The Montgomery advertiser., 1909-08-04
COTTON GOSSIP.


No offerings or trades in the local
market yesterday.
The weather stili continues favora-
BILE throughout this section.
The market declined about 80 points
yesterday on heavy liquidation togeth-
sr with bear raid.
The bears were busy and continued
to hammer the market down.
Liverpool was not as much enthused
as expected over the Government re-
pert.
This was taken as an indication that
Manchester spinners were not worried.
The National Ginners' Association is
the deterioration Of the crops Of the
belt 2.3 since July 25 when the last
statistics were gathered for the Blu
reau report.
A local planter who just returned
from a Western. trip. states that the
crop In the Mississippi is very bad.
The demand for cotton goods Seems
to be widening.
II is possible that the first bale may
come into the local market In the next
week or SO.
Usually about 1900 bales Of the sta
Pile have come into the local market
during. the month OF August but this
year the regular cotton movement il
not expected until September.
Some say that there will be big
scramble for the cotton when 1t does
many Of the European spinners will
get left.
Many of the foreign spinners have
sible crop disaster with indifference
and skeptieism.
other authorities say that there Is
the country. that nearly all the mills
are well supplied, and that when the
new crop comes into the market there
will not be much demand
Still others say that the prices of
the market are already too high aud
that the market Is beginning to dis
count already.
The decline In the market yesterday
was attributed to manipulation.
Texas and Oklahoma are still suffer-
ing from the lack OF rain Iall and
high temperatures.
This together with the additional re-
port of the Ginners was enough to
make the market soar any other time
Nevertheless the market is very ner-
vous and sensitive.
Galveston got ten more bales yester-
day making total of fifteen up to
date
Houston received forty-three and sa-
vannRh three new bales yesterday al
so.
New York wires: Market very bull
ish, liquidation checked the advance"
Liverpool cabled: with favora Bile
cline. Trade cannot follow these
prices"
Raleigh, N. c., says: Most damag-
ing rain the past twenty-four hours
we have had this year. The crop is in
a precarious condition In this section"
Following is the weekly weather re-
port:
Rain fell during the week in all pori
,tiOns of the cotton region except that
there was no rain at many stations In
Eastern Texas. The rainfall was less
than one inch at all stations in Texas
saltwater reported more than one inch
of rain. The weekly rainfall exceeded
four inches over southwestern Louis
lana and also at Kosciusko. Miss Liv-
ingston. Ala, Rome. Ca, and Yemas-
see, s. C. The mean temperature for
the week was rs to 80 degrees over the
Eastern portion of the cotton region,
and 81 TO Sc degrees over the Wes-
tern portion; the highest mean tenn
perature being SO degrees over okla
homa. There was an excess in tenn
perature west Of the Mississippi and In
Western Tennessee. and the tempera.
ture was about normal or below over
the East Gulf and South Atlantic
states Tha greatest deficiency was
four degrees at Birmingham. The
highest temperature recorded during
the week At the several peRuIsr weath-
er bureau stations in the cotton region
was % 70 "a deRraeH over the Ela If Arn