The Birmingham age-herald., 1920-12-11
Weekly Cotton Review
Rv Associated Pres.


 New York, December 10.-After sell ing about cents per pound above re- cent low records at the beginning of the week, the cotton market showed re- newed nervousness and irregularity. There was a feeling around the ring here that the advance to 16.57c for January deliveries had met some in- crease of spot offerings in the south and with goods trade conditions show ing little, if any, improvement at first hands, there was evidently a disposi- tion to even up accounts before the publication of approaching government reports.
 Two of these are to be issued next week. the first scheduled for publica- ton on Monday will be the annual estimate of the crop, while the census report on domestic mill consumption for November is expected on Tuesday. Much less than the usual interest has been shown in the probable govern ment estimate. and comparatively few private authorities have issued figures on the crop. The estimates published have ranged from 12, ,39S, 900 to 13,000,- 900 bales, excluding linters, and local brokers say the market is probably prepared for a government estimate of between 12,500,000 and 12,750.000 bales. The census report in ginning to De- cember 1 was about in line with ex- pectations. showing 10,144,321 bales against S.S44,36S last year. According to statisticians this figure on the basis of the average percentage ginned to December 1 during the past II years would point to a crop of not over 12,- O00,000 bales, but the larger crop esti- mates are encouraged by the fact that ginning was late in most states and talk of cotton having been held in seed.
 Reports reaching here from London say that there will be a reduction of one-third in the Egyptian cotton acre. age for 1921, and there have been nu- merous reports from the south regard ing agitation for a cut In the area planted. Resolutions passed by con vention at Memphis favored a reduc- tion of one-third in acreage or 50 per cent in production. Numerous bills have been introduced in Congress to aid to facilitate exports, but uncer- tainty is felt as to action at this de- cision.
 Hester's Weekly Cotton Ststemens
 New Orleans, December 10.-Compari- sons are to actual dates, not to close of corresponding weeks:
 In sight for week, 3S5, 600; same seven days last year. 509 0O0 same seven days year before, 393,0o0; for the month, 549. GOO; same date last year, s2s,00O; same date year before, 554,000: for season, 4,919, ,000 same date last year, 6,069, 900; same date year before, 5,379.0O0
 Port receipts for season, 2,943, 900; same date last year. 31s4,OO0; same date year before last, 2,393, GOO.
 Overland to mills and Canada for sea- son, 276000; same date last year, 645, 900; same date year before, 634, ,0O0
 Southern mill takings for season, 112s,- 900; same date last year, 1,S11, GOO; same date year before. 1,844.000..
 Interior stocks in excess of September l. 569.oo0; last year, 42sooo; year before, sos, ,000
 Foreign exports for week, 123, 900; same seven days last year, 152,OO0; same seven days year before, 10S.o0O; for season, 2.032 900; same date last year, 2,233. 900; same date year before, 1.497,o00.
 Northern spinners' takngs and Canada for week, 27,000; same seven days last year, 1O6.000; for season. 494,000; to same date last year. 1,161,000.
 Statement of spinners' takings of American cotton throughout the world;
 This week, 265,O ,OO0 same seven days last year, 399 000 same seven days year before, 310,000; total since September l. 3143,00O; same date last year. 4,927 900; same date year before. 4.22o,o0o.
 Statement of worlds visible supply:
 Total visible this woke. 59o6.000; last week, 5,75S, 900; same date last year, 5,5l7,- 900; same date year before, 4.245.oo0.
 Of this the total American this week, 4,26o, 900; last week, 4,137,00 last year, 4,319. 900; year before, 3,091 900.
 All other kinds this week, 1,645 900: las: week, 1,S21 900; last year, .19S 900; year be- fore, 1,154,000.
 visible in the United sttaes this week. 2628 GOO: this date last year. 27s4,00o.
 Visible in other countries this week, 3277. 900; this date last year. 2.753,ooo.