New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-09
COTTON PRICES
GOING LOWER
Unfavorahle Weather RepOr,
Again Sets Market Back
Eleven Points.

The cotton market showed further
irregularity yesterday, with trading
less active and sentiment as TO the
nore immediate course Of prices some
what unsettled The failure Of IN
favorable weather reports 20 create a
more active and aggressive general de-
mend probably strengthened expecta-
tions Of q reaction, but declines met
considerable support, and after selling
of from 1888 TO 1857 January rallied,
closing at 1878, while the general list
was finally steady at net loss Of only
3 TO III points for the day.
The market opened az an advance OF
. points 10 decline Of & points near
months being Influenced by relatively
firm cables, while later deliveries re-
flected disappointment that the weather
map did not show the expected killing
temperatures. Near months also eased
of right after the call, but the official
forecasts for frosts tonight in several
sections in both the Eastern and West
ern belts were followed by renewed
firmness, with active months selling
about 7 TO s points net higher during
the middle OF the morning. As the
buying set in motion by these weather
predictions slackened offerings again
increased, and the market broke rather
sharply during the early afternoon,
with the active months selling some "
TO lG points under Thursdays closing
figures, under reports that Southern
growers were offering spots more freely
and that spinners were holding on,
owing TO the unsettled ruling OF fut-
ures. At the decline, 70 1852 for De-
cember and 1922 for March, the mar
ket was steadied by covering and re-
newal Of bull support, with last prices
showing rallies OF or points from
the lowest.
Excep: for reports of rather freer
Southern spot offerings, the news from
the South showed very little change,
and even IL weather conditions were
not quite as unfavorsble as expected
they appeared to be against the devel-
opment of the crop. Warmer weather
was predicted for the Western belt to-
day, however, and some Of the local
map readers said they thought il i'm
probable that the temperatures would
be any lower last night than they were
on Thursday night in Oklahoma, when
| a minimum Of SO degrees was reported.
The impression was, consequently, that
the cold wave might pass without any
material frost damage from low tenn
peratures, while bears or reactionists
are doubtless counting upon greatly in
creased spot offerings should there be
two or three weeks of favorable
weather for picking and ginning Ex-
ports for the day were 2l,56l bales,
making 7,49l so far this season,
against 1,4l3,375 bales to this date two
| years ago. The visible supply Of Amer
! lean cotton increased 222,S99 bales for
the week, and is now 3,379.023 bales,
comparing with 1,S7s,737 last year and
2,l96,b4s two years ago. Southern spot
markets as officially reported were un-
changed 10 10 points lower.
The weekly movement figures of the
New York Cotton Exchange follow:
Port receipts, 29l .039 bales. ngains,
ls5, $3.50 last year; overland TO mills and
Canada, l0,S70, against 1881 las year;
Southern mill tskings (estimated), TO-
600, against 10000 last year; gain OF
stock al interior towns, S2,47l, against
90, 1913 last year; brought into sight for
the week, ass, $50, against S46,6lO last
year. Total crop movement; Port re-
eeipts, 1,3Ss,Ssl (Ie.6l6 added New Or