The Montgomery advertiser., 1909-11-30

week promises to be no larger than last weeks movement.
 This week year ago the in sight amounted to 606.00o bales.
 The spinners takings will probably figure less per week dSSrins iS ,,,ne tne l the remainder of last year. /! It Is said that either American levels are too high by large margin Business is restricted by such con ditions and dangerous for speculation. Unsettled. warmer and rainy weath.. CT Is the forecast for the Central states.
 cotton Is reported as headed for New York.
 Cairo. Egypt. cabied: According to cotton will amount to something under I six million cantars compared with nearly 7,25o.0 900 cantars in 1908. A cantar is equivalent to about loe pounds" The bears promised an avalanche in cotton during December.
 
 day. Galveston cleared 51,302 bales, and Savannah cleared 25.5os bales. Not a bale of this went to England and 1t is said that they must buy soon.
 New Orleans reported spots dull with quotations firm.
 A local merchant-pianter said Mor-
 Tt is certainly worthy of note how l we'll the cotton market maintains It's price, when one considers that the European and American spinner has been practically out. of the market 1 for nearly four weeks. The com plaint of the local shippers is no de- | mand When they do enter the mar ket as they must very shortly, sub stantiai advance may be looked for. The ginners report put the weight or bales as 12 pounds per bale lighter than last year. This amounts to i32,. 00O,o00 pounds based on an 11.000,o00 bale crop or is equivalent to 264.o00 bales. This Is an item that the cotton trade has to reckon with and should l have its bearing in totaling the crop. New York wiped:-"Market very narrow and sensitive to selling. don't expect much decline. some parties have been using our brokers during l the morning to sell so as to make 1t appear that we arc selling the market. | Times Democrat estimate on nasis or | o0V pound oales sWouio ue aDoutf tVi. 1 to three. We are very bullish~ and l look for advancing market before gov i ernment estimate and as mills begin | to call cotton and cover short hedges. Another wire from New York reads: There is no news. to account for the l decline of prices and we believe It was | nothing more than bear raid. Some l people are apprehensive that President | Taft's message may chill bullish ! enthusiasm. but if We are to judge the future by past performances. we think | 1t will be conservative and will not in any way disturb the business inter- ests of the country. We advise pur- chase on all bear raids" Following are the opinions of some New York cotton houses: Dick Bros:-'There appeared to be | no fresh incentive for buying and tho buy of operations was of a profes- sional character"
 1 Argo Jester and Co---"The marke' moment, but the Inherent strength of l the situation makes it seem probable | that the declines. if they occur. will prove only temporary. while advances | may be large and permanent" Bailey. & Montgomery--''Th feeling continues that we shall have n very dull period until the bureau estimate Is issued on December 10. when all interests will be in position to pro- ceed with greater feeling of confi- dence than has heretofore been pos
 Miller and -"The spot situation In the south continues strong and we expect higher prices in the near future"
 Hayden stone and Co.-"we believe the government estimate on the 10th will be of a bullish tenor"