The Montgomery advertiser., 1909-12-01
MARKET SPIRIT
 REACTIONARY Cotton Prices Steady With
 Undertone. STATISTICS ARE BULLISH Consumer Sill Fighting Southern
 Holder of Spots. Local Market Very DuIl--No Trades Recorded Tuesday--Receipts are Light and staple Is stored Higher Prices the Demand
 of Planters.

From out of the valley of despon- dency, he cotton market arose Tues day with a better undertone. All att tempts tt, force the bulls out of the market ,,ee med to have failed and prices wer e steady The decline or the the closing fig ures were unchanged to two
 Although the leading bull interests are content to wait. the statistics are getting moro bullish every day. All eyes are nowi turned toward New York, where the fig.ht is waged. The bears the fact that. several large Individual longs have re used to liquidate.
 The market has been given every ssanes to PF9s Tbe a4 pab 1ic has been [ apparently content to look on. On tt se other hand, 1t looks as If Europe war rs to use hsr iast ii naie Although the E propean miils have been keeping out of 7 the market, 1t is said that the .spfnnt ITS nave apout gone to their limit and must buy soon.
 Additional ev tdence of the reaction Hry spirit in tn market has been no- fIcad every day. The lack of spot de- rnana has been due to the disposition Of the consumer and spinners to fight the bull capital and Soutnern noioers. But most of the sotton has been stored cotton has been teleased. The South ern farmer and planter seemed deter- mined to hold t. be staple for higher nriras ana hence the trend of opposi- lion and the drift ing condition of the
 There was nothi ng new in the local auof cotton mark ct Tuesday. A few factors had some la rge lots offering, but no trades were recorded. Shippers made some inqufr.f, but stu deemed fhe price tooo high The existing diff ference between tn Q buyers and seIl- ers which has bet ,n in evidence for sometime, was a rifle easier. Spots were steady at quo tations and IA Is cents was the price ,1uoIed Dy the Iac- tors for middling.
 The receipts into The local market continue to comply W tth the short crop estimates and the d. icided failing or in the cotton moveme pt. The rall ana
 sstsSn Taesdsy s to about 42S bales. Only 100 bales of wagon cotton was received al the square Prices on the street ran Eed from 14 3-16 to f4 1-A cents. Warel touaemen report the receipt Of large n pmocr of round bales at this season Of fhe year
 The opening prices olt December fn- tures were six points down at 14. l5. This month went as low at l4l4. as decline of two points paer M9nday's s closing figures JanHary futures opened at ii ;sa six p9isls.s of 1T .a Rriees sss closed at l4 ss. unchang hd from Mon day. March futures opened likewise six points down at If .61. This month went to l45S, advanced to II III, then eased and closed at 14.e<, a decline Of three points from the, day before .
 The Liverpool market, due l-Z points down on January and points lower on other positions, opened irreg- uiar six to nine points down. At tho close, the market was qr1et with net decline of six to eighs points re corded on near, and eight to nine points lower on distant months. Spot sales were quiet, nine points lower, with sales given out at 4,000 bales.
 The weather map Tuesd ay showed general fair weather in the Eastern belt, and generally cloudy wethsr Tn f1e west with rains recorded in Texas and Oklahoma. The forecast Is for un- settled weather and local rains in the Western states. partly cloudy and and warmer in the Atlantfcs.