The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-24
COTT0N'S ADVANCE
HALTED BY SELLING
Fluctuations in Range Of 20
PointS-Gain at Close
To / Points.
CROP REPORTS BULLlSH

f. .ii 90. jh" fact that cotton prices
,~e.i,rlu, showed a 90 point range Of
,,rtul,tpa .u, ',t change in values at
no GA. ms amounted to only an advance
,t. to Z points. TN" opening was some.
ain, .rtlN'i. and very Glossy on Il
nr,, Vin t.c previous days closing.
Tho dtN business on the whole was
a, good p.uport,o-s. with trading quite
broad aud tc'.v At one time the mar.
~, showed net adyanc, Of about 10
,ol,,. but ru strong spots considerable
selling developed fium local sources.
N.,,r.H,l,.- 'h"', amp AIRED to be "A
strong uuy.ug power underneath the
,,,r,,' ,fI ,r an reactions during the
p,rr.r.s offerings wer easily absorbed.
T. WIS estimated that 10000 bales of
orc ur,,on and corsiderab . selling from
Live. "a, o. taken care Of during the
t-,' HoUr.
IT,. publication Of the western belt
mrocts, fol unsettled weather probably
telrcl 'p steady the market during the
gr'v % n.IU,. while on the other hand
r,puris that some hitch In the negotia-
ions look.ar toward the completion OF
lie |||Ef |'.f.AN l''fhN may llhN' bIblRhl
about 90 uttered Liquidation II is bell. we'd
r. well informed circles that the south
= greatly Interested In this loan and
That 40, p~.ubahilit many Of the
tanh, % that section will participate in
The Aultt'fon. The only precipitation Of
Consequence took place in Texas and
Oklahoma. where loca' showers and
'hulu,n storms WS'" reported. AT sew
ssl points the rainfall was important.
crop estimates from the South are all
m favor of the hullish position of cotton
and perhaps the greatest incentive 60
The belief 100 higher prices is occasioned
b. reductions In the estimate of the sea
sons uutturn. The Commissioner of
Agriculture Of the State OF Texas pre-
diets that the crop in that State this
year viii not be in excess of 5000, 900
bale This estimate is based on reports
Irum field agents, after personal inspec-
ton Many uf the bun leaders do not
believe that the total Cor the entire belt
vii b, more than i2.0o0. 600 bales.
From % technical standpoint the mar
H. - believed to bo in a fairly strong
Position. Ou all sharp advances selling
D. holr-h operators is noted. the basis
~ this action being the large advance
which hats already taken place without
ru'b setback Of importance. This
rak,s FOR technical strength, especially
when 70 is remembered that a great deal
q long liquidation from small holders
b. passed into strong hands.
T. wLs reported hat New England
|sp.HUnrS sad bought yesterday for the
frs' time this season more cotton thar
a. amy Other date this year In view OF
I've fact that ON every slight decline sup
rNrf Yp.Y4T1 "a TIN. nN.rLas IL - tb,
judgment OF spot people that on any
good break American mills would GER
'yuly enter IN" market as large buyers.
Tie great Improvement in the price Of
C.''ou which MAJ been recorded in the
.I.' few " "Ns has also influenced sharp
s0yt.c-> 100 the price OF cotton goods Of
different character. Northern mills as
a rule had been expecting lower levels
AMI Will" they were II stocked with
cotton earlier In the season, they have
ro' appeared a buyers around present
r#atg