The Montgomery advertiser., 1909-10-21
COTTON uossp.

Spots sales in the local market yes. ksrday amounted to roo bales.
 Trades were made around the Is 7-is cent figure
 Holders are asking full quotations end spots are firm.
 :. Wagon receipts at the Square were light at i5o bales.
 Total receipts by rail and wagon amounted to $50 bales.
 Prices on the street ranged from IS 1-2 cents early to IS 3-S cents later with the decline.
 The market yesterday declined. held steady and then advanced at the close.
 Liquidation stimulated the decline while bad weather and speculative buy ing was the factor of the advance.
 There appears to be a disposition in the market to retrench before Mon- days census report and take profits.
 A Mir Ellison estimates the worlds consumption for this season at 12,- 625.000 bales of American cotton.
 If this is true, panic prices may rule before the season is over.
 Liverpool, however. advices that no confidence Is placed in this report.
 Nevertheless an indifferent showing was made by Liverpool yesterday.
 The rumors of curtailment in the manufacturing world are still regard ed as fictitious
 Weather indications are by no means favorable.
 General rains are predicted for the belt in the Central and Eastern states. Texas about the damage by the recent rainstorm.
 Boston wired: Brokers report mills buying heavily again on this break"
 Liverpool cabled: Don't be misied. by our market. liable any moment to all turn buyers"
 New Orleans reported spots firm
 Liverpool cabled: January ERyp- tian cotton today 10 pounds, 4 shifi- ings. 64 pence. yield disappointing, crop estimates reduced to 100000 cantars, probably considerably less. Estimates a short time ago were for s,oo0.O00 cantars."
 New Orleans wired: "A party who left here for sherman, Texas on Mon- 6a he did not see a field of unpicked cot ton. Conservative men here say at least s5 per cent of the Texas crop is picked"
 Charlotte, N C.. wired: Develop ments Saturday practically assure the success of the movement started by the executive committee of the cotton manufacturers association of North Carolina, looking toward the establish ment of a yarn selling committee agency for the Southern mills. It's purpose is to eliminate the middle man. the yarn commission houses of the North and avoid the demoralization of the accumulation of thousands of pounds of yarns in northern ware houses"
 Following are the opinions of some New York cotton houses:
 big her prices and think cotton should be bought on any moderate reaction"
 Argo, Jester and Co.-"Sentiment iS rather mixed at the moment and noth- ing more than scalping market is ex- pected until the census report next week"
 Crusel & Fllnn.-.We look for slightly higher prices, but favor sell tng for turn on any sharp advance"
 Renskorf, Lyon & Co.--"Support of the market seems to halt and more people are looking for a reaction than has been the case lately
 Bailey and Montgomery.-'Sup of the market is warranted on all soft spots until there is some radical change on the present situation
 Miller & Co.-"We look to see prices seek higher level.''
 Journal of Commerce.-"It is a ques- ton of supply and demand that mant- pulation cannot alter. If the South