The Montgomery advertiser., 1909-12-05


 Strict middling... .....l4 l-Zc. Miadling ..-.i4 o-ec'
 The cotton market closed the week end very steady. The situation has i'm : proved. the trade has at last realized the significance of the short crop, the spfnners have re-entered the niafke' and consequently prices are gradually advancing toward the l5-cents level Opening prices were to points up, and although there was some hauida- : tion, the closing figures were about D points above Fridays close.
 The fact that shippers report pet ter inquiry from the spinners was ev- idenced Saturday when total Of e9A bales of the staple was released in the local spot cotton market. This was sold in two lots of are and 325 bales each The trades were made around the t41-2 cent mark This was the largest total sale of cotton in one day recorded in the local market for sew eral weeks.
 With the better inquiry from Europe ana with the adyanace in the marker tlse difference between the buyers apd the silers had ben somewhat lesseneas Factors had some large lots ouerinr and there was considerable lookln8 around on the part of the shippers: l: Spots were steady at quotations put holders, for the most part, are keeping their staple for higher figures.
 The receipts into the local market were about as good as usual with 64s bales by rail and wagon. The major ity of this came by rail as only ap- proximately POO bales were received at the Square by wagon. The prices on the street ranged frSm l-Z cents early in the morning to l4s- cents
 Besides the deficiency in the bale weight, the local warehousemen also report a falling off in the grade or the staple. As one man put 1t Saturday. tfan at taf F-hE E- ated :" This falling off in the grade from middling and above to low mid ding is due to the frost, which caughf the top crop before the picking was
 Various estimates are now being giv- en out by individuals and concerns on the total crop. One report has the crop at 10, O,436,g00 bales exclusive or llnters, and another firm estimates the yielo at 10 006.00U bales. Others have placed the crop at higher figures around the Il .0o0, 900 mark. Several local cotton men have estimated 1t around the 10. 5oG GOO mark. At any rate the talk about the short crop has been founo hv the trade to be unexaggerated.
 Spinners have tested the strength ot the market situation for three weeks They have kept out of the market, but they found prices stronger than thes expected. Because of the better in qutry from Europe during the past tw' days. the indications are for a bettel spot demand next week. The ad1ust nient of market parties between New York and liverpool by a greater ad vance in the English market seems i'm miuent.
 Saturday morning January futures opened at 14. 68, an advance of points Prices went as low as IA. 66, as high al 14.7l, and closed at IA .69. points above fridays close. The opening ol the march futures showed prices points up at 14.95. This was the low, est figure of March during the short session. This month advanced to 14.99 but closed at 14.9S. a net advance ol points.
 Liverpool. due 1-2 to 61-2 points higher, opened steady to points up This market closed feverish to points higher, on near and to III on distant months. Spots sales wer' quiet, at a 1 points advance. with sale' at 7.OOC bales. The estimated port were 21,000 bales against 41,000 las week and 52.000 last year.
 The weather map showed partl. cloudy to clear but colder throughout the belt Saturday. The forecast is fo rain and colder weather in the west t fair and colder in the East. Some rail Is predicted for the northern portion 0 the central belt.