New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-29
COTTON SALES WAIT
ON GERMANY'S
Crop Report Uncertainty Helps
Hold Market Quiet Slight
Gain at Close.

The cotton market was quiet again
Yesterday Liverpool was closed and
will remain closed to-day while the
local market Viii bc closed on Monday.
when both Liverpool and New Orleans
Will bee open. and few traders seemed
disposed 90 undertake. fresh commit
merts under such conditions. The dis
position 20 even UP rather than 10 eX-
tend outstanding engagements was
probably promoted by III impression
that the German note might possibly
be received before the reopeninc Of
he market here on Tuesday morning
and trading may also have been re
s-ricteG By uncertainty as 20 the exact
showing o. the governments crop re
port. which is due a. noon on Tuesday.
Three private crop reports were pub
rshcd during me day. bat seemed
nearly enough IN line with eNpecta-
tious 90 create 10 fresh sentiment Of
stimulate business An early advance
was followed by reactions. however,
and The market closed steady at a net
gam o. only 10 points.
There was little scattered realiz-
iug at the opening and first prices
Were 20 points lower. but the
market soon s:eadied on renewed Gov
er.ng for oveY the weekend and re
ports Of TOO much rain in some sec
Mons Of the belt. The nrst OF the
private crop reports 90 be published
showed q decrease OF 1874 per cent IN
acrcagc and made thc condition SO.4
per cen. which may have been rather
disappointing 20 some traders VINO had
been considerably Impressed by The
favorable showing o. the last two
weekly report nf 're Weather BI-
reau. while prices were also influenced
lv thc detailed weather reports for
che day showing heavy general rains
iu central and eastern belts and
southern sections 81 the western belt.
Atter showing nee advance o. about
10 points. however. the market
turned easier under realizing. ana a
second crop report making the reduc-
non % acreage 1871 and the condition
s2q per cent. but business continued
very Quiet. and after reacting 20 about
Thursdays closing figures The market
showed ilttle further feature. The
week end figures made rather a bear
i-h impres sion on sentiment. but
Southern spot markets were generally
unchanged. one point reporting an adj
vance Of > points. Exports for the day
were rN.-,i UG4tr. ana LOT +llt NtHA
footed up '59.3lO bales. against 92.362
bales for The same Wceh last year
The visible supply OF American cotton
en0wCd q dccrca @ Of 7O.ss0 bales.
against decrease Of gS.545 bales for
the same week last year. making the
present visible supply Of American
cotton 4G7o956 bales against 2,S02,6i ]
last year. = private crop report issued
after The close Indicated a reduction
Of 1913 per cent 10 acreage and placed
the average condition al. Sl3 per cent.
The weekly movement figures Of the
New York Cotton Exchange follow:
Port receipts. 76,s79. against 65Sl-
last year. overland 10 mills and Can
ada. i6.303. against l4.549 last year;
Southern mill takings. estimated.
10000. against 10000 last year; loss Of
stocks a. interior towns. 1862, against
3D. .2aO last year; brought into sight for
the week. 1850. against lS.O1 last
year. Total crop movement: Port re-
ccipte. lO.314.&Os bales. against 1880.
AL last year; overland TO mills and
Canada l.O10.26o. against l.l33.659 last
year: Southern mill taklngs, 2,592.s6',
against 2.174.796 last year; stock at
iutello towns I'm excess Of August J..
4s7SG1. against 126592 last year;
brought into sight thus far for season,
1I525.324. against l4,4974oe last year.