New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-04-01
COTTON FREIGHT
RATES GROW EASIER
Market Quiet. but Improvement
in Export Situation Help
Late Rallies.

The cotton market continued quiet
and prices fuctuated with ID a range
Of or : points, with July contracts.
for instance, selling between 1902 and
1900, closing az 1906. The general
list clo-ed steady at q net decline of
20 points.
The market opened steady at an ad-
vance OF ! point to decline OF ,
points, but the tone was somewhat I'M
settled and sctive months sold 20
s points net lower shortly after .he
call There was some Liverpool selling
of the late months here and also sea-
tered local selling, which may have
been inspired by private predictions Of
showers IN the Southwest or private
cables reporting that firm offers from
the South showed signs of weakening.
The comparatively light offerings were
soon absorbed, and the market then
steadied on a little trade buying OF
near months and covering OF shorts.
Repots OF an easier ocean freight sit
uation and the generally bullish char
scter OF Southern spot news helped
the rally, which carried the active
months a point or two above Fridays
closing figures. Closing prices were 3
or 4 points of from the best undes
realizing.
One Of the private cables received
from Liverpool said there was an easier
tendency in ocean freights, and TINS
view OF the situation was confirmed by
reports from Galveston, which quoted
a rate Of S225 hundred pounds from
that port to Liverpool. or q decline Of
% cents a hundred. The rate on cotton
from New York TO Liverpool is also
easier, being now quoted nominal al
$3.50 a hundred. comparing with the
last previous quotation OF 81. ms
easier freight situation would probably
have more effect on sentiment as 70
export prospects were IL not for the
recent advance In marine war risks and
reiterated talk OF restrictions on I'M
ports of various merchandise by the
Allied governments and the proposed
tightening of the blockade. Certainly
there was nothing in the trading here
20 indicate any material change OF
sentiment on the export or new crop
pros ects. Southern spot advices were
not numerous. but the few received
failed 10 confirm the easier sdvices
continued good demand, with holders
firm. and the markets as officially re-
ported were all unchanged, with the
exception Of Houston, which was 10
points lower. The weekend figures
showed spinners' takings OF 2s4,4Ss
bales for the week, against 439,7lJ for
the same week last year and made the
worlds visible supply Of American
cotton 3.el2,932 bales, against $4,000
last year.
The weekly movement figures Of the
New York Cotton exchange follow
Port receipts, l2l,7Sl, against 2Ie,oJS
year ago; overland to mills and Can
ada, 1896, against 23,2ss last year;
Southern mill takings, estimated 10000.
against 10000 last year; gain of stocks
at interior towns, 9,135, against q loss
Of 29,23s last year; brought into sight
for the week, 2ll,S52, against 342,SO3
last year. Total crop movement: Port
receipts, e,O67,429, against 9,Sl3,oiS
last year; overland TO mills and Can
ada 946,65l, against 922,692 last year;
Southern mill tskings 3,095,O0O against
1897 1877 last year; stock at interior
towns in excess OF August l, 53o,loO,
against 76l ,430 last year; brought into
sight for the season, l0,647 go, against
1896 last year. Range Of prices;