New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-12-08
COTTON ADVANCES
ON FOREIGN BUYING
Sentiment on Census Report Ex-
pected To-day Puts Ginning
at 100000 Bales.

There was a ehsrp early advance In
the cotton market yesterday, with prtest
making new high ground for the movs
ment on foreign buying and a broader .
ing demand from commission hosse
sources A good deal OF reslising vas
encountered around 1896 for March. or
about 500 bale, above the low level
OF last month. Prices later/sssed 5h.
with the close barely steady at q net
gain Of from 70 9 points.
There was nothing in the days news
or in the talk around the ring TO sag-
gest any change of sentiment on the
probable showing Of the census ginning
figures expected az the opening this
morning. Uncertainty az 10 the exact
reading Of both this report and tho
governments estimate on Friday pro-
NOTED the tendency 20 take profits
Otherwise the market seemed under no
particular pressure, and trade interests
were buyers on the afternoon setback.
The market opened firm AT an ad-
vance Of 10 10 10 points, which was not
y full response 70 strength in Liverpool.
There was enough realizing to cause
slight reactions right after the call.
This led 20 a further widening or the
differences between New York and
Liverpool, and evidently attracted heavy
buying here by Liverpool TO cover the
short end Of straddles in January con-
tracts. Part Of these purchases were
resold in the later deliveries, but the
near-month buying was heavy enough
% suggest some reduction In the strad-
die interest. while the offerings OF the
later deliveries were readily absorbed
by a broadening OF general demand
which carried active positions about 10
70 II points net higher. After the
close OF Liverpool the buying became
less active and the disposition 20 take
profits increased, with closing prices
showing reactions Of or 9 points from
the best.
The report Of the Census Bureau,
which Is to be published at the opening
this morning, will show the amount OF
cotton ginned prior 10 December l. Ac-
cording TO rumors circulating here tow
ard the end Of last week. private re-
turns have indicated ginning OF
about 900. 900 bales. Talk In trade
circles yesterday suggested that an Of
fetal report Of around this figure up
TO about 100000 bales was expected.
The steadiness Of the market after an
ADVANCE OF huOuh % " W p1lhAo AlVhi
the low level OF last Friday suggested
that the trade was either fairly conf
dent OF a report close TO ttsse fore
casts or feeling that n variation one
way or tho other would exercise an in
huence on the market.
Southern spot advices indicated con-
tinued frmness, and bullish sentiment
seems 10 be based largely on a belief
that there Is adequate incentive to carry
any temporary surplus in supply, and
that foreign requirements must be
gradually filed at prices satisfactory to
present holders. Southern spot mar
kets. as officially reported, were un-
changed 20 13 points higher, with a
fair volume OF business. Exports for
the day were 2,Ol3 bales, making l.
S97 ,539 80 far this season. Spinners'
margins in Manchester are said to be
improving and Liverpool spot sales were
heavy yesterday, although it Is said
that only a comparatively small proper
ton Of the stock now held In Liverpool
Is available 10 fresh business. Range OF
prices: