The Montgomery advertiser., 1909-12-16
HORT CROP GREAT FACTOR
Better Demand is Report for
 December Commitments.
Lot of ass Bales of Local Spot. Re- Ieased---Lists of High Priced staple offerinx-- Wires Aaa Gable. Give Ideas On
 sitnatios.


 The cotton market Wednesday re- xlected puzzled attitude on the part of the traders in general. The open Ing prices showed wide-open break, carrying. prices down seven to ten bulls were trying to test the stability of the market. but after this reaction they started to renew their efforts. Prices advanced and closing figures showed all months five to nine points above Tuesdays close.
 There are no Indications at present of any weak cotton haPSfng over the market. Reports show that mills have been eager buyers of cotton on the decline and the domestic mills especially have been calling for large lines of the staple. Many are inclined to think that the true situation in re- gard to the crop and the short supply is slowly forcing itself upon the trade. A re-adjustment is expected to take place through an advance in Liverpool when higher prices will
 Liverpool has been in full sympathy with the reaction and futures in the English market Wednesday were eight points lower and spots thirteen
 The market has already sagged to the prices which prevailed before the Bureau report was published. Judg- ing from private reports, the census government crop figures. There are some efforts however, to discredit both the census and the bureau. Notwithstanding, the fundamental facts of the situation are strongly in favor of higher values for cotton after the holidays.
 Some reports are that the market developments and news show dis position for prices to work for some reaction over the holiday period. Such a period is always against the bulls as spot holders want to get extra cash and longs want to secure profits. On the other hand December commitments must be filled and the December export buying must start.
 The release of one lot of 2S5 bales Wednesday in the local spot cotton market. This trade was made around the 14 3-4 cent mark. The ware houses are stocked up on high price Is cents. Consequently they had some large lists offering but the shippers. who made considerable inquiry, dee n- ed the price too high. No other sales were recorded.
 The receipts into the market by rail and wagon averaged about the same as usual at 555 bales, Approximately 150 bales were brought to the Square of tine buyers called for IA 5-s cents. basis Uiddling
 January futures opened Wednesday tan points down at I4.S5. This month went as low at l4.65, put prices du- vanced and closed at IS cents even. This was the highest figures of this month, during the session and the close was five points higher than Mondays closing figures. The open ing of March at 15.21 showed prices seven points off. This was low for March. Prices advanced and closed high at 15.37, nine points above Mon day.
 The Liverpool market, due six. to seven points lower, opened easy five to eight points down. The close of this market showed a net decline of seven to nine points. Spots were dull, thirteen points down. with sales at 5000 bales, 1000 of which was Amer 1can cotton.
 The weather map Wednesday show ed fair to partly SIoudy weather over the belt. The forecast fs for fair and colder, with frost, In the West and Central portions of the belt with fair weather and local rains predicted for the Atlantics.