The Montgomery advertiser., 1909-11-30


 Strict mfddiing.... .. ....14 1-4c. MfudilnS... .......l4 i-sc.
 Because threats against the bull movement in cotton cast a shadow over the market Monday, prices sagged and January futures closed IS points lower than Saturdays closing figures. The market deported itself in leisure manner throughout the session. It was evident that the Sunday rest was uneventful and that the trade had not yet come to a good understanding of the significance of the small crop esti- mates. Although the market declined IS cent cotton Is still regarded as an Investment level rather than an ex- aggerated price.
 Beyond the possible receipt of a few hundred bales of the staple. the local spot cotton market spent quiet day Monday. Buyers and sellers continued apart and consequently no sales were recorded. Factors had some staple off, fereing and the shippers made some in- quiry. Despite the decline, spots held up in price which shippers deemed im- practical. No new demand was report ed by the shippers and the holders. whose confidence in higher levels is still unshaken. kept their holdings in storage.
 Those who buy and use cotton have a deep-rooted conviction in their minds that the short crop situation has been exaggerated and that 15 cents is an abnormally high price, made so by speculation. Those who seek to im- press the trade that this years crop Is actually small. will have to over come these odds. Besides this. 1t Is said. that threats have been made to invoke the Government to prevent the support of the Southern holders of spot cotton by capital.
 The movement is already beginning in a startling way to confirm the sto- ries of a short crop. The supply on Ca. k.. ~T. rbo. 43e,x k1. picking is generally conceded as over in many sections, and in some local ities the gins have closed up. All cot ton centers report decided falling of fin receipts. In fact. the important de- velopment during the past week in the cotton market was the fulfllment of predictions of decided falling off in receipts
 The local market is no exception to the short crop talk. The total receipts of hil the warehouses by rail and wagon Monday amounted to about 3S0 bales. Only thirty-five bales of wagon cot ton was received at the Square and all the cotton had been stored by noon. The price paid on. the street was 14 3-6 cents.
 The cotton market opened, Monday { points off to points up for different months. However, the threats and The decline was steady and all months closed IS to IS points lower than Sat- urday.
 December futures opened at 14 s5. or 1 points down. This month went as high as IA. 36. as low as 14.Ie and clos- ed at l4.2l, a decline of IS points, The opening prices of January futures were { points up at 14.62. Prices went as high as 14.63, as low as 14.36 and closed at 14.3S. This month declined 19 points
 Liverpool showed a little spirit Mon- day. This market. due 1-2 to 31-2 points higher, opened steady to { points higher. The market closed steady to points up on near and . net adavnce of to points on late months. Spots were quiet, 6 points higher. with sales given out at 5000 bales.
 The weather map showed partly cloudy to fair weather throughout the belt Monday. Some general rains were reported at points in Texas and Okla homa. The forecast is for unsettled weather to local rains in the Western States and partly cloudy to warmer weather and rains in the central and eastern parts of the belt.