New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-15
COTTON PRICES
STEADILY DECLINE
Steady Cables, Rain and builiSh
Census Report Fall to Adj
vance Market.

The cotton market was less active TO-
dev and turned easier after the opening
odvonres with the close barely steady
~ a net decline OF from 2 20 IL points,
active months being generally III 70 IL
noints net lower, Prospects Tor petter
weather In the South and tendency
70 somewhat modify the more ouliish
WOW of export requirements propaoly
accounted for some Of the reactionary
sentiment around the ring, while the
failure of declines 20 bring In more as-
gressive bull supp { douotiess en-
couraged some scattered local seii'"s
in the late trading. 1900,
A bullish view OF the census rePoi1
on supply and distribution, reIatlveIy
steady cables and reports OF iur'her
rains east Of the river inspired some
demand at the opening, ana hrst prices
were 8 TO 10 points higher. any re
naming nervousness as 10 the eHeSVo
~ Wednesdays court decision IN tne
o+a.,'s 81 the contract was removed by
an official notice stating that the board
of managers contemplated no chahge
IN ,he bylaws or trading rules aHecl-
ing the contract, and part OF the early
buvinq probably represented covering
nv sellers of Wednesday afternoon
Otherwise, however. the demand was
limited and prices soon turned easier
under scattering Wall Street, local ana
Southern liquidation. The southern
ceiling was accompanied by talk OF IN
creased hedging, which may nave had
some effect on sentiment, aIthough 10
cal spot people reported they were re-
ceiying few or no orders OF tnat oe
scription. After selling about 70 l0
noints net lower the market rallied :
or s points on covering, but weakened
soain in the afternoon and closed at
the lowest point Of the day, with Janu-
airy selling around l2.6oc.
The prospects that Great Britain may
extend the embargo now placed on
shipments of raw material 70 snip
ments Of cotton goods suitable lor
aeroplane construction attracted some
comment during the day, particularly
among those who are inclined 20 ex-
nec. the seasons exports to run under
bullish expectations. Exports yester-
dav were small, amounting 70 only H.
300 bales, making 9l9,4l2 so far thus
season. and while this compares with
only 2sl .9O6 bales 20 the same date
last wear il shows a light movement as
contrasted with the l,6si,s53 bales
cleared 70 this date two years ago.
The census report on supply and DIS
tribution, however, was In line win
bullish estimates as 20 the require,
ments of domestic mills, as Il placed
domestic mill consumption for septem-
ber AZ 55e.s50 bales. including linters,
against 52O.3s5 last year and 4i2,6Zo
two wears ago. Consumption OF linters
was placed al 81 .43l bales. against ~
7G4 last year. and it is stated that pur-
chasing agents Of the Allies are buy
ing up linters throughout the South
demai.d being so active that prices have
advanced fully two cents pound dur
ING the last week. Very high prices
also are being paid for cottonseed in
the South, and at present prices Tor
lint cotton il is believed that Southern
planters must be securing very proht-
able return on their investment this
season. The board OF managers OF the
New York Cotton Exchange has APP
proved amendments 20 the bylaws,
which are 10 be considered by the mem
bers on Monday. October %, and which,
IL adopted. would curtail the privileges
OF aliens elected TO membership after
November !, 1915. Range OF prices:
Ie-feY-