The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-11-28
ADVANCE IN PRICES
IN COTTON MARKET

builishusss % the many lower crop
estimates which have appeared there
recently. This has made IL much
stronger market, and at higher range
| OF prices than the great majority of
trade Interests and cotton spectators
| had thought could occur in the face OF
such g continued heavy movement OF
/ the crop and continued unsatisfactory
| reports from the yarn ana cloth mar
kets and dry goods centres generally.
! Starting out with rise OF 80 10 40
J points at the opening OF the week, on
/. the smaller ginning report OF the
| Census Bureau than expected, and Mr..
Lyless crop estimate. OF but 1o,si5,oo0
| bales on the actual yield, and 1855
(; commercial crop, the market continued
| to broaden with the progress OF each
| days trading. The advances OF yes
terday brought prices UP to 10 and
SO points over the closing quotations
tor the general option list of last
| Saturday.
The advances yesterday carried De-
| cember and January deliveries up to
l4.65; March, 1918. and May, to 1886.
There are new high records for the
season on this years crop for all OPP
tons beyond January. The previous
nigh record was 1914 for March, and
1871 for May. on the last bull move
nent and crop scare several months
ago. The markets at New Orleans and
Liverpool have kept pace with this
markets advancing tendency. and this
time no aggressive bullish manipula-
tion has been required to maintain
the rise 1t has, in fact, been sternu-
ously resisted al times by the opera
lions OF the leading spot interests and
some OF the largest professional opera.
tors.
Revising Crop Estimates.
All crop ideas of between $4,000, 600
and 1a,ooV,00o bales now seem to iav.
been abandoned, for the smaller crop
s estlmates OF ll,ooo,ooo to 11.5O0.0O0
still much dispute as to whether the
trade has been justified in going TO
ms extreme. But there does not seem
70 De any question that larger crop
.nan lLooo;ooo bales has been re-
spiDners on their requirement. This
mas been looked upon as necessary,
IN view of the shortage created in
mn M. STOCKS, and the worlds visible sup
p Id es, from the crop failure of but
ll,vI,99ee.ooV bales produced last year.
Eliisoh has been claiming 11,50O,Ooo
would De required to meet the worlds
Spinners requirements, and others have
held the same views. IT remains to he
seen whether the governments reports
80, ~ ear r.; next month will confirm the
90 IT Is the opinion there will be notI.
ing left for the shorts to do but IN
kets afford t'tai
The The sro 0rG e and and u IT'S Marketing.
and about so per cent. of it has beer
SltIheo, as Judged by the S.S74.0Oo
pales shown to have been sinned 10
november S.. Is in last Mondays report
Soe th Soo census hn,l Bureau. OF this total,
INTO nv slght or marketed UP to NovenH
Ger 10, according to the figures OF the |
E lnancial Chronicle, against 5sn1 ono
iast year with 2.546.1S2 bales exported
v 70 mat date, against 2.677,94s last
. . n n@,, ana American spinners, takings
a a,SvV,oo' last year The coming gov.
eminent reports will be the mos, IN,
p tsn OF the season in helping the
80 que TO arrive at definite idea as
00o noo ,le the crop is as low as IL
v vvyioVo nales on the actual Yield or
sun as good as 1850, 900. or the 90
teports' the first issued will ba that
OF the Census Bureau on Decan ,ha.
o ., Shislhs the amount ginned to De.
foiin" ef !, and the other, which viii
i ~ official estimate on IN sila
" m me crop by the Agricultural Rurnam
ne governments Crop Estimnt.
tina, Deee,hper the governments cs
VS. MAS le,osS,o0o bales, and 1t turned " a.,
llmaiiy lo8S6,ooo bales. This total , az
sWeiled later BY the commercial nova
iment including linters and ren nvr'
r ,hil me receints OF considerable Of
atiis seasons Texas crop in the AL ~
gust .fe$etpts, to about 1os1oooo
Ne .he hsures OF the New Orleans and
ne" york Cotton Exchanges. II the
governments estimate Of early navy s"g
month comes as close as 1t did LAD
year on the actual yield ii will lie
making pretty good record. ri us,lalIv /
estinales the crop fairly close enough
10 SATISFY the trade IN small or
moderate crop years. bul has bean ~
ooo,ooo to 100000 bales loo low on biz /