New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-07
COTTON TRADE
GROWING BETTER
December Contracts Advance on
Liverpool Figures
Hold Steady.

The reopening Of the Liverpool mar
ket for restricted business in May
June contracts attracted large attend
ance at the local exchange, with a more
active business in December on the
curb. May-June deliveries in Liver
pool fluctuated between 4.45d and 4.34d,
closing at the latter figure, or consider
ably above the minimum price of 4.25d
fixed by the English committee, and or
the basis Of which New York traders
have refused TO put their December
contracts 20 ballot December here
sold freely around 1900. later advancing
20 about f.62c. and IL was rumored late
IN the day that the local trade would
raise It's minimum price for liquidation
through ballot 20 7.7jc for December.
The court hearing on the sale OF the
Pell contracts 10 the proposed corpo-
ration was postponed until to-day, and
10 announcement was made with ref
erence to the date for resuming bust
ness in the local market.
There will be hearings in Washing
ton next week on the rules and regula-
tions TO be Issued by the Treasury and
Agricultural departments in connection
with the new cotton futures law, but
these will not interfere with a resump
tion of business in the local market, as
bylaws have already been adopted pro-
viding for new style contracts and the
operation of such rules as the Secre-
tary of Agriculture may consider neces-
sary TO the administration Of the law,
the provisions Of which DO not become
effective until next February.
Advices from the South indicated con
tinued steadiness in the interior spot
markets, and local brokers report that
they have found no increased selling
pressure. Holders are doubtless en-
couraged by progress in securing sub
scriptions TO the Sl35,000,000 cotton
financing pool.
Weekly movement figures of the
New York Cotton Exchange: Port re
Ccipts. 3260S2 bales, against 52l,214
last year: overland to mills and Cam
ada, l0.05j, against 31,5l5 last year;
Southern mill takings, estimated, TO-
600. against 10000 last year: gain Of
stock AZ interior towns. 1885, against
37,006 last year; brought into sight
for the week, OPS ,lOi, against 6S1,S56
last year. Total crop movement: Port
receipts, 1910 against 4,ti5663
last year; overland to mills and Cam
ada, 1880. against 22S,7S3 last year;
Southern mill takings, $4,000, against
75l.796 last year; stock at interior
towns in excess of August /. 71l,29l,
against 3S4,6 last year; brought into
sight for the season to date, 2.9-9,l6i,
against j.6l3,q29 last season.
Local market for spot cotton nomi-
nal. Southern spot markets: s.. Louis
quiet. at Tic; sales. 1903 bales; Little
err. at nc; sales, l,303 bales; Little
Rock. &c higher. at CSC; Charleston.
lac higher, at 7isc, sales, 200; Sa-
vannah. firm, at 7lsc; sales, 1888;
Galveston, quiet, CT 7'.c; sales, 100;
New Orleans, sc higher, at Z 5-i6c;
sales. 1920; Mobile, steady, at &c;
sales, ~; Wilmington. Isc higher. at
74sc; Memphis, steady, at &c. sales,
i,1j0; Houston, steady, al as; sales,
1852.
Liverpool, Nov. g. Cotton Spot in
fair demand; American middling fair,
$40; good middling, i95; middling.
A.64; low middling, SOB: good ordi-
nary. 3.3l; ordinary, 2.84. Sales. g.
ZOO bales, including $3.50 American
and 500 for speculation and export.
Receipts, o,i33 bales, all American.
May and June delivery opened at 440
and closed az 4.3i. Spot sales made
late yesterday were $500 bales, includ-
ing $500 American. The Cotton FIX
change will open al II g.. ~. until
further notice.
Weekly cotton statistics: Imports,
35,S09 bales, American $1,000; stock.
$4,000, American, $4,000; forwarded,
so O3S American q93G. exports. b.