The Birmingham age-herald., 1910-10-03
INTEREST CENTERS IN
 GOVERNMENT REPORT
Will Contain Condition of Crop
 September 25
REPORT DENOTES YIELD
Labor Situation Among the Lancashire Mills VIII Have Influence and Weather Conditions Will
 Re Important

New Orleans, October 2.-Present in dications point to the government condi- ton report as the principal event in the cotton future market during the coming week. This will report the condition of the crop on September 25 and will be the last report on condition of the sea- son. It will be used to a great extent in making up crop estimates. The trade generally looks for figures around 66 per cent. A report larger than this probably would cause a drop, while figures below it would result in rise. Should an advance be noted, according to some traders, it is likely that it will be fol- lowed by a quick reaction. which may even result in a net decline. They con- tend that the market Is now long and much of the long interest has been built up on crop deterioration ideas, which, it is expected. will be reflected in the pending report. It is natural that some of these longs. and probably many of them will feel like taking profits if the market favors them on bureau day.
 The condition report will be issued to- morrow at Il o'clock central time. At g o'clock the second report of the season on ginning will be put out by the census bureau. It is still too early, according to the traders, for the statistics on gin ming to have any influence on the market unless they differ very widely from what Is expected at this period.
 After the condition report is out of the way the trade will more than ever seek to ascertain approximately what this seasons yield will be. The condi- ton figures and the acreage will be used a basis to work on, and will be known quantities, but bulls will reckon the probabilities of an early frost and will even take into consideration the effect of an average frost date because of the lateness of the crop in large portions of the belt Bears will not be well dis posed toward this manner of estimating, but will insist on taking the acreage and condition figures at their face val ues.
 It will be easy to forecast a large yield in this manner, but unless the condition figures come in much higher than was expected when the market closed last week 1t will be easy for the bulls to figure Il. GOO 000-bale crop with an average frost date.
 The labor situation among the Lanca- shire mills will come in for more at- tention than ever this week. As the SlludIlOn IS uuueTSlOOu III tllc <AIlciiSdi markets the lockout voted some time ago by spinners Is actually in force. and has been in force since the closing of the mills at noon on Saturday. The course of the negotiations between the master spinners and their operatives will be watched carefully by cotton men all over the world The feeling in this market is that the dispute will be set tied before the week is out, but until it Is settled it will be more or less of a bearisb influence.
 The weather of the coming week will be of importance as the drought is be- coming very serious in several states and is resulting in extensive premature opening of bolls. The continuation of dry weather will be called bullish. Cold CT nights will also have the effect of stimulating prices. Should rains fall on the drought sections and not be followed by low temperatures the bulls would probably receive a setback.