New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-25
COTTON IRREGULAR:
PEACE HOPE WAVES
Sharp Break Follows Opening
Advance-Rains Have Not
Checked Drouth.

The cotton market was irregular
yesterday. Quite sharp break FOL
lowed an opening advance, with July
contracts selling of from l2l0c 20
ll.g5c. but the market steadied inter-
with July selling up to l2.O4c and clos
ing AZ 12.03c. The general list closed
steady at net advance OF 70 points
The early selling movement seemed 70
come largely from Wall Street sources
and may have been inspired by the
somewhat less hopeful view OF imme-
date peace prospects. The decline was
accompanied by rumors - a. easlef
turn in the spot situation and talk OF
small exports for the rest Of the sea
son. The less favorable spot advces
found little reflection in the character
Of the selling here.
Tho market opened firm, at an ad-
vance Of / 10 points. with active
months selling TO TO 9 points net
higher on or Immediately after the
cali. The more bearish average OF sen
timent which was developed during the
previous day on reports o. rain IN the
Southwest and expectations OF less
active spot demand after filing March
commitments was evidenced by IN
creased offerings on the opening bulge.
Prices soon weakened. with the more
popular deliveries selling about TO :
points lower during the middle OF the
morning.
Nav was relatively steady, with the
difference between May and July
shrinking to about II points. TINS
checked offerings of later months,
while the Western belt forecast held
out no promise Of further rams IN the
Southwest. There seemed 20 be some
doubt OF any real weakness IN Southel \
spot circles, and the market SOLD ABOUT
. 20 ; points net higher during the
afternoon. Later fluctuations were
comparatively narrow and irregular.
Co far the rains in the Southwest
have been light and scattering. II was
though, Yesterday that the rains had
not helped the droutn 10 any extent.
There s evidently decided difference
Of opiulon among local authorities as
IN the cynort movement for the rest Of
the season. and IL was rumored yester-
dav that certain Wall Street interests
believed that clearsnces between now
and the end Of the season would not
amount 20 more than i.675,0O0 bales.
Exports for the week ended yes.er-
day were 95,li9 bales, making 3,s25,9l
so far this season, against 6,34l ,OiD
last year. Liverpool authorities esI..
mate British mill consumption OF
American cotton at between $4,000 and
$4,000 bales week.
The weekly movement figure. Of the
New York Cotton Exchange follow:
Port receipts, 1906 bales. against
277.sg7 last year; overland TO mills and
Canada. 29,6ls, against 1855 last yea;
Southern mill takings estimated, So.
600. against 10000 last year; loss OF
stocks at interior towns, 25,Gl2, against
434lO last year; brought into sight for
the week, 207072, against 3l6.3'3 last
year. Total crop movement: Port re-
CENTS. 5,045.64s bales. against J,O34,l
last year; overland TO mills and Canad.,
g2g.7l5. against s99,i44 last year;
Southern mill takings, 3,025,000, against
2327.ss7 last year; stock az Interior
towns in excess of September !. 3d.
ia. including 1886 added, against
100. 76S last year; brought into sight
thus far for season, 10,439,i77, against
13O52,s5f last year.
Range OF prices: