Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-08-25
COTTON MARKETS..


renewed selling in the cotton market
early today. owing to the favorable
character of crop advices and continued
reports of increased new crop offerings
After opening at unchanged prices to a
decline of two points, prices rallied sew
eral points on covering from over the
week end, and reactionary sentiment
following the break of something like :
cents pound from the high level of
the month.
Aside from covering, however. local
brokers found very little support
around the ring, and prices soon weak
ened again. with December selling
down from 22.47 to 22.05 and January
from 22.45 to 22.1o, or 20 to 80 points
net lower. One Of the private crop re-
ports. published before the opening. in
Dictated an improvement in condition
for the month in the states of Missis-
sippi. Alabama and Louisiana
- Futures opened steady. October.
22.30; December, 22.34; January, 22.30;
March, 22.45; May, 22.5s.
NEW ORLEANS, August 25.-week-
end covering by shorts put the price OF
cotton to Is points higher around the
opening today. but private bureau
report, showing crop improvement in
the central belt. encouraged fresh SELL
ing and the market was soon on the
downward trend. At the end of the first
half hour of business the trading
months were II to % points under yes
terday's close.
Futures opened steady. October, 2I.53:
December, PISS; January, 21.64 asked;
March. 21.72; May. 21.s2.
Heavy liquidation from the long side,
forced by the favorable weather map,
the bearish week end statistics and
the wide losses in southern spot mar
kets widened the decline. Late in the
morning the most active months were
4s to 81 points under yesterdays final
prices.
Spot cotton quiet, 75 points off. Sales
on the spot, rs bales; TO arrive. none.
Good ordinary. 22.37; strict good ordi-
| nary, 22-S7. low middling. 1897; strict
low middling, 1915; middling, 24.oo;
strict middling, 24.25; good middling,
24.50; strict good middling, 2475.
CHICAGO LIVE STOCK.
CHICAGO. August 25.-Hogs-Re-
ceipts. 5000 head; weak; top. 17.4o;
mixed. 15.s5a1740; heavy. 15.75a17.25;
| rough, 15.75a15.95; pigs, 11.00a14.00.
Cattle-Receipts, 1000 head: steady;
native beef cattle, S.25a15.50: western
steers. 7.00a1240; stockers and feed
ers, 6.1oa9.25; cows and heifers, ASA
1900: calves. 11.50a16.0e,
Sheep-Receipts. 1905 head: weak:
wethers, 7.75a11.1o; lambs, 1o.50aI6.75.
CONDITIONS OF TRADE.
NEW YORK. August 25.-Dun's review
of the week says:
Actual and prospective regulation Of
commodity prices has remained the DOM
mating factor in many Industries and in
securities markets. and in certain raw
materials and manufactured products de-
cisive readjustment had resulted from
other than official action. In contrast to
the former rapid and practically general
upturn, more recessions than advances now
appear in wholesale quotations, and the
possibilities Of further downward revisions
enter largely into calculations. Where
continued yielding is foreshadowed, either
because of accommodations of supplies or
for different reasons. buyers are not dis
posed to operate except at concessions by
sellers, and where there is uncertainty as
to the changes to be affected, as in steel
and iron, new business is still waiting In
creasing caution in entering upon forward
engagements has become more con-
spicuous feature, yet the abatement Of the
rush to contract ahead at almost any
figure has made the situation more whole
some, and it is an indication of confidence
in the future that comparatively few can
cellations of orders are reported.