The Montgomery advertiser., 1909-11-25

| tDlllIY 10 QeIenU Ln8 DalanCt. EuTppc
 has so far received only 2.6s1.oo0 bales
 not even one-third of last years total | exports. She must soon come and buy
 more. Short interest creeping in mar bull interests to take pot shot Weeks ginning statistics from now on
 and crop estimates all bullish.
 New York wired: Tt has been
 known for some days past that the bears who are and have been fighting the bull market for months past. are
 ed to every method to depress the market. Their latest effort, we are
 reliably told, Is an invitation to Sa-
 vannah spot houses advising or invit-
 ing them to sell the December option
 here and ship their cotton for deliv- 1 cry. As an inducement they will per- init them to draw for the face value
 terest or commission. In other words
 they are willing to lose the interest on any funds tied up in the cotton in | order to get the cooperation and as
 depress the price of Americas stand | ard commodity.
 "They also offer to waive the mat
 ter, of commission charges This is l of the New York cotton exchange re- | quire that they must charge com
 mission for the sales of futures. The seaTssi Se wssivea tSr 'Vs We s do nof know @ who # Is that is making this magnanimous offer to the South. but certainly they are no friend of cotton .,r or Of the the strongest evidence of their desperate plight"
 The indisposition to regard this as suggestions of arguments that cer- tain conditions are impossible prompts us to refer to the fact that the. un- questionable evidence of very large proportion of this crop having been | ginned up to November fl and proba- | ply proportionately greater up to De-
 a as sas as o1 s Gf to oos i back on the sensational advance in | the New York futures led by spots
 during the month of October when the movement was In It's height, a pros | pect but. now fact.
 Following are some opinions of New York cotton houses: -
 Hayden. Stone and Co; Expect a temporary moderate decline pending that Improved demand for new busi- ness in the actual which must short
 Edw. Moyse and Co.,; Tt was an
 other violent market, although throughout the day and the break Tn
 Copper stock caused a number or Wal | to margin copper so that in the end our prices declined as much as Liy-
 erpooL"
 believe that a sharp break in futures would exercise any important influ- ence on the basis of which the bal arce of this crop Is for sale"
 | Crusel and Finn: "Just now there
 seems to be more taking of profits | than in pulling the staple. No im- | portant extension of the general long | interest Is likely before December 10 and without 1t higher prices cannot
 be established without some new bull
 hsb b,ck Bros and Co: Publications point to a crop shorter than require
 ments and this feature Is bound to tell in the end"
 Foilowing Is copy of a market let ter as mailed Wednesday by H. and
 B. Beer, cotton merchants of New Orleans, to their correspondents: l "The market has worked into very | pectiIiar position. Liverpool Is rela- | lively the cheapest market in the world, near positions there are only l about 35 points higher than in this market, the. normal difference should | he about 90 points. and the mort dis l tant positions. July-August for in- | stance. are actually lower than New 1 orleans, by about points. which makes the English market relatively
 cheaper by about 1i5 points. The slt-
 fl sa T.t s