Pine Bluff daily graphic., 1918-11-26
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M A f<< k E T Reports of Cotton, Grain and
 Provisions
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New York, NOV. 2o.--Ihc reactions of late week were followed by renew ed tirmncss in the cotton market dur ing today's early trading. Private crop estimates were published before the opening, one of them by a pronl- ncnt New Orleans authority, placing the yield at II, ,320,000 bales, eXclud' ing linters, while the other from an equally prominent Memphis source made it 11,7O0,OO0. Both these fig ures were below the last official indi- cation and buying also was promoted by firm cables, ,Lullish spot advices and reports that the governors of eight cotton states had issued a pro- clamation urging that cotton be held for 35 cents q pound. The market opened steady at an advance of 15 to 25 points and sold to 30 points set higher before the end of the first hour with January touching 20.03 and March 27.45 on covering. Liverpool buying and support from trade and commission house sources.
 December was relatively firm ow- ing to the absence of notices, selling up to 289O before the end of the morning, or 50 points net higher, while January advanced to 2S.2O and March to 27.5o, making net gains of 30 to 40 points. There was sufficient realizing to cause some irregularlty ,lcring the morning and the disposi- tion to take profits was increased by reports that three of the Fall River mills would close down tonight for ah indefinite pcrlol, owing to lack Of de mand. On the whole, however. offer rlga were readily absorbed and the market held within 4 or ) points of the best early in the noon hour.
 January sold at 28.25 and March at 2753 oh the midday advance with ac- tive months generally showin ret gains of B ,c 50 points. There We're level under realizing during the early afternoon with the market showing no special feature around o'clock.
 While no official announcement was made today by the committee which was in conference with the Food ad- ministratioh in Washington Saturday, it was reported that considerable pro- cress has been made toward satisfac- torv agreements. The local spot market remained nervous and irreg- ular with offerings light and no rep resentative quotations available. The official cables reported no change in : Brazilian markets except Santos tu' lures which were 25 to 50 reis higher with later cables reporting further advance of 50 to 150 reis. Brazilln port receipts 42,0O0; Jusdiahy 10000. ; Early advances in the cotton mar let today were followed by reactions with the close barely steady at net decline of 15 to 65 points.
 The market opened steady at an advance on relatively firm cables, small crop estimates, the absence ot December notices, and bullish spot adyices. There was enough realizing to cause some irregularity during the morning. but the market held gener- ally steady to firm. There was coh- siderable trade buying in December, presumably to cover call cotton, and Liverpool was a good buyer of the near month against sales of the later deliveries.
 London cables said that the British cotton control board has ruled that Lancashire mills could work o6 l-2 hours per week, running 55 per cent of their spindles and 6b per cent or their looms. ..,