New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-01-08
COTTON EXPORT AID
TALK CHEERS TRADE
Relief Seen In Rumors That Eng
land VIII Limit Rates Asked
by Her Ships.

The cotton market showed continued
nervousness and lrregularity yesterday,
but an early decline was followed b /
rather n sharp recovery in the late
trading, with the close very steady at a
net advance Of from 7 to - points.
March contracts which had sold at l24i
during the early trading, advanced TO
1850, and closing prices were at the
best level OF the day.
Liverpool showed renewed strength
during the earlier trading abroad and
the market here opened at an advance
Of to points on the showing Of the
cables. This advance met offerings
Of very much the same sort ns the up
turns Of the earlier week Reports o.
a fair spot business in the South were
again accompanied by some hedge sell
ing here presumably against exporters
who wished 70 protect themselves
against price fluctuations until they
could obtain ocean tonnage There
were also scattered offerings from Wall
Street and local sources. These con-
tracts were again absorbed by the buy
ing OF Liverpool straddle interests, and
after showing a net decline Of from 8
to points, the market steadiad or COW
cring Rumors that the British gov.
ernment had decided to place limita-
ton on ocean freight rates from Gulf
ports TO Liverpool, making the maxi
mum rate 50 a hundred pounds by
British steamers, reached the trade
during the middle Of the afternoon.
Private messages from Dallas and
Houston Cenied the Galveston reports
OF restriction on the freight rate ana
stated that 50 a hundred had been paid
for room there during tie day. IL
seemed that some in the trade here
were inclined 10 believe that the Brit
ish government was likely TO take steps
TO expedite the movement owing 70 the
diminishing supplies Of raw material
abroad. There was better demand
In the late trading, with prices show.
ing advances of some is or Is points
from the lowest.
Aside from the continued strength
abroad and the talk of better export
demand. there was little feature III
he news bearing on the more I'M
mediate market situation Ruylng or
predictions Of larger exports was re
,trlctcd by uncertainty as b the Ell
feet on suot holders Of the approach
ing season for new crop prenaratlon'.
Southern adyiccs about acreage pros
meets have been more or less coniiic'-
ing and some reports from tho Eastern
belt say planters are uncertain as 70
their probable acreage owing 70 me eN-
mort situation and the scarcity or Ter
lIizor created by the war southern
epot markets were unchanged to ~
points higher; generally unchange !.
Exports for the past week were - o4'
bales. against 33S.5jO for the same
week last year.
The weekly movement figures OF the
Vow York Cotton Exchange follow.
por. receipts. l54.944 bales. again't
g~2 500 last year: overland 10 mills an
Canada. 26 OBS. against II 99l last year
Southern mill takings, estimated, 49,,
600. AGAINST 10000 "A year ago; los. o.
.tocks ~ interior towns, 35,l0B, agaln''
ssg last wear: brought into sight ioi
,be wcek. 27l7lG. against 5O3,9io las'
vear Total crop movement; fort re
Sse eI,. 4,82i.0$5, against 51ot,64 las
,..ar. overland 20 mills and Canada
Eo- lbs against 524.093 last year
southern mill takings, 1.S2OON0, agalns
55TSS7 last year; stock at interior 81
tovrs in excess Of August |, 'o4 81 ,
ag,iust 1.O70,42l last year; br1ugn'
ITO SIGHT thus far for season, 1870
ala against 1921 l0 last year.
Range Of prices; IT.