Evening star., 1917-09-16
COTTON MARKETS.

NEW YORK, September 15-Fluctua-
lions were much less violent and the
volume OF business smaller in the cotton
market today. The tone. however. show
ed continued nervousness and the price
movement was very irregular. with De-
cember advancing from 90. 05 to 2039. and
the closing figure of yesterday. The gen
eral list closed steady. with September 5
points higher, while other months showed
net declines of from to 12 points.
The market opened at 4 decline of to
16 points under continuation Of the SELL
ing movement which had been in progress
II the close yesterday. There was bear
fsh comment based on the week end fig
ures and favorable weekly crop reviews,
and there were reports that domestic mills
were showing no disposition to provide
Tor future requirements of raw material
Reports that shipping had been ttacked
on the New England coast by "a sub
marine may also have been 4 factor
on the opening break. but the market
soon became frmer on storm news.
The rains reported at points along the
south Atlantic coast were thought likely
TO work inland. and another disturbanc
was noted in the Caribbean sea. APP
prehension that this later disturbance
might develop threateningly between now
and Monday morning stimulated the COW
ering movement, which sent October con-
tracts up to 20.s5 and January to 2O31
with the general list selling. Is to 1s
points net higher. The official eastern
belt forecast, however was more favora-
BILE than expected. allaying storm an
prehensions to some extent and late fuc-
tuations were very irregular with last
prices showing reactions of some IL to 26
points from the best.
Reports from Fall River said increased
curtailment in the production of goods
was expected this winter IL women could
not be found to replace male labor Con-
tinued activity is reported in mills hav-
Ing government orders, but some reports
reaching the trade say business other
wise is less active.
Port receipts today were 81 1884 bales:
for the season. 56S.50 bales. Exports to-
day. $3.50 bales: for the season. 4g6, ,o96.
Stock. 513.2s6 bales.
NEW ORLEANS, September l5-Irreg-
ularity and nervousness were the main
characteristics OF the cotton market here
today. There was much week end even
ing up on both sides and the market had
no decided trend either way although
hard spots invariably attracted selling
which some brokers put down to hedging
operations AT times the tone was steady
and the market did not have any real
selling power, due to storm warnings is
sued by the weather bureau and the pros
poets OF generally unsettled and showery
weather over Sunday for the greater part
Of the belt
On the opening. December was up 4
points, but other months were down. and
IN the early trading the market lost Il TO
q points. The storm warning for the
Louisiana coast. the south Atlantic storm
warning and the official report of a tropi-
cal distur rbance over the Wind ward Is
lands created nervousness among shorts
and inspired buying for long account. A
demand arose which put prices 2 TO 10
points over yesterdays close. but the
last half hour of business was featured
by selling pressure which sent prices to
about the lowest of the day The close
was at a net loss of 10 TO 20 points