The Montgomery advertiser., 1909-12-26
MARKET CLOSED
FOR CHRISTMAS
Local Market in Line With
Others.
ADVANCE IS ANTICIPATED
BuIlish News Prevails Because Of
| Short Crop.
Letter of Factors Declares That New
Records for season Are Being
Made--Receipts and
Sales Figures
Given.

All the warehouses and the ship
per's offices in the local spot cotton
market were closed Saturday on ac-
count of Christmas.
The New York. New Orleans and
Liverpool cotton markets closed
Thursday night on account OF the hol-
idays. and VIII open again Tuesday
When the local market close Thurs
day evening. middling cotton was
quoted at "A rs cents, but most of the
trades were made at the l5-cent mark
With the opening OF the market again
Tuesday. it is predicted that cotton
will advance to higher levels
not all been filled yet and some heavy
buying is expected this week. Many
of the mills, too. are short of stock
and must buy supplies in the near fu-
ture. From the reports and cables re,
ceived last week. Europe has accepted
the inevitable and the foreign spin
ners have entered the market.
All the news In the cotton circles
is practically buliish owing to the
short crop situation. The next census
report will show the amount OF cotton
ginned to January l and this is ex-
pected to confirm more than ever the
Governments recent crop estimate re-
port of 10.0S8,000 bales.
Following is copy OF q marke,
letter as mailed BY r. H. an 6.i =, Beer y
COttOH HltI Clidnto Vi 2NUW VI AC0Aof ~
their correspondents:
I'm keeping with the holiday spirit
there was great enthusiasmm display
ed In the Thursday cotton market as
ords for the season. March selling At
1901, having vaulted across the IL
cents level to the cheerssof the local
memb ership. In Europe. continental
shorts covered by buying literally Of
contracts, and spinners took more Of
spot cotton, sales at Liverpool 5000
bales at an advance OF 8 points, while
futures gained about points He-
pool the past week were only 1000
bales against 10000 for correspond
ing week last year. and the amount
pool Dol is only 10000 bales compared
with $4,000 bales one year ago. Their
stock of American on nand TO-DAY
$4,000 against $4,000 last year, Will
for this reason that there has been
more buying OF spot cotton In the
South for New England and for ac-
count of foreign spinners. There was
a good demand for spots in the south
Thursday at prices somewhat higher
than yesterdays high levels. and II Us
thought that there will be an urgent
inquiry for the staple. Report mad y
ciaion, realizing the seriousness OF the
situation. advised their members q
secure their share OF the supply while
Il IL Is ay61ldDtGs 4ntH 10 q AtScA Dt6AaAk y
cant statement and will probably be
the means of making competition keer
between american eand foreign spin.
ners for the remnant of this small
crop. especially when the following
wire. which was received from New
York today is considered--A MESA sc
1ust received from an Omaha party
says-'Just returned from Texas, every
list of cotton In the State has been
sold the past ten days to exporters
Feel sorry for American spinners. The
season Is over in Texas and Okla
honla.' The next census report. which
will give quantity of cotton ginned to
January / will soon attract attention
as it is thought that II viii do more
moss Of the Governments crop esti-
mate than did the last census report
which caused all Europe to sit up and
take notice Receipts at all ports
since last Friday total 1S2.S1S bales
against 293,148 bales last year ant
26S.954 bales in 1907"