The sun., 1916-10-28
COTTON SEESAWS
TO HIGHER CLOSE
Market Is Nervous, but Is in
Firmest Condition Of
tho Week.
AFFECTED BY ALL NEWS
Buying or Selling Wave Fol-
lows Each Report That
Reaches Traders.

The cotton market was pulled to and
fro yesterday by news reports. zach one
being the signal for a small wave Of buy
Ing or selling. Altogether the market is
In . much frmer condition than at any
other time this week. despite the fact
that n II nervous The net result Of
yesterdays trading was m advance Of
M to eight points over Thursdays
close. with the tone oficially character
issd 40 steady.
New Orleans figures on spinners. taxi
ings. $4,000 bales. compared with 347.-
900 bales last year and 100000 bales two
years go. brought out some new buy
Ing. The steamship Rowanmore, re-
ported sunk. Is said to have carried 5000
bales OF cotton. and II was asserted the
Continental firm that owned the de-
stroycd staple was in the market to re-
place Its cotton. A report that the
French liner Chicago. en- route from Bor-
deaux to New York. was racing toward
the Azores with a fire In her hold. sent
quotations fluttering downward late In
the day.
Weather conditions I n the South are
reported clear and cold. Frost was re-
ported from some OF the central districts.
~ az Ptittt 10 tN'oty ~
all Of the active months above the 10
cent mark. Early liquidation and local
selling carried prices of considerably.
but the market always found enough
bull support to keep II from rocking
violently. Every lime during the fire.
Quent fluctuations of the day that the
staple went below tho 10 cent mark
bulls lent their support. But they had
cotton for sale above that figure.
..t1nArtr. A,,t-A urht,h ,arptay
prices IA to 20 points net higher was
followed by a nervous decline. Support
always came on these dips and savcd a
further decline. There was considerable
profit taking. but on . smaller scale than
earlier in the week. The cotton was
we'll absorbed a. turned loose and the
market showed . Arm undertone during
the pront taking movements. as we'll as
later. when the bears started . fresh
drive.
Liverpool reported . fair market, with
tho close unchanged to IN points net
lower.
Cotton oroksrs were interested In q
report from Fail River that the Cotton
Manufacturers Association had refused
a 10 per . wage advance to the
operatives and that the workmen will
vote next Wednesday on Q proposition to
strike on November Q. There IL much
speculation as to what effect q general
mill strike would have on the staple
market.
Exports yesterday dwindlsd 10 S.Sa4
bales. making i.6Sl.oSs % far this sea-
son. compared with 1858 exported at
this time last year. Exports for tho
week were a4s.S5%. against 12s.4s4 for
the same week last year. The worlds
visible supply Of American cotton showed
an increase of 2o3.9a7 bales against
l34,s07 last year.
The weekly MOVEMENT figures of the
New York Cotton Exchange follow Port
receipts. 32s.S4+ bales. against 25s, $50
last year: overland to mills and Canada,
69,7S7. against 47.053 last year South
ern mill takings. estimated, 100, 900,
against 10000 last year: gain Of stocks
at interior towns. f3.le4. against 74,15s
last year: brought into sight for the
week, 5i0,095. against 510.l3l last year.
Total crop movement: Port receipts,
2.623.s72. against 2~,1s0.7l7 last year ;
overland TO mills and Canada. 235,4 S7,
against 1921 last year; Southern mill
takings. 5000. against 100000 last
year: stock at interior towns in excess
q August /, 1885. against 497,ls3 last
year: brought into sight for season,
4,Sls.4i5. against 3.S29,30 last year.