JUMP IN COTTON
Marrh Ctot-aFtta Ftfll Un 42
Points With Other Mirths
Gaining
NEW YORK. JanT 19.—Early de
dines were followed by fulvan'^e
the cotton market today, with March
■ contract* selling i?o from SjLSbfW S8c.
or '2 point* not higher. M*»reb closed
at 38.15c, with the general market clos
ing steadv. not unchanged to 28 points
higher. Present crop positions were
rroTvrrlly V to 23 no^nt* jin^ve vee
ouotetlons. The mar
ket opened steady at edvrnecs of 12
to 26 po*n»r fitx relatively f^nn orgies
end overnight covering order*. This
initial bulge met a renewal of liquida
tion, while there was also some south
ern and local selling,• which appeared
to be inspired by rumors of fult Private
ginning N returns, reports mill cur
tailment in Canada and cort’nued com
plaints a>f difficulty ir. selling cotton
goods at prevailing prices in the do
mestic markets. Offerings, however,
were'much lighter than they were
trailer in the week, and after showing
nol losses cf about 16 to 2D points on
the more active positions prices turned;
upward on covering. According to lo
cal brokers,, the market looked as if
ft bad been pretty well sold, out earlier
In the trading. Covering was stimu
lated during the middle of the morning i
by private reports from Liverpool in
dicating that lebor troubles on the
English railroads would be probably
avoided. May advanced from 33c to
33.37c and July from 31.93c to 32.55c.
