The Anderson intelligencer. [volume] (Anderson, S.C.) 1914-1917, 1915-01-01
e. numerical and Financial
Weekly Cotton

Weekly Cotton
NEW YORK, Dee. 31.-The cotton
market was comparatively quiet be-
tween the holidays. After making new
high ground for the movement early
In the week with May contracts SELL
ing 81 per bale above the low level
reached shortly after the publication
OF the governments crop estimate, the
market met considerable realizing
and more Southern selling. Reactions
were limited and there was sufficient
investment buying on the setbacks to
promote generally steady under
tone. although the demand from
houses with foreign connections was
less in evidence.
Some Of the selling on the early
week Pdvance seemed to be promoted
by predictions that after the filing OF
December engagements the spot de-
mani In the South would slacken and
the rather freer Southern selling was
taken by some as foreshadowing in
creased pressure from the huge avail
able supply. The failure OF Southern
spot offerings to become heavy enough
to cause sharp break in prices be-
fcre Christmas. seemed to have made
all impression on sentiment and mucl.
telk around the ring reflected more
optimistic view OF. prices. That ten
dency has been supported by reports
Of improving trade In the domestic
goods markets: expectations Of con-
tinued interest on the part OF export
ers. and Southern reports that much
cotton had been abandoned In the
fields owing to it's low grade and the
unsatisfactory market. ~ y
1t appeared also that the first diff.
ferences fixed between the government
grades aa applied to deliveries on jan
uary. tended to emphasize the stricter
requirements OF the officialt grading
and promote confidence In the value OF
the new style contract while /. Is re-
ported that some OF the consigned cot
ton reaching here's recently swas In.
clined in. this weeks > clearance. OF
about $500 bales for Bremen.
NEW ORLEANS. Dec. 3i.-The cot
ton market this week closed, on fu-
lures. to IL points over the closing
prices Of last week. EARLY In the
week there was rise on fresh buy
| Ing but later there was q reaction un-
der liquidation and some little short
selling based on the idea that the ad-
vance had gone far enough for the
time being. So
The chief steadying influence was
the coh tinued, good demand for spots
in the interior and the frinnesn Of
spot holders. Another bullish influ-
ence was the report that American
mills were booking heavy orders for
igoods for use by the armies 'of Eu--
| rope. tt. a. - gF ssS,i'is;;
The New Year in the market viii
open with the trade generally looking
for aa Improvement Next week It
will be difficult tor hold prices down
| II there fs no break IN the spot de-
fnapd.p and favorable. reports 4. come
from mill centers. S;G..i 3
Professional traders will watch In
yestment buying carefully and IL It Is
In sufficient volume to take care OF any
considerable portion Of the CROP The
long side will grow in popularity.
There is growing sentiment that the
lowest prices Of the season already
have been seen but against this Is the
opinion OF another element that the
| pressure OF the movement during the
first few months OF 1915, will send
values to new low levels.