The Montgomery advertiser., 1904-01-10
c. E. Pierce c Co.'S Cotton Letter.

IRS P,tsate Wire Frum Gibsrt ( ''lay.l
 NEW ORLEANS. Jan s.-Iiverpooi was cua possibilities of the present cotton situation. The diminishing supply of American product szougns vlsons oa cn na ts sorcs os this sprospect was modestly emphasized by . ma ferzal advance fn both departments of the Sssssrday . rise of about 25 points was es- fablished here and nearly an equal gain vas adde6 to values today. Buliish sentiment has recefpts, while reports of better business for inanufactured goods in New England and an improvsnaent in the local spot situation has dylty The war feature has been worked to the limit and less attention is boing paid sHe movsment. The statistics of the visible supply ahow that high prices have not pre- vented cotton from disappearing at a rapid rate and many are beginning to believe that fhe magnitude of consumption will only be limited by the size of the crop notwithstanding all the resolutions to run on short time should sfha present moderation in receipts be fol. lowed by . substantial falling oRs in accord. nnea with numerous predictions. prices will fnkn the upward course with greater vigor.
 caIdwaIl, Ward 6 Co.'S Cotton Letter.
 NEW ORLEANS. Jan. s.--Notwithstsndin me future business was suspended yesterday ln ncnoE Of the annivsrsary of tns hestis M so, of done on the curb and prices at one time slowed an improvement of 34 to 37 points nVGF TuUfSudy ouI oto8eu tfofE &U So 26 higher. The more favorable outlook in the East, the bullish visible supply statement ana falling off in the receipts have changed inc trend of values. and have supefinduced a better feeling in Liverpool. Our market in sympathy opened 33G36 points higher than Thurnday'a closing and subsequently, advanced ls0l7 additional on the light estimated receipts ak New Orleana. Galveston and Houston for Monday, being accelerated by the frmness md good demand for spots. making the net gn2p 6o@67 points since the official close Iaaf Thursday. The total visible supply of all rinds during the week increased aoooo, aNainsk an increase of l2,ooo last year The s{slbie supply of American during the same time decreased 5000. against a decrease of Se 900 last year. The total visible supply of riI kinds is now S.933ooo. against 3.695. GOO last year, Of which the American Is a2AI,. o0o. against a. Iee.0oo last year. The spin nern 'taiEings of American cotton during the mt week were Sa2. 900. against 333. 900 last fet 10 date have been 4,416 900, against 4.- e7n. GOO last year. or i94.ooo less. Reviewing fAe afatlnticAl situation 1t ils ascertAined that s,qs fNa face of the takings the consumption of Arnerican points to Io666.oOo and the move Taent on it's face indicates a crop of Io,s67,- on0 n the meanwhile the visible supply of Imer4can is 72. 900 in excess of last year and hisfer than they were for the corresponding 1~Ffod last year. The figures 60 far do not Gear ont the claims of the crop being under f0.OO0. OOo or that there tB an lnsuitici ncy esv tte vForid's requirements There is never. ekalere confidently believed by the majority of s,rsarmfora- that the bureaus crop estimate is sracficaily eorect and that the facts in the 1ear future win confirm their viewa The rsoro peaceful outlook in the Easts the good