The Montgomery advertiser., 1909-12-23
SPOT DEMAND
INCREASING
Spinners Buying Staple At
All Centers.
COTTON AT IS CENTS AGAIN
L,cal Sales Wednesday Total
l.734 Bales.
market Advance. and All Months show
Further cain OF 10 ro,nts--East
Iaai& Crop Dam.ses--Dry
Goods Reports Are
Excellent.

q p.
StrietSmiddlfng ............l5 c
Strict low maiddiins. ..'.....is 5-sc
with legitimate buying power
created and with good demand for
spots received from all quarters, the
cotton market continued it's advance
toward higher levels during Wedres-
day's session. The opening prices
were unchanged TO four points high
er and all months closed with ten
point gain over Tuesdays close.
10 accept the inevitable and buying
cotton at the prevailing prices. The
December spot demand has set In and
m Gotten s . snsfs bsSs s1 SS0SS sus
the mills need supplies. The holders
realize their position and are securing
their price and there has been less
the approach of the holidays than for
many q year.
together with the buying there was
come realizing and profit taking. But
was sold and the advance was well
maintained. There mas been a decid-
ed change In views since the issuance
sus publication. Furthermors. there
In every evidence that Europa has un.
derstood this change ana Is. begin
ming to realize the true situation.
the I local spot c cotton MARKET Wednes-
day when o total Of 1,734 bales was
released by the holders. This was the
largest total sale recorded IN me city
af the market. strict smiddling also adj
sanced and when the IS cent nE q Q
was reached, the factors ordered vdt
fer sale the large lists q the high
The shippers were Out. looking
around early and several large lots
were ITO bales. 1874 bales $50 bales.
$50 bales and zoo bales at the sew
eral warehouses. But the feature OF
vas secured for the majority Of this
cotton. A few OF. the trades were
made a shade under this level.
The local holders have been hold
FOR several weeks. or ever since they
got a taste of this high price earlier
In the season. When notified We'd
sgsn reaohea his hsrs level some na of
the holders decided 60 walt for the ls
But even with the market at Is
"a bales which changed hands We'd
tion Of almost $4,000 Much more
cotton is expected to be released and
tinnes for day or two. there will be
many a. bale OF cotton solo,
The, total receipts by rail- and wss-
on into the city Wednesday amount
ed to approximately $40 bales. About
i50 bales of wagon cotton was brought
to the Square The street price was
quoted at IA Us cents, basis mid
ding. M
The opening for january wednesday
morning was unchanged from Tues
days close at 1920. This month went
as high as 1872 but closed at $780, or
ten points higher rnan its close on
Tuesday. wednesday's opening for
higher at 1853 Prices advanced
steadily to 1857 and closed at 1854.
an advance OF ten points over Tues
day.
The Liverpool market, due six high.
er on near and about i've up on later
months, opened steady at -four. to
five points advance. The market clos
ed three to six higher on near and
unchanged to three points higher on
distant positions. Spots were quiet
at ten points advance with sales
given at 5000 bales
The weather map showed clear cold
weather over most of the belt The
forecast Is for continued cold 10
slightly warmer.