The Montgomery advertiser., 1909-03-14

Trade seems to be afraid of the com ing census report. which is feared to be larger than anticipated.
 This checks buying for the time be- ing and may cause temporary easiness, but new crop outlook too bullish for much depression" comments a New Dr. leans broker.
 The rainfall throughout the cotton belt for Friday follows: Amarillo, 20; Oklahoma City, .04; Abilene. .01; Fort Worth .01; Taylor, .32; San AntonIo. Se Se and Sa2eaog r2inng Corpus and ran a5d Shreveport, .02: Fort Smith and Little Rock. .04: Memphis, 06: Vicksburg. 2S: Meridian. .66; Montgomery. 80; Nashville, 70; Knoxville. A and rain Augusta. .50; Charleston, .22; Savan- nah. .16 Wilmington, .06; Charlotte, 80; Birmingham. .O1; Macon, 1.42. last year, while the coming into sight Is about the same. There is no pres sure of spots in the United States. Ex- ports are large again in spite of the Ls certainly not bear feature for the United States.
 There has been less demand today than for the past few days and the best orders have been on @ basis of g 9-16 cents" writes Savannah broker. re- for fully mddling, for which 1-16 high CT basis was paid for limited quan- tity Holders have been unwilling to accept the above basis but some cot without finding buyers. Since the close the market is about bare of orders with light offerings.
 The present apathy in the mark ct probably results from a recognition of the fact that supplies are adequate for this seasons needs, while the price IS not especially attractive to either buy CTS or sellers for purposes of specula- ton. But 1t goes without saying that any development calculated to give rise to doubts as to the supply next season would change this state of apathy into tween consumers, speculators and ln- vestors.
 "A slight decline during the week was quickly recovered under renewed buying of the new crop deliveries on the widely prevailing Idea that the next crop will prove to be small one" balanced letter. This is the dominant influence in the cotton market today before scarcely a seed is planted and world have bought the surplus re- maining after the consumption this season, together with the supply on hand last September. Therefore any lIQu III lIlc uOIu4HSS or IillS crop has been absorbed by purchases of the next one at time when the spinners and manufacturers have few, If any, contracts ahead for the delivery of cot ton goods. In fact, the American yarn prices are stated to be as low as they were last October. when cotton was also lower than today. We must rec ognize and give due consideration to this widespread condition. as 1t is the new factor which Is expectd to appear in the cotton market each season. In other seasons when the manufa cturer was engaged months ahead such a con- dition did not exist but this season 1t does, and as we have stated 1t is the controlling factor.
 This crop has turned out to be much larger than the early estimates giving a large supply trade has not improced as 1t was expected it would after the turn of the year, but cotton has advan>ad and the advance is main tained by the purchases made by par ties not generally interested in cotton on this theory Usually there Is some opposite idea advanced and defended by either spinners or merchants. but this season both of these interests hold large stocks of cotton and are antici. patng the success of this so widely disseminated theory.