The Montgomery advertiser., 1909-06-20

blowing and hoeing, and where the work has been done, the plant has re- sponded beautifully and is growing rapidly.
 COTTON GOSSIP.
 No sales In the local market yester- day.
 Nothing offered. either.
 Local middling closed the week at 10 5-S cents.
 A little over 1000 bales were sold in the local spot market the past week.
 The stock of unsold cotton in Mont gomery is barely 5000 bales at pres- ent.
 Many interior points also report low stocks.
 The. weekend figures were rather bullish.
 Cotton market yesterday was dull and marrow.
 bullish.
 There are probably more professional longs than shorts. week.
 heavy precipitation was reported yesterday at Fort Worth, Texas, a sec tion of the State that will welcome rain.
 
 The total port receipts yesterday were were 2's2S compared with 5,7Os in
 Some authorities think thaAthe ouo- tations in the fall months of cotton are too high and that they will go lowed upon the continuance of the fa- vorable weather.
 The sales at Fall River yesterday were estimated at 3O0,O00 pieces.
 New Orleans reported spots quiet yesterday with prices steady.
 Liverpool's estimated ports yester- day were 1000 bales against 5,7O3 in 1908. "
 There was a reported decision yes terday that the Manchester spinners using American cotton would close Saturdays and Mondays from July 10 to September 27.
 spinners' takings for the week were S6.OOO bales in excess of the same week last year.
 Liverpool cabled, '''We don't expect any short time. Market depends most Iy on the weather"
 New York wires, "The bullish week end figures seem to have little bearing on Liverpool Reports continue to ern belt with high temperatures re- ported In Texas. We believe declines VIII only be temporary and limited and favor purchases"
 Mills took 213,000 bales against l66,- 900 last year and 193,OOO in 1907 The total visible of American cotton de- and IS5. 7SS in 1s67. The 'TSH total i takiHgs ss so far for the season are 11,5S7, 900 against 10:522,000 last year and 11.610,- 900 in 1907. While the North has talk en so far 114,000 bales more and the south 19.00O more. foreign takings are isS,000 less than 1907. but during the last three months foreign takings are larger total of mill takings for the season by 100000 to 100000 bales than in 1907. when they reached 13.060.0Oo bales.
 Following are the opinions of some large New York cotton houses: Renskorf, Lyon and Co.-"We believe that contracts should be accumulated on recesstons with the expectation of handsome profits later in the season" A. Norden and, CO.-"W4 think pur-- prove moderately profitable. anyhow, with. very reasonable possibility of proving very profitable,"
 Crusel and FIinn-"We continue to strongly advise the purchase of new crop months on recessions and believe that in short time such purchases will show handsome profits" sent out by H. and 5. s Beer. cotton merchants of New Orleans:
 Market Letter. New Orleans. 1'a.' June IS. 1909
 The result of today's spinners' com mittee meeting at Manchester, accord ing to private cables, was the adop-
 ms Which is to be consfd snGfI cred by an individual vote of the mills at an early date. However, this is only an assumption of the proceedlngs. as some cables were received stating that spinners had voted unanimously for short time to take effect immediately. Nevertheless. the adoption of the res by spinners. which ever 1t may have been, had but little effect upon Am erican markets, prices having held CT than close of yesterday. It is as much a matter of short supplies at the moment in America as 1t is of short time in England, as receipts at 30 counted interior towns the past week were only 20.000 compared with S2, ,O00 last year and 2s,00o year before last. and stocks at the same points lost 23, O0O bales since last Friday compared with a a loss one year ago of 24,9oO ihie interior holdings now figuring only 22s. 900 against 2O2.oOo in 1908 and 20s- GOO in 1907 notwithstanding this crop to have been about 100000 bales larg- CT than last seasons yield and about the same as in season before last. Af- ter having made careful deductions We have arrived at the conclusion that there Is nearly 200, ,000 bales less on plantations than was held in the iTteo inteo the movenpent of the new crop prom ises to be, very late in making its ap- tude. the strength of the statistical position of the actual staple, in the South Is not to be ignored. Thus far this month the "in sight" figures 45, 900 bales less than one year ago. the