New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-12
COTTON NERVOUS;
LOWEST AT CLOSE
German Attitude Toward Armed
Merchant Ships Blamed for
Disturbance.

The cotton market was rather ner-
vous and unsettled yesterday, with
fluctuations irregular. May contracts
sold up from 12.i5c to 12.25c, but cased
off again, closing at l2.ltc, and the gen
eral list closed barely steady at a net
decline of to 13 points.
Relatively easy cables and nervous
ness over shipping conditions seemed
responsible for an opening decline OF ,
TO points. The more active months sold
Z 10 points net lower right after the
call. There was renewed covering on
this decline. while there appeared TO be
support from some Of the Wall Street
interests, and prices rallied, with the
demand encouraged by the larger ex-
ports and reports OF steady Southern
markets. After selling back TO about
or shade over Thursdays closing fig
ures. trading became very quiet and
the market eased of in the late session
under "A withdraw of support, scat
tered realizing and some local selling
on rather smaller spinners' takings for
the week than expected. The close was
at the lowest point Of the day.
The report concerning the attitude OF
the German government toward armed
sponsible for the nervousness at the
start. There was evidently feeling
that this might introduce some fresh
complications into tho shipping sltua-
ton. or possibly into international re-
lations. Some of the local spot people,
however. after talking with ocean
freight and insurance interests. said
they expected no immediate change in
D.. ofssr
The day served to confirm the recent
talk Of an improvement Do tho amount
Of available tonnage. Az the same
time. there we're reports that the
freight situation WPs SHOW ing renewed
frmness and that brokers were again
asking = rate Of s. a hundred out OF
New York, although no business had
been placed since the reduced rate OF
$3.50 had been paid. II was thought
POSSIBLE that some room might be Sc
cured at 1918.
Exports for the day were 65.SlS
bales. making 200OIl for tho week, and
should clearanccs continue at this rate
IL would mean much larger exports for
tho season than traders have recently
expected. The worlds takings o. Ameri-
can cotton for tho wcck were estimated
~ 325.1SS bales against 3eEl.o last
wear. making total takings OF American
of 1.TgS. $50 so far this season. against
6.S12.G5S last year. To-day Will be a
holiday In the local market while Liv-
crpool and New Orleans will be open
for business as usual. Southern spot
markets as Officially reported were un-
changed. with the exception OF an ad-
vance Of lac a. Wilmington and de-
cline Of points az Houston.
The weekly report Of the New lorN
Cotton Exchange follows: Port re-
.ccip.s. 154.q90. against 4l763l last
wear: overland TO mills and Canada,
aO.sq9. against 42.ll2 last year; South
crn mill taking ,esiimsted), $4,000,
against 10000 iaet year; loss OF stock
AT interior towns. 42.s45, against a.
$50 last year; brought into sSht for
tho week. 24S.Of4, against 495.ss3 last
wear. Total crop movement: Port re
CENTS. 5.I60405, against 49, .491 last
wear: overland to mills and Canada,
766.Og4. against 723,7S7 last year;
Southern mill takings. 100000, against
l.SS7.SS7 last year; stock at interior
towns i'm excess Of August !. lO4,924,
against 9S4,3ll last year; brought into
sight thus far for season, s,O26,423,
against lO,907 ASP last year.
Range Of prices: