New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-19

and the proposed 10-cent limit Of the
movement TO degree which makes
even those who are sentimentally in
favor of II look asksnce at the propo-
sition.
Texas points have reported sales Of
spot middling below the 6-cent marx.
and distress cotton is being pressed
for sale more freely as tho crop con-
tinues to come in. Another point
against the market is the reduction of
tho liquidating price on Liverpool
straddles, which has resulted in still
further postponing the closing out Of
the remainder of those deals. While
exports for the season so far have
been decidedly smaller, the recent
movement has shown gratifying in
crease, clearances having increased
from 29,ii5 bales for the week Of Sep
TENDER % to Ss,097 for the week Of
October Q, last weeks figures being
about the same, a large proportion OF
these shipments going by way OF Gal
weston. As a matter of fact, the whole
cotton trade is disorganized, and the
value of cotton is apparently based en-
tirely on how badly the grower needs
the money and how much the buyer is
willing to pay. In New York circles
the valorization scheme is regarded AS
dead, and is hardly ever even discussed,
English spinners have been compelled
TO sell yarns at material reductions,
German, Austrian and Russian spin
ners are out of the market, domestic
mills are buying only from hand to
mouth anC running with as small
stocks as possible, and no one will
venture to predict where the price of
spot cotton will be when il steps de-
clining, but n we'll known dealer here
was quoted as saying last week that
after all it might be a good thing for
the South in the long run, as season
Of diversified instead of one crop farm
ing would be of material benefit to a
lot of almost worn out soil, as well as
giving the grower something to live on
between crops.
Cotton goods markets were generally
quiet. The price readjustment to a
basis of 7-cent cotton from l4-cent cot
ton is going on slowly in all trade
marked goods. Jobbers are not yet
ready to operate for spring on staple
goods, and selling agents do not see
that marked concessions in price will
stimulate distribution at this time.
Collections In the trade are poor, and
tinues to impede trade in many ways.
In Other Markets.
The coffee trade has been quiet, ef-
forts being mainly centred on settling
up old contracts through the voluntary
liquidation committee, with a view OF
reopening the exchange as soon as pos
sible. There was considerable weak
ness early in the week, but partial
recovery followed, and cost and freight
offers from Brazil showed the effect OF
q rally in the price of exchange on
London. Bids from buyers for new &C
count will be received by the voluntary
committee to-day, such buying to be
supplied only from sellers Of outstand-
ing long contracts. The consuming
trade is apparently indifferent TO the
condition Of the market, and some lead
ing roasters who had loaded up in pre-
vious deals are reported to have been
resellng their stock in order TO pro-
tect their differences. Much or the
trading for the week was in switches
from December to March or May, the
latter month at 5000, showing drop
of 165 points since the exchange closed
on July 80.
In the country produce, dressed
meats and livestock markets the only
changes Of note have been declining
tendency in butter, cheese, eggs, poota-
toes and apples, and some slight reduc,,
tons in meats. Some export demand
for butter and cheese has helped steady
their prices, but has not been large
enough to cause any advance. The
supply of small fruits and vegetables
has been ample, and price changes
have been small, governed by daily
market conditions.