Most of the selling was pron oted by im
provement In Southern weather. The
map allowed clear weather over most of
the belt, with litile prosptct for rain in
the next few days. Light frost was in
di-ated jj, some central and northern
.sections.
Selling pressure was rcstri. ted late in
the day by h heavy export movement,
in whi.-li about oO.OOo bales were cleared
from our ports. Sentiment whs con
structively influenced by Liverpool cables
slightly higher than t xpccteij and by
more optimistic reports regarding: spot
demand. March, the spot option, was
relatively easy In the first half hour, re
flecting tha circulation of twenty-four
delivery notices. On distant positions
there was little or no pressure.
I -oca I operators found little in the
news to encourage new commitments of
any site and thus the session was again
largely one of Idle professional Rice anil
take. Some people attributed the stag
nancy to the fact that the March posi
tion continued in the process of liquid**
lion. Interest of late has been more or
less centered on far off months.
The local spot market was net un
< hanged at IS.40 cents for middling.
Delivery on contract here totaled 2,900
bales. In New Orleans spot cotton was
quote<| unchanged at lfi.75 cents for
middling. Sales there were of 1.345
bales.
nans* of prices : Prev.
Open. High. Low. < lose. close.
Mareh IS. 11 1st:! 17.07 18 09T 18.07
May 17.93 18.01 17.82 17 97 0!! 17.00
?Inly 17.28 17.39 17.22 17.36-39 17.28
October ...16.85 10.08 1?.8'J 16.05-07 16.88
Ileeembcr ..18.83 16. St 16.7." 16.81T 16.72
January ..16.60 16.69 16.62 18.65-67 16.33
LIVERPOOL.
