Pine Bluff daily graphic., 1918-11-23

MARK EFT Reports of Cotton, Grain and
 Provisions
WEEKLY COTTON RESUME.

WEEKLY tOIION KESU ME.
 New York, Nov. 22.-The sensation al weakness and violent price move ments which followed the signing of the armistice have given place to a steadier feeling in the cotton market during the past week. Selling for short account has been prevented by the continuance of the Washington re- striction, while liquidation has been less active and there has been no great pressure of hedge selling so far as the south is concerned.
 At times there has been pressure from trade sources which was attri buted to hedging or the liquidation of hedges. Toward the end of the week, the market improved on indications for increased exports, and it was also said that domestic spinners were be- ginning to show more interest. An announcement has been made by the war trade board that on and after December End, an individuals no eli cense would be required for shipment of raw cotton to rGeat Britain, rFance, Italy and Belgium and Japan A defin- itc basis for the talk of larger eX- ports next month was found in the increase of approximately 100000 bales ill the allotment of British ton mage for December shipment. It is supposed that these features have helped to restore confidence among southern spot holders. The census re- port showed a very small ginning for the first half of November. This served to emphasize the smaller esti- mates of the yield and toward the end of the week freezing weather appear cd in the southwest.
 It is still considered q question whether civilian and export demand for goods will expand rapidly enough to offset tho falling off in government orders and a very unsettled situation also is reported in the goods trade of i Lancashire.
 The cotton market showed renewed firmness during todays early trading. Realizing sales caused some irregular ity at the start, but after opening steady at an advance of four points to a decline of 13 points the market soon sold some 50 to 40 points above last nights closing figures with December touching 29.25, January 29.55 and March 2S.15 or 21O to 220 points above the low level of last Tuesday morn ing. The cold wave reported in the southwest and firm cables contrihut- cd to tho advance, but tho buying was most generally attributed to the pros poets for increasing exports. The War Trade Board has officially announced that no individual licenses will be required for the eXportation of raw cotton to Great Britain, France, Italy Belgium or Japan after December End.
 A further avdance in the cotton mar ket met increased ralizing today and there were sharp reactions, with the close easy at a net decline of 20 to DO points. January sold off from 2S.74 to 3S.05 and closed at the low point of tho day.
 As toreshadOWed yesterday, there was an official announcement from tho war trade board that after Deccm- bcr 2nd, individual licenses would not be required on shipments of cotton to Great Britain, France, Italy, Belgium and Japan and that applications for Spain would be considered with a view to facilitating the movement. This and tho appearance of a cold wave ill the southwest probably encouraged the carly advance, and it was also re- ported that tho talk of increasing ex- ports was leading to better inquiry from domestic spinners.
 Southern shippers were said to be in the market here for small lots of spot cotton in order to mako quick shipments abroad and to utilize small amounts of ocean freight room avail able here.
 There was realizing enough to cause reactions of about 20 to B points lat CT, with January selling off to 2S.30 and March to 27.S0, or back to within 2 to points of last nights closing fig urcS. Southern selling was very lit. ings were absorbed on d scale down by trade and speculative buying. This steadicd the market around midday with rallies of 10 to 20 points.
 No fresh features developed during the early afternoon and the market was steady toward ? o'clock with De- cember selling around 29.39 and Jan uary 2S.66, or about 32 to fl points net high.
 Spot cotton quiet; middling 3O.50.
 Cotton closed steady: -
 Dec. 2875 2S.73 Jan, 2S.O5 2S.05 Mar. 27.33 27.40 May e7.92 21.07 27.07 July 27.O5 26.78 NEW ORLEANS COTTON.