The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1913-11-01
Weekly Cotton Review

eekiy OOltOn hefieW
New Orleans. October 31.-The net
results of the weeks trading in cotton
were decline of II to Is points. TIL.
high prices were made on Monday and
the low prices on Thursday At the
highest the trading months were &c
8 points over last weeks close; at the
lowest they were AZ to A points under.
The range of prices was Al to so points
Heavy liquidation of the long &C
count took place this week and at
times offerings from the bear side were
heavy. Short sales were based mainly
on the theory that bulls had under
estima ted the crop and overestimated
the probable consumption this season.
More favorable crop accounts and high
crop estimates from one or two crop
experts were seized upon by the bears
who led in the selling and were used
with telling effect against the mar
ket
Weather~news was more satisfactory.
on the whole. than it has been of late
although too much rain fell in some
sections of the belt at times during
the week and temperatures were below
the nor raj on almost every day. The
lack of General rains. however, allowed
picking to go ahead in a satisfactory
manner. The low temperatures were
not considered detrimental. as the plan
has been deadened by frost over the
larger part of the belt and cold could
do no more harm. The weather map has
cen stimulant to the market for so
long a time that the bulls keenly felt
the loss of it's influence.
Mill takings for the week We're larg ar
than. expected and helped the mark ;
toward the close. Hester put the taA
ings at $4,000 bales against 402, 900
this week last. year and $4,000 this
week two years ago. Takings thus far
| a nj "A N
bales against 2.1S4,000 year ago and
2 126,000 two years ago.
In the spot department prices lost
Is of cent: middling closing at 1877
against 1870 last week and IL 7-1Gc
this week last year. Sales on the spot
amounted to 1884 bales against 1904
last week and 4475 this week last year
Sales to arrive amounted to 3452 bales
against 1907 and 1912.
World's V;cibIe SUNNY
New York, October 31.--Secretary Hes
ters statement of the worlds visible sup
ply of cotton, made up from special cable
and tele Zraphic advices. compares the
figures of this week with last week, last
year and the year before. 1t shows an
increase for the week just closed of $780,
1o4, against an increase of BAG, 1872 last year
and an increase of 249 923 year before last,
The total visible is 1896, s95, against g.
S70,79' last week, Angola last year and
5000 0S6 year before last. OF this the total
of American cotton is 3.155.S95, against g.
S07,79l last week, $3.50, pa last year and
1904 o36 year before last, and of all other
kinds, including Egypt. Brazil, India ETC.,
LII 600, against 1.o63000 last week. $780,
900 last year and $4,000 year before last
The total worlds visible supply of cot
ton above shows an increase COM
pared with last week of 1896, 104, a decrease
compared with last year of 1889, and an
increase compared with year before last
of 660,S59
OF the worlds visible supply of cotton
as above there is now af1oat and held in
Great Britain and continental Europe g.
247.cOo, against $4,000 last year and L.
1000 year before last; In Egypt, 2s3, 900,
against 2l0.000 last year and 1850 year
before last; in India, 900. against $780,
900 last year and 222,000 year before last.
and In the United States. 1,33S,000. against
$4,000 last year and $4,000 year before
, last.