Pine Bluff daily graphic., 1914-11-12
COTTON PRICES ADVANCE STEADILY ' Big Exchanges Expected to Open for Business Next
 Monday.
SPOT MARKET IS FIRM
spots Unchanged Yesterday in Li,er- peel. Where S,0O0 Bales Changed Hands, Ruling Price Being
 About 3 Cents.

Steadily the past few days the price of spot cotton has been advancing on all the markets where trading in the actual is under way, the advance, though small, being steady, with lil- dicaticns that in the somewhat not too remote future a price more nearly ap- l preaching it's actual value will be reached.
 The markets everywhere have felt the strength gained by the partial re- sumption of trading on the floor of the Liverpool exchange, and the re- ports generally in circulation, but not yet officially verified, that the Now York and New Orleans exchanges may reopen for trading in futures Mon day next, has added to the feeling of optimism which now prevails in many circles.
 It appears now that only few de- tails have to be arranged before the big exchanges will again be doing business as in the days prior to the declaration of war in Europe. The money market is once more apparent ly in steady condition, and the ship ment of approximately $11.O00,00O to Canada, in settlement of goodly DOT tion of tho American debt to England, makes clear much of the way toward return to old conditions.
 In Liverpool yesterday it was an nounced that the association there has arranged for resumption of futures trading on the same day the American exchanges open. This is taken as a prelude to an official announcement n,,1o ing the date.
 Spots were unchanged in Liverpool yesterday, sales of 5000 bales being reported and the ruling price being 1 4.66d. MayJune futures, the only months traded in closed three points under Tuesdays close, but we'll above the minimum fixed by the exchange. New Orleans, Galveston, Savannah, Augusta and Dallas all reported a rise in the quotations on spots, Hous- l ton and Memphis prices being un- changed from Tuesday. Sales ap- proximating 23,O00 were recorded on the several exchanges, the market be- ing reported as firm everywhere.
 Pine Bluff Exchange.
 The Pine Bluff Cotton exchange daily bulletin reported conditions as follows:
 Liverpool spots unchanged, 466d, sales 5000, receipts 5,S56 May-June futures opened 4.36, high 4.36, low 432, closed 4.32, three lower than yesterday. Liverpool Cotton associa- tion reports fuh arrangements made to open simultaneously with Ameri- can exchanges.
 Opinion prevails that the American exchanges will open next Monday however, there is nothing definite on the situation.
 New Orleans Gotten exchange re- fuses to follow raise in New York brokerage rates to four points.
 Chicago closed-Wheat, 5-Sc off, December $115 IA, May $122 7-S; corn, 1-Sc off, December 6S 3-Sc, May 1T hc: oats unchanged, December | 49 1-4c, May 5 1-4c; pork, DC up, Jan uary $19.221a; lard, 15c up. January f $10.45 ribs, 71sc, January $1O25.
 Spot markets-S 1-sc up l7%c, sales 2,650; Augusta, 1-Sc up l 7hc; Dallas, 11Gc up, 1-4c, sales 4.60O Memphis, unchanged, 7c, sales 4,400; New Orleans, 1-Sc up, 11-16c sales 305, to arrive 1,425; Houston unchanged, 916c, sales, 577, f. o. b. 2,S46 Galveston, 1-16c up, 11-16c sales 647, f. o. b. 400.
 Nothing new in war situation"