The Montgomery advertiser., 1909-12-15
COTTON REACTS TEMPORARILY. Prices Down Eight to Twelve
 Points. EUROPE CRUMBLINC OVER IT Advance Anticipated on Incentives sf Better Buying Spirit. Local Spot Market auiet--Facters Have Larxe Lots oaerias But No Traaes Recordea--HoIders Awaiting i5 Cent Level
 Fer ReIease of staple. 4 T
EUROPE cRUmBLINC OVER IT


 Strict low middling -. If 7-isc
 The cotton market sufrered tenn porary recession Tuesday as the re- dation. Liverpool only made a fair response to Mondays display of strength and consequently Tuesdays E opening prices were quiet, few pofnts up. Despite the strong technical poe eitfon and the good tone. the market closed eight to twelve points below Mondays closing figures.
 Al. the cables Tuesday were bullish and showed more evidence of the for realization of the short crop situation. The drastic movement statistics, the better demand for spots, the anticipa- ton and indications tpf small Rinnin gs I'D to December 14 which will appear are all taken as incentives to q better buying spirit.
 Consequently q further advance ID the market is looked for with only are most generally due 10 realizing Judging from the cables received, the right feeling exists abroad tcwards an advance. European correspondence says that there is much dtscontent and xrumhiing abroad because SC fey have correctly judged the situation in time to protect themselves. Much curtailment and the shutting down Of HILLS mas 1Etn tHIG4LGHtQ anu LdihGt of hnf very little put Into practice SC far.
 The local spot cotton market was very uuiet Tuesday and no sales were recorded. The factors had some largo lots offering and the shippers mads were not forthcoming. spots were auoted steady and holders asked full Guotations.
 The Receipts into the local marke, 1<.x- .,.d taA aaA xf mafeiy 5s6 bales. Only about forty bales were brought to the Square and the remnant of this years crop hauled into the rity for sale. Is gradually falling or. The street price called for 14 3-4 cents. basis middling.
 Very little activity is looked Tor in the local market until after Christmas. As one man put 1t Tuesday. "The trade does not accept the government esti- mate figures but will come to a full realization of them later. I took a trip through the country Monday and I did not see one gin running. All of them have closed for the season, When the short crop situation is fully .dt- gested. prices will go skyward."
 Many of the local holders are hold ing their staple for ID cents or more Several of the local warehouses have hundreds of bales of cotton to offer as limit. One warehouseman said Tues day. we have orders from many os our customers to hold their staple uu- til the market reaches IS cents We have thousand bales ready to offer when that figure Is reached"
 January futures opened two points up Tuesday at i5.05. This month wen. as high as 15.0S .as low as 14.90 and closed at 14.95, a decline of eigh! Dointsefrom Mondays close. The open. ing prices of March futures at 15.4e showed an advance of six points. This month went one point higher and then eased on to 14.26. Prices closed at 142s. or twelve points below the close of Monday.
 The Liverpool market. due s 1-2 to 1-2 points higher, opened firm nine to twelve points up. At noon the Eng fish market was steady at a net ad- vance of 10 1-2 to II f-2 on near and ( to 10 f.2 on disstant months. The market closed at 1-2 a point decline from the noon quotations. Spots were uuief. three points higher with sales Given as 5000 balt~b The estimated ports were 44.o00 baIes. compared to 102.000 bales last year.
 The weather map Tuesday showed fair to slightly warmer weather fp the belt. The forecast Is for far to warmer in the eastern belt; fair. warm CT and partly cloudy in the central section and warmed Tn the West.