The Montgomery advertiser., 1909-02-04
COTTON STILL DULL
NO SALES or sTAPLr REPORTED LOCALLY
sfagnation May Re Explained By Lack of Demand From Factories Fer
 Spot Cotton owing te Ccndi- tien Of Dry Goods
 4e Market.

L - Strict middling ......s........s i-2c Strict low middlins ,.........s ii.isc
 Yesterday % witnessed "a a contlnuancs of the dullness in the local cotton market. No sales were reported and the price remained at 5-1s cents houses. in the brokerage offices or on the street. were heard comments on the extraordinary listlessness. It IS pretty generally agreed, however, that this period of stagnation cannot per- sist much longer. Still, few would predict change sooner than Fenru- ary 15. 1,4. . yesterday was the report of q we'll known New York cotton house 10 the effect that there are barely 2,0eo,0O0 bales left to draw upon for the next six months. This firm bsses It's gTe. diction of a strongly bullish market upon the necessity among the fac- tories to use up all of this before the new crop comes in
 to take buiiish position now said that the present dullness was entirely due to the lack of demand from fac. tories for spot cotton. which had been absence of demand is caused by the unsatisfactory condition in the dry goods market If rise in the price and an Increase in sales of this staple
 
 immediately felt upon cotton. Further bear efforts were induced yesterday in the New York Cotton Ex- change, by the fact that the Liverpool and futures were hardly up to expecta- tons But the "bear-pooi" that is rumored had very little influence. As 2 ray of hope there there were better sstsI
 The following ..bul1'' letter was sent out by a New York firm: and though Iundoubtedly partisan, it is considered even among the pessimists. to have some truth:
 Tt is true" says the letter, "that the movement. mill takings and ex- ports for the season to date have been borne in mind that last years stocks shrunk to the lowest ebb and now they are buying to replenish them as well We expect to see the demand continue and even increase" -F
 But none of the wires received gave sufficient encouragement to the buy requested them. The market. therefore hung on yesterdays price. Another feature of the situation much emphasized by the "bulls,' is the extreme lack of rainfall for this season effect. that. if the records of past years are to be consulted. the other Is likely l to be unfavorable for ground planting. advertised very broadly, and appears to be rather too much emphasized SELMA COTTON MARKET. Selma. Feb. s.--(speciai. )-The price of spot cotton was quoted in the local market Good middiing .....,.. .... .... ....s%e strict middhng ..s. .... .s.. ........9Sc c Strict low middling .... .... .... ..sSe a@" lniooiink = =. zee 'ss' .s..ssse ST. LOUIS PRODUCE. st. Louis. Feb. 3.--Flour steady: red :.ralsht ss.ss0.s.oo: Rard winter srss seisars as
 Hay higher; timothy s1oa,i4. 50: prairie
 whiskey s1.ssM.
 Iron cotton ties s1.oO. Basgins eHc.
 Pork higher: 1ohbing s1e.S7h. Lard higher; prime steam s9.a2A642h [.
 Dry salt mests strong; Bacon higher; Receipts. shipnfts. Flour .... ...s .... ......1i.ooo 1s.ooe l wheat ..'s Zee .sr. s...26.00o a0.o00 l Corn .sssf s..s s... ......69,o00 e2,o00 Oats ''.- '... -. .T...ssoOo 7s.ooO METAL MARKETs. New York. Feb. 3.--The London tin mar ket was higher today with spot quoted ct \ f12s 2s Sd and futures at f42s Locally. the | I sympathy with the foreign advance. Spot | was quoted at 32T .65 Q s27. .s5. The London copper market was higher | with spot quoted at f5s Ills Cd and futures at E59 16s 3d. The local market was 1 steadier in one and much better demand was reported. although prices showed no 1 quotable improvement. 1 Lead was quiet in London and a near l shade lower at s4.10@15 locally.
 Speiter was unchanged in both markets.
 The English iron market was 8 little lss Sd. The local marke was unchanged. KANSAS CITY GRAIN. l Kansas City, Feb. 2.--Close: Wheat. May s1.01A; July 91&: cash; No. hard s1 0s | @$1 .0Sh: No red t1. 1874 Q S1. IS.
 Corn: May cox: July S0M; September 5si eashi No. mixed 6s%'S %s No white S1k @K.
 oats:: No. white 5O0Ss' No. mixed
 Butter creamery soc: packing stock IS.
 Eggs. fresh extras sih; current receipts
 THE WEATHER.
 United states Department of sAEricuftuFe.
 weather Bureau Local Observation Central Time.)
 | Montgomery, Feb. ,, 1909.
 lwindl Rain State of Weather
 li0cthi,l Of ~inS 7s.% p% ss.s ss.e :SS Ss eassTW::s: cissr-Ws.t