The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-12-02
Testers Cotton Statement

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New York, December 1.-Bradstreets
financial review will say tomorrow:
money continues ito be a prominent fac
tor in determining the character and ten
denotes of current speculation in securities
at New York. The favorable bank state
ment which appeared last Saturday when
the stock exchange had adjourned out of
respect to the memory of the late vice-pres-
ident had however, been expected and in
part discounted by the strength OF prices
during the final days of last week.
The fact that some money had returned
from the west and that the re-establish-
ment of $6O00,000 surplus over the legal re-
ouirements of the banks in place of the
deficit in reserves shown by the two pre-
ce6ing weekly statements was not entirely
due to the purchases of government bonds
bv the treasury had a favorable effect on
sentiment Nevertheless, when the market
reopened on Monday it became apparent
that speculative interests which had been
supporting prices We're inclined to realize
on the development of any public demand
for stocks but while sthngency in the loan
market was improbable, there was still no
likelihood of return to easy monetary
conditions. While money is beginning to
return to New York from the west, the
south is drawing considerable amounts, and
n is also noted that foreign exchange ad-
vanced in accord with our own movement.
THESE make the total amount of the cot
ton crop brought into sight during the three
months ending November 30, 4,ol1,3Sl bales,
against 5601 1897 bales last year, 53n,0SI
bales year before last and 4S0l bales
for the same time in 1895.
Northern spinners took during November
49,. S3S bales, against 3T4,956 bales last year
and Az 9S3 bales year before last, lncreas-
ing their total for the three months TO
mol n
and S3,5O5 bales the year before This
makes their average weekly tak1ngs Tor
the season 70 ST. bales, against 53,245 bales
last year and 67,9e3 bales the year before
Foreign exports for the first three months
Of the season have been 1,9S6,222 bales,
showing a decrease under last season of
$50 bales, and under the same period
wear before last of 606,552 bales.
stocks at the seaboard ana the twenty
nine leading southern interior markets on
November 80 were 1,755,5S5 bales, against
| 1 e73 495 bales the same date last year and
1.59o676 bales the year before. Including
ports and interior towns stocks left over
from the previous season and the number
of bales of the current crop brought into
sight during the three months the supply
has been 5130,279 bales.
Up to November 80 last year 40 6S-1o0 per
cent. of the crop had been marketed, and
for the same three months in 1897 the per-
centage of the crop brought into sight was
AZ 42-100, and for the same time In 1896 the
percentage marketed was 81 s3-100.
In addition to the monthly figures, Secre-
tary Hester issued today a statement of
the weekly movement for the seven days
ending December 1, inclusive, showing the
total brought into sight this year to be
367,175 bales, against 5N376 bales for the
seven days ending December l. inclusive,
last year, 1853, 099 bales year before last and
40S, 294 bales for the same time in 1896
-
Worlds Visible supply
New Orleans, December 1.-Secretary
Hester's statement OF the worlds visible
supply of cotton, made up from special
cable and telegraphic advdces, compares
the figures of this week with last week, last
year and year before last. 1t shows an
increase for the week just closed of q, 81