The Montgomery advertiser., 1909-08-15
COTTON GOSSIP.

There was nothing doing yesterday in the local market.
 During the past week however. a total of almost 100 bales were released In the local market.
 Most of this cotton went at ishc figure. The new crop ought to be coming Into the market shortly.
 The weather throughout this section was favorable again yesterday.
 Georgia received some heavy rains which was unfavorabe. t The market yesterday closed about eight to ten points under Fridays closing figures The first prices of the market were also down on a bad Liverpool and the reports Texas. Oklahoma and Arkansas received some precipitation which was needed and the temperatures are also lower in those states.
 Should rains continue throughout the cer- tral and eastern part of the belt the bull impetus.~
 this section will consequently he closely watched.
 Houston's receipts yesterday were sos bales, all new cotton.
 Liverpool cabled; "Continant soid.'' Following are the opinions of some New York cotton houses:
 Dick Bros. & GOA buliish report is expected from the National Ginners and Miss Giles early next week"
 Edward. Moyse & Co.-"scalping markets are likely to rule until receipts of new cot ton become large"
 Miller & co.-'The technical position of the market is exceptionally healthy and we advise buying on set-baeks."
 Hayden, Stone & co--"we strongly favor long and short pull"
 crusel & Filnn.-"cotton at these prices is cheap and We strongly advise buying on recessions"
 Bailey Montgomery-"Tn view of all ble."
 s. B. Chapin & co-"It Is now more of weather market. This is likely to cause ir- regularity and cratic fluctuations"
 Following is copy of crop letter as
 
 Company of this city:
 Montgomery Ala, Aug. l4 1909. Dear Sirs-
 It is gratifying to report that the further the season progresses the more our, re- peatedly expressed belief Is being verified, that vast improvement on earlier crop prospects for our state was very possible Should the second half of August prove anyway as favorable as the first one we would consider Alabama to have fair chances of making within 10o, 900 to l50 900 bales of last year. This. of course. bas- ed upon average favorable weather condi- tions for the rest of the season, and aver age data of killing frost. It Is true that gularly unfortunate all along this season so far as climatic conditions are concern a late fall could very moderate crop be raised there; but then there are plenty oth- CT more favored sections where conditions promise to offset this reduced production to a very great extent.
 The timely rains, which We reported in our last have been followed by further ones all over the State. with moderate temnera- tures. such as benefited the plant in it's retarded development but in some locali- ties the rainfall has passed the desired measure, and warm, sunshiny weather for the plant in its present fruitiRg stage. While Montgomery and Selma, Ala, have received their first bale. and some cotton will be brought to market in Southern Ala bama towards the end of the month, 1t does not look as if the crop movement for the state would assume any considerable size A great deal of cotton has been sold by the farmers and advancing merchants for fall delivery. but since they can no more obtain 12c. they are holding off.
 European limits remain impracticable, since home consumers have been quite will ling to contract at a much higher basis,
 Yours very truly
 Lehman, Well & Co.