New-York tribune., 1919-09-26
Commodities
Cotton

| There was q smaller volume Of business.
In the cotton market yesterday and fuc-
snations saI, were were M narrower; private crop
indicating a crop of only l0220. 900 bales
failed to stimulate fresh buying OF con-
| sequence. This an indication that a
substantial reduction in crop figures had
been discounted by recent advances. Sell
ing was held in check by continued firm >
ness in the spot situation, however and
the market closed steady at net ad =
vance OF points to a decline OF 10 points
, December contracts fuctuated between
sl,So and 3l.67. closing at s1.6s. compared
with 1857 on Wednesday.
The circulation of October notices esti
mated ut about 5000 bales caused some ir-
regularity during the early trading Ac-
1--WE months sold about 20 points net over
during the early trading. The scattering
liquidation OF October was absorbed by the
buying of some OF the leading spot house
brokers on this setback. and the market
iirmed up during the middle Of the morn
, ing Tho strength of foreign exchange
| continued crop complains and reports OF
higher spot basis in the Eastern belt
were favora bic factors.
After selling some to 10 points net
higher on covering and trade buying the
volume OF busnes tapercd off sharply and
later fluctuations were irregular. with SEN
timent somewhat unsettled by reports OF
reactions In foreign exchange and reitcr-
ated predictions of a falling Off in spot
demand as soon as September commit
ments had been filed.
The private crop report issued Yesterday
morning estimated the abandonment OF
acreage at per cent Their is uncertainty
AZ to whether the government report to be
published next week will show any change
IN the acreage figures and additional pri-
VAT reports will probably be necessary to
crystali1e sentiment.
Reports from the Eastern belt say that
southwestern buyers have been forced
ins3 IN ,ne Eastern markets. owing to the
aitiiculty of securing the grades wanted in
their own markets and that this accounted
for the advance in the basis. The new
sections OF the belt. and traders are look
ing for very small ginning returns next
According to a Southern merchant who
arrived here yesterday receipts of new crop
cotton at Norfolk have been practically
hsl ms Is year ,; compared with about $4,000
oaies oS TINS time in normal season. He
also reports that either the boil wecvil
or an insect resembling it very closely and
operating in the same manner. has been
found in some sections of Virginia.
Exports for he day were 7.54s bales.
year
The local market for spot was quiet and
sales were reported
Range of prices follows: Wednes-
Oct. sl.25 si'a4 alc5 s1.soT T'e' si.s5 aaa;
pee pee c'.... sl.45 ssS7 sl.ss $l.5s@$l.59 a1.57
Mayoh Mar a179 $lsS q 90 a1s5 s15s s1s5
o1.c@ ol.SS . l. - 0l.IOB 31.S0
Southern Spot Markets - Galveston.
steady. so points higher. at SAC; sales. 746
5aies. New Orleans. steady; unchanged at
3l.3s sales. 1889 bales. Mobile quiet
unchanged at $3.50; sales. 6S bales Sa
Hannah, steady; unchanged at 31c; sales,
KY bales Charleston, firm unchanged at
$3.50 sales. nil: Augusta, QUIET: un- n
changed at ?1c; ga les, 1851 bales. Memphis.
ssteady; unchanged at olc; sales. 900 bales
81, Louis steady: unchanged at 31c sales
330 bales Houston, steady; unchanged at
3215 sales. 1898 bales. Little Rock
quiet; unchanged at 1925; sales 35 bales
S0o2 bales o' N'