Evening star., 1917-04-12

opened steady; May. 2O35; July. 1885:
October, "a; December. 1878; Janu-
airy. 1878.
There was a renewal of scattering
liquidation in the cotton market early
today The opening was steady at d
decline of 6 points to an advance Of
3 points, most of the active months be-
ing lower and in response to weak
cables and reports of rain in the south
west. Prospects for unsettled weather
in the eastern belt seemed to check the
selling at the start, but offerings be-
came heavier shortly after the call
with May contracts selling off to 2013
and July to 1914, or about 16 to II
points net lower, while october de-
cIined to 1859, or Z points under last
nights close. Local spot houses were
sellers of old crop months against pur-
chases of new crop positions.
Rumors that cotton was coming here
from the eastern belt for delivery on
Nav seemed to stimulate near-month
liauidation, with that delivery working
off to zoos. or % points net lower,
while October declined to 1885. or 10
points net lower. during the middle OF
the morning. Prices then steadied on
rumors of peace overtures and the mar
ket rallied sharply toward midday, May
selling up to 20.32 and October to ~ "a,
or 2 to IS points net hlgher. Ihere
were a number of wires from the
southwest claiming that rainfall had
been insufficient.
NEW ORLEANS, April 12.-Opening
prices in the cotton market today We're:
January, 1920; May, 1929; July, 1903;
October. 1907: December, 1913
Around the opening of the cotton
market today prices fell 8 to 5 points
under rains in Texas. which were con-
sidered favorably, but soon after the
market braced up on the forecast OF
generally showery weather for the
eastern belt, where rains are not want
I Il = fI,n ha frgf a
business the active months were to
points above yesterdays close.
Peace rumors played an important
part in the trading of the morning.
hagen saying Germany had made a
! peace offer to the United States caused
heavy buying and the demand was fur
| ther strengthened by the report that
| Bulgaria was making overtures to the
| entente.
NEW YORK SUGAR MARKET.
| NEW YORK, April 12.-Raw sugar
Firm; centrifugal. $50; molasses. 5.51;
refined firm. fine granulated. 7.50 to
lS25
Sugar futures opened firm and active,
to 10 points net higher on covering
and buying by commission houses.
Later the advance checked and
| prices eased off sharply, and at noon
| were around last nights closing levels.
LONDON STOCK MARKET.
| LONDON. April 12.-The effect Of the
prospective issue of treasury bills was
| only temporary on the stock exchange
| today ard the investment section dis
played renewed steadiness under fair
| outside demand, the war loan touching
| 95h. South American securities were
good. especially Puruviars, and shipping
| shares were supported from the prov
! inces. Some uncertainty was displayed
| by Brazilian issues. In the industrials
American Marconis were easy under
profit taking.
| The low-priced American securities
| were in request at hardening prices and
| other shares in this section were
marked in sympathy with Wall street
The supply Of money was plentiful
and it was well employed at previous
rates. Discount rates were steady
pending the issue of treasury bills.
Bar silver, 36hd per ounce. Money
la1a per cent. Discount rates-short
bills. "a per cent; three-month. 4ha
= ~ Der cent i