotton futures closing: January. 1850:
February, 12.52: March, i26s May. L. rs;
,Iuly i2-SS: October. II 81.
NEW ORLEANS. January I6.-ln the
early part of this week the cotton mar
sure which held prices down, but Friday
saw a reyerdse following the cenusu
bureau report on ginning to January ],
and prices went well above the level of
last weed S close Trading was noder-
.ttely active. but was restricted to some
extent by the holiday Thursday.
The net results of the week $ trading
were advance of - to SO points
The high prices Were made on Friday
and the low prices on Monday. At the
highest the trading months were SO TO
% points over last weeks close; at the
lowest they were To II points under
The range was e.; to ~ points.
The census bureau report on Friday
the big event of the week. 1t was
followed by large trading and Il SUBJ
stantia! rise Ill prices. The amount of
cotton reported girned to January l. a
total of j.. 91i bales was almost 1uu-
bales under what the trade generally
looked for. Al the end of the week the
ajority of people on both sides of the
market Were more willing to consider an
estimate of a commercial crop of 14Jco-
600 bales than they have been at any
previous time this season. More bull
ishly inclined traders estimated the COM
mercial crop at l4.25o,0oJ bales.
In the spot department prices gained
oue-eighth of a cent. middling closing at
ia against 12@s last week and 122. this
week last year Sales on the spot
amounted to 1856 bales, against 4.2o7 las
week and 5,J62 this week last year.
sales TO arrive amounted TO 4,049 bales
against 3,46l last week and 2,52I this
week last year.
Secretary Hester today issued a state
ment of weights of 7,437. 739 bales OF
cotton handled at outports and across
The Mississippi, Ohio and Potomac rivers
overland to American manufacturers out
side of the cotton belt during the months
of September to December, inclusive
showing an average per bale of 522. IA
against 526 II for the same period last
year. Detailed averages are: