Evening star., 1935-03-23
COTTON IMPROVES
NEAR WEEKS END
Rally From Monday Lows
Accompanies Firm Spot
Markets in South.
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 23.-The cot
ton futures market became calmer
this week, but not until prices suf-
fered a secondary slump to new low
levels on Monday.
This break was attributed to re-
newed liquidation and hedging
prompted by nervousness over the
European situation and uncertainties
in various directions at home. The
tone improved near the end of the
week, with July closing yesterday at
1899 compared with 1l.19 a week
ago.
The rally from Monday lows was
accompanied by talk of an improved
technical position and firm spot mar
kets in the South.
Reports from Worth street have
indicated that except for spurts of
buying in certain constructions. the
primary cloth market has remained
generally quiet.
There was further talk of probable
mill curtailment. On the other hand,
there have been reports Of q gen.
orally very Arm spot situation in the
South with eligible cotton going into
the l2-cent loan following the recent
decline in futures.
The report of the Census Bureau
placing ginnings from the crop of
1884 at 9,469, 1888 running bales or g.
633,87s bales of 500 pounds gross was
closely in line with the Government
estimate of last December.
Reports of floods in the Mississippi
Valley indicated that considerable
land had been inundated and farm
work naturally delayed, but prelimi-
nary preparations for the crop at
tracted comparatively little attention.
Weekly Cotton Statement.
NEW ORLEANS. March 23 O9.-sec-
ton Exchange statement, issued today.
sld sight during the past week has been 102,-
year and l45 :239 in 1883 and for the
22 days OF March it has been 300. .275
against iI i3s, 425,O62 last year and 452.7s3
The movement since August shows
Teesip 4sass at .,n, all United s States ports
Mississippi. Ohio and Potomac %iVsT Rivers 'to to
Northern mills and Canada. 554. sis against
S53, ia last year and 46S,336 in 1888.
tthhserior th stocks In excess Of those held at
aSsinss last year 'saTd ssand s4s s4s
63S in 1888. Southern mill takinss net
$50; 900 against 3,240.OO0 last year
and 3,1S9. 900 in 1888
6sst from make Hufa.t hs 5Osl to
ss,inst IS, a ii57S'5so last Year and 1852
torelsn .,s exports for the week hsv.
been SS, ,756 asainst 1871 last year
making the total thus far for the season
against 1g s5s91ao224 last year,
cotton during the week were 265'00o
against 274.000. last year and $4,000
. North and Canada. doJ 10000 t0saUns SssiTst
last; South. $1,000. against SS 'oo6 3eioEt ISEt
year and 10000 year before last; foreisn,
sSsiqsiye sss,nst Fl Ga Ssnada and Orient 70000
year before last Orient, $1,000. tTSiGTI sssinst
10000 last year and 1900 year Before
. Total takinss of American cotton for
last sese and g SsainSt y..
OF which Nor North and Canada. 1901 900.
against $4,000 last year and I,OO5, 600
year before last; South 3.02I 900. against
3:37O.O 900 last year and 3.27O.O0O year
oen Goo 1GlRsEs aHsnst q SapSe So
last year and 3; 100000 year before last;
Orient. 1.215.000 against 1.5Q3,O0O last
year and ,8O1 900 year before last.
stocks at the seaboard and the 102
creased during the week 1920. against
last season ~ snd srs now IsTssS
smaller than at this date in 1884.