The Montgomery advertiser., 1904-08-11

which State all Europe looks for supplies or raw spinning material In making the crop however. all States are to be consid- cred, and as al lbut three. Texas. Arkansas and Tennessee, reported less favorable pros poets than the week before, the deteriora- tfon noted deserved more than passing mo- tice. In Texas prospects are not near so rosy as they were two weeks ago when the for that State. published August Sd. as weevils in the southern and central portions of the State have become more numerous and more destructive. as have the boil worms in north Texas and in the Terri tories. With the exception of last year. when an increase of IL points was report ed in condition of crop during August, there has not been a season since 1890 in which there was less than points decline in con- dition during the current month. in one instance the deterioration amounting to but expect a marked falling off in the gem eral average condition of the crop when re- ports are taken at the close of the third week of the current month. excessive rains in central and eastern sections and boil weevils and boil worms in Texas having done considerable damage in the past two weeks. Meanwhile there Is no accommodating of stocks on the contrary, exports. small as they are. continue to make reserves fig ure smaller day after day. New Orleans holding 2110s, against 2s.613 last year.; and all ports s4.22o. against 2os.71s. There Is and will be good inquiry for early ar rivals of the new crop, exporters offering 40 to 50 points on for good middling. Sep tember- October delivery. of which business there is but very little transacted to date. the country offering but sparingly for Aug ust delivery little or nothing. A return of fair weather might serve to recover some of the loss in condition of the plant. a re- suit of unceasing rains. but if wet condi- tions prevail, or if very hot weather was to might result on account of too much mois- ture In the one case. or from scalding and shedding in the other; at best August is a critical month. Local market opened about ' points up this morning, with December at 9.61; sold at 9.63 down to 50 and final ly closed at s.5s@9.5e. Spots closed steady and unchanged. Sales, 325, none to arrive Middling, 10A.
 LOvEMAN q cos MARKET LETTER.
 NEW YORK. August 10.--It now seems to be the general opinion that the bull clique has started in getting off a good part of their holdings by sales in Liverpool and this market The return of clear skies to Texas and prospects of clearing weather in the eastern half of the belt no doubt hast ened their liquidation. but 1t is a remark able fact that the market was able to ab- sorb these and yet close at points higher than last night. Picking has already be- come general again in Texas and begin free ly in a day two in the Gulf and Atlantic States, as soon the fields are dry enough for the pickers to go in. Unless a fresh spell of bad weather should ensue we may
 
 week. There is no denying, however, that those who expect a large movement during August are certain of disappointment. for over ten days have been lost by the wet weather and of course can not be caught up. Affairs in the Far East seem to be rapidly approaching a climax. It looks as if the Japanese have the Russian garrison at Port Arthur at their mercy and can force equalization any day they fit to make their final assault. It Is their in- tention to make one great coup of the whole campaign by waiting until they have entire ly surrounded the main Russian army and forced 1t to surrender and then on the same day to capture Port Arthur This is a feat which seems among the possibilities would be of special Interest to the cotton trade since the conclusion of the war would be considered a bull factor. Receipts from now on will begin to play important part, but little influence can be accepted from them until we have had at lesSt a week or sufficiently heavy movement to show that the season has begun In earnest.