NEW YORK, Jan>21.—The failure to
avert a rail strike In England influ
enced, much lower cables than due, car
rying prices about 23 per bale under
Saturday's Sloslng prices. Prollt tak
ing and some trade buying caused a
rally, which, however, soon died out
owing to the failure of new buying to
make Its appearance. Foreign ex
change weakness also had Its effect,
offsetting In a measure the usual
amount of bullish spot advices received
from the south.
A well-known authority in Texas ad
vises that he underestimated the Texas
crop and the enormous acreage In west
Texas and that he expected the next
ginning report to show Texas to have
ginned 76,000 bales for the period.
Cables from Liverpool stated that the
fear of the strike now that It is on the
way is subsiding but It would appear
that.. It will increase uneasiness and
accordingly effect business. A cable
printed in the New York Times was to
the effect that the large Imports of raw
cotton by England during December
was unlikely of repetition again thlls
year.
coming new developed m worth
street and the beet than can be Bald Is
that buying has been fitful and apa
thetic. As so much stress la being laid
on the statistical situation obtaining in
in the supply of cotton it taay prove of
interest to compare the pflcea of goods
this year »wlth those of a' year ago as
published today by the Journal of Com
merce. Middling cotton. New Tork, to
day, 83.36c; last year this time, 28.40c.
Print cloths today a quarter of a cent
lower than last year; gray goods rang
ing from He lower to 44c higher, with
sheetllngs He lower to He higher.
Ginghams about the same as last year.
