Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-03-23
Gain, Produce,
Cotton shEakietA
COTTON MARKET,

NEW YORK, March 23.-The cotton
market was nervous and unsettled
to have a depressing influence. while
there were reports of rains in Texas,
and the market WAS Influenced by the
bearish weekend figures. The opening
selling off to $3.50 and October to 1882
shortly after the call, or 80 to IS
points under last nights closing. After
this first rush OF offerings had been alb
ing, with later fluctuations Irregular.
Futures opened steady: May. 5000 to
$3.50: July. $3.50: October. 1882; De-
VIEW New o SR:If; sas' March s0: as-week-
end liquidation and general selling.
based on reports of the British battle
line in France having been broken.
ton here today. In the first half hour
the market lost rs to 20 points.
Futures opened steady. Opening
bids; May ~ s1.7s: July. sesss asked;
uary. 29.i1.
LIVE STOCK MARKETS.
Weekly report Of live stock and meat
trade coalitions here by the United
States'bureau of markets:
Receipts of all kinds Of meats. except
lambs. were noticeable less than last
week Trade was consequently much
more active and the demand, stimu
offerings soon after unloaded. Coolers
were practically cleaned up at the close
Of each days business.
The weeks beef receipts were about
80 per cent less than last week, and the
market remained steady to strong at
prices in line with Mondays opening.
The $50 top on choice steers Monday
was maintained and the common and
medium steers advanced until there
was only a spread Of 81 to 81 between
he HhnScn Cows
were in light supply and prices adj
vanced q good 81 over last weeks close.
The weeks receipts q western
dressed veal were very light and n we're were
around $14 to $3.50. Supply Of local
dressed increased steadily all week
Market was steady to firm all week at
PORK - receipts e were very light and
the market very active. Prices fiuc-
tuatcd through a wide range.
Receipts Of lamb were liberal and
m nns De Tse MARKET e Closed today
about 81 under last week
Very little mutton was offered. and
1t sold slowly under limited demand
The market is closing very strong on
beef. veal and pork. Lambs are clos
ing at steady prices. The market is
cleaning up in very good shape: and
rived during the day were practically
all sold at today's close.
NEW YORK BANK STATEMENT.
NEW YORK, March 23.-The actual
condition of clearing house banks and
trust companies for the week shows
that they hold $54.s65.s30 reserve In
excess of legal requirements. This Is
an increase of s20,650,020 from last
week.
TRADE CONDITIONS.
NEW YORK. March 23.-Dun's Trade
Review for the week says:
Movements in business have con-
tinued mainly in the right direction,
with steady acceleration of manufac-
turing and distribution and a quicken
ing OF retail demands under favorable
weather conditions. The development
of spring trade, while limited by the
various war restrictions and the econ
omies of the period, is satisfactory in
many instances. and financial obliga-
tions are met more promptly as ship
ments go forward to points of destina-
ton with less general interruption.
1T is significant of the skillful man
agement OF the banking situation that
flurries in money rates, notWithstand-
ing the magnitude of federal require
ments, everywhere remain absent, and
there Is a growing disposition to dis
courage speculative excesses in all
quarters Official action to regulate
commodity prices is also widening in
it's scope and further downward re-
visions are fcreshadcwed, although ad-
vances still predominant and there are
com paratively few markets in which
sellers are at q disadvantage"