The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1912-02-07
WEEKLY REVIEW OF
TRADE CONDITIONS
Condition of the Markets as Told In
Dun's Weekly Review Of Trade and

DuhS weekly hefleW OF Trade and
Finance.
suddenly breaking out Of It's ,rut,
cotton, late in the week, scored a sub
stantial advance in response chiefly
TO unexpected strength at Liverpool
and large buying by spot interests
here. For some time previous prices
had backed and filled in monotonous
fashion, but the pendulum finally
the South sold freely on the rise.
There are those who believe that pric-
es will ultiamtely be carried still high
er, and base their contention primari-
ly on the steady demand for the actu-
al staple, especially from the mills
abroad. 1t is true that exports have
been diminishing somewhat, yet re-
ceiptS are also decreasing and ship
ments abroad thus far this season
have reached the imposing total of
about 6,75OO0O bales, or some $780,
600 bales more than Tor the same pc
rlod last year. This is evidence enough
that foreign spinners, and particular
ly those on the Continent, are willing
to buy cotton around present prices.
and it is significant that even the low
er grades have been taken on quite
a liberal scale. Then too, the SPOT
markets at the South hold distinctly
firm and farmers are apparently not
inclined to press their supplies for
sale Moreover. the large spot bust
ness transacted in Liverpool from day
to day cannot be ignored, while ad-
vices from Manchester tell of a good
demand for cloths. Reports from do
mestic dry goods centers are also bet
ter and, on the whole, the trade sit
uation is undoubtedly improved. Look
ing at the other side of the situation.
there looms up the unprecedented crop
of at least l550O,0O0 bales, and prob
ABLY quite bit more, and this means
that large surplus will be carried oy-
er even after allowing for the most
liberal estimates on the worlds CON
sumption. 1t is too early to talk about
the result of the next crop, but there
is significance in the fact that the
weather has been unusually fine in
certain sections of the belt this winter,
and not few people scout the idea
that there Will be a material reduc-
ton II any at all, in the acreage in
the spring. While impressed by the
heavy buying of the mills abroad. the
bearish element are not losing sight
of the light takingG by northern spin
ners, which are over 100000 bales
smaller than year ago. Added to all
this is the labor unrest in New Eng
land, the strike at Lawrence throwing
many thousands of operatives out of
employment and making rigid economy
necessary,
From the opening of the crop year
to January %, according to statistics
compiled by the Financial Chronicle.
lO,72O,l20 bales of cotton came into
sight as compared with 9,2G6,237 bales
last year and 1893 $50 bales two years
ago This week port receipts were
334,262 bales, against 1SS,O84 bales a
year ago and 1896 bales in 1910. TAX
ing by northern spinners for the crop
year to aJnuary 26 were 1,277,573
bales. compared with 14S0,129 bales
last year and ,461.16S bales two years
ago. Last weeks exports to Great
Britain and the Continent were 3O1,-
SIT bales against 1S3,gS3 in the same
week of 1911, while for the crop year
6.92 ,i3S bales compared with 1924
o2i bales in the previous season.
Stocks of American cotton in the
United States on aJnuary 26 were O.
l97,@97 bales, against 1,793,S15 bales
in 1911. 1,5i6.3S9 bales in 1910 and
l,S77,l53 in 1909; and in Europe and
ailoat 2,7l5,2S9 bales, against 2,372,1S3
bales last year. 2,1S7,33 in 1910 and
2,7i6,0@2 in 1909, a total of 4,942, CSC
bales, against 4,165 99S bales in 1911.
3,73@,72O in 1910 and 1929 in 1909.