The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-08-04

was about 7,Oo0ooo acres smaller than It
Is today, and with ten-year average OF
sat- This is a remarkable showing. all the
more so when one considers the uniformity
of condition by States, not one of which av-
erages less than 30. all improving 1 to 6
points. Georg:a 9. Texas 8. bat, Of which fig
s is n saf .s s,s ssos FOR year CROP OF
so late In the season, more S6sbecause of the
plant being well advanced in maturity.
which makes II possible for top crop to es-
cape early frost In event OF an early winter.
1t is after this period OF the season that
the plant suffers deterioration from the nu-
merous causes so prevalent during August
and September. and while many are wont
to claim sectional damage, the weekly re-
port of yesterday, which continued where
thel monthly report left off, reported fur
thef Improvement in condition of the crop In
the eastern section of the belt. which prob
ably offsets any setback that may have
taken place In the central and western dis
tricts, Such season as we have had to
date has rarely, IL ever, been experienced,
especially since the cotton region has grad
ually been, expa ndlng to such an extent as to
make II a physical impossibility for the
South TO. gather a crop which IL possible
under present conditions, labor being insult
ficient- With q continuance of alternating
rain and sunshine, showers still in evidence
all over the belt, II Is not likely that the
plant is to suffer from drouth though 1t
is not too late for such developments to ma
terialize The worst to be feared now is an
early frost. bad picking season or scarcity
OF labor. either of which would be detri-
mental to the size OF the crop. Based upon
results Of last years crop. which is prob
ably the best to go by. acreage being more
alike than other seasons. present condi-
tions point to a crop Of 12,604.000 bales. but
subject to alterations on account Of future
weather conditions. The decline OF about IS
about 10 points today, discounted, in a
measure. the unlocked for high condition OF
the crop. December sold as low as 9.29,
after having opened at 0. 40, but shorts were
DurchaaeTa Vyh mr.
counts for the steadiness OF the market
Caldwell, Ward d Co.'S Cotton Letter.
NEW YORK. August s.-The strongest
kind OF missionary work by the bull leader
failed to hold the market during the day.
but It must be confessed rewarded the eff
forts OF his brokers in the afternoon to pre-
vent what at one time promised to be q dis
astrous decline The net loss of the day is
only a matter of to 10 points and yet we
have had the most bearish bureau report
issued In years. II is safe to say that few
II any expected ascondition high as that
published. 9i.6. but there was such a gen
eral desire on the part Of the shorts to take
profits on the small decline which fol-
lowed its publication that the downward
movement was promptly checked and some
OF the loss recovered. 1t was evidently
the purpose of bulls to prevent decline
here today so as to make favorable i'm
preston on Liverpool tomorrow. If that
market opens steady, attempt will be
made to unload long holdings there. The
.ceptienallys favorable has the distinction of
showing the greatest Improvement per
month from June to July and from July to
August in the records of the Agricultural
Department. The start as represented by
June figures of SO a good one. The
Improvement of points to So In July was
without precedent. and the further of S.s
for August exceeds all records for that
month. 1t is not surprising. therefore, that
hopes are entertained for a monster yield
and the fact that prices gave way so grudg-
fngly is, matter of wonder to all IA
miliar with the crop situation. 1t Is pos
sible that the full effect of today's report
may not be felt until new cotton begins to
come on the market freely. but a safe stand
to take is that the market is a sale on any
rallies we may have reports of damage
such as naturally may be expected at this
time of the year.