New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-04-10
COTTON RECEIVERS
FROM EARLY BREAK
Market Closes with Net Gain of
16 to 10 Points on Bullish
Weekend Reports.

The early break i'm the cotton market
was followed by a rapid advance Of
about $3.50 a bale, and the market
closed firm at o net gain Of 16 to 19
points Reports that Southern spot
holders were refusing 70 offer cotton
st declines and bullish showing Of the
weekend figures we're factors in the
late advance, and there may have been
buying on peace rumors. Scattering
long accounts were we'll liquldated on
the early decline. while something OF
short interest had accumulated and a
renewal Of aggressive bull support was
followed by the covering of recent sell
ers when offerings were comparatively
limited.
Weak Liverpool cables, improving
Southern weather conditions, Thurs
davis talk of an easier spot situation
and increasing confidence that prices
were high enough to promote activity
by planters were early influences. The
market opened at a decline of TO Is
points. and active months sold to . to
Is points net lower after the call un-
der a renewal of general liquidation
and scattering pressure. This break
carried October contracts of 10 lOlOc,
or more than 81 a bale below the high
record Of last Tuesday. and the decline
seemed sufficient TO attract good deal
of realizing by recent sellers for a
turn as well as some fresh buying for
long account
The market steadied in consequence,
with offerings becoming less active, and
the advance became rapid in the late
trading, with October contracts selling
ND to 1O48c, or 32 points above the low
level OF the morning. Former prom
uent bull operators were credited with
huviug both here and in New Orleans
ON the advance, and the market closed
within o or q points Of the best.
Private cables attributed the decline
I'D Liverpool TO heavy realizing by old
longs and said that the market there
had also been Influenced by the decline
Iu Eevutian An active demand was re-
ported for spots at the decline he-
ports that Liverpool stocks VIII be
drawn upon by some neutral European
countries were encouraged by increased
sales for export and speculation. SPIN
ners' takngs of American cotton for
the week were $780, 35 bales, against
241OO0 last year, and there was de-
crease OF about 10000 bales IN the
visible supply of American for the
week, against II iVUV ldSl year. DOubh-
ern spot markets as officially reported
were 10 points higher to 10 points
lower. the advance being at Galveston,
while other markets were unchanged TO
10 points lower Exports for the day
we're 1929 bales and amounted TO
Is74-1 bales, against $3.50 last year.
The weekly movement figures OF the
NcV York Cotton Exchange follow:
Port receipts, 2O6,409 bales, against
fo5.734 last year, overland to mills and
Canada. 2S,013, against lIOo1 last year;
coutbern mill takings, estimated, b5,-
900 against 10000; loss of stocks at
interior towns, 1929, against 47869
last year; brought into sight for the
week 248A43, against 1882 last year.
Total crop movement-Port receipts
9.44I2O6 I4.162 added New Orleans,
ecainst 96g9,830 last year; overland
70 mills and Canada. 95,449, against
f.C5i ass last year; Southern mill tax
inrs. 2.267ssi, against 2,494,796 last
Year. stock at interior towns III excess
nj AUGUST I. 70945l, against 3o6'6ol
last wear. brought into sight thus lar
for season. 13,3l9,993, against l3'SVZ'-
745 last season.
Tho range Of prices: