Evening star., 1935-03-09
COTTON DECLINES
QUIETLY IN WEEK
Small Exports and Tagging
Domestic Demand Are
Market Factors.
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 9.-Cotton
eased during the week under liquida-
ton and scattered selling. Trading
was quiet.
Sentiment was confused by sharp
fluctuations in foreign exchange and
legislative uncertainties. Traders
showed disposition to even up COM
mitments.
Prices reached new lows for the
current decline with May contracts
showing a loss of $3.50 a bale from
the February high levels.
The failure of the export movement
to pick up and reports Of continued
poor demand for cotton goods in do
mestic markets were depressing fac
tors.
The spot situation continued to feel
the stabilizing influence of the Gov
ernment loan.
Private surveys of planting inten-
tions in the South have shown con-
siderable differences of opinion as to
the prospective acreage. Three of
these surveys have been issued with
acreage figures ranging from $780,
900 up to 34,572,000 acres and aver
&ging about 33,169,000.
Some further delays have been re-
ported in farm work, while the
Southwest is supposed to need add-
tional subsoil moisture.
Weekly Cotton Statement.
NEW ORLEANS March o 1P,.-Secre-
tary Plauche's weekly New Orleans Cotton
Exchange statement shows that the
amount brought into sight during the past
week has been 7s.159 bales, against 100
522 for seven days last year and ll9 29O
year before last. and for the eight days of
March it has been 90. 149. against 135.-
The movement since August l shows re-
ceipts at ali United States ports, 3977. .760.
against 9.034 last year and 7.42S s46
sissippI Ohio and Potomac Rivers to
against 623. 3.944 last year and 451i year
those held at the close of the commercial
year. D 663. against 7Sl 46S last year
ana 700 ;262 year before last: Southern
460 600 last year and 100000 year be-
fore last.
These. make the total movement for the
AGAINST II .0s4 .446 last year and I1,5S7 .
262 year before last
90 Foreign 3g exports for the week have been
a total thus far for the season 3,339353
2.3i0.9S5. uee'ease ol
cot'nn Worlds spinners' taking of American
seaI sealnSt 299 900 last year. and 22s. 900
SesT & before last distributed as follows:
m Nortn and Canada. 10000 against IS.
euo last year and $1,000 year before last;
So9tn. 10000 against 1000 last year
anc 81 900 year before last; foreign. ex-
elusive OF Canada and Orient, so 00O
against l5S900 last year and I3l 600
year before last: Orient, ! 2 600 against
~ 900 last year and 81 900 year before
-, Total takings of American cotton for
the season. 1872 000 against a153 900
iaSt year and 9:207,000 year before last.
OF which North and Canada. 9Ss 900
year before last; South. 1888. 900 against
~ .9O00 last year and 3.O7s0OO year
oeiore last; forelgn. exclusive Of Canada
ana Orient. 2.l11. 900 against 3 SO:}. .O0n
last year and ,. $50 900 year before last:
Orient. l,I3i. 600 AGAINST I.52 900 last
year and .594 900 year before last,
Stocks at the seaboard and the 10o
Leading Southern interior centers have de-
creased during the week l2l 4SS against
decrease during the Corresponding
period last season Of 145 125 and are
now s63 .442 smaller than at this date in
1884.