New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-12
COTTON ADVANCES
IN QUIET MARKET
Favorable Weather and Less
Political Anxiety Strength.
ems Buying.

After very quiet and more or less
/ irregular early session the cotton
market became slightly more active and
considerably firmer, with the close firm
at net advance of to points.
Liverpool was several points lower
than due on the New York close OF
thursday, but the local market opened
steady at unchanged prices to a decline
Of only 3 points, and soon sold some 2
or points net higher on scattered
covering and Wall Street buying. There
seemed to be less anxiety over inter
national conditions, and the firm ruling
OF the stock market encouraged an OPP
timistic view of the trade and financial
outlook. The advance here attracted
some selling by Liverpool houses, how
ever, and following the publication of
a bearlsh private report on crop condi-
uons IN Mississippi and the Atlantics
the market turned easier, with active
months selling about to 4 points net
lower during the middle of the day.
offerings failed TO increase on this de-
cline, and while rather a bearish view
was taken of the weekend figures,
prices made new high ground for the
day IN the late trading on covering and
Wall Street buying, which seemed to
be promoted by the continued firmness
OF the spot market and the absence of
spot pressure.
Weather conditions were considered
generally favorable, and considerable
attention was attracted by the Cordill
report indicating very good crop pros
pect in the Atlantics and Mississippi
and claiming that the reduction Of
acreage in these sections might not
exceed 8 or 4 per cent. II has been
the general impression around the ring
that the government report. due on
July |, would indicate an acreage more
in line with recent private reports.
which have suggested a decrease on the
average OF about Is per cent.
The bearish crop reports failed to
stimulate any important selling during
yesterdays trading, however, and. as
a matter Of fact, there seems little
disposition to attempt to discount the
future in the contract markets until a
more trustworthy view Of the new crop
outlook is obtainable, or until political
conditions are less unsettled. The Wis
ible supply of American cotton de-
creased 1l4.727 bales for the week
against a decrease of 153,757 for the
same week last year, and is now $780,
1877 bales, against 2,534.sS last year.
Southern spot markets, as officially re-
ported, were unchanged to points
higher. with Southwestern markets rel
atively firm.
The weekly movement figures of the
New York Cotton Exchange follow:
Port receipts, AMP bales, against
6O.370 last year; overland to mills and
Canada. 12,94S, against 1900 last year;
Southern mill takings, estimated, go,
600. against $4,000 last year; loss Of
stocks al interior towns, 1881. against
27.475 last year; brought into sight
for the week, 5000, against 1854 last
year. Total crop movement: Port re-
ceipts, lO,465,4 05, against l0,55S. 979 last
year; overland 10 mills and Canada
1,095,S45 against 1.171,9 last year;
Southern mill takings. 2,652,SS7, against
2,S29,7 96 last year; stock at interior
towns in excess of August l, 443.225,
against 73,74s last year; brought into
sight thus far for season, 1857 1862
against 14,634.429 last year.