The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-07-26
III. q b. BEERS COTTON LETTER.

III. q d. BEERS COTTON LETTER.
tHy Private Wire to Caldwell. Ward g Coz
NEW ORLEANS, July 25.-With the close
of today the Government will commence re-
ceiving returns from its agents in the cot
ton belt as to what progress growing crops
Since publication Of the last bureau report
on condition Of the plant. we have had a
month of favorable crop weather in all sec
tions OF the cotton region except perhaps,
certain localities In the middle Gulf States
and In Arkansas, where incessant showers
have been complained of putting fields
in grass and preventing cultivation of the
crop Last Tuesday rains were said to be
needed In sections Of Alabama, North and
Northwest Texas and in the South Atlantic
States. relief being provided in the mean
time by generous and well distributed show
ers, in most heavy. The hill crops.
known as uplands, are by far the largest,
and they usually do well when provided
with plenty of moisture, as has been the
case this summer. AS a result of recent
rains which have been general the
entire belt. and seasonable temperature, our
private reports received today denote fur
Their Improvement in Texas. in Alabama and
all South Atlantic States without exception.
but we have complaints of too much rain
in portions of North Carolina, North Miss
issippi and from Arkansas. Such advices
lead us to believe that the crop has contin-
ued to improve in the major portion of the
belt and that tomorrow's weekly crop review
will show some improvement last
weeks. as will the monthly condition report
to be published next Wednesday week In
reply to our inquiry as to when picking
win commence in the different States.
have the following replies: North Loui-
siana: In about Is days. North Mississ-
ippi: Some weeks off yet Arkansas:
10. Texas: August 1 to 10 far north
Temple. These reports indicate an early
movement from the Southwest and Georgia
unless we should have prolonged spell of
wet weather, and as there is but little de-
mand for spot cotton. the market here clos
ing steady at reduction of NC to 1o&c
for midiling on sales of $50 bales and none
to arrive. lower prices seem to be in order
for the time being. at any rate until after
publication of the monthly bureau condition
report. which can hardly show but some
Improvement on last months high average
Of IS. The resorting to further curtalment
by Manchester spinners. and the stopping of
Fall River mills by the strike of 10000
hands. coupled with spreading of labor
troubles In the West developments I'M
favorable to the market. is the advance
in the necessities of life. made more effec-
tive by lowering of wages.
G. E. PIERCE CO.'S COTTON LETTER
tBy Private Wire from Gilbert & CIay)
NEW ORLEANS. July 25.-Liverpool
from a lower and barely steady opening
closed at an advance of points in both
summer and winter options. American SELL
ing was given as the cause of the early
weakness. the absence of notices of re-
tenders and prominent speculative buying
of August was accountable for the later
strength. Spot sales of 5000 were effected
at points decline and Manchester report
ed good demand for cloth. with yarns
quiet and steady.
About the only influence Of note at the
hour OF our opening were the Fall River
strike, affecting most directly near positions
and the Government weather chart, disclose
ing fair weather as generally prevailing.
AS consequence, some selling was in
duced and lower prices observed. Later in
the session a moderate reaction was noted
partly attributable to interminglng of
unfavorable crop reports with those of a
satisfactory tenor from Texas. That State
shows less glowing condition of the crop
in some sections than was reported a week
or ten days ago, but summary of the en-
tire crop news from there admits of little
doubt that at the present time a good YIELD
| Is expected. Crop reports from all other
parts of the belt are practically without ex-
ception in expectation of a yield in excess
of last year. and in many instances are of
a very flattering character. The monthly
Government bureau report giving the condi-
ton figures for each State and the average
figures are compiled from reports of the
condition of the crop July 25th, and the
average figures will compare with 797 last
year and SS last month. The conditions as
existing now therefore those which the
Government will as a basis for caIcula-
tions and the official report. of which will
be awaited with much interest.
Caldwell, Ward & Co.'S Cotton Letter.
NEW YORK, July 25.-The early news
was far from bullish. Although near months
III LlNerpooi are SllBntly Detter than eX-
pected. the new crop positions are softer
and on the basis of IL. 80 quotations we
opened points lower them. The strike
at Fall River began in earnest this morn
ing and all accounts seem to agree that it
will be long and bitter one. In other
Industrial quarters, conditions are far from
satisfactory. The great meat strike in Chi
cago is. OF course. the most disturbing fea-
ture Of the moment but there is talk also
of a possible strike of engineers on the New
Haven railroad and the Pennsylvania RAN.
road employees have been discussing their
grievances with great deal of feeling AL
together. labor matters seem to he APP
preaching a crisis Higher meats and low
er wages are not good foundation for pros
perity. The troubles in the Red Sea have
come to end by Russia's complete with
drawal Of the doubtful cruisers and the an
nouncement that no further seizures will be
made by them, but on the other side of the
globe in the Pacific, the Vladivostok cruis-
ers are either capturing sinking all ves-
sells that come in their way carrying con-
traband. and 1t is well known trhat the
Pacific carries q number of vessel with war
supplies for Japan all of which are sub
Ject to legitimate seizure by Russia 1t
goes without saying, however. that, right
or wrong. neither Great Britain or the
United States. the two countries most likely