The Montgomery advertiser., 1909-08-05
COTTON GOSSIP.

VOxJON 0O0SkEs
The local market was absolutely quiet
| yesterday.
local spots have ceased to move.
The market opened yesterday un.
| changed. but broke later on bear pres
sure.
| Liverpool was better than due on
l uneasiness caused by the continued
bad crop reports from Texas.
weather conditions throughout this
section still remain favorable.
Complaints continue from the section
west Of the river on account Of the
Little precipitation relieved the sit
uation yesterday
Fifteen points in Texas averaged
terday.
Houston reported the receipt of forty
new bales.
Despite the bad reports the new crop
seems to be coming In from that Sec
ton.
memphis wires. JuBI BaW y party
who returned from trip through Ala
bama and Georgia. He said foods were
destroying the crops and doing great
damage In some sections Of the State"
Planters throughout this section
have not reported any Hoods destroying
| their crops. In fact most OF them re-
| port the lack Of precipitation. but
whore rain has fallen 1t has been very
| beneficial.
New York wired toward the close
OF the market yesterday: This game
too strong for the bear crowd. They
have quit for the moment"
New York wires again: TN the face
Of continued discouraging reports from
almost every section of the belt which
seems to be little attention given to
bullish news just now. The raid on
the local market yesterday, II is ru-
mored. was started by a large spot
house wanting cheap cotton. The sit
uation from our viewpoint remains just
a. buliish as ever. and while further
effort may be made to depress values,
opportunities for making purchases. !"
Following are some opinions from
New York cotton houses:
Dick Bros. & Co.-There was mod
temperatures from Texas and Okla
Crusel & characterization do not
Justify such reaction. but as long as
the market remains In absolute con-
troll Of large operators who are not
engaged in depressing II, without rea-
son: the only thing to do is to sell 1t
8. B. Chaplin Cove continue
TO adhere to q conservativeiy bullish
position and favor purchases. espe-
cially on further declines"
Edw. Mpyse & Co.-'The short In
terest is now large and scattered and
a big. two-sided market is ahead of
Bailey q Montgomery.-.we advise
signs Of crop Improvement all along
the line, especially In Texas"
Following Is a crop letter as issued
BY Well Brothers Cotton Company Of
| this city:
Montgomery. Ala, Aug. Q. 1909.
Dear Sirs-To summarize and re-
port accurately the condition Of the
most ct dcalt task he ye 40 se
conditions during the planting season
| were highly favorable, good stands,
possibly the best ever known. were
Chopping is usually finished, or nearly
SO, during the month of May, but ow-
Ing to continuous rains during this
month. possibly only one-third of the
crop was chopped to a stand. the ball
ance had to walt for more Favorable
weather during the. month Of June.
Grass. in the meantime, grew as fast
first Of July only about 40 per cent.
| Of the crop was in good cultivation and
attained good size. Thirty per cent,
was still undersized. owing to the late
| chopping. The balance. while IL was
chopped to good stands, was still more
or less grassy and the fields were not
they usually are at that time OF the
year. These conditions prevailing on
the first of July. left the crop natur-
ally in a very spotted condition.
err. with very few exceptions. has been
throughout the Eastern Belt. and this,
s sGsStR'r xsn shS Sf
alive price, worked as an in-
centive to the planter, who. with the
help Of ample labor. has at last sue
state Of cultivation as to respond rap
| IDLY TO continuous favorable weather
conditions. There are now only a few
bottom and prairies lands remaining
wedding, but on the whole the crop
has improved materially during July.
In some sections they are the best re-
ported in years. while In others al
taken place. the plant is still under
sized and has just commenced to take
on fruit,
we herewith give you an analysis
of the sections we operate and from
reports of our own agents:
Northern Part of Mississippi-From
Corinth to New Albany Tupelo. West
Point and towards the southern part
of the State, a big improvement has
taken place during July. Very little
land thrown out and the plant locks
thrifty, but the crop is two weeks late.
Aiabama-Demopolis being in the
river and canebrake sections has pos
sibly suffered more than any other Sec
+Ion IN tbe state hut rapfd improve