The Montgomery advertiser., 1909-10-20

Even at the present prices. cotton is bringing the highest 1t has at this sea- son of the year Tor many years.
 Many local planters are beginning to reduce the estimate of their yield. New Orleans reported spots firm yes terday. with the demand quiet and of- fertngs limited.
 Already there is some long liquida- ton on the approach of the Census re- port next Monday.
 New Orleans wired: Think bulls will easily control market today as the weather will turn out very unfavora- bly, according to the forecasts" Liverpool cabled: Market has a strong bullish undertone." Dallas. Texas. wired: "over one inch rainfall at Abilene. A freeze is predicted for West Texas"
 Gaffney, S. C., wired: Mills will not ing fair profits and can afford to run full time.''
 Savannah. Ga. says: We are ad- vised that the Atlantic Compress Com pany have compressed to date about 59 per cent as much cotton as the total compressed last season"
 A local merchant planter said yes- terday in regard to the cotton crop: ton letter of the 18th estimated the cotton crop at II 1.800.000 bales and may
 be considerably more with late sea-
 son. l think this estimate will be re-
 vised before many weeks. The re-
 dnced movement in Texas is now at
 traeting attention and in some sec
 tions causing alarm"
 Less threats are heard from the
 spinners to reduce time or close down.
 They are awakening to the fact that
 the law of supply and demand will
 have to be reckoned with and With
 this approximate shortage of two and
 one-half million bales. the present price
 Is not too high. It is less speculative and represents more its intrinsic value. The president of the Farmers Union characterizes the threat of the spin nArs to curtail as a humorous bluff. The Southern producer has called the bluff of the spinner and with his hFst pressing obligation met, he can with. hold the remainder of his crop for still higher prices"
 One report says that the sandy lands of Fillmore and Autauga counties are practically bare of cotton and resem- ble more grass fields than cotton farms. waco. Texas. wires: "The Texas crop is nearer picked. ginned and mar keted than at any time in years. Not one days Interruption since last re- port. Looks like fully 80 per cent ginned. Gins now running one to two | days in week and many sections fin- | ished. Cannon, of the Hiberpia Bank. | says Texas banks now sending money | here almost daily and many bring New York sight exchange which confirms short crop and rapid marketing, oe- l cause ordinarily at this time and later | along in season Texas banks are want ing money to assist crop movement. 1 Following is the weekly weather rec port; The mean temperature for the week was 56 to 68 degrees over the Eastern | portion and 62 to 76 degrees over the | Western portion of the cotton region. | The lowest mean temperatures are re- | ported from Tennessee and North Car olina and the highest from Southern Texas. The temperature was below | normal except over Texas, Louisiana
 Mississippi and Southeastern Alabama The greatest deficiency in temperature
 was i've to six degrees over the inte-
 rfor of the Carolinas, Eastern Tennes-
 see and Northern Georgia. The great
 est excess was four to five degrees over
 the Interior of Eastern Texas. Light
 frost occurred in Oklahoma, light te
 | killing frost in Arkansas, Northern
 Mississippi, Tennessee. Northern and
 Central Georgia, light to heavy frost'