New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-09-18
COTTON UNSTEADY;
FAILS TO GAIN
CHESS Report Sends Market 8
Points Under Thursdays
Closing.

The cotton market was rather less
active yesterday and fluctuations
showed increasing nervousness, with
the close barely steady net unchanged
to IS points lower, the more active po-
sitions being generally 3 to 8 points
under Thursdays final figures.
The movement Of prices during the
day was extremely irregular. and SEN
Ument seemed to be more divided ow-
ing 10 the extent OF the recent advance
and rather conflicting reports from
Southern spot markets. The market
opened firm at an advance OF 100 Il
points in response TO renewed frmness
in Liverpool and overnight buying or.
ders which had evidently been attracted
by the appearance of good support
here and the general advances reported
in the Southern spot markets late on
Thursday. This advance took January
contracts up 10 1850, or within 8
points of Wednesdays high record, and
encountered heavy realizing and rather
aggressive selling for reaction. A
checked By the Giles report making the
condition 664, against GS.4 on August
%. and uncertainty rs 70 the course Of
the moderate disturbance reported of
.'the west coast of Cuba, but offerings
increased on rallies, and the market
reached the lowest point Of the day
under renewed liquidation in the late
trading, when January sold at ll.l5c.
- a
two of the lowest.
There were a few scattering reports
from the Southwest indicating rather
more favorable crop conditions, ana
the clearing weather reported in Texas
was considered beneficial, but most OF
the news reaching here from the south
was bullish on the crop outlook and
Southern spot adyces were more or
less conflicting. There was talk OF IN
creased spot offerings at the advance,
and tho late decline was accompanied
bv reports of more Southern selling IN
tie wav Of hedges, but replies received
by one Of the local firms indicated no
weakening Of spots in either eastern
or western sections of the belt, and 4
local spot broker reported rather
letter inquiry from New England mills.
Southern spot markets as otilclally re-
rorted were all unchanged except to.r
some of the smaller markets, when
were 1-166 &c higher, probably IN the
,yav of establishments. Houston re-
portod sales of 6.979 bales at lOt2c Tor
middling and there were sales OF nearly
1000 bales at Norfolk. Exports for the
week were S2,254 bales. The visible
supply of American cotton is now
745 819 bales, against l.560,S13 last
ycar II was reported that private ca
iles had been received here from Bonn
bav asking whether damage to the
American crop had been serious, as re-
ported. - -.
New York Cotton Exchange follow !;
Port receipts, 178,164 bales, against
IS. last year; overland TO mills ana
Canada. 5,012, against 100 last year;
southern mill takngs (estimated) -,
20 600. against $4,000 last year; gam OF
stocks at interior towns, 35,575. against
44132 last year; brought into sight Tor
tho week. 268,75l, against loZ,ooo iast
car Total crop movement: Port re-
ceipts. 467,526 (1S,275 added Arkansas
PassS against 100. 687 last year; over
land 70 mills and Canada. S2,OS99,
AGAINST 5.65l last year; Southern miIl
takings, 245,000, against lli,Sof last
vear: stock at interior towns IN excess
of August, 1878, against os'OiZ IasI
GEAR: brought into sight thus far ior
Season. 755,4OS, against 3s2,411 last
year.