New-York tribune., 1920-01-01
Commodities
Cotton

The market was Irregular yesterday, buy
sho|ed sh eenerally steady tone, owing to
prospects. brllish reports from the goods
trade, ana the absence in discount rates
an lower sterling, but there Was corsid-
cradle realizing on advances. and after
selling at S5.s7 March contra It's broke tc
3572. That delivery closed at 35 se com
pared with So 50 at the close on Tuesday
net advance OF to 90 points. Business
was fairly active during the earlier trad
to nFVe been pretty well evened-up for
over e, 20 days adjournment
ImG fnature OF the eariy news vas the
spot market at Liverpool. Private cables
sal is was lue to buying by spot shorts
who were after cotton to fill out Decem
Der shipments to Lancashire. Liverpool
futures also ST Nwcd a 8 arp advance OF.
near months. b, the cables failed to cause
opened unchanged to IL points highei on
an mont except May, which was 2 points
a moderate decline right after the call
also October. while there was consider
able covering by Wall street sorts wAo
were prob Dly inf lue need ty the firmer
tone of the stock market and active
months sold about IS to IS points net
higher during The middle Of the day Re
actions followed under realizing. but tho
close was steady at rallies of several
points from the lowest,
mat American makes OF ~otton good
need fear no competition OF British goods
in their home malMets. as Lancas lirc
manufa' turers We're ~eltinr all t,e hnsi-
moss tney could handle from the Fsr
East at more profitable pr - - II e u
,i.ere was nothing in the trading here T.,
indicate trat the talk of higher interest
rates had disturbed holders.
The local spot market was steady and
unchanged at 5a.25 for middling. No sale
were reported.
lAe i4nse Of prices follows:
Open High Low. Close close
Iannary Ss s. o. 81 81 % S.7s sisS a.
May. 34.o5 81. 80 33.s7 34.2o q rs 500
Juiy..:., s2.4o SO. Is sa.4o 50 IS @ $3.50 8. 40
SEPT I5 bor = - = 30 90 $50
October $3.50 29.5o 2s.2o ESQ $3.50
Southern spot markets follow: Calves
ton firm. un hanged at 42.25c: sales. 2.,lc
ioc Gales, 9l7 Mobile nominal. unchansc@
n Ss.50c sales nil. savannah quiet.
changed at S9.5oc. sales nil. Ausus,a
stea y. unchanged at 39.25c. sales go
bales Memphis steady. 90 points mig er
at 80 soc: sales. 2,400. Houston steady
unchanged at II. SOC sales 6,448. Little
l,Gil. Dallas steady, 10 points higher q
Il. &C sales 1888. adontgo.nery fair, -
points higher a &c. gales, 342. For
Worth steady. unchanged at ~ soc, Sales
|, 40.
COTTON STATISTICS
Port receipts. 4i.4ss a. sssEs %esS ysas s.s,4
Exports season. 2,6Ss.65s 2s65,S6i ..s2S's?0
b. y. :. stocks. G2'5to sl.sl9 ~ 80
"'S!S "' F%s1e's ios $3.50 5s 1Iass Iass
n. Y. arrivals. $500 43l3
Liverpool cables-spot cotton in moder-
a.e 90 90 - - 20 90 pY'nls a..vanee on the
American 5000, imports l1,ooo. American
1000. Tenuers, new docket, 1000 bales
Futures OPENED very s.eady at to IS
points advance Closed near months strong,
lower. January, 26.s5; March, 25.23, May,
2s.7s; July, 500 october, 1855 Man
ches>er: Yarns strong; cloths. good de-
mand.
showed further strength and in Mime
apolis prices were unchanged to point,
higher. with No. l Northern quoted at
3 to 1910. Offers were apparently linn
tied and IL said that nills were again
.naning purchases of high-graue milling
wheat and found little Tor sale. The
ket at large was strong and apparently
arme,s have no more wheat to sell TO the
government, which viii not pay above "A
Jasis of the minimum fixed price In con-
sequence buyers Who can no longer SECURE
supplies from the Grain Corporation are
orced TO so INFO the open market These
operations are not large compared with
.iosH which were formerly cone to IA
Grain Corporation. but they are more ap-
'Altnt, ami consequently. have q consid-
'ao.e M eArc on sentiment.
Corn-rhe market failed to develop the
predicted strength in the December po-
sltion, and, a-ter having stoN an early
advance OF to :. Is c. valves eased off
,"alpiy and at the close = to Sisc
act lower. Operations were largely IA
ne form of evening up contracts for tn
year end, and the TACT that the Decem-
'er position showed the greatest loss
made 1t apparent that the outstanding,
mort interest in that month was sma.ier
an had been estimated Receipts were
tsaln small at primary points ana ad-
ness from the West gave little hope OF
mAch Immediate !mproVense TT. as IL, car
situation was very uncertain. The tech
ucal position Of the market was thought
10 have been weaken ned by the r,c~u.
active coveiins, but the trade was no,
.isposed 70 take the action of the mar
ct or " Wednesday as a true reflection OF
conditions. as traders Were large, ia q.
lo!iday frame OF mind and operations
.ele Of an evening-up character
Yesterdays Previous Yea
~ 80 yol.sloia siSI]. Hollass Ah0;
Chicago:
Jan.a', 49,. 1851 1853 Holiday
.na ..-.|-..-.. q TH2. Halliday
Oats--The market was fsverish. clos,ng