New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-04
POLITICAL OUTLOOK
STEADIES COTTON
Brighter Views on Situation Aid
UNDERGONE, Though Bust,
ness Remains Dull.

The cotton market showed no i'm
proycment Of consequence in the vol
umc OF business during yesterdays
trading, but the undertone was steadier
on rather a more favorable view or
tha political situation. more encourag-
ing Southern spo. advices, renewed
covering and a little buying fror. trade
sources. Rallies followed an early de-
cline, and the market closed steady net
unchanged 10 points higher.
Liverpool was about as due. but after
opening > points love- TO . points
higher the market here sold ; %
points under Thursday closing hg-
ures. This decline probably reelected
renewal of scattering lqu datlon
which had developed after the rally %
Thursday morning on the increased
nervousness Of the trade over political
conditions The offerings were not
heavy. and after showing a loss o.
about u points from the best point
Of the previous day the market stead
led on covering, q steaGier tone IA Nc"
Orleans and some New Orleans buying.
July contracts, which had sold Oft 20
ll.67 early In the morning, touched
HI during the afternoon, and closed
az l1.75.
Scattered Southern selling, one Of the
features here earlier in the week. was
not in evidence. This suggested q stead
Ter feeling among spot holders, and
few private reports from the South
pointed n the same direction. The
steadier tone in New Orleans also sue-
gestci q diminishing volume Of hedge
selling IN that market, and the absence
OF such pressure probably encouraged
some buying for reaction. while IL
also made the market more sensitive %
covering OF shorts. Beyond n 'ittlc
trade buying there seemed 10 be little
demand for fresh account, aad the
greater part Of the business wee sup
posed TO reflect an evening-up ii CONF
mitments. and disposition among
traders to wait for further political or
spot market developments.
There were rumors OF IN easier
ocean freight situation during the
afternoon, which may have contrib
uted 70 the rally. but they were not
confirmed. II rs evident. however, that
the cotton trade has managed 10 find
rather more ocean tonnage during the
last month.
Exports yesterday were Only l.'V'
bales. making l44.69S bales for the
week. comparing with 3590l2 bales for
the same week last year. Sp,rners
takngs Tor the week made quite
favorable showing, as they amounted 20
367. 800 bales of American. compared
with 3s3.50s last year Southern spot
markets a. officially reported were un-
changed 20 10 points higher, with busi-
ness & little more active ~ some
points.
The weekly movement figures 81 the
New York Cotton Exchange follow:
Port receipts l40.655 bales. against
3l7.22l last year, overland 10 mis- and
Canada 23.s49. against 30.317 last yeaf;
Southern mill takings. estimated 10
GOO against 10000 last year; lcsr Of
stock ~ interior towns, 43,7ls. against
1871 last year; brought into s.ght
for tho week, 235,7SG. against 36S,-
III last YEAR. Total crop movement:
Port receipts. 5.623.l5S. against $500
317 last year; overland 20 mills and
Canada N41,l6S, against 62HOIl las,
year; Southern mill takings, 27i0.0Oo.
agaiust 21l7.SS1 last year; stock a.
interior towns in excess Of August J.
5S5.512. against oS6.606 last year;
brought into sight thus far for sea
son. 9,7o5.s36. against l2l36,os1 last
GEAR Rance of prices.