The Birmingham age-herald., 1909-12-25
BULLS RAMPANT
 IN COTTON MARKET  Sixteen-Cent Staple Inspires Them With Confidence SINNERS ARE ALARMED Yield Is Certain to Be Small While Worlds Demand for the Actual
 Cotton Shows no Signs of
 Letting Up.
SINNERS ARE ALARMED

New York, December 24.-The bulls cents would be reached by Christmas time. They have been favored by reports of a better spot demand in various parts of the south, a bullish ginning report last Monday and evidence, as they believe that trade is in much better condition than many had supposed. Certainly. the sentiment has been generally bullish.
 Believers in higher prices dilate on the fact that the spinners' takings of late have exceeded the receipts. They also be- lieve that spinners are in many cases be- coming alarmed under realization of the fact that the crop Is really small even if the recent government estimate of 10,0SS,- GOO bales may have been too low. Those figures and some of the ginning returns are regarded by some as too small for the average credulity. but the idea is spread ing that apart from this the yield is ac- tualIy several millions below the worlds needs. More generally it Is stated at 2,500, 600 and the prediction is made that before the close of the season wholesale curtailment will be compulsory.
 The yield is not only small in this coun- try, but is also said to Se much smaller than usual in Egypt. Some recent esil- mates of the East Indian crop are smaller than at one time, though the yield in that quarter is expected to be comparatively liberal Of late Liverpool prices have been stronger than looked for, the spot sales there increased on Thursday, and from parts of Texas, Alabama, the Caro- linas, Tennessee, Georgia and Louisiana reports have been received of a better de- mand for the actual cotton.
 The farmers are believed to have sold considerable of their crop at high prices and to be in position to hold the remain der for some time to come.
 Fall River mills refused to accede to their employees request to close on Fri day, December 24. for the Christmas holf- days, and this is taken as meaning that trade in that section is in no bad way Indeed the reports indicate a gradual inn provement in the cotton goods. The holi- day trade has been very active. General trade is improving. Silver has recently | advanced materially.
 
 altogether too high and that sooner or later there must be disastrous break l in prices as there was in the Sully cam
 paign. This element expects the south to
 plant an enormous acreage during the 1 coming spring. one that may conceivably
 mean crop under favorable conditions of
 Is, ,ooo, 900 bales.
 On the advance there has been heavy 1 liquidation by big operators and others. 1 Federal legislation on the subject of cot 1 ton futures has been introduced and may
 be carried through during the present ses-
 sion of Congress. Cotton manufacturers
 are in many cases bitterly resentful of the 1 present high cost of raw material, beiiev- l ing it to be largely due to speculation. l The general sentiment elsewhere is bull l fish. based on the proposition that consid- i erations of supply and demand must ulti-
 mately force prices to a higher level, however regrettable from the manufactur-
 CTS viewpoint this may be.