The Birmingham age-herald., 1911-01-09
NEW ORLEANS COTTON . MARKET CLOSED TODAY Cotton Ginned Report Is Very / Important INCREASE IS EXPECTED Large Movement Causes Discussi0n, as Bulls Say Is Due to Heavy De-
 mand, and Others Say to
 Large Crops
INCREASE IS EXPECTED

New Orleans, January S.-The New Or leans cotton market this week will not open until Tuesday morning owing to Monday being the anniversary of the bat tie of New Orleans. The first thing Tues day morning, five minutes before the trading in the futures begin, the census bureau will issue a report on the amount or cotton ginned up to January 1. It had for some time been assumed that thls report would be of no special conseuuence but rumors from the interior that gin- neries were again increasing their work ing time have caused considerable inter- est to be attached to the figures
 The average expectation Is probably for report of around Il, 100000 bales, which would mean that something over 100000 bales had been ginned In the period be- tween December 13 and January l. In the same period last year 2s9,O0O bales were gfnned. This increase, 1t Is claimed, is due wholly to the ginning of threshed cotton, that Is, cotton that has been threshed out from frozen bolls. The result cannot add much to the supplies of spin nable cotton, since the lint is extreme ly inferior in grade and peculiarly liable to rot, but 1t adds to the figures of the total crop and, therefore, from a techni- cal standpoint is a bearish factor. Tues udy s report VIII compare WltH 5,off,oZi bales ginned up to January l a year ago and 12.4s5,29s ginned up to the same time two years ago. With the census report out of the way the trade will be able to give its undivided attention to the statistical situation which is now unfold ing Itself in a very interesting manner To many the very large movement has meant that the crop is larger than the pop ular estimate of Il, 500, 900 bales. The bulls LAxr n1l >1o N1,at 4t-- L movement has been the result of a heavy demand. During the last week port stocks increased while interior stocks began to shrink and the visible supply for the first time this season showed decrease instead of an increase in its weekly variation. Il 1t not improbable that statistics this week will do much to settle the still existing ds- pute over the approximate size of the crop. Unless developments that cannot now be foreseen arise, the market will be influenced mainly by statistics for some time to come.
 The larger port stocks have aroused a great deal of discussion. Freight brokers and bulls have claimed that cotton was brought to the ports to await steamers and that January exports bid fair to be the largest on record. Bears have claimed that much of the cotton brought to ports was for sale. This coming week will end the first half of January and, if bullish claims are true, large clearances will be reported from the cotton shipping ports. If these clearances are seen they are likely to have considerable effect on the market
 Reports from the dry goods market are assuming great importance. Advices from England have been very bullish while ac- counts from this country have been very bearish with the result that they have balanced one another If anything hap pens to disturb this balance this week, prices will immediately reflect the change