New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-27
BIG COTTON CROP
SHOWN BY GINNING
Indicated Yield l5,500,000 Bales
Export Conditions Better
Trade Hopeful.

According to the official census re
port there were ginned 7,6l0,6s2 bales
Of cotton from the current crop 70 DC
tober 1s this year, comparing with
6,973,5ls bales to the same date Lass
season and 7,75s,62l bales to the same
date in the big crop year of 1911.
These figures indicated a record break
ing outturn by the gins between Sep
TENDER 25 and October 10 this year, or
4,22s,sl9 bales, against 4,Os2,o27 III
1911, and while only 264,200 bales had
been ginned in Texas at the beginning
Of September this year, the total up to
October 10 was 2,712,7l2, comparing
with 557,544 and 2,7OO,OS7, the respec-
tive figures in the big crop year. On
the average for the last seven years
about 4S per cent Of the crop has been
turned through the gin houses by DC
tober 10, and on this basis yesterdays
report would point TO yield OF about
1880, 900 bales of lint cotton this sea-
son.
While the census report was con
sidered in line with the larger estimate
of the crop, there seemed to be more
optimistic feeling as 10 the probable
course of prices. The announcement
that Great Britain had declared cotton
non-contrAband of war and would not
interfere with shipments on neutral
bottoms made a favorable impression
on sentiment. Germany, it is under
stood, has been endeavorlng 10 buy cot
ton on considerable scale, with
view TO accepting deliveries at neu-
trail ports, and the ruling Of the British
government Is expected 10 be followed
by an early improvement IN exports.
Meanwhile progress is being made with
plans for financing surplus supplies.
and while local spot people reported no
immediate improvement in demand yes
terday, there is a feeling that with
most of the so-called distress cotton
off the market buyers will find the
balance in very determined hands. II
is pretty well known that once the
farmer hauls cotton back from the gins
and stores fer better prices il requires
a considerable advance TO bring IL back
on the market. This is what many
farmers have been doing this season,
as may be gathered from comparing
into sight figures with ginning returns.
while the increased movement into
sight now noted will doubtless be fol-
lowed by heavier exports.
Liverpool cables announce that be
ginning with this morning the price OF
January-February in that market will
| be 455d. At the Ggreed-upOn differ
ence, for purposes of international
liquidation, this would be equa, to
about 7.60c. for December in the lc,al
market.
Local market for spot cotton nomi-
nal. Southern spot markets: Calves
ton, bc higher, at SIC; sales, 1874
bales; New Orleans, firm at sac; sales,
500; Mobile, &c lower, at enc; SavaH-
nah, steady at SAC; sales, 1898:
Charleston, quiet at SAC; Wilmington,
steady at SIC; Norfolk. quiet at sac:
| sales, 237; Augusta, steady at 6%e.
sales, 1880; Memphis, steady at she:
sales, 200; st. Louis, quiet at exc;
Houston, Be higher at csc; sales, Al
Little Rock, quiet at enc.
Liverpool, Oct. 26.-COTTON-Spot
in good inquiry for both new and old
crop. Sales, 1900 bales, including 2,lOO
American, on the basis of 5.0Sd for
middling. Imports, 9,527 bales, includ
! ing 9y507 American.