The Birmingham age-herald., 1904-07-28
Naval Stores.

Savannah, July 27-Turpentine firm, 53Ac; receipts S95; sales 29S; exports 50. Rosin steady; receipts 2SS4; sales 175S; ex- ports 6OO Quote: A. B, c. $2 2.271k; D, 2.S21s; E, $2.371k; F, $2. 421s; G. $2. .475h; H, 2.65; l, $3.05; K, s3.50; M, 8 3.721b; N. s3.- S213; window glass. $4.22h; water white, S4.521h
 Charleston, July 27.-Turpentine firm, 53c. No sales. Rosin firm, no sales Quote: A, B, c, s2.20; D. s2.25; E, $2. 80; r. s2. .35; c, $40; H. $2.55; l. s2.S5 K. s3.3O; M. $332h; N, $3.621s; window glass, $4O5; water white s4.S214
 Wilmington July 27-Splrits turpentine steady, 6Sc; receipts 60. Rosin nothing doing; receipts 112. Tar firm, s1 80; re- ceipts S3. Crude turpentine firm s2.25. $S.75, $4; receipts 17S
 Caldwell C Wards n.arket Letter.
 New Orleans, July 2z-Low tempera- lures prevail in belt and showers con eastern districts as well as scattered points in the southwest. including Texas, where dry, hot weather is required to force the plant to maturity. The steadi- ness of values Is due to slow move ment of new bales to market and scarcity of offerings from Texas for August and September shipments. Under ordinary conditions, such sensational political in- formation as was In circulation today would have had a depressing effect upon cotton, but securities seem to have been the only sufferers, London stock market closing demoralized, consols down anoth- CT 9-16, and French rentes 32lk points. Liverpool appears to be much concerned over outcome of the several seizures of British bottoms and the sinking of an English ship by Russian auxiliary cruis- CTS. Foreigners have lost faith In higher prices since curtailment has been entered into by Manchester spinners, which has been taken mp by southern mills. where a reduction in production of 25 per cent will be enforced during August and Sep tember. The strike at Fall Rivers is i'm portant factor in this connection also, and the trouble at Chicago is not helping matters any. Were 1t not for the fact that stocks of old crop cotton are SC low as to make It dangerous for traders to oversell themselves, operators would be offering market down on promising prospects of the growing crop. As mat ters stand, few sellers for quick turns, which made market a scalpinE affair around $40 for December. Higher prices experienced at one time today were due to combination of influences. The weather south was not altogether satisfactory, Mississippi and Louisiana sending In com plaints of too much rain, of crop suf- fering for want of cultivation. and of plant going to weed by too rapid growth. At New York longs supported the mar ket, new crop months receiving most at- tention, the buying being influenced by anticipations of crop deterioration, while local longs paid their respects to August on presumption that receipts of new cot ton next month will not be as free as generally expected. We hear round lots of new cotton in certain districts of southwest Texas. but holders not parting with their property. which probably &C., counts for light receipts of new bales at counted towns. holders concentrating cotton at visible points in effort to secure better prices there being very little de- mand for spot cotton at moment, market here closing quiet at a decline of 1-16 to 1olzc for middling; sales only 15o; re- ceipts, 1942 at all ports.