New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-05
ILUSITANIA RUM0RS
UNSETTLE COTTON
international Uncertainties and
Spot Conditions Disturb
Inactive Market.

The cotton market was not actlys
yesterday, but sentiment was unsettled
b. political or spot market uncertain
ties, and fluctuations were nervous ana
irregular. May contracts sold up 20
l2.l7 during the early trading, or ,
points net higher. but broke 20 100
late in the afternoon and closed a.
1906. The general list closed steady az
d not loss Of from . 20 II points.
Liverpool was better than due and
the market here opened steady AZ net
advance OF points 70 decline o. |
point There was enough realizing 20
cause some further irregularity right
after the call. but setback Of or
points was followed b. steadiness on
covering and Liverpool buying
Active months sold about 2 20
points net higher toward the middle OF
the morning Liverpool was considered
the best buyer on this rally, and after
the close abroad the demand tapered
OF. Rumors OF an unfavorable turn IN
the Lusitania negotiations caused quite
a shdrp furry Of liquidation late IN The
morning. and while prices were steadied
on a break of Q or l0points from the best,
slight rallies were followed b. renewed
weakness later in the afternoon. Tho
unsettled ruling Of the stock market
seemed a factor on The la.e decline. and
cotton traders seemed 20 0e watching
the stocks for an Interpretation Of po-
lIticai news. Much OF the business "as
supposed 20 reflect the evening up Or
scattering accounts pending more def
mite political adyices or some fresh de-
yelopment in the spot Or shipping stu
atoms.
T. seemed that very few reports were
reaching local firms from the South
during the day. There were adyices
from Mississippi which said that very
little spot cotton was Offering since the
decline. and Southern spot markets a.
officially reported were unchanged 90
l3 point. higher On the whole, there
seemed p be "a feeling 10 some quar-
ters around the ring that small lots o.
cotton Offering az lower prices DUB the
South had been pretty well absorbed,
and there has yet been no material
weakness among holder, as whole.
This encouraged some rcac.onary
sentiment, but buying was evidently
held In check by nervousness over in-
tcrnau0ra. affairs. Exports for the
day were 29.627 bales, making 20i,5lo
for the wees. compared with 1927
for the same week last year Spinners
takings for the week we're 32952s bales,
against aolfta5 4hsE year anu tHF ~
be supply o. American cotton de-
creased Asp bales. against an increase
of 12.~5l last year. The presen,
worlds Visible supply OK American j.
4.4GO.O23 bales, against 5,6,S.235 lass
year. Exports so far this season have
been 2.qOs.03j bales. against i,l2i,ZlU
last year and sos. $50 in 1914.
Tue weekly movement figures o. me
View York Cotton Exchange follow.
Port receipts. l59.95S, against i52,45o
last year; overland TO mills and Can
ada. 2I92i. against 30,4lj last year.
Southern mill takings estimated, li5,-
600 against 10000 last year; loss OF
-tocks at interior towns. 1880. against
8s.23O last year. brought into sight for
the week, 239,922, against 5V4.l0O Lass
year. Total crop movement: Port re-
ceip-s, 5,OO5,sl5, against 6,'s3,S6o lass
yeaI overland TO mills az Canada
7i5io5. against 68l.655 at year.
southern mill taklngs. 2,2soOi0, against
l.SO7.Ss7 last year; stock 40 lnterloe
towns in excess Of August /, 74I3oe
a.ains: lOosl7l last year, hrough-
into sight for the season, e,t'o,5'''
against 1911 ,5e9 last year.
Rangs Of prices 49,