The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-01
NEW RANGE OF HIGH
LEVELS IN COTTON
Further Advance Made on Re-
sumption Of Operations
by the Bulls.
COLD WEATHER IN SOUTH

Buliish operations were resumed in
cotton yesterday. and the market once
more was forced to new high levels
with October touching 1850. makes
makes an advance OF l65 points since
March 2. the date OF the announcement
Of the British blockade Of German COM
nercc. Around present prices. which
represent an advance of So "A bale. sem
,imcnt is almost universally bullish and
attention is being freely called to the
new features OF consumption which have
been injected by the war
In the opinion Of conservative mem,
bers OF tho trade the present level has
come pretty close To dlscounting many
Of the bullsh features. This at least
Is the opinion of the editor OF the Cot.
Ton aud Cotton on NstCs, which In It's
issuc OF March 90 says:
I'VE are of the opinion that all bullish
features In the market have been amply
discounted for the present and would
advise against following the advance
In cotton further at this time. The very
backward spring and the present price
~ cotton. together with European war
uncertainties. make tho market haz-
lrdous one. The acreage proposition is
also a very uncertain one at this time.
with all the lights before us we would
advise extreme caution at this time
and would advise liberal selling OF spots.
We are not bullish at the top OF the
hin"
Regarding the acreage outlook and
me decrease IN the use OF fertilizer, the
trade seems to have taken for granted
that the present outlook will remain un-
changed. notwithstanding the temptation
10 plant freely and to fill ample require
ments for fertilizers. 4 local brokerage
firm, yesterday received Il telegram from
an official Of one OF the largest fertilizer
concerns stating that sales thus far this
spring had fallen of about % per cent.
but recently the demand had increased
materially.
Considerable cotton was bought on the
influence, of the forecast Of cold weather
over the eastern belt. Freezing weather
was predicted for the Carolinas. Georgia.
Alabama and Mississippi.
One feature which has been in favor
Of the bulls is the unwillingness OF
Southern shippers TO sell short with
view To- deliver cotton on contracts
There il still SO much uncertainty over
the operation of the new cotton law that
the normal functions OF the exchange
nave been greatly restricted.
Liverpoors stock OF American cotton
IS now l,lav UUU DdItS. tItlIlsl l,Vlf'NVN
asst year and l.09a00O two years ago.
The New York and New orleans
market will he closed tomorrow on ac-
count of Good Friday and Liverpool will
rcmain closed until Monday.
Futures closed steady.
Omen HI Oh Low. Clos Prev.
A.. ing. es est in:'o do'e, 20
July 80, 1908 1913 100 ioosai6es ss;d s?s
gEs. 10 a. q 10 10 10 @ 10 -
osee%b,r iC S ic5i 10 5@iS,S 10 iSaiCi
Jsuuar, 10 50 1911 10 So 10 slGlc.c2 lo52q 10 70
bid
spo; cotton at New York was quiet.
- points advance. MiddlinE, esOc
southern spot markets We're higher. 10
81 - points advance. with New Orleans
O6C.. Galveston 9.35c., savannah SIsc.,
Houston a.50c,, Augusta &c. and Mem
phis s.n1c.
The New Orleans market closed
steady. Prices were.
Omen, n gh-LoS- Clos Prev
Nay ..... sta s5l ~ o"a 10 s.s;I 3 IS
July ..... af; gU SI rGSd . - o. ott 9ii
October. 1901 iol 1000 10 oidl"r5 se"a 9s7
December i1l7 70 % lol' 10 -c1lo.-i 10 i2p 10 u
The Liverpool market opened quiet
There was more inquiry business in
spot cotton, with m!ddinS I points
advance at 5.52d. Sales. 5000 bales /;
receipts, 5000 bales, including 22,70o
American.
Prices At Liverpool closed firm.
Open Hish. Low. Clos Prev
lng r~t csi. IN Clu-'
Nay.Jun- ..... .Wi. 50. so -a,s. q 7si.
July-Au ...... 5.I.i. 5Sa J5.ia Co. 81. 70 4
Oct Nov. ...... s.tS So S.GN . vi. iia =:
an. FEB .. ..-5is $50 a7s'g SO 90
Mar. Apr reese. 80 81 .ss ,yi'- Noia
Eleven 4. NJ bids TO Liverpool were
May, 9.7sc. July, 1906; October,
lO.37c. January, l0.60c, Tho market
'Aere Us due to open to-day unchanged,
10 point advance
Receipts and stocks were
Re Last Last
"elpts. year. Stock year
Galveston . 1854 $685. 1871 al .sS bsf
New Orleans II 60g 3si 3SlS.s l,j -.
savannah, $780, t-iG 1871 ~ 20 tSt
Charleston. Il, n 347aA II, V
Sorfolk...... lsil Es Hs,% 70 67l
Vmiugton.. i-lo 3S3 47iOl Il "a
Iublle........ 2s3 so AGl 20 ll