New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-27
COTTON ADVANCES
ON SMALL REPORTS
Jumps of $3.50 a Bale Follow
Renewed Activity and Broad.
ening Interest.
ening Interest.

There were advances ranging up to
$3.50 q bale in the cotton market yes
tereday on an active demand from
shorts and q broadening Of general in
terest inspired by smaller crop esti-
mates and reports Of an improved spot
situation.
January contracts sold up TO ll.26.
or ~ points above Wednesdays clos
ing, while May advanced to 1875, or n
less than IS a bale above the low leve
Of the month. There was considerable
realizing on a scale up, while there
also seemed TO be some scattered
Southern selling. All offerings were
readily absorbed and the market closed
firm ut net gain OF IS TO b2 points
for the day. with early new crop de-
liveries showing the maximum ad-
vanees.
The market opened firm at an ad-
vance OF l6 to 20 points in response TO
the firmness OF Liverpool over the To-
cal holiday, particularly with reference
to spot cotton. which was the squiva-
lent of As American points higher, Is
compared with Wednesday, on larger
volume of business. Slight reactions
occurred at times during the day, but
the general tendency OF prices was
higher. Closing figures were at prae
tically the best point or the session
Private cables reporting that the
South was offering very little spot cot
ton in Liverpool and reports OF an i'n
proving demand in the Southern spot
markets. were among the more lHPoI
tant factors ou the advance part,ou-
larly as the official cable from NAN
chester said there was good .hln"
business, which may have been stlmu-
lated By the advance in bar silver
Several private crop estimates were
issued yesterday. A prominent Mem
phis authority placed the yleld AT ~
325 900 bales, excluding linters, "h'Ie
a prominent local statistical bureau
made an estimate Of around ll,loo'ooo
bales. The exact figures, which became
available late last night, were ll,lsl'-
600. There was also southwestern
estimate placing the yiefd OF iiht ~
| $50 900 bales. while a, well known
Alabama spot firm estimates the crop
including linters, al l2.!IO.0OO oales,
These figures doubtless strengthene'
expectations that the governments es-
innate on December 10 would rup un
der rather than above lie mllllon'
Rather bullish sentiment had shown
itself in the market here before the
holiday. but its expression IN the FORM
of buying orders had doubtless been
restricted on the eve OF the Thanks.
giving adjournment The activity OF
Yesterday probably reflected an nc
emulation of buying orders over the
holiday. ,,o,
Exports for the day were 1871
bales. making 66,4l3 for the week.
against 24s.72l for the same week last
year. Southern spot markets were gen
orally higher, the advances ranging
from about II up to 43 points, with
moderate volume OF business. SPIN
ners' takings for the week were 33l ,O0o
against 35l 1913 last year, and th'
worlds visible supply Of American cot
ton at the end of the week was 4,224,-
J 4s8. against 3,5s4.520 last year.
The weekly movement figures OF the
New York Cotton Exchange follow
I Port receipts, l'8,olO Dales, aSaih'
/ 37O.435 last year; overland TO mills and
/ Canada. 50.430. against 1892 last
year; Southern mill takings, estimated
! $4,000. against 10000 last year; gam
of stocks at interior towns, 4I,Sl''
against 59,343 last season; brought IN.
10 sight for the week, 39l, s64, against
575.770 last year Total crop movement
Port receipts, 2,S7s,O7s, against -
and Canada. 2,233, against 2s9,3o7
last wear; Southern mill takings, l.
100000. against i,Ol7,ss7 last year;
stock at interior towns IN excess o.
August, 773,e13 (s,449 burned, against
e2s 1870 last year; brought into sight
for the season, 5,244,925, against b,pO3,-
TAI last year.
Range of prices: