The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-07
INTTON EASY AFTER
EARLY STEADINESS
concentrated Selling in Last
: Hour Gives Market .
Weak Closing.
WEIGHT or Low GRADES
rrc.surc May Cause Wide Diff
fcrcnces Between New
York and Liverpool.

,,,ourh the rally In cotton which set
4. srsr the break OF early wednesday
-, ,omevhst further In the early trad
:, ys.,erday. most Of II was lost before
" .,o.e on q sharp break which Get in
,..,s the last half hour. This came ~
,,,ult Of selling orders for the lead
e., SO, interest. together with liquidation
:. ,sms Of the local talent. At any rate.
=. s,,,ure Of the market 20 make more
:, . recovery from the recent depression
-, discouraged reactionists and In likely
;, ,s,a 10 renewed selling in the near
future
v,,. service with the South was still
,,,srruptsd, and II was impossible for the
o., York Cotton Exchange TO complete
q, ,eek end statistics on schedule time.
rss into sight for the week. however.
a. o,aced at 1911 900 bales. against 1884,
"A, ,sst year. while spinners' takinss were
NOD a, $4,000. against 29s.0oo last
80, Secretary Hester OF the New Or
am Cotton Exchange placed the decrease
|, the visible supply Of American cotton
:. n 900 bales for che week. against
~ 400 last year. The decrease in all
,,,A, "a. placed at $4,000, against $1,000
az. year. The change In the supply and
a.rsnd situation therefore WAS 50 trivial
:, "a b practically without effect upon
,,s market Liverpool spot sales were again
-. reaching $4,000 bales for the day.
,,, sA,s vas not taken ~ an indication
| . ,,.ds demand 90 much As covering BY
-sfchants.
|, Al noted recently In these advices. SEN
,nsrt 10 being directed more and more
| IA The probable pressure of low grades,
,hth are likely TO exercise concen-
,.ted weight upon the New York con-
mt market. There 10 believed to be
surplus OF low grade cotton over and
,sV.s any probable spinnerI needs for
seA classes OF cotton. The only feature
eacsrning which the trade seems to have
.ay doub, Is whether this surplus OF low
eSdes contains n sufficient proportion OF
vrds-able quality. II there 10 enough OF
,Ms low grade stun that will pass on con-
.rset 1, cannot fail to exercise n consid.
.rsble pressure upon values This SELL
M ssainst low grades is likely TO be
more pronounced in the New York market
han in Liverpool. for Liverpool would
eject a ctrtain amount of cotton which
you'd pass in New York. For this rea-
A,oa some OF the Liverpool straddle eN-
! ,era are predicting that the difference
rSseen July in New York and July u.
gust In Liverpool will widen to 100 points
'ompared with the present difference OF
little less than ,cS points
The season is not far enough advanced
% give any line OF new crop conditions
though Texas mail advices report a de.
csncy In moisture over most Of the
,aie The strange feature about this In.
'lrnatlon II that Il IL not in accord with
10 advice. " the leading grain au,hori
- which state that small grain crop,
Texas are doing splendidly on accoun
q the ample rainfall
Spot cotton was unchanged. Middlni
s9hnds, lSc Spot cotton In the princi
d ~ Southern markets was unchanged
N'~ Orleans l2%c.: Charleston, 12a.c.
Norfolk, i.Nc.; Savannah. 121c.: Mem
AS lSc,; Augusta. iSrc. Futures close
asy, 10 points lower.