New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-27
CROP NEWS STARTS
SELLING IN COTTON
Afternoon Rallies Stop Decline
but Prices Close Several
Points from Best.

There was some further liquidation
in the cotton market yesterday owing
20 the contingent average of weather
and crop news, but the selling was not
as active as earlier in the week, and
prices showed more disposition TO rally.
July contracts made new low ground
for the movement during the early
trading, but a renewal Of trade OF IN
vestment buying checked the decline
Just above Thursdays low prices for
new crop deliveries. Afternoon rallies
carried the list about 9 to IA points net
higher. Closing prices were seyers
points off from the best under renewed
realizing. however, with the tone
steady. net point lower to points
higher.
The market opened steady at an ad =
vance of points to a decline OF l
point in sympathy with steady cables,
but soon eased off with July selling
down to 1911, and with the general list
showing net declines Of to 8 points
shortly after the opening. 1t seemed
that the heavy liquidation OF the last
few days had left the market in a bet
ter technical position, while there was
little or no selling against actual, and
the appearance of renewed support
around 1918 for October evidently pro-
noted covering. Perhaps recent sell
ers were disappointed that the favor
able crop and weather news was not
bringing in increased offerings, and
there was also a feeling that the more
optimistic view of the crops condition
probably has led to discounting quite
as favorable an official report next weeF
as was at all likely 10 be received. AZ
any rate. the buying became more &C
tive during the middle Of the day with
prices selling about 9 TO IA points
above Thursdays closing figures. TIC
market then met another furry OF
realizing or liquidation and closed .
or 10 points off from the best.
Thursdays rumors that the National
Ginners' Association made the increase
in acreage 1913 per cent and the aver
age condition sos per cent we're con
iirmed by the publication of the report
in detail before the opening. The gov
eminent report to be published on June
| will give only the condition, as the
government will issue no estimate o.
acreage until July |.
Private cables attributed an early
setback in Liverpool to a less active
spot demand and the later advance "a
good buying orders from India. The
weekend figures showed a decrease OF
l06.ls2 bales in the worlds visible
supply of American for the week
against a decrease OF 1909 for the
same week last year, making the pres
ent visible 3,l6f,497, against 4,56S,297
last year.
Southern spot markets as officially
reported were all unchanged except for
a decline of s points at New Orleans
and of &c al a couple Of the less i'm
portant points Exports for the week
we're 127.7i1 bales, against l57.96i last
year.
Weekly movement figures Of the New
York Cotton Exchange follow: Port
receipts. l0l693. against 7s,437 last
YEAR overland 10 mills and Canada,
2Sl55. against 1884 last year; South
ern mill takings. estimated, 10000.
against $4,000 last year: loss Of stocks
al interior towns. 53,649 against ls,-
lI3 last year: brought into sight for
the week 1906 199 against l23,965 last
wear. Total crop movemeut-Po Port re
ceipts, 6.9s0,945, against l0.376,700 last
year: overland to mills and Canada, l.
1853, against 1,ll4,703 last year;
Southern mill takings 3,4l5,OOO, against
2.S62, ss7 last year; stock at interior
towns in excess OF August /, 1898.
against 493, 760 last year; brought into
sight thus far for season, 1892 25.
against 14S4S,050 last year.
Range OF prices