New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-11
CROP PUT
Tl1,t61,0OO BALES
Market Little Surprised at Esti'
mate, Which Agreed with
Recent Expectations.

Interest in the cotton trade yester-
dsy centred on the governments crop
estimate, which indicated a yield Of
nI6lOoO bales, excluding linters
This report. published during the mid
de Of the afternoon, proved about IN
line with more recent expectations ana
attracted heavy realizing as well as
fresh buying. most Of which seemed 70
come from Liverpool or local trade In
terests. A. any rate. fluctuations were
very irregular both before and AFTER
he publication of the figures. Marcn
contracts fuctuated between u 81 and
1881. closing 90 1914. The general list
closely barely steady, at net decline
o. 70 II points.
Liverpool recovered part Of an early
lcss. but was still lower than due at
the hour " the local opening, and the
market here started 90 net decline
q 70 9 points. After showing q loss
o; about Is 90 16 points under heavy
realizing, prices rallied 10 within or
; points OF Thursdays closing figures
On covering, but Immediately following
he publication Of Tho governments es-
innate broke rather shsrpls This de-
cline carried the active positions -
e % points under TLur'day's final
priees. There was heavy Liverpool
buying a. well as some fresh demand
from local sources. and after selling OF
. l2s0 Nay rallied 20 1902, cOmpar-
inR Eith 1906 az the close Of the pre-
Nous day. Prices thcn weakened under
southern selling and closed % reac-
tons Of CT points from the best.
seemed from the action Of the
aiys market that the advance Inspired
by snail ginning returns earlier In the
"ees practically had discounted the
governments estimate Of the crop from
Local speculative standpoint The
le9it O. the demand or the decline fol-
sEirg the estimate vas attributed 20
ts' covering y straddle shorts. Eeac-
uonary sent.ment was more OF less In
evidence around the ring during the
sn'irs day with bearishly disposed
uaasfs predicting Increased Southern
spo' offerings should the crop figures
y iill . stimulate demand
~ Is estimated that linters this wear
VII approximate COO 900 bales, which,
-ouso 70 the governments report.
~'s.e slggesi a total growth o. about
--''0O'OyD bales, while there were 6p-
p.o1..aa'ely 1900 900 bales Of last
fears growth which had not been
'.gai into sight up 70 TIE beginning
ihe present season Southern spot
IAI,ffis. 81 Officially reported. were
--clahSed % - points lower. Sales
s smaller, particularly IN the South
sL Spinner tak.rgs for the week
80 ooy<sl baics. against 325, l5f last
'ssf and 1920 .r 1913
a.. me weekly movement figures % the
~ York Cotton Ezchanee follow:
~ receipts, 900 001 bales, against
49,, 'ssi year. overland 10 mills and
ssshaaa, S8Asl, against 3l.7i0 last year;
- 'lffh miu 'aklngs. estimated. 49,
~, against 10000 last gear; gain Of
49, 49, % Interior towns. 12,C2b, against
81 last year, brought into sight for
Nssk. ls5.lig. against 5f2.l39 last
AZ iotal crop Increment: Port re-
~ 1'4elhlI. against 3.heG, GS7 last
80 overland - mills and Canada.
LII against 3G5Hg5 last year.
,,..ss..hrrn t0ill takings. EG0. 900. against
,,-yt>'l last year; stock a Interior
1nas IN s1esss Of Agarst ]. eO2 455.
ss'hit l,0O5,75i last year; brought
- nght for The season. g,ZO0. bS9.
'xslnsi e,o52. 100 last year.
E>Sge ~ prices: