New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-30
COTTON ADVANCES
UNDER BULL NEWS
Aggressive Support Forces the
Market Up 3S Points Above
Thursdays Closing.

A renewal Of aggressive bull support
caused an excited advance in the cot
ton market yesterday. January con
tracts, which sold at 1lS5 Thursday
afternoon, advanced 10 1923, or 80
points above Thursdays closing figures.
The bulls emphasized no particular
feature in the days news, and the re-
vival of support was supposed to rep
resent a feeling that the recent de-
cline Of about 1915 bale from the
high levels Of the season had left the
market where it was again likely 10 be
influenced by the old bullish considera-
tons. Closing prices were 3 or points
of from the best, with the tone steady
at net gain Of 81 20 81 points.
The market recovered most Of Thur8-
days loss at the opening. First prices
were 81 TO 30 points higher on re-
newal OF the buying movement which
had developed late on the previous day
and active covering. Relatively firm
cables were considered an indication
that there had been no Southern sell
ing pressure, Notwithstanding Thur1-
days reports Of an easier spot situa-
tion. The stronger ruling Of sterling
exchange also encouraged the advance.
Spot houses were considerable sell-
ers, and the bull movement also ap-
peared 10 be meeting opposition from
some local or uptown traders. All Of
ferings were readily absorbed on com
paratively slight recessions, and the
market reached the best point in the
late trading, when active months sold
SO 20 3s points above Thursdays clos
ing figures Bull rumors that leading
bull operators were planning an elabo-
rate advertising campaign, and would
insert advertisements in Southern pa
pers on Sunday setting forth their
views Of the situation and advising
planters to hold for Is cents, probably
added to the nervousness Of shorts
Stop loss orders were uncovered on the
advance.
The demand, however. appeared %
come chiefly from the prominent bull
brokers or shorts, and sentiment was
more or less unsettled az the close
with opinion divided as 70 whether the
renewal OF the bull campaign at this
time would bring in another general
buying movement or meet Increased
spot pressure with the advance Of pick.
ing and ginning.
Exports for the week were 196,9s7
bales, compared with 1884 for the
same week last year, when the move
ment was just beginning to assum,
more normal proportions after the dis
turbances Immediately following the
outbreak of the war. Spinners' takings
FOR the week were S39,5S6 bales
against 275,9S7 last year The visible
supply of American increased 125,33I
bales, compared with 247, 100 last year
The visible supply of American is now
3,sjl,907, against 2,570,621 last year.
The weekly movement figures of the
NeT York Cotton Exchange are: Por'
receipts, 259,0l5 bales, against 2s4,444
last year; overland to mills and Can
ada, 40,748, against $3.50 last year;
Southern mill taklngs (estimated)
$4,000, against $4,000 last year; gain u
stocks at interior towns, 70,158, against
1882 last year; brought into sight
for the week, 464,921, against 523,147
last year. Total crop movement: Port
receipts, 2,161,6l (l,45O added New
Orleans. etc., against l,352,91l last
year; overland TO mills and Canadl
1G0.272, against 111,502 last year:
Southern mill takings, 100000, agains,
571 ,8S7 last year; stock at interior
towns in excess of August /, 1885,
against 61s,9s6 last year; brought into
sight thus far for season, 9,490,S57
against 1861 ,2S6 last year
HarRs o. price,.