The Birmingham age-herald., 1918-12-05
Over McRevnolds x Julian's Wire

vi, es ara indicative of a smaller crop
 than the last monthly governmeht fore
 cast, or less than 11,sls00o bales predict
 ed october } by Washington. since which
 date no general killing frost matertalized
 entil late in November which should
 have added materially to the size of the
 crop. bringing 1t above the 100000 mark
 if carly official indications were approx
 imately correct Following yesterdays
 rrrnor that the National Ginners' asso- ciatjon estimates this years yield at only ii 3CsD. 900 bales, exclusive of linters. there
 was issued today the final crop estimate
 of the Southern Products compnny, the probable produstion being placed al ii ST .0o0 bales without linters. However, there are other private estimates of
 larger proportions, some in excess of F.. 0l, tO0 bales without linters. Therefore,
 there Is still the possibility of the gov ernment's final estimate, December ". being over i2,0Un.0G0 bales
 Nevertheless, the smaller private crop
 predictions of late have given tone te the market, and If they are confirmed
 by the government next week, the mar ket would likely continue te gain
 strength The government has removed nearly all restrictions on exporting of
 cotton to allied and neutral countries More tonnage is promised this month. uerhaps ia a large volume next month,
 and there is talk that the ocean freight ra tA from north Atlantic ports to l.iver-
 pcol is to be reduced from $S.5o per lo'
 pounds to s4.50 in February. Except ipf the uncertainty as to what the koN- etnment crop estimate may be, on the ltfinstsnt. general conditions surround inc inc market appear to be improving slowly. with prospects of becoming bet ,rr still in the near future, perhaps very m,ch better eventually. providing the trada is furnished with the necessary tonnage to export cotton freely to lsu rope.
 nmi-weekly movement at l3 lnterios towns shows receipts only lovu iass year. is1. 900. increase in stock 5000 las vaar 4o, ooO. The outlook for exports in- rr2A s,ne is encouraging heavy shlpments Indicated from New York, New Orleans -alveaton and perhaps from other ports in thA near future. Washingtons trads asvicss are to the effect that there is less iisbositIsn to economize since the afml- stice was signed, retail business being good.-A. X B. Beer
 Hubbard Bros. & Co.'S Letter New York. December 4.--The mar : !ket this morning opened hiSner anu advanced quite sharply on 4 nlnl.ea vott,me of speculative buying attracted hv .evernl low crop estimates from prIvste sources. This demand waa not followed by any buying from trade ac- count and was supplied by the slow ssfIinr from the south which has GOV cred on every advance recently Fms selling has brought about slow de- cline 10 the close. The future course of the market depends upon the adjust mient of goods prices. not only in this country but throughout the world WA continue to believe that on some What lower basis for the raw mate rial than present prices, 1t will be pos sibie for the dry goods merchants of l the world to begin to supply their civil l fan trade. When this occurs of course 1 the demand will soon appear in the
 market for the raw material. As to 1 what price level will attract the civil I ian trade everyone must decide from
 Experience and information which he can obtain from the dry goods merchant
 in each local market.-fiubbard Bros.
 Co.