The Montgomery advertiser., 1909-05-20
MARKET ENLIVENED
A NEW LOCAL HIGH PRICE RECORD
 MADE.
A Total of I4O Bales of Cotton Was Released af Figures Which It Ts ~ Said Were In The Neighbor-
 hood of 10 3-4 cents.

ara .- Strict low middiins ...... 10 sis Low middiing .. .-..... s-1sc
 The local spot cotton market be- stirred itself yesterday. the Inactivity of the past few days being broken when a total of about 140 bales were released by the holders at c price around 10 3-4 cents, the highest figure paid for spots in the local market so far this season. With the advancing future market. the local midjling quo tation was likewise up, being quoted at 10 s-i6c, the record for the season
 Reactionists and those who were bearish for turn in cotton had an- other morning of disappointment yes market opened seven points up. ad- vancing all day and reaching the new high price level of 11.15 cents at the close for July. twenty-two points apove Tuesdays close. Outside of the cables the early news was rather bearish considering the good rains sn Texas.
 A very reliable report about the conditions in Texas was received yes the conditions in southern Texas were somewhat improved with the recent rains but that they were still insuf- ficient. Central and Eastern Texas were not complaining as the rains In that section had been sufficient and the cotton had been planted and in some sections was up and doing well, But in the extreme western part ot the belt the conditions were very serious and gloomy as they had not had any rains in some quarters for over five months.
 A prominent mill man from small town near Montgomery was in the city yesterday calling on one of the to buy about 500 bales of cotton from his customers for fall delivery. which he had always heretofore bought him eo sef for r his fsoy6 SwG T S but whicS he owing to the fact that the present low price at which he can sell his manu- factured goods. is below the market price of cotton.
 This party also stated that he kept up with the prices on the different grades of goods manufactured by the southern mills and that 1t was impos- sibfe for them to buy cotton at the at profit. considering the fact that the prices on the finished products are not advancing according to the ad vance in the price of the raw cotton.
 People manipulating the market say that the improved trade conditions and the poor crop prospects for Texas have caused the recent advance in the mar ket but the above are Illustrations ac- cording to local authorities that the trade conditions have not improved and that Texas is not as bad off as re- ported
 Cotton, however. is cheap at ten cents, compared with the price of other commodities as corn, wheat and meat, but the southern mills claim that they cannot at present obtain an advanced price for their manufactured goods corresponding to the advance of cotton and if they have to pay over ten cents for the raw cotton, they have to manu- facture their goods at loss
 The rain in this vicinity yesterday: although not welcomed by the local planters, who desire a dry May for their new crop, will only retard the work for few days and interfere with the chopping season which IS now on in full blast.