The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-08

Now i"iN. bCccfibcr the Conton
market was advanced from the weak
closing conditions ant the cnd OF last
week my bull support carly this week
20 To % points FROM last SATURDAYS
final quotations. The larger daily spot
sales At Liverpool and Tho numerous
crop estimates put out averaging H.
100000 bales. and souo bad weather i'm
Texas interfering with the gathering
OF the remnant of the crop there
and rctardiuE receipts. was made the
basis for this movement. II failed
however. 10 secure any responsive buy
ing support from local or outside in
forests for either Investment or spccu.
'a''V. purposes As matter Of fact.
the large daily spot sale reported nj
Liverpool have been mostly the re-
suit of Manchester s1inucrs calling,
cotton purchased on optional contract
some time ago When the price is
fixed" for these deliveries, the snot
broker Immediately covers himself. and
the transactions are then reported
rho transactions arc generally made
at this time for December deliveries
y sood deal Of the Same kind of bust
'ess is likely TO he put through here
during the course OF the next two
weeks, fh" market Weakened on cf-
forts az some OF the largest BUYERS
81 carly in tho week 20 sell out on
ThurSday. and broke quito sharply just
~, IS'or""E' thc dc
points. With the nnai prices the low
est for the day and for thu. wcoi.
bccember selling at 1870. Jailuart-
~, -" g an" May l2."2
1, S"o" Il net "ccilhH OF
80, ~ January, ana Tour /"
,,,,,.. months rom iaSt
,,,nro -, -, 9't's ".,H' as"'nSt an ad-
which closed al 1910
governments Crop Estimate.
The average or tho ,src.i MASS
crop estimates announced bcr, o,I -,
the South aud at Iivrrpuol ~, No..
month is for a ;otal cr,n incl,,Ji,.,.
lintcrs Of about li.3cn. ono balog ,a.,i,,.!,
duced on the Census I;,,r.o,.s ,icnrns
last year. as contrast.d ,vi,,, ,i,
cord crop OF tG.IcO.0oo bales tI,. MO-
Nious year. The Governments.
crop estimate due ON ia. .r,n,,
Of December ~. is .xne..t.d r,u..,..,.
TO report not much if am, n,..r -
100000 bales as its figures are, oIwo,..
i-ivcn in running b.I"s OF Tho rrns
weight of 300 pounds each Dnt i,,rl,,l
ing lintcrs. which in :, ron ~ ~.
si2" would amount to about ron ono
bales. The liutcrs iu I,st s.,.n,,s
crop were the largest ON rccord ~,
ErcgatiuG $4,000 bales a.,;Dst go:
"pp the previous wear and mas ohu :,
1910 and $4,000 in 1908
The governments crop estimates ,.o
figured out SO coiiserva,ivclv tj,at 49,.
arc mover allowed To ovcrestimot. ,i,,
yicld. # they did so. the ..rc,,ns,
howl would 90 up from plants ANA ~
various farmers unions in tho Snu,b
For this reason tho ficurcs in ~.
coming government CROP r.nort win
undoubtcily be lower than ~. ,.,,
crnl avcrar" Of the trades nxnoc,n-
ton. Bat ALLOWANCE. is always m,i,
IN the trad" for such underestimate
lherctor" ii any sharp bulge in uricrs
occurs. il is likely to prove ONLY ten,
porary-unlcss, of course. tho govern
ments estimatr should prove surnris
inGiy low
The Ginning Figures
Before this ;YIuual crop estimate
from the Agricultural Bureau T., an
nounccd. there will be published n min
n'ng report from the Census Bureau
at 10 o'clock on Monday. December ).
"n'ch VIII be very important as aivin.
IN" trade better line on what tho
governments crop estimate may be.
u VIII Sive the ginning of tho cron 10
december |. AS the weather coi,li
tons the past month have heen more
a