New-York tribune., 1915-07-10
COTTON RESUMES
TRIP 10 CELLAR
sIumrs Net IA to 20, Selling "a
Per Bale Under Last Weeks
High Level.

There was a renewal 0f active Hou;.
dat:on in the cotton market ,,-d.,
ard another big break in prices. with
October contracts selling more ,s..
81 per bale under th2 nigh lcysl -
last week, and neaTiy $3.50 De- hi.
under the high records Of r., seaso,
Tho close was a fcy points uD i-o,,
she loves. on covering. but N, 6n.i
tone was easy ar the net decline -
/. 10 20 points. Tlcre appeared To \.
nothing fresh IN the news > scesyr.
for the continued weakness of ,bs
market, but weather reports w,r. ga.
sidcrcd favorable From a new cro,
standpoint, and the ;csrket vas a7,;.
influenced b. the Unsettled situate,
IN securities, reiterated predicfons ~
i restricted exporC outlet. ard ns,.
vousness over political cond.t;0,s
Western and Wall Street houses w,,.
considered the heavics, sellers On ,hs
decline, and, eXcer, or some Liver.
pool buying during -ht first hslr n,
the operations Of isactionists herr
appeared 20 be 10 support aside IRON
the covering of shO:ts. Liverpool dS
not fuily meet the local decline a.
Thursday, but, after opening steady
az unchanged prices 20 an advance OF
3 points, the local market wca a<er.e
under overnight selling orders. WIKI
active months soon selling abou. 9 20
8 points ret lower. Th., carried tts
market here some - points urds-
Liverpool. and the difference seemed
vide enough TO attract some s.raddle
buying, which, With covering @
shorts, caused n rally q ( 20 points
from the lowest. WITH the close o.
the English market tho support from
Liverpoo! was withdrawn, howe,er.
and price, soon weakened again under
q renewal Of liquidation. with active
months selling = % - points ns.
lower in ;he middle % the afternoon.
Rallies followed OF the sonevha,
bullish weekend figures ard firm turr
in New Orleans, but the closing
weakness Of the stock marke. pre-.
vented any material improvement IN
the undcrtone, and local traders
seemed by no means sure that liQul6S-
ton had been fully completed. There
was no indication of hedge selling
during the day, bu, local spot rcopls
said that spots could be bough; IN
the South under he Official quota
tions. and bears were predicting thst
a continuation OF good weather, CON.
bined with a continued absence OF e1.
port demand, would orlng pressure o.
old crop cotton sgaicat the markets
The visible supply OF American cct-
ton decreased 1850 bales for tae
week. and is now 3.i77.07s bales,
against 2,G34,510 last year. Southern
spot markets as o.hcla.ly leoorted
we're unchanged 10 . point- lower
The weekly movemea. Of the New
York Cotton EXCHANGE follows: Por
receipts. 24,374 bg,es, against 2i34s
last year: overland ri,tls In Canada,
8,046, against 1885, la.t year. SOUTH
ern mill takings. estimated, $1,000,
against 10000 las, year. Loss Of
stocks Al irteric- towns. 1905,
against 1870 last GEAR. Brought into
sight fov the weet. $780, agairs,
24s9J last year. Total crop mo,e.
ment: Port receipts. l1G2ilsN
against t0.697,763 lass vear; overland
TO mills in Canada, ,l26,552. ga.as'
l,t93,-it .ast year; southern NIL tax
inCs. 2.I92GS7, against 2.90+.l9j last
year: stock a. in'cr.o' town 10 ex-
cess Of August /, 37;19o, against L.
G82 last ear. Brought into s.Cf, ;hui
far this season, 1870 Q21, against ~
S00972 last year.
Range of prices;