The Montgomery advertiser., 1904-01-24
COTTON IS SELLING AT
 141-2 CENTS IN MONTGOMERY

| drawn yesterday by an observant cotton man. High cotton and general prosper | ity foreshadows more manufactures and business enterprises.
 There are many men witl, capital who i make business of lending or advancing money to farmers" he said. 'They have been obtaining a good rate of interest for this money. Now there is going to be less demand for this money than form eriy existed. There are many farmers who will need no advances and there are I great many who win need less than l they ever needed before.'
 "Nhe owners of this capital will seek some line Of activity for their tdle' capt. l tal," he continued. Naturally this money will be invested iu manufactures or other business enterprises" The importance of present prosperity. 1 it's significance to the South is not to be lightly estimated.
 If this high cotton market is maln- tained for two or three years" said g. Roman, i've can make a showing here | in the South that will not be equalled by 1 any section in the world"
 Some ccmparative Figures. Comparative cotton figures of this and last year are of special interest at this time. The cotton year runs from septem- Der to September.
 The total crop for last year, the year ending with September. 1908. was 1o.727. .oSs bales According to the Governments late estimate this years crop will amount | to about 100000 bales. There are many who think this estimate is too high. l Cotton. at this time last year. was sell | ing at SIP cents The worlds visible supply at this time last year was 7,7s5.5l6 bales On Friday last the supply of this years crop was 7754.s9.
 | Montgomery has received considerable more cotton of this years crop than the entire total of last years crop. l Last year the city of Montgomery re- ceived a total of something over .ooc bales. Up to last Friday there had been brought to the city 1SS, ,iSs bales. This to- Ital will be increased before the end of the season in September.
 Estimates as to the amount that the city will receive between now and September h vary. It Is believed that tho total will be in the nsighborhood of B.Ooo bales which will include that part of next years crop which will be marketed in August
 Little Cotton in Country.
 There is but little cotton in the country. All the cotton men unite in saying that. lThe weather in the fall was good for gathering cotton. the roads were in good condition and prices were good through out the eeason. Cotton was brought in almost as soon as it was ginned.
 The warehouses of the city are filled with cotton. The bales are piled from the ground to the roof of all the ware houses in every available foot of shelter. There is more cotton held in the ware houses than during any time in the past ten years. This stock of cotton has been counted in the worlds visible supply. The cotton in the warehouses of only three towns in Alabama is counted in the worlds visible supply. These towns are Montgomery. Selma and Eufaula.
 In discussing the effect of the high lErtc"s on thS icr4ag it sl1 ana Mr. forum of Sellers and Drum said:
 No Increase of Acreage.
 T do not believe that the acreage will it can be decreased. All the labor that can be used in making cotton has been used. We can't increase the acreage without increasing the labor. How are we going to do that? Moreover, we have used all the land that could be used for cotton. We can't increase the cotton acreage without decreasing the corn acreage and don't think that will bt .t done. There will be c larger amount oi fertilizer used this year but couldn't Iestimate what the increase will be. More farmers will be able to go ahead this year without advances than have ever knowr and the advances needed by the genera run of farmers will be less than usual"
 In discussing the cotton situation S. Ro. man said:
 There are less farms and plantations for sale than I have over known. Those plantations that are offered are quickly taken. They find ready sale. do moi think that there will be any large increase of acreage. do not see how it is possi ble for there to be a material increase 1T the acreage. There will be, think, ar Increase in the use of fertilizer although fertilize.' is higher than 1t was last year. '
 High Prices to Continue.
 F. B. Fiske was of the opinion that the cotton acreage would be increased.
 These high prices are a great thine for this country" said MT. Fiske. "They are bound to have the effect of stimu Hating the farmer to increase his cottor lands. These high prices will continue fin my opinion. The surplus has been ex- hausted and there Is still a great demand for cotton. It will take, believe, two or three good crops to bring prices to a low level.
 During the past week some extraordi- nary sales of round cotton were made in Montgomery at high prices. Johnstone I and Hammond sold a large lot around fl cents as did Sellers and Drum and Me- Keithen and Powell.
 Real estate men seen yesterday bv rem resentatives of The Advertiser said there had been a marked advance in prices of lands in Montgomery and adjacent coun- 1 ties
 
 The Davbreak Fertilizers are hare