IfjBW ORLEANS, March 22.—Cotton
values again fluctuated within narrow
With the ability of the market
to ignore bearish features and with
stand selling pressure its most cheer
ful feature. Wires from points in
Georgia, telling of mill curtailment
there reports that all automobile fac
tories in Detroit will reduce working
time to four day*-a week and a ratb
er bearish review of crop / conditions
irons the department of commerce en
couraged selling. The bad weather
outlook, on the other hand, statement
In the Journal of Commerce to the ef
fect that curtailment remains un
changed, encouraged buying, and the
market was well supported. Secretary
Hoover issued a statement shying while
preparation and planting of cotton was
considerably delayed in many areas of
the south by bad weather, considerable
planting bad already been done In the
southern sections. Just why Secretary
Hoover should issue such a report over
(he heads of the department of agri
culture !e not pia.n. Wires fi’om the
Rio Grande section claim 60 per cent
of the early planted cotton will have
16 be replanted. Other wires told of ac
tive demand for spots to fill March
commitments and hardening basis. We
•>eU#> • the mhket is la an oversold
I
MARKET MOVES
ARE CQNFUCnNG
Veterans Unable To Ex
plain Course Except On
Ground Of Hit Or Miss
By WILL JOHNSON
ipwWt&**a*m* .too,
market during the past
treated Itself to the most bewildering
price movement! ever wltneSaed by the
oldest traders. The veterans confessed
themselves unable to explan the course
of values except on, the ground of hit
and miss. On nearly every day While
certain' sections" of the general list
were getting pounded to netr lost
levels by the bears, other sections were
getting into, . new high ground. , The
movement seemed to . work In a cycle
with pretty nearly every section If the
market affected except tke rails, which
srers consistently strong. United States
Steel common was forced to'yield after
heavy presalsra, . the break below par
here being due In a .measure to the
Indtchttohs.' that the steel, .Industry Is
Slowing up sooner than expected.
