New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-18
GINNING REPORT
CHECKS COTTON
Census Showing Record Linters
Crop One of Many Factors
Retarding Market.

The cotton market was less active
yesterday and fluctuations were irregu-
lar. The days news presented rather
conflicting influences and a tendency
by recent Wall Street buyers 10 tax.
profits for over the week end seemei
largely responsible for declines when
lett the market steady az net loss o.
20 - points for the day.
Opening steady at unchanged PRICE
20 a decline Of points IN response u
rather disappointing cables, the markct
sold about 10 . points net lower rignl
after the call. Private reports that tn
coming Egyptian acreage would sho"
an increase OF 80 per cent may nave
had some influence on the decline, aa
they were accompanied by some selling,
but the figures seemed too big ~ be
generally accepted.
The census report showing record
breaking crop of lnters was another
early feature which appeared 20 DE
against the market. but the supply OF
lnters was obtained from a compare
lively very small amount Of seed. II
was considered doubtful that the hg-
ures had caused any material change o.
sentiment as % the showing or the
final ginning report next week. Al any
rate. the market steadied shortly after
the call. and prices worked back TO
about the closing figures of Thursday
on more optimistic talk of peace pros
poets. bullish Southern spot advice,
and the outlook for continued dry
weather In the Southwest Droutn
complaints were again accompanied by
predictions Of increased acreage ~
seemed that recent Wall Street buyers
were taking advantage Of bulges TO Sc
cure profits, and prices broke again
during the afternoon. with July sell
ing off to 1907 and closing at 1909.
There were one or two re orts, one
Of them from Savannah. claiming that
spots were slightly lower iu the in
terror. Il was reported that q few sell
ing orders were around the ring from
Augusta, but there was nothing other
wise IN the news 90 indicate anything
but steady spot situation. Sentiment
seemed to be fuctuating between the I'M
mediate steadiness of the spot markets
and an impression that they might
turn easier after the Alling Of Marcel
commitments.
Sp.nuers' takings Of American cot
ton for the week were 3lo,505 bales,
compared with 443635 last year, leav-
ing worlds visible supply OF Amen-
can Of 1897 $3.50 bales. against 1882, 500
last year. Exports for the week were
9S,46l bales, against 25452o last year
and so far this season have amounted
TO 3. 1855 ,9s5, against 6.155.lls last year.
Southern spot markets as officially
reported were all unchanged except for
an advance of 3 points at Mobile and
decline Of one-eighth at Savannah. The
quotation for middling cotton at Sa-
yannah has been relatively high.
The weekly movement figures Of the
New York Cotton Exchange follow:
Port receipts. 9705l, against 226,3G-
last year; overland TO mills and Canada,
3I.733, against 1888 last year; South
ern mill takings, estimated, 10000,
against 10000 last year; loss Of stocks
at interior towns, 23.67S, against 29,O53
last year; brought into sight for the
week. 1896. against 300 400 last year.
Total crop movement receipts.
5.S24.4l3, against S.756s5S last year;
overland 20 mills and Canada, 0,09l,
against ssT,55S last year; Southern
mill taki1Cs, 2,9f5000, against 2.25i.-
ss7 last year; stock al interior towns
in excess Of August !. 81 $50. against
s3I,l7S last year: brought into sigh,
thus far for season. l0.20l07O, against
I2,736,fSl last year
Range Of prices: