The Birmingham age-herald., 1919-05-10
Weekly Cotton Review
Bv Associated Pres,


 New York, May 9.--The cotton mar l during the past week with prices show 1 ing tendency to react from recent high levels under realizing or liqui- dation and scattered selling.
 Reports of a very fair business all most daily in the southern spot mar kets have been taken here as indicat- ing that holders were willing to sell quite freely around the present level of prices. This has promoted the dis position to close out long commitments after such a rapid advance as that of last month and there may also have been some selling on rather a more optimistic view of coming crop pos abilities.
 This has been based partly on re- cent private reports suggestive that the decrease in acreage may be nearer 10 than IS per cent while there was also more favorable view of wealth CT conditions in the south during the earlier part of the week.
 The weekly report of the weather bureau read more favorably than the previous reports published this season and the situation in this respect prob ably will be led to some local western | Trade buying helped to absorb the contracts sold on the decline of about t15 to 127 points from recent high lev els, however. and the market was firmer toward the end of the week with much of the loss recovered owing to the continued bullish character of the news from the goods trade and prospects for increasing exports.
 It was reported in this connection that the supreme economic council at Paris had made arrangements to sell raw cotton to the Czecho- -Slovak re- public and there was also rumors cir culating that large credits for the pur- chase of cotton here would be estab- lished in local banks as soon as peace was definitely concluded.
 According to private advices ocean freight room for 60,000 bales was en- gagged on board for shipment of cot ton from New Orleans to Liverpool at the government rate of $1.75 per 10u. Houses with Liverpool connections have been among the buyers here and new crop months. Notices aggregat- ing about 5000 bales have been issued week: causing some scattering near month liquidation. against May contracts during the Testers Weekly Cotton Statement
 New Orleans. May 9.-secretary He's ters weekly cotton statement is as 
 Comparisons are to actual dates not to close of corresponding weeks).
 In sight for week, 1000. same sev. en days last year. S7,000; same sever days year before, 71.000; for the month 13s. 1000; same date last year. 95,000 Al A. c. son, 9,S3S,00; same date last year, Ill., 931, ,0oo; same date year before. 11.s12.- 900. Port receipts for season, 5.10o.o0o same date last year. 5,s44,0o0; same date year before last, 6,715,000. Over land to mills and Canada for season. ]. 1.070, 900; same date last year, 1.42S, 900; same date year before. 1.323, ,000. South ern mill takings for season, 3.100.000; same date last year. 3.242.000; same date year before. 3.42s,oo0 Interior stock in excess of September 1, 56S.000; last year, 57S,000; year before. 444,000. exports for week. 141 .000; same seven days last year, 10000; same sew en days year before, 15,0c0; for season. 4, ,170,000; same date last year, 3,538,000; same date year before, 4,s36,0o0. North 1 ern spinners' takings and Canada for week, 14,000; same seven days last year, s0.000; for season. 1,62s.000: to same date last year. 2.54s.000.
 Statement of spinners' takings of American cotton throughout the world 1
 This week. 133.000; same seven days lag. year. 154.000; same seven days i year before. 2OS,0o0; total since Sep- tember 1, s,277,000; same date last | year. s.s7o.o00; same date year before. 1 II. .2s7. .00o.
 Statement of worlds visible supply: |
 Total visible this week, 6.156,0O0; last ] week. 5.165.O00; same date last year, 1. .004. 900: same date year before, 4.118,- DO0- Of this the total American this I week. 3.4S6,00o; last week, a,4o40oo: