New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-07-01
STILL QUIET
BUT PRICES STEADY
Trading Being Held Off Until
After Holiday and U. s.
Condition Report.

The cotton market was very quiet
yesterday. The circulation Of few
additional notices brought out some
scattering July liquidation, which
caused more or less irregularlty, but
the price movement was narrow, and
early declines were followed by rallies,
with the close steady, net unchanged
to points higher.
The market opened steady az an ad-
vance of / 70 . points on n few over
night buying orders, which probably
represented a continuance Of the coy
ering movement in evidence at times
on Thursday. Liverpool was a moder-
ate seller here, while the near-month
liquidation soon made itself felt, and
July contracts sold off to 1921 during
the middle of the day. or about Z
points net lower The weakness of the
near month exercised sympathetic
influence on the later deliveries. which
worked about to 4 points net lower.
Offerings were not heavy, and as soon
as July showed n tendency TO steady
the entire list worked up a few points
from the lowest.
Several additional crop reports were
published, but evidently failed TO
create any fresh sentiment as to the
probable showing of the government
report, TO be published this morning.
The average Of the nine private con
dition figures issued during the last
few days is 1916 per cent, compared
with 1913 per cent, the average OF the
same nine reports last month. It was
assumed around the ring that the mar
ket had been pretty well evened up
in expectation of u similar showing
from Washington.
Ideas on the acreage increase range
from about 8 10 - per cent, and WITH
the outstanding interest much reduced,
the impression was that the Official
figures probably would have TO be con
siderably out Of line with recent pri-
vate reports TO exercise any very I'M
portant influence on prices. The out
look for rather unsettled or partly
cloudy weather in the South was con
sidered hardly favorable, as such con-
ditions are supposed 10 promote The
activity of the boil weevil, but there
was nothing in the weather news un-
favorable enough TO provide a positive
influence, and there was evidently ut
tie disposition 10 increase commit
ments in advance Of the government
report or the holiday early next week.
The Liverpool market will be closed
to-day, while all American markets
will be closed Tuesday.
Exports for the day were 2o,S5O
bales, making 5,499,75O so far this sea-
son.
Weekly movement figures Of the
New York Cotton Exchange follow
Port receipts, s6,747, against 4l,6l3
last year; overland to mills and Can
ada. 1883. against 1872 last year;
Southern mill takings, estimated, 20.
GOO. against 10000 last year; loss Of
stocks at interior towns, 33,S19,
against 1864 last year; brought into
sight for the week, S6,45l, against
6O.921 last year. Total crop move
ment: Port receipts, 7,409,773, against
1O.613.S42 last year; overland to mills
and Canada, 1884, against 1,l65.-
s9S last year; Southern mill takngs,
$3.50. 900, against .. .l2887 last year;
stock at interior towns show a de-
crease of 23,394 from August /, against
an excess last year Of 394,0l5; brought
into sight thus far for season, r.
1888, against 15,l86,642 last year
Range of prices: