New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-09-25
COTTON UNSTEADY:
GAINS SLIGHTLY
Rain Prospects Throughout the
South Cause Market TO
Close Nervous.

There was a renewal Of excited gem
eral buying in the cotton market yes
terday which carried all deliveries into
new high ground for the season, while
recent predictions of IL cents for Janu-
airy contracts were more than realized
when that month sold at 12.02c on the
bullish weather and crop news. Clos
ing prices were several points of from
the best under realizing and the final
tone was barely steady, but the market
still showed net gains Of from TO l3
points for the day, with near months
relatively firm.
Detailed weather reports showed
quite general rains in Texas, while
temperatures were considered lower
than desirable IN the Eastern belt.
and the trade was apprehensive
of even more unfavorable weather over
the week end. This was due to the
presence of a low barometer over the
western belt moving eastward, while
a disturbance of unknown intensity
was also reported in the Caribbean Sea
moving in the direction of the Gulf,
with these conditions suggesting a
double chance of further rain at a
time when the South is supposed to be
urgently in need Of dry, warm weather
Private crop advices continued of a
very bullish average, particularly from
the Southwest, and 1t is probable that
the days advance represented fur
Their scaling down in crop estimates, as
well as the continued strength Of the
Southern spot markets. Several re
ports were received from interior
points suggesting an active European
demand and there were rumors here
that German interests were preparing
to finance and hold supplies of cotton
in this country until the end of the
war. These rumors could not be
definitely confirmed, but it was stated
quite positively by some OF the local
spot people that Germans had been
buying some cotton recently In the
Southwest, although it might be of
fered for sale in the event Of an at
tractiye advance.
There was some irregularity during
the, early trading, due largely TO heavy
selling here by Liverpool straddlers,
which caused reactions of or points
after an early advance. AS soon as
the close abroad shut out arbitrage
business, however, offerings tapered
off and the market developed extreme
strength on aggressive bull support,
broadening outside demand and cover
ing bv recent sellers for a reaction
The advance carried active months
about 81 to 81 points net higher, with
October selling at 1l.45c and December
at 11.87c. while January at 12O2c
showed an advance of nearly cent
pound from the low level OF Monday
and of nearly cents per pound
from the low leyel of last sum
mer. Realizing became very heavy at
this level, causing reactions of 10 or
10 points from the best. Exports for
the week were 1O9,438 bales, against
3O.O24 last year. Spinners' takings
were 1862 bales, against 243,25S two
years ago. The visible supply OF
American is now 2,967,517 bales,
against 1,627,710 last year. Southern
spot markets were unchanged to 20
points higher. -,
The weekly movement figures Of the
New York Cotton Exchange follow:
Port receipts, 269,7l6 bales, against
90. 7O2 last year; overland to mills and
Canada, 6,775, against 1907 last year
Southern mill takings, estimated. co.
600, against $4,000 last year; gain OF
stocks at interior towns, 1859, against
$3.50 last year; brought into sight for
the week. 404.350, against 2Os,1l9 last
year. Total crop movement: Port re-
ceipts, 1922. against 2s9,569 last
wear; overland TO mills and Canada
3S864, against 7,45S last year; South
ern mill takings, 100000, against IT,
ss7 last year; stock at interior towns
in excess Of August /, $780, against
1862 last year; brought INTO slght
thus far for season, 1,l69,f5S, against
590,536 last year