The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-06-27
COTTON GOSSIP.

oLcal middling still quoted at II
cents.
There was nothing offered in the To-
cal market yesterday.
bales to a Birmingham firm at IL IL
cents yesterday. The sale was made
together with other cotton he held in
Selma and Birmingham.
The market went up several points
yesterday.
All months went into new high
The weekend was very quiet. but
bullish.
Some very bad crop condition, re-
ports from Georgia and the CarolinaS
were also issued yesterday.
The remnant of ehe feecy staple in
Montgomery at present is about $500
bales. <
Very favorable weather the past
week in this section.
New Orleans reported spots quiet
yesterday
Next Friday is the day set for the
government condition report.
Many bulls forecast that II will show
a great deterioration in the conditions
throughout the bel.
Manchester cabled: Short time un-
likely; anyhow, would make no differ
ence: spinners very short"
The general bull fever is on now an1
likely to carry the market higher
Fall River sales the past week were
about $4,000 to 10000 pieces.
Liverpool is due about six points up
on opening Monday morning.
The total port receipts yesterday were
only 954 bales as compared to 1879
last year. OF this amount. New Or
leans had GIG bales yesterday against
Liza in 1908; Savannah had 33S yester-
day compared to es7 year ago, while
Galveston was not reported with a sim
gle bale yesterday. while in 1908 the
receipts at that port amounted to A.
S2S bales.
New York wired: South Carolina
suffering from too much rain for past
month, which has put cotton very
much in grass; farmers behind with
work. In some sections, however. rains
are beneficial and prospects good, 9TH
erwise plants small with poor stands,
season about two weeks late, no great
damage has been done and size of crop
Will largely depend upon favorable
weather from this time on"
Another wire from New York reads:
North Georgia badly in grass; South
Georgia reports never were better.
Spot firms with representatives in both
Carolinas say their reports not so
alarming as Journal of Commerce, but
they show lower condition than last
possible continuation of wet weather,
but indications favorable today"
| New York wired again: Brad
Commerce that Alabama crop badly in
the grass. Also say Louisiana outlook
not good. Journal of Commerce re-
port Carolinas bullish; crop deretiorated
end consumption figures moderately
| bullish."
Following are the opinions of some
| prominent New York cotton houses:
We advise buying cotton on all re-
| ces.sions."
The argument looks strongly in
favor of sustained, If not materially
I'VE believe cotton is going to sell
materially higher and strongly advise
the purchase of the late months"
I'VE believe in a bull market until
! all danger of a fresh setback to the
/ crop has been passed."
We see signs of further improve
ments in the business in this country"
Following is a copy of crop letter
as mailed out yesterday by Montgom-
| cry firm:
Montgomery, Ala. June 26. 1909
Dear Sirs:-Crop: Rain occurred
| generally throughout this territory the
| early part of this week, and again re-
| tarded farm work, but clear and hot
| weather has prevailed the past few
| days, and the nights have also been
warm, which is just such weather as is
| now needed.
In some sections the plant is still
! small and the fields are also grassy
/ but in our experience such condition
at this time of season is not altogether