The Montgomery advertiser., 1909-09-11


 The receipts of the cotton market by wagon and by rail are gradually pick . Ing up. About 100 bales of the new staple cotton were brought into the ssaas 9y sssSs Senis TSs receipt. bales. The difference in the prices he tween the buyers and the sellers ti stiil continues and has restricted the activ- tty in the local market. There were about 250 bales offered for sale by ths warehouses and only one sale of eighty are offering cotton at IF 3-s cents and the buyers are offering only as high as IF 5-16 cents. On the Square the price
 The outlook for a good yield looks gloomy in the cotton sections around Montgomery. One prominent farme' said that ne would make n about ark tnfes kaa ss, crop well. Another local planter said he has made as high as seven bales to the .plow on his farm, but that ne would get only three bales to the blow this year. The average yield, he said, for this section would be between three and four bales to the blow.
 cotton factors said the staple was finer and that very little inferior cotton was being marketed. Usually the first c"t- eens gin9eah o9 fhe s moistIyre eSi y .he in it. been so warm and the winds So dry this season that the cotton has escaped being cut m tnlS way.
 The grade Is so nearly the same that the price offered for all Is virtually the same. The impression prevailing among the local cotton men is that the Farmers Union can not affect the price
 cotton. So many farmers are com pelsed to meet the demands of their creditors who in turn must meet the demands of the banks that few are iD position 70 hold.
 Some can buy later on at a cheaper price when the receipts become heavier. and consequently will not hold their and October will cause the market to sag of Its own weight and about Mo- veInber the prices should rise. The contract cotton must be delivered re- gaFdless of the price and a good many farmers have contracted to delivsr their crops at a certain figure.
 The death of Mr. Hartman did not cause the looked-for decline but the market closed a few points stronger while stocks went up remarkably high. sal of expectation on the theory that as the general public was expecting a decline. speculators must have worked on this belief and manipulard the mar ket It Is said locally that MT. Harri- man was too powerful a factor to pass away without his death affecting the market and consequently a decline Is Whatever affects the stock market will affect the cotton market sympatheticai-
 Futures for october opened at 1928, . decline of 6 points. and closed with 6 rise of 10 points There was q run of 22 points Between the high and low Tor the day. December futures opened with decline of points and closed with rise of only point. closing ar 12.37.
 Liverpool, due 6 to ' points lower, opened points lower on near and r., points lower on late months. Sales| were about 15.O00 bales.
 The weather map shows generally &n As rx,4S fwfo hfurfa foT ttrv.a In the Oklahoma territory. Twenty six stations show 100 degrees. The conditions in the Eastern and Western States continue abnormal New Or leans wires that ten to thirteen sta ttons report temperatures ranging from 100 to 104 degrees.