The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-07-11
COTTON GOSSIP.

COTTON GOSSIP.
Nothing offered on the local market
yesterday.
The local middling quotation has re-
manned at IL cents about all week.
The highest middling has been this
season locally.
Several hundred bales Of cotton were
sold in the local market last week.
The stock of the staple unsold In
this city at present is hardly 1,v0o
bales.
The market continued to soar again
yesterday.
Hot, extreme temperatures with the
lack of moisture Is said to have caused
the advance.
Spinners' takings for the week were
$4,000 bales more than last year.
Fall River sales were about 3,000,-
900 pieces last week.
The week end figures were very
bullish.
Yarn has advanced half cent q
yard.
Middling cotton in Galveston went
up to 1886 cents yesterday, while
Augustus middling was quoted at
~ SIS cents.
Reports from Texas say that cotton
Is badly in need Of rain, and that the
plant has stopped growing on ac-
count Of the lack of moisture.
Exporters say that Europe is now
bidding more generally for cotton.
Liverpool cabled. Market strong on
covering short interest"
A traveller from Rockdale, Tex.
wires: High temperatures continue.
cotton suffering badly for rain. she'd
past ten days. Drought destroyed ali
prospects for large crop, many sections.
Prospects very disheartening in Tex
as.
Memphis, Tenn, says: "Telegraphic
reports from leading ginners of Texas
received this morning show North and
East Texas counties that produced s7o,-
needing rain; section producing 100000
bales fair condition, need rain badly.
Balance of State in critical condi-
Rain h; now viii not do much good. Hot
days. which will damage the entire
State as well as part of Oklahoma"
Following are some Texas tempera-
ture records yesterday: Cuero, Dublin.
Luling. Mexia. Quanah,, Houston, Abe
line. San Antonio. Taylor. 100; Henri
iord. Fort Worth. ios; Raiiinger
Brentwood, Corsicana. Lampasas, Par
is, Waxahachie. 104; Greenville, Long
view, 106.
Following are some Liverpool week.
Weeks sales 10000. against 10000
"a American, $4,000. against $4,000.
Export 100, against 5,loo.
Speculation, 200 against nothing.
Forwarded 10000. against $1,000.
American, $4,000 against $4,000.
Actual weeks exports 5000 against
Receipts for week. $4,000 against
American, $4,000 against $4,000.
Receipts since September !. 4'lb3,00O
against 3.527,000.
Stock afioat, 10000 against 10000
American, $4,000 against $4,000.
Following is a a., sogy Of a crop letter
Company yesterday:
Dear Sirs:
Crop: Since our last the weather has
been clear and hot until yesterday. and
the crop continues 20 show improve,
ment.
I'VE had a good rain last night ana
the indications are for showers today
and tomorrow, and where the cotton
has been worked the rain, II not too
heavy, will be beneficial
There are still some sections that
need cultivation and further rain will
prevent them from cleaning out the
grass and probably cause some aban-
Comment OF acreage.
From the reports we receive, we
consider the condition OF the crop In
Alabama now about 10 per cent worse
than last year at this time.
From Georgia We continue to re-
ceiye good accounts of the crop, and in
South and South west Georgia the crop
will probably be very little. II any. lat
er than last season.
and only a Few scattered lots remain
unsold In this territory. The unsold
stock In Montgomery at present Is less
than 1000 bales"
CHICAGO GRAIN AND PRODUCE.
Chicago. ILL.,. July 10.-Further de-
lay to harvesting due to additional
rains in the winter wheat belt west
of the Mississippi river caused a fresh
advance in wheat prices on the Board
OF Trade today final quotations show
ing gains OF 1-s to 1 "a to 1 7-Sc
compared with the previous close.
Corn and oats were also firm, but