The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1906-10-14
MAND FOR COTTON
II NANUFACTURERs CANNOT
HOPE FOR OVER SUPPLY.
- Nave Deen FILLED by Piece Meal
III au0veRyfhlAg COnspires to
ROree Coed Prices for the

Il ~ 0edford Mass Mercury.
hrouEh the natural operation Of the
ANooll established laws Of supply and de-
Il S11ched ! high price level that gives
and merchant run
u = lines Of the daily reports In the past
{6oek, 1t can readily be seen that the
sat restriction Of production when
zone on for months ,a because aoroed 81 buY e
-. to realize that they cannot secure
id - close to cost price as they ala
hen the cotton market was fluctuat-
& n Htldly in price and constantly being
&36A to abnormal values.
2xy2At any time since the first OF August
sa41 this year it has been within the
4estic cotton goods to raise prices
hove the levels now prevailing. and
Ut. too. without any great expendl,,
s6ny unusuai business risk fhe fact
&GnpIained in some measure by the gen
q HsAl financial conditions. but IN larg
"A measure. perhaps, by the fact that
ii ~ whole south had become imbued
18Th the idea of the greatest cotton
|Seep the world has ever known Con
n &ev0ttve observers have steadily de-
"A 1ared for some time past that there
sXo1 nothing to warrant the -expecta-
loo OF anything more than crop OF
Twelve and quarter million bales
nm the acreage and conditions report
- 10 August /; nevertheless. southern
onufActurers and southern planters
I've acted for weeks as though the
Il ACTION was to drop out of the cotton
sXalhes and It was useless to attempt TO
Dt sound business value for manu-
sGnctured products.
asn4 consumption not less than eleven
'aond one-half million bales will be re-
'FGsired from the American crop to In
soure the mills of the world enough
S6ton for actual use and In view OF
~ large demand for goods now COM
ING forward 10 cents per pound Is not
high valuation to place on the cot
The fact that the demand referred to
E9As really arrived in this country IS
10 longer questioned. for during the
week It has manifested itself in va
&Sety Of ways. More notable than all:
~ has had the effect Of absorbing all
ne heavy cottons which had accumu-
s3ho duiiness Of the export trade. thus
tAking from buyers the most potent
SrGument they had for the expectation
N4f lower prices before January OF next
sfssr. Not in a generation has the New
Fork market witnessed such scenes a.
those Of the past week. when print
cloth brokers were talking Of vii. wild
heads OF old established bleached goods
houses were telling Of the impossioiil-
" of catching up with business for the
. next four months at the earliest.
Discounts have been shortened ana
prices have been marked up every day.
and the largest buyers from the west
and south have been scurrying about
frying to secure deliveries Of some KIND
.Aon goods purchased three and four
months ago. Invoices Of goods coming:
i Forward have been split to shreds. and
scustomers who purchased 100 cases
have accepted deliveries of five cases
without complaint.
All these things and many others
have appeared. and they are of interest
zparticularly because they refer to the
Foods that are in most common use in
the households of the country The
people have money and they are buy
Ing steadily, and there is nothing In
the Immediate outlook to warrant the
SEASONING that there can be any change.
unless great panic occurs, until long
after the spring buying is ended There
may be a week or two before the new
year when trade will fall flat, but there
II nothing at this moment to show that
There will be more than enough goods
TO go around after the books for this
year are closed.
In mercantile circles the matter Of
the demand for goods Is the uppermost
cause assigned for the scarcity, but