The Birmingham age-herald., 1918-12-10

piI legallzing government war orders
 given without formally signed contracts.
 If this bill passes 1t would greatly bene-
 fit cotton mills and manufacturers.
 The census bureau report gives ginnings
 to December 1 at 9563l24, against s,HS,-
 529 last yaar. This is S56,0o0 for the
 period against 1,142.000 last season. The
 percentage ginned to December last year was S64
 Our market opened as much as 4o
 down. partly on hedge selling against
 some spot purchases over Sunday, buyers
 finding more disposition to trade and
 then on short selling based on the bear
 ish, reputation of feeling in other quar-
 ters. However. the bullish ginned re-
 port could not fail to claim some atten-
 ton and respect and the market soon recovered all loss. It assumed waiting
 attitude towards the second hour ana
 sagged a little on dulfness. The govern-
 ment estimate on Wednesday will set tie the present difference of opinion on the crop good many people still epe- fieving in 100000 without linters, and will give the trade more definite work ing basis. Present prices seem low enough considering supply and consump7 tion prospects.-~Jno. F. Clark X co. Over McReynoIds & Julian's Wire New Orleans, December s.-Conditions
 existing following signing of the armi-
 stice having been relieved, our govern
 ment having made trade agreements with neutral nations, the export of cotton to all but enemy countries now assured, Washington advised before the openingf of the market this morning that prohibi-
 ton of foreign and speculative short , selling of contracts on the New York and New Orleans cotton exchanges, orr dered by the committee on cotton dis tribution November 13., has been removed
 as confidence has been restored.
 | Ginning to December 1, announced at the opening, served as a sustaining fea- ture, only 95e3,000 bales being reported vs 9,n4000 to the corresponding date
 last year and 10,352,000 to corresponding
 date year before last. Thereafter the market sruled easier owing to uncertainty
 attending the issuance of the govern
 ment's annual crop estimate due De- cember ii at 1 o'clock, New Orleans time, as there is the possibility of the
 bureau indicating larger crop than
 generally expected since the last of the monthly government reports of Octo- Der 2 pointed to a production of 1l.SlS- ge9 bales which date there was no gen. eral killing frost until late in Novem- Der is claimed to have added to the size of the crop Washington advises tndl dNdlldDlc loHidbO III efN->~-. titles to allow of exports fully 50 per cent in excess of last seasons ship ments is more than probable.
 Last seasons exports from the united States, exclusive of 270,000 bales to Cani ada and Mexico, were 4,2f5,oO0 bales. un- der the circumstances there is the prob- ability of America exporting this sea son to all foreign countries about 6,727,- bales vs. 4,4S5, GOO last season. If this proves true and if this years crop is not in excess of 100000 bales. includ- ing linters, the world would have to draw to the extent of 727,coo bales on southern reserves carried over from last
 season, as America will likely require
 about 7,00o,0OO bales for home consump-
 tion. Reports from the interior are to
 fhe affect that the demand for spots is
 increasing and pecomng general, and
 the light ginnings offer encouragement
 to soykhern spot owners to hold TOT higher prices, although the governments estimate next Wednesday will have to
 be reckoned with.-H. & B. Beer