New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-16
COTTON ADVANCES
9 TO II POINTS
Offerings Were Generally Light
but Rain and Insect Reports
Helped Values.

The cotton market was quiet yester-
dav but ruled frmer on a compare
lively small demand, with the close
steady at a net advance Of 9 TO IL
points.
Liverpool was better than due and
the market here opened at an advance
of 10 6 points, with active months
selling TO points net higher short
" after the call on scattered cover
ing and little local bull support. Ihere
was enough realizing to check the adj
vance around g.93c for October con-
tracts. but nothing more than very
slight reactions occurred, and prices
soon frmed up again on renewed COW
orinp. New Orleans and local buying
which was inspired by frmness in the
New Orleans market, reports OF boil
weevil damage in Alabama and parts
of Texas and apprehensions that II
rains continue in Oklahoma and some
of the central belt districts, crop com
plants might become more general be-
tween now and the compilation OF the
next government repo Buying was
AT no time general or aggressive, but
there were comparatively few sellers
around the ring, and the active deliv-
cries worked II to IA points net higher
during the afternoon October con-
tracts sold at 9.97c or points above
the best price reached toward the end
Of last week, and within points OF
the best price touched on the RAINY
earlier in the month. The close was
at practically the best point OF the
day.
Detailed weather reports showed
-, 10 alabama 4 =
trict where excessive moisture was
complained of in the last weekly re-
view of the Weather Bureau, and rams
were also quite general in several CEN
trail belt sections. Some of the reports
coming in from Alabama state that
farmers are becoming discouraged
owing to the prevalence Of the boil
weevil, and that they are planting peas
between cotton rows, while 1t Is re-
ported that these insects are also do
ing a great deal of damage IN the
Southwest. Otherwise very few COM
plants are being received as to the
progress of the crop, but part of yes
terday's buying may have been based
on expectations that the weekly report
of the Weather Bureau would read
loss favorably. India cables report
fnat tne DItdhlik VI bit liiNaAoNN'A
had a favorable effect, and it may be
that Liverpool was Influenced partly
by these reports, although private
cables reported nothing more than
small offerings and scattered covering.
Exports for the day amounted to over
$4,000 bales, including clearance Of
about $1,000 bales from Pacific ports
to Japan and China. These clear
ances brought the total export move
ment for the season up TO above the
5000. OOO-5ale mark, the figures being
8.OI3,Gl5 bales, against S,788,987 last
wear. Southern spot markets as otil-
cially reported were unchanged to 10
points higher, the advances being at
New Orleans and the Southwestern
markets
The Watkins Bureau makes the ave-
rage condition of the cotton crop on
June 7, rs per cent, compared with
1877 on May %, indicating decrease
of 40 of per cent during the first
half Of the present crop reported pc
riod. The deterioration, according to
this report, is chiefly noted in the
Carolinas, Georgia and Oklahoma.