The Montgomery advertiser., 1909-12-01

the mills intend to use the last bale in the fight.
 The Southern holders are backed by the bull capital.
 With all this before the market a reactionary spirit exists and the mar ket is left to take care of itself.
 The technical portion Tuesday had improved and the undertone was bet ter.
 Prices opened few points down and closed steady at net decline Of about two months to unchanged for all months.
 The big bulls have not been forced from the market but have been content to sit and wait.
 All eyes are turned on New York and Liverpool.
 The English market has been merely conforming to the price changes In the New York market.
 LiverpooPs spots sales Tuesday were only 1000 bales at point decline for middling.
 New Orleans reported a little more ore business Tuesday with about 1o0U bales released, mostly to i'll November shipments, Prices were firm and there was no pressure to sell.
 Wires from Texas and Oklahoma re- port that the continued rains during the past three days have destroyed the remaining top crop.
 The total receipts ,f Tuesday at cot ton centers was estimated at 95.0Ou bales against 10S.00O bales last year
 t,.Aa o,-- ket Tuesday were small at approxf mately 423 bales by rail and wagon.
 Wagon cotton at the Square amount paid ranged from IA 3-16 to 14 IA cents.
 1 Dick Brothers. of New York, have sent out a crop estimate of lO,55l,000 bales, which Is exclusive of linters.
 New York is of the opinion that the market looks ready for an advance and very bnllish
 A big South Georgia min owner wired: Seventy per cent invoices cot ton received this morning show aver age weight considerably below 4U0 pounds. and some under 300. This get ting general in Georgia and Alabama.
 Oklahoma City wiied "our men all esily eans S eompisted. % Some p few 6olis or or low land cotton that may open but quantity negligible. my own .observa, tfon and reports from best informed Showed s7 per cent of the Oklahoma crop. Rains in western part of State past two days has badly damaged the remnant and will further reduce yield It looks like we arc nearly through here"
 Rushton, La, wired: Looks like cot ton acreage will be less than ever in North Louisiana next year. Man here today from Virginia buying car of pea nuts offering 9S cents per bushel. Farmers claim at present price for goober hay and goobers this product is fully equal to l5 cent cotton with very nominal risk"
 Following are some opinions from New York cotton houses:
 Bailey and Montgomery: "On the whole sentiment Is mixed and a trad CTS market is expected for a time" speculative public apparently content to look on for a time. it may be found difficult to hold present values" /"
 Edw. Moyse & Co.-"Bulls offered no support, but unless all signs falls they will become aggressive. and we expect considerably higher prices.'
 Journal of Commerce-'It Is become ing more and more evident every day that the so-called bull leaders have determined to give the market every chance to prove what 1t can do when allowed to take care of itself"
 Argo, Jester & Co.-"It Is now 6 case of theories to be supplemented by the hard facts of continued falling off in the movement and correspond. ing strength in the spot market, and we feel confident that these facts will have developed themselves sufficiently before the turn of the year to show conclusively that even higher prices