The sun., 1916-11-25
COTTON CLIMBS To
NEAR ITS HIGH MARK
December Notices Arc Stopped
Promptly and Liverpool
Tone Is Better.
SOUTHERN SPOTS FIRM
Good Demand From Mills.
While Takings for Russia
Bolster Prices.

Cotton prices resumed their upward
climb yesterday after two days OF Owl
Watd tendencies. Tho advance was from
20 10 SO po,nts. with the market CHAR
acteris<d as strong. Last quotations
we're practically the best Of the day. and
more buyers than sellers were in the ring
at the close.
Yesterday was the first notice day for
delivery on December contracts In New
York and New Orleans. All notices In
both markets we're promptly stopped.
About 10000 bales were rendered In
New York and as many in New Orleans.
Ono house ID credited will absorbing
most Of these notices. the cotton being
purchased for foreign account. A menu
her Of the Arm said that the staple Will
not be r~etendcred IN contracts.
Liverpool reported a favorable market
with near months down one point and
distant options IN n point at the OPEN
tns. while the prices had been due to
rome G., to s points down. \ cable
stated that short covering and trading
buying absorbed all further liquidation.
Tho New York market was steady at
tSA opening. with December s points
down, October 4 points down. n the
other active months ? to 6 points higher.
bot houses, Southern interests and
room traders were buyers. the sellers
being representatives OF commission
houses and Liverpool traders. A good
demand came from mills.
During the late morning prices de-
cNned q to 10 points from the best on
literally offered contracts. purchased on
declines Of the last two days. The easy
SPOT aid not last long. as news that
cotton had been taken up In New York
and New Orleans for shipment to Russia
brought fresh confidence to tho bulls.
On this bulge cotton sold back to 2o.36
for January n 20.15 for May. 36 IN
- points net higher.
Spot houses furnished most OF the de.
Hnand during the late afternoon. while
many commission houses were quietl,
taking profits. Futures were less active
and business was comparatively narrow
but tSe tone continued Arm.
II wae reported from many sources In
The South that practically every bale tc
6e had il held at 90 cents and better
Yesterdays buying here was charac.
terised by many traders rs substantial
and to a large extent for trade interests.
Exports for the day were $685. bales
making lcS.513 for the week. agains
$3.50 for the same week last year
Mports 30 far this season show an in
crease Of more than 100000 bales Owe
hN years figures. S%pinners' takings o
American for the week were 1851
0al<s n the worlds visible supply o
American increased 1853 bales for tn
week. against an increase Of 67.e&'
bales for the corresponding week las
.year. The worlds visible supply o
American II now t,3li.C3l bales, ngains
<.S?9.s3S last year.
weekly movement figure. Of New Yori
Cetton Exchanre: Port receip,s. cs.s75 bales
lgntnat III. ~ last year: overland to mills an,
Canada. S.tN. against 5..5ss: Southern mil
taklnes. estimated. iaA.0n against, Ioo. no.
gain Of stocka a. interior towns. ASH. sgains
el7N: brought into sight for week. cna. i3t
ogalnat 81. 1eS. Total crop movement: Por
fecefpts. 3.7pI.3+s. against 3.0i,. ~. last year
everisnd TO mills and Canada. al. osi. arains
~. v Southern mill takings. i.esn.nN
assinet I.<ij mo: stock at interior towns II
exceaa OF August l. Sa5. ~, az ainst Sis. SIS
6soueht into sight for season, 6,jst, -.
AGAINST s.s5t.0s3.
HanwA nj Ri.rx T-,t,rp