The Montgomery advertiser., 1908-05-12

Strict mtdonng '''..co s-AoS
 There was no trading in the Montgomery spot market yesterday and on the big oulge ifl the contract markets local cottons were content to sit down one minute, stand the next. all the while holding finger eye. 9ver one eye to keep the jumps from startling them from their well bred composure After the wires had ceased to click the spotters got tosethsr and said that iosS SoeS %eSd iheS generously left the question open So that anybody who wanted to could call It hisher or lower nobody had time to pay atten-
 In the midst of that ancient chorus, which is as popular now as IL was wnsn r us the apple, that ne,er refrained from refrain. II told you so,' which was chanted by all were to be heard explanations. First of all. out of deference to the stranger, it was said that continued heavy sales in LiySrpool- 2e.00o bales. yesterday-did very well as an appetizer for the bulls who were already hungry and ready to eat up anything.
 Then from New York there came more corroborative testimony of the corner or aJufy's there. New Orleans, not to be out done in that spirit of commercial courtesy responded ey ssyinE they b were hssrs sGe Seeame sit'' in the game of puss in corner. with never a chance to win. though they had metaphor, very heavy going on account of the eye-dust that the mills have been throwing in the pretence that they were ---
 That there Is an incipient corner on July's psDasn' ,v sS0wn bg Sut the fscs that Jsls netsed
 gain of 35 points, while the new crop months. notably October. took on only If.
 Here Is some believing rom pull m Memphis who Is just returned from the Eaat and who would seem to have thought q good deal before he decided to make a
 ..I found that the railroads have been in such fine condition that the middlemen do not have to carry stocks but can get them in a week or little more to any part of the United States. This enables them tt ao business without eaTryins n m dsssrsa ,ss wItt the trade conditions existing at that time This means that the mills have had to beal
 ..New I find another feature to this The wholesalers in centers have allowed then stocks of goods to be depleted or at least run to a very low ebb. . have questioned railroad agents about the pro. Dortion of inbound freight against outbound freight of certain so o,sss nsr csna ana of tSe ter Now what does all this mean but that the mills are carrying line of stuff that Is breaking their hearts. but which wouio not be a drop in the bucket if distributed This curtailmetn has been heavily oVerdone, The milIs claim that they nave been run run ehe equivalent of q complete shutdown foi four months thirty three and one-third per cent reduction Of output for one year Whence. then, came all this tremendous stock of manufactured goods
 C Tha mills can be relieved of all their stock in a couple of weks if the jobbers so will lt: but the latter have been feeding the mills some of their own pap. the same medicine that the mills give the farmers of inc south; whenever these mills sell theiI stock of manufactured goods
 They will have sold their goods at the bot tom and will have to buy their cotton at the top. have never seen more bullish sit uation; practically complete shut down oi four months by American mills. and thu visible supply of cotton still soo.o0O balei less than last year. when cotton was sell ing near 13 cents 8 pound.