New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-05-22
COTTON UNEASY ON
RENEWED COVERING
Movement Aided by Talk of
Unsettled Weather-Week'S
Exports 117,057 Bales.

Renewed covering caused a further
advance in the cotton market during
Yesterdays early trading, but the de-
mand seemed to have been pretty well
supplied around 1904 for October con-
tracts, and reactions followed with the
close steady net points lower to
points higher.
The relatively steady showing of Liv-
erpool and talk Of unsettled weather
west of the river seemed to stimulate
the covering movement at the start, and
first prices were 5 to 0 points higher.
There was some realizing which caused
moderate fluctuations right after the
call, but the advancing tendency re-
NAMED in evidence until active months
sold to 10 points net higher. III
tie final covering of May contracts pc
fore trading in that position ended al
midday sent the price up 70 9.52, or IA
points net higher. and 1t seemed that
this display Of strength served to en-
phasize the relative steadiness Of. the
spot situation. There was no general
or active demand, however, and the
action of the market during the after
noon suggested that the covering move
ment had been pretty well completed,
while scattered realizing caused reac-
tions of about 10 points from the best.
The advance in Liverpool was con-
sidered partly the result Of covering
for over the holidays, as the market
there will be closed to-day and also on
Monday, Friday and Saturday of next
week. Steadiness in the stock market
probably helped the early advance IN
cotton, as many cotton traders appear
to be looking to the stocks for an IN
depreciation Of political developments
or possibilities, but many traders feel
that the rally Of about 81 bale from
the recent low level has reflected little
more than covering, and that the week
operations have resulted IN a turther
reduction of the outstanding interest.
The weekend figures attracted no par
ticular attention.
Fvnorts for the week were l17,05I
bales. against 74,87l for the same week
last wear. and with total movement OF
7. s2O.b53 bales some now anticipate
that exporters may take somewhat IN
excess Of eight million bales for the
season, as there are still ten weeks
10 be heard from. Port receipts, how
over. have been falling oil rather
sharply. and at the present time there
Is said to be very little demand from
either exporters or domestic spinners.
Southern spot markets, as officially re,
ported late yesterday, were unchanged
with a very small business. Reports
from Moscow say that the Russian gov
eminent has prohibited shipments
through Archangel of goods intended
for private consignees until further
notice.
The weekly movement figures OF the
New York Cotton Exchange follow:
Port receipts, s5,717 bales. against 3d.
423 last year; overland to mills and
Canada. 23 1893, against 1858 last year;
Southern mill takings, estimated, 49,,
600. against 10000 last year; loss OF
stocks at interior towns. 30,l99. against
| IS .665 last year; brought into sight for
the week, lis, 401, against 1911 last
Total Crop Movement-Port receipts,
10 297. 429 (11,947 added, against H.
| 3s4 .629 last year; overland to mills and
Canada, 1,053,9 65 against 1,l3l .llO last
wear: Southern mill takings, 2,552,Sof,
against 2,744,796 last year; stock at IN
terror towns in excess Of August i,
5O6.473, against 1882 last year;
brought into sight thus far for season,
I4Ai0,754, against 14,4l9.4l7 last year.
| Yesfer-