The Birmingham age-herald., 1917-10-27
New York Futures
Weekly Cotton Review

stimulated by continued cold weather in the south. prices have made new high records in the cotton market during the past week. Near months have been reia- lively finn and before trading in October de. e.lve-ies ended at nooa Thursday, tho price touched 291sc wtSh shorts forced to pay a rrsium of about 15o points over De- ce.Eber before the could secure cover. There was selling of October some weeks ago on belief that now crol cotton would move in this direction for delivery on contract, hut owing to reduced estimates of tn, crop and the fii4nuess of southern markets very little cotton was actuaiiy rendered.
 The sirmness developed ia this con- nection naturally influenced December. the next active position. aiid that dells'- cry has sold as high as 2Slac. making an advance Of over 212c per pound from the low level of last September. Trade in- tCrests have been active buyers of nsar months, but have sold tse more remote deliveries, presumably to shift shoit | hedges, ewing to the uno ertainty of get
 ting cotton here in sufficient quartity to protect their commitments. General buying became much ess active and ag- gressve on the advances. however, and toward the close of the week there was a good deal of realizing with a mora is- dictionary feeling in evidence around the rlng,
 l''le report of the census bureau on gin- hing to October IS was considered a. strengthening cron ideas of around Il, 00p,- GOO bales and after the appearance If
 frcst ever greater part of tho south, cold weather news aposared to lose is influence. No change has been reported ir export conditions but exporters are said to be buying spots in the south and stor- Ing the cotton until ocean freight room Is obtainable. Domestic mill interests were credited with buying freely during the earlier part of the week, but the de- mand from that source was less active later, while southern hedge selling was more in evidence today. Local brokers say there Is disposition in some quar- ters to wait for further light on the exact size of the crop and further developments as to tho attitude of southern holders around the present level of prices, and attribute good part of recent business to the evening up of old commitments E Liverpool, October 26.--Weekiy cotton statistics: Total forwarded to mills 55,0oO bales, of which American, 45,O00; stock, 3b9,000; American, 231000. Imports, 109, 900; American, 76000 exports, none. Port Cotton New Orleans: Middling. 27.75c; receipts. IS, ,2S7; exports. 2446; sales, 6062 stock, 17S,- es2.
 Galveston: Middling 2.65c; receipts, 8975; sales, 74S; stock. 212,783. Mobile: Middling. 27.75c; receipts, 1908; sales. 120: stock. l5.626.
 Savannah: Mlddling, 27ssc; receipts, 4s19; exports, 13.700; sales, 1886; stock, 162,- S06
 Charleston Middling. 27&c; receipts. 2526; stock, 51,6SS.
 Wilmington: Middling, 27%c receipts. 675; stock, A2.61S.
 Texas City: Receipts. 21l5; stock. 515o. Norfolk: Middling. 2SsSc; receipts, 20O0; sales, 6S4: stock. %0.446
 Baltimore: Receipts. 2629: stock 27.G16.
 Boston Middling, 29.05c; receipts, Ill; stock, S7OS.
 Phiiadelphia Mlddlins. 2s.aoc stock, Gsi2.
 New York: Middling. 2S.s5c; stock, sS,557 Minor ports: Receipts, 6221; stock, 14.269. Total today: Receipts, A,765; exports, l6.l46; stock, S60.SQ1. Total for week: Receipts, .40S; ex- ports. 789S6.
 l Total for season: Receipts. 7,7ss.2sa; ex- Interior Movement Houston: Middling, T.35c; receipts. 13.- elO: shipments, 12,25s; sales, 4429; stock. llS,T44
 Memphis: Middling. 2s.6oc: receipts le 2ss shipments, 627s; sales. 24oO; stock. i10.3e5.
 Augusta; Middling, 2Sc: receipts sSs2; shipments. 1795; sales. 2o96; stock. lO5,092 st. Louis: Afiddling, 2sc; receipts, 29X shipments. 2S74; stock, 2664. Cincinnati: Receipts, 14S; shipments. 446; stock, 1S,914
 l Little Rock: Middling. a7.75e; receipts, 200O; shipments, 1929; sales, 1292; stock. 2S,679. Total today: Receipts, S2.7is; ship ments. 23,4S9; stock. 4l445s. New Orleans Cotton New orleans. October 26,-Cotton had no decided trend on this market today. working In narrow fluctuations both above and below the level of yesterdays last quotations, and closing z points off to ? points up, net. Influences of the session about balanced and neither side was able to carry prices very far, On the short side the main argument was that the market was overbought and ripe for Q reaction. On the long side there was an increased disposition ,to make extremely low crep estimates and,