The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1912-01-17
WEEKLY REVIEW or
TRADE CONDITIONS

Il
Is indicated by. the current satisfies
OF bank clearings and railroad earn
ings. In dry goods, while the move
ment continues on conservative
basis, and with an absence of any
speculative expansion, there is. new
ertheless. a. notable influx of buyers
from all parts of the country, and
both the domestic and export demand
for cottons lis good
The Cotton Market.
After working to still higher levels
on the opening day, considerable pres
sure was directed against cotton, and
a moderate decline ensued 1t was
considered by many as being nothing
more than natural reaction follow
ing the recent sharp advance, and
there was pronounced rally later on
active short covering. The market is
now plainly a two-sided affair, with
the long account showing increased
confidence as a result of the brisk
recovery from the low point touched
when the government crop estimate
was issued early in December. How
ever, the largest bullish interests are
not in favor of a too rapid advance at
this tlme, although strong support is
furnished whenever actual weakness
is threatened. 1t is significant that
spot houses have latterly been good
buyers and are advising purchases on
decline 40
domestic spinners shows some signs OF
broadening out. Moreover, no little
emphasis is laid upon the fact that
spot sales at liverpool have kent up
well in spite of the Lancashire labor
troubles, which, it is now contended,
VIII be adjusted before the close of
the current month On the other hand.
many people are skeptical as to lust
when the lockout will end. and the ex-
isting uncertainty in this respect tends
TO promote more or less nervousness
In the speculative markets. In so far
as the statistical position is concern
ed, depressing features predominant.
since 1t is becoming increasingly evil
bales or over for this seasons crop
are apparently justified. This view
was strengthened by the ginning re-
turns made public by the Census Blu
reau on Tuesday. the figures showing
that l4,322,7a6 bales had been account
ed for up to the last day of December.
or fully 1867, 900 bales above the pre-
NlouS nigh record, established in 1909
Of even greater significance, however.
Is the fact that in five states the
quantity ginned already exceeds the
entire government allowance for those
sections, the gains ranging from some
l3,iOO bales in Florida to over SO 600
bales in Georgia, while in Oklahoma
the ginning is within 12,5O0 bales of
the official estimates for that state.
When 1t is remembered that the gin
ning reports will continue to come
In until around the end of March
and assuming that 500 900 bales NAV
be added for linters. it is not difficult
to see that the commercial crop will
probably exceed l5,5000 900 bales AS
regard the outlook for the new crop,
which is now attracting attention a
good deal of discussion is heard about
the threatened reduction in acreage,
owing to the big decline in values dur
ing the past year Obviously, nothing
| definite can be known at this time as
TO what Will be done in the spring,
but 1t is at least gratifying that there
has been ample rainfall over a large
portion of the belt this winter.
From the opening of the crop year
to January 5, according to statistics
compiled by the Financial Chronicle.
9,6l5,966 bales of cotton came into
sight as compared with 8,464 $50 bales
last year and 7,406, ,52S bales two years
ago. This week port receipts were
So4'269 bales, against 254,5O2 bales a
year ago and 161 ,29O bales in 1910.
Takings by northern spinners for. the
crop year to January were ,1O5 ,163
bales, compared with 1,295,026 bales
last year and 1852, 1927 bales two years
ago Last weeks exports to Great
Britain and the Continent were NO.
9O6 bales against 221 ,378 in the same
week of 1911, while for the crop year
5,481721 bales compared with 4,554,-
4So bales in the previous season.
STOCKS of American cotton In the
United States on January were g.
545'227 bales, against 2,O59,696 bales
In 1911, 1,625,384 bales in 1910 and
l9W,141 in 1909; and in Europe and
afoat 2,364,880 bales, against 2,282,-