The Montgomery advertiser., 1907-09-08
PLANTERS IN GOOD SHAPE Cotton Will Be Very High. ALTHOUGH CROP IS SHORT Last Weeks Advance is Only a
 Starter. Prominent Local Factor Says It Is Bet ter To Raise one Baie For Ten
 Cents Than To Raise Two
 For Five Cents--spin-
 ners Are All Short.

Even if Alabamas cotton crop Is as short as it is claimed 1t will be I believe that the farmers will be as we'll off as they were last year, for there is little doubt but that the price will make up the difference this yeas, said a well known cotton factor yes- terday. "When a bale of cotton brings s100, which they about do now. in- cluding the sale of the seed, farmers ton, despite the fact that the crop Is very short"
 My observation Is that it is cheaper to raise one bale ce cotton for ten cents per pound that 1t Is to raise two bales for five cents per pound, and this Is the basis on which we are liv- ing at present. A crop thas is twenty five per cent short this year is better at fifteen cents per pound tLsn the crop last year at eleven and twelve cents do not believe. however, that the crop is as short as many people try to make believe it Is. have been through some of the counties In which it is claimed that there is h shortage, and the crop looks pretty good to me. It is a fact that in some localities the early crop is damaged by the drouth. and other causes. but as rule the crop is good, and at present is opening rapidly
 short Crsp.
 Clerk H. c. Bnlingslea, of the De- partment of Agriculture. returned yes- terday from Maplesville. and said that the cotton in that section was badly damaged. being short nearly fifty per cent in some instances. Young boils, he said. are dropping from the stalks by reason of the extreem drouth and hot winds, while the leaves are curling up under the extreme heat,
 Reports from other sections, how ever, are not so discouragfnR, except in the case of the early cotton's sec- ond or top crop.
 The attention of the farmers gen orally now is centered on the market. The staple has advanced fifty points during the last week, and many be- lieve that this is only the beginning of the rise. New York is bearish. New Orleans Is bearish, Liverpool Is bear ish, all because the price is high.
 High water Marx.
 Not for thirty-six years-IS71--ha has October cotton sold around 12:s5 at this time of the year. The whole cot ton trade has gone short because any thing above twelve cents means big profit for the planter, who will make all the cotton he can.
 Farmers in the South are beginning to realize that spinners can pay eigh- teen and twenty cents per pound For cotton and then make money, and lots of 1t. Print cloths are selling at hVe and one-fourth cents per yard. One pound of cotton will make seven yards of print cloth. This means thirty-six and three-quarter cents for cotton when turned into print cloths. All this is the reason why the spinners are paying fourteen cents per pound for cotton without grumbling.
 Market Is Strong.
 According to a majority vf the New York brokers the cotton market is in a strong and speculative position. The spinners of the world are on the short side, and they have sold millions or bales ahead in the form of contracts for yarn and cloth, and they haven covered by buying either cotton or con tracts. They have sold goods at such price that they can afford to pay much mora for cotton than the present level. While speculators are hesitating about whether the price is too high. the spinners are going to, buy what cotton they need.
 The census report on the amount of cotton ginned up to September will be given out tomorrow at 10 o'clock. The report of the bureau of statistics will be given out on the same day, and there is little doubt but that both of these reports will be very ouliish. and neither shorts nor spinners are going to wait until they are issued to do their buying.