The Montgomery advertiser., 1901-12-04
In 1he Financial World
IT SHOULD GO HIGHER
PRICE OF COTTON NOT AT TOP
 NOTCH.
The Current Season Was Commenced With Visible Supply of e17,- 900 Bales-Foreign Market
 Again Opening Up.

NEW YORK, Dec. 3.-tspecial.)--Th Gov ernment report on cotton. issued today, esti- g, ,674. 900 bales, has created q great sensa- tion in the cotton market, and has resulted York markets during the three hours after its issuance of approximately h cent pound. .rssar rePot fully sus.sns the erOp cerns as Messrs. Latham, Ale lander & Co. Meg Messrs J; H; Parker & Co and the very full
 5000 sinner. 'sae and 5000 saas.Ts ' and rne@ mer ordinarily reporting the crop to the Asricul- tural Department. have furnished valuable ners have reported the amount of cotton ginned between Aug 18th and Nov: goth, this year
 Aside from the fact that the indicated crop | of s.674.ooo bales is much below what many alleged crop experts have anticipated, the most uent that the average net weight of the cot ton bales f)r the entire cotton belt is 4662
 Sersse m M least te nss S l2 pounds per bale below the reported aver number of bales is. therefore. rendered more pronounced by decrease of nearly per cent crop m 'ns os oo & is % so's a an additional deduction of 200. o0o so that the cotton world: if the Government report be accepted as conclusive (and the marvellous ord of the department for accuracy in the re- cent past abundantly justihes such an as- Xmsficsn cotton of only s.4oo oooo Ses bales. ''
 Although the market has advanced quite large yet appreciates what such a supply means In order to correctly appreciate the situation we must go back to the seasons mately e.4oo. 900 bales. By the end of that cotton year, notwithstanding the fact that we over from the previous crop of approximately 2ooo. .ooo bales. cotton went to "a, a pound York and the miis were forced 0ae to stop % tSer spinners, because. even at this price. the cot ton was not obtainable at the end of the sea- son.
 We commenced the current season with a visible supply of only eI7.ooo bales. or less than half that with which we commenced the season of iS9s- 1900. The crop according to the Goyernment reports is approximately the same. There has been normal increase in the consumption of American cotton. which is now estimated by MT Ellison the accepted baes If tse estimate of the American crop is correct and the consump- ton continues at the present rate. there would. vacuum. in the. supply. This is. of course. commercially unthinkable.
 Prices must advance to a point that will compensate, such unequal conditions between supply and demand or, in other words figure selling at cents in Fall River and the American dry goods trade in a condition of un- eTasd eo wh The o s w,rG % as the work of pacihcation by the powers pro- gresses: there would seem to be little likeli- hood of any great decrease in the demand for manufactured cotton goods in Europe. and 1t is not unreasonable, therefore. to expect that the history of two years ago will repeat it. self and that very extreme prices will this year be recorded
 In any event. thanks to the intelligence of the Agricultural Department al Washington. the South Is this evening the unmai keted portion of it's crop nearly two dollars a bale, or say S9 900 0o0 better off than it last night. and with the advantage of the present portion in Its hands. the producers of cotton will have themselves only to thank if they fail through Judcious action and sound commercial sense to realize very much higher prices for their most valuable crop by holding it until price justified by the pyesent small supply is obtainable.