. 33.96 34.00 33.70 33.86
. 3420 34.36 33.55 33.53-60
. 34.30
. 33.30
NEW ORLEANS C'#tr«X_
NEW ORLEANS, Lan. 16.—After
spending the greater part of the ses
sion today in small fluctuations the
cotton market in the late trading
broke violently under heavy selling
which, according to market comment,
had its .start with a crowd of traders
who was supposed to receive early in
formation on ginning. This, coupled
with the fact that the ninth ginning
period of the season ended yesterday,
was considered significant. Lowest
prices' were reached in the closing
range of sales and last prices spore at
net losses on the day of €6 to 72 points,
the last sale of March being at hi:
and of October at 27.60e.
In the early session the cold and wet
weather over the belt and complaints
of its unfavorable effect of prepara
tions for the new crop dominated the
market for a while.
Scattered selling put prices 15 to *4
points lower on the opening., from
which there was a rally to advanoes
over yesterday's close of 4 to IS points.
These were the high levels of the dav.,
March trading up to 64.36c and Octo
ber to 28.30c. Selling gradually in
creased and carried the mark'd t e>
small net declines, but pressure was not
pronounced until well into the after
noon.
Reports received here today from or
ganizations connected with the grow
ers claimed that crop preparations
were two weeks backward, compared
with crop preparations of a year ago,
and it was pointed out that the late
ness of the start last season had much
to do with the crop failure that was
experienced in most sections of the
belt.
NEW ORLEANS COTTON
Open. High. Low. Close.
