New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-04-29
COTTON DEMAND
FALLS AFTER RALLY
Trading Temporarily Encour-
aged by Better View of Inter.
national Situation.

The more optimistic view of interna-
tional politics and relatively firm cables
were followed by a moderate advance
in the cotton market during yesterdays
earlier trading, but demand tapered off
as prices worked back TO about the
high point of Tuesday, and there were
reactions later in the day, with the
close steady, net 1 point higher TO 3
points lower.
Private cables attributed the ad-
vance in Liverpool TO end-month call
ing by spinners, and the spot market
there was fairly active at higher prices.
The local market opened steady al an
advance OF pa . points in response 10
the cables and sold about 5GS points
net higher during the middle of the
morning. Further scattering near
month liquidation was absorbed by
trade interests, and Liverpool seemed
70 be buying little cotton here during
the early trading. General business re-
manned quiet, and after selling up TO
l214c for July, the market turned
easier under realizing. An easier turn
in New Orleans and a little Liverpool
selling helped the afternoon reaction
of SAT points from the high level OF
the morning. Closing prices were at
about the low point OF the day.
A private report issued by prom
inept local statistician during the mid
die of the day indicated an increase or
only 90 per cent in acreage. The re-
ports previously published on the basis
Of replies from Southern correspond
ents have indicated an increase OF
10
age. and Yesterdays figures, compared
rather bullishly with these previous
advices. but evidently failed TO create
any fresh demand of consequence. Scat
tering complaints OF insufficient moist
ure or low temperatures which were
said 20 be retardng termination and
making u necessary to do some re-
planting. also seemed 20 be without any
immediate influence. The trade prooa-
bly, feels that weather conditions dur
ing May will 20 a long way toward
determining new crop prospects.
Exports for the week were 14O,3lS
bales. against 156.9s1 for the same week
last year, and the visible supply Of
American cotton showed decrease of
l15,SSs bales compared with loss OF
97,494 for the same week last year. The
worlds visible supply Of American is
now 1872, 500 bales, against 4,964,060
last year. Southern spot markets, as
officially reported, were all unchanged,
with the exception of Houston, which
was points lower.
The weekly movement figures Of the
New York Cotton Exchange follow: Port
receipts, 1l062l, against 1912 last
year; overland TO mills and Canada. 23,-
74l, against 28,926 last year; Southern
mill takings, estimated. 10000. against
$4,000 last year; loss of stocks at in
terror towns. 24,295, against 26,9s4 last
year; brought into sight for the week.
l20.O67. against 214,67i last year. Total
crop movement Port receipts, Sob
9ss. against l0,0l9 SOP last year; over
land TO mills and Canada, l,020.270,
against 1888, 464 last year; Southern
mill takings. 1926, 900. against 2,662,SoI
last year; stock at interior towns in
excess Of August /, 369.57a. against
6OO.353 last year; brought into sight
thus far for season, IL, 1887, against
l4.307 200 last year.
Range OF prices