The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-11-03

New York November There was
II decline from the high prices OF last
saturday and early Monday extending
In 80 Noints for October contracts to
81 on December and SO to 20 on Jan
uary. March, and May deliveries by
late Thursday, and ut the opening of
the market yesterday. This was due TO
the heavy pressure OF liquidation
forced by the rcactionary movement
OF thc markets ut Liverpool and the
activity OF the bear element develop
INK no what had ben an overbourht
and overbulled technical supeculativc
situation. October contracts. which
sold as high as II 4 cents. went down
late Thursday afternoon to 1851, while
December. which sold At laos. broke
L. 1850. and january. March. and May
declined from about 1850 10 1927.
II WAS not until these low prices
We're reached and the liquidation had
apparently run its course. that the
suiinp was checked. Then renewed
huNnS 10y the large spot houses and
spinncrs' agents who had withdrawn
from the market when prices were be
ins advanced above the l4c level, de
Nelopcd III sufficient quantity 10 at
tract attention. This caused = great
deal OF covering OF short ana new
speculative buying yesterday. With tho
result. that prices were rallied - TO
week and closed firm on about that
basis. with december ending ut 13.15.
January. 1915: March and May, 1885,.
and next July deliveries. 1888.
Movement OF the Crop.
The movement Of tho crop has been
on very heavy scale throughout the
entire cotton belt tho past week. Tho
total amount brought into sight is
12Iloo bales, against $4,000 last week
2."oo last year, and Gsl.ono in 1911.
This makes the total plantation move
ineut from September 10 date 4509-
600 bales, against itSa.o0o during tho
same time last year, and A1ll.0o0 in
1917. OF this amount 2,366.2"1 bales
have been exported since the opening
of tho cotton statistical year on Sep
tcmber To date against 2.3o7.336 tho
same time last Year. Worlds spin
nors' talings Of American cotton for
this week are estimated at 400. 900
bales. against 35o.oco last week. and
$4,000 last year This makes tn. total
worlds spiuner's takings about 2.3vo-
90" bales from the opening OF the sea-
son on September ], against 2.20i 600
for the correspondents period last year.
The increase IN the worlds visible
supply Of American cotton this week
approNimatcs 32o.ooo bales, against
33l. oee increase last week. AMI 3i5.-
600 increase this week last year. The
present total worlds visible supply Of
American cotton IS therefore now
about 3.tS0.coo bales, against S.6l7 600
last Icar. The total amount OF con-
tract cotton available at New York Tor
deliveries II now UP to $4,000 bales
against $500 week ago. and G7.0co
last Year. There are now 5000 bales
in licensed warehouses; here. against
only 5000 last week and 1000 last
wear
Crop through Making.
The freezing weather which occurred
over the northern HALF of IN. belt
this week from Western Texas through
oklahoma and tn. Memphis District.
and also through most If Arkansas and
the Northern half Of Aississi Ma
baua, Georgia, and the Western half
light frost extending rs far south a.
below san Antonio and New orleans.
and Pensacola in Florida. and to Jack !
souvil!e. and along the Atlantic Coast
I" savanna. Charleston. aud Whining :
tom. has finished the crop. III" cotton
plants continue u produce until l:ill.d
10y freezing temperatures. Therefore
10 further cotton Viii develop except
what may come from tho more niaturcd
hollis opening The TOP crop has ac-
cordinely been cut Off 10 the smallest
proportions for a number Of years past.
The frost which occurred on october
-. Il ami -. when the cold
wave first developed, did not cause amy
great INJURY and IL was not severe
enough 10 more than prevent the plants
from developing any further blooms or
,icw Dolls
THIS w.ek's freezing weather 81,
three different occasions covered sUci,