New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-06
COTTON STEADIER:
TRADING ACTIVE
Worlds Visible Supply of Amer.
lean Stock Now Put at
3,9S6,9S1 Bales.

While the cotton market showed
steadier tone yesterday. early advances
were not fully maintained and senti-
mont remained unsettled. January con-
tracts sold IN TO l1slc during the
morning, or $3.50 a bale above the low
level OF the week. They closed at life.
with the general list closing barely
steady at net gain Of only 3 to 5
points. Trading WAS moderately active.
and the talk around the ring after the
close reflected uncertainty as 10
whether the rally had reflected the IN
huence OF relatively firm spot markets
and some improvement in trade demand
or had merely resulted from a natural
disposition 10 cover short contracts for
over the week end and the ginning hg-
ures expected on Monday.
The market opened steady NJ an adj
vance OF 10 points in response 90
relatively firm cables and sold about II
to II points above last nights closing
igurss during the morning. There was
considerable Liverpool buying and also
some trade demand. believed 10 be
against spinners' calling. The bulk Of
the support probably came from cover
ing Of shorts. and buying OF this sort
was stimulated by the absence of hedge
selling OF other indications Of easier
spot markets. Around l2.12c for March
and l2.26c for May the demand tapercd
of and prices lost some 10 or II points
OF their gain during the late trading.
Private spot advices fom the South
were conflicting. One report received
from Texas said The country was loaded
NTH opI f,ttt q
that further decline Of 80 or 70 points
would demoralize holders. Other adj
vices said there was better inquiry
from exporters and that spots were
hard 10 buy in the interior. Lac I'm the
afternoon there were reports Of bet
ter demand in the Memphis territory.
Liverpool reported that contracts were
becoming scarce In that market. While
there was little Southern selling here
early, offerings from that source were
not large enough to indicate any mate
rial pressure of actual, although sun
plies are accumuating rapidly in the
interior The stock at the counted in
terror towns is now more than 100000
bales, having increased nearly 100000
bales during the last week Moouwhile
the movement 70 the ports is falling or,
owing 20 the small export demand.
Bearish sentiment is based largely
upon feeling that In spite of easy
money conditions Southern holders will
find il difficult TO maintain their posi-
ton should there be no improvement In
the movement aboard.
SINNERS takinPs for the week were
40,603 bales, against 311,lS4 last year
and 1892 in 1913. The worlds visible
supply of American cotton is 3.9S6.9Sl
bales, against 2,S26,s32 last year. EX-
ports for the week we're 1888 bales,
against 12S.6l3 for the same week last
year. Southern spot markets, as Off
cially reported, were unchanged 10 10
points higher, generally unchanged.
The weekly movement figures Of the
New York Cotton Exchange are: Port
receipts, 231,177 bales, against 329.51S
last year; overland to mills and Canada,
48.736, against II, 096 last year; South
ern mill takings (estimated), 100000,
against 10000 last year; stock at in
terror towns gained 9596i. against
81, $50 last year; brought into sight for
the week. ASSIST, against 567, 1875 last
year Total crop movement: Port re
ceipts. 1892, 79i bales, against 1852 429
last year; overland TO mills and Can
ada. 209 .O0S, against 1882 last year;
Southern mill takings, 100000, against
6s2.ss7 last year; stock a. interior
towns in excess OF August, 564,9o2,
against 7l0.56S last year; brought into
sight thus far for the season, 1856, 1874,
ageinst 3,228,lsl last year.