The Birmingham age-herald., 1914-03-14
Weekly Cotton Statement


 New Orleans, March 13.--Secfetarv Hester's weekly New Orleans cotton exchange statement issued before tho close of business today shows an in- crease in the movement into sight com pared with the seven days ending this date last year in round figures of 19- 900 decrease over the same days year before last of T1,000 and an increase over the same time in 1911 of 79,000. For the 13 days of March the totals show an increase over last year of 2g.- 900, decrease under the same period year before last of 1S9.000 and an in- crease over the same time in 1911 or 143,000.
 For the 19i days of the season have elapsed the aggregate is ahead the 1a4 days of last year. 712,0o0 behind the same days year before last 765.000 and ahoad of 1911 by 2,277.o00
 The amount brought into sight dur ing the past week has been 1S6.642 bales against 167.230 for the seven days ing this date last year 257.2S5 year before last and 107,64S same time in 1911; and for the 13 days of March it has been 33S,071 against 30S,S62 last year, 527,421 year before last and 194.- 5S1 same time in 1911.
 The movement since September 1 shows receipts at all United States ports 9.075,2S7 against s,667,134 last year, 10.506,230 year before last and L. s53,0S7 same time in 1911 Overland across the Mississippi Ohio and Po- tomac rivers to northern mills and Can ada 93S.274 against 911,S25 last year, 94S,320 year before last and 776.215 same time in 1911; interior stocks in excess of those held at the close of the l commercial year B75.425 against b39,- c21 last year. 446,1S1 year before last and 425,219 same time in 1911; south ern mills takings 2,S33.000 against g. O924 42S last year. 1,7S6,733 year before last and 1,590617 same time in 1911.
 These make the total movement for the 194 days of the season from September 1 to date 12921 9S6, against 12.2l0.40S last year. 13.ss7 464 year before last and 1o,- 6f5,0S6 same time in 1911.
 Foreign exports Cor the week have been i15.366, against 95.s30 last year, making tho total thus far for the season 7,270,25A against 6.925,294 last year. an increase or 344,960.
 Northern mills talxings and Canada dur ing the past seven days show an increase of 1892 as compared with the correspone- Ing period last year. and their total talk ings since September have decreased 111,326. The total taltings of American mills, north, south and Canada. thus far for the season have been 4.fi0.0i5. against 4292,3 3S9 last year. These include 2,03S3G, by northern spinners, against 2.1i9 65a.
 Stocks at the seaboard and the % lead- ing southern interior centers have de- creased during the week i.G56 bales. against decrease during the correspond ing period last season of 31.424 and arc now 1s0.534 larger than at this date in 1913.
 Including stocks left over at ports and interior towns from the last crop and the number of bales brought into sight thus far from the new crop, the supply to date Is 13,24s408. against 12 575,721 for the same period last year.
 Weekly Cotton Review
 New York; March 1S-The cotton market has had a sharp advance dur ing tho past week with May contracts selling back to the 12-cent level and some 50 points above the low records of Monday.
 Reports of better spot demand and apprehensions of later start than ex- pected with the new crop. owing to un- settled weather conditions during the past month, probably have accounted for some of the buying, but the ad- vance has been most generally attrib- uted to scare of old crop shorts grow ing out of the failure of the March premium to attract shipments of cot ton here from tho south.
 It has been matter Of gossip in the local market for some time past that d very large number of May and July contracts have been sold hers
 
 the expectation that an accumulation of low grades in the local stock would cause still wide differences. So far. however, there have been comparative ly few shipments of cotton here for March delivery and from these ship mentst there have been heavy rejec- tions, particularly of cotton from the southwest.
 The situation in this respect is sup posed to have led to some modifica- ton in the views of straddlers and at the end of the week May contracts here were selling 120 points under May-June in the English market as compared with 140 points last Mon- day
 A private report was published early in the week indicating an intention on the part if southern planters to in- crease the acreage under cotton nearly per cent; but the figures attracted comparatively little attention. Reports from Alexandria forecast an increased area under Egyptian cpt >~ss sea son and tho contipp of the East Indian crop mas been ac- oompsnied by increased estimates of yields. Spinners' takings of American have remained full. however. while predictions that the large percentage of poor cotton in this years growth would leave an inadequate supply Of the more spinnable and tenderable grades. have been one of the features