The Montgomery advertiser., 1908-11-09
SEASONS GINNING
TAYLOR WRITES OF
 CONDITIONS.
He Declares Crop is Practically Ginned and That Remainder should Be Held for F Ia
 Cemta.S


 President T.. A., Taylor of ths Ma tional Ginners Association. has issued a. circular letter to the ginneFs and planters of the ginning operations of the present cotton season. He draws as a conclusion from his review the conviction that the remainder of the crop of 1908 should be sold for not less than 12 1-2 cents pound.
 Your reports show that there has been ginned to Nov this year S,051,000 bales and that the crop will be 1l,S61,- 900 bales not including linters or re- packs. This is some lower than gen. eral expectations, but the loss seems to be principally in 1ouistana and Ok lahoma, where the crop is the shortest on record The weather has been al- most perfect for over two months now and with plenty of labor and cotton all open earlier than known before in years, there is no reason why the ginning shoould not be even larger. The farmers seem to have sold 1t very freely. especially in Texas, where the crop is good in most of the counties. but only few of them report as good as 1906 and they are some of the smaller producing counties in the west and southwest Ellis County has about the best crop in the State and will only make 141,o00 compared to -152,o00 in 1906. There Is a large number of COuIlLlcS LldhlhH AOoS SAAu A0SN years short crop. If the present weather continues, the crop will be all picked by Dec. 1, except in Okla homa,. and Western Texas. Even the Mississippi Delta will be practically through.
 Cotton is a cent a pound lower than last year at this time with the panic on in full blast. while now business has recovered to nearly the old basis before the panic. The election is over and large contracts are being placed for coal. iron. steel and other material and 1t looks like every laborer in the country will be at work in thirty days. The mills has used up their in- visible supplies, and at present prices would consume over 13,000,0O0 bales. while the commercial crop will be at least 1000 under that figure.
 Notwithstanding the heaviest move ment on record since Oct. 1S the market has advanced $2 per bale. Near ly all the members of the New York and New Orleans Cotton Exchange are bullish and have large lines of contracts on the long side, the sales being nearly all hedges against the purchase Of spot cotton from the farmers As soon as the heavy movement is over, the mills will buy this cotton from the cotton merchants and these hedges will be bought in and will cause the market to adVance gradually 10 much hlgher figures. The balance of this years crop sh ould sell for 12 1-2 cents, and | strongly advise the farmers not to sell another bale under il cents unless you have to meet your obligations.
 Another reason we have got to have higher prices, is that cotton can not be grown in the boil weevil district for less than II cents at a profit The yield per acre is not half as much and the cost of cultivation A great deal more. As this district now covers a | territory that produces over 5000, ,0OO bales, the price will have to advance or the acreage in the weeviI district will be so greatly reduced as to raise less than the worlds needs and cause extreme high prices as in 1903 which the spinners do not want.