The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-26
OPTIMISM is SHARED
BY COTTON MARKET
Following Publication of Census Report There Is
Break of Twelve to Fifteen Points-Active
Demand to Free January Shinment

optimistic sentiment which has do
with reference to general trade pros
| poets has been shared to some extent
by the cotton market. Prices. In fact.
showed considerable irmness during
the earlier part of the week Demand
did not become really active or general,
but ol6erngs ,S were iisht and the mar;
| l2.54 for. May contracts. or about 81
to 73 points above recent low levels
, Realizing In advance of the census
report on ginning to January 16 caused
some irregularitN, however, and fol-
lowing the publication there was a
break Of twelve, to fifteen points. with
last nights closing prices showing re-
actions of twenty points from the high
levels mentioned above. =
5sa ahe census hains report. which showed 49,
was not greatly in excess of the ex-
pected figures. Private ginning re-
Gease tSsaea arer ~ ans week had in
difference of $4,000 bales in ginning for
the first half of January leads to
final figures, The general tendency is
TO compare the amount OF cotton ginned
tor the period with the volume of
S Sin,a Sd for the same period during pre-
probable amount of cotton remaining
70 be ginned are influenced somewhat
by this comparison.
Increased Crop EsfimnteS
II seems quite probable that some OF
me cotton reported ginned between
would have been shown in the com
parativcly small report on ginning for
the half of December, had 1t not been
Tor bad weather in the Southwest Had
me ginning been somewhat differently
distributed between the last three or
Tour periods, yesterdays report might
expected and commonly reported eX~
a nhosaG a AS 1t was; however. IT
with $4,000 bales for the same period
last year. and with an average ginning
or $4,000 bales for this particular
On the average the percentage of the
total crop ginned to January has
poem se.6; last year it was 81. and, to
from the figures, suggested a total
Yield including linters and repacks.
RAJ 81 all The eoN WAY from 14eoO,oO0
timent showing tendency to crys-
tailize or average around 1860. 900
s pareI- r In comp;aring this apparent
., IS inclined to make a consider
able allowance for weight of bales. low
grades. and such inferior. staples as
weight of the bales, according to Sec
retary Hester. has averaged about
IL pounds less this season than to
generally admitted that low grades
mean an increased spinning waste, and
naturally the supply of linters and
boliies will be of little advantage to
The manufacturer of yarns and cloths.
The situation rs to supplies may not.
therefore, be fully represented by an
unpnalihed comparison OF the indi-
chIca crop In bales with supplies of
previous years.
Expect Heavy Taking.
such View of the crop as suggested
ny the latest ginning report would un-
doubtedly have exercised a very hear
lsh influence on sentiment Il few weeks
ago.
More recently. however various de-
NelopmentS have presented themselves
which have created II much moro bull
lsh WV of the trade outlook. Easier
money markets abroad and decline
in ocean freight rates have been fol-
lowed by reports of a more active de-
mand from exporters in the South,
and export clearances so far this