The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-08-03

way today under a steady flow of offerings
from the opening Of the market which level
was the highest of the day. Liverpool was
lower than last night for spots and futures;
sales of the former were 1000 bales. Pri-
waite advices from the English market
stated: DO not think the market can be
sustained unless crop accounts become I'M
favorable"
Weather conditions, however. were not at
all to the liking of shorts, heavy rains in
central belt scattered showers in other
tions. heaviest in north central Texas, where
needed, which sort of modified their influ-
ence. After opening few points higher
than last nights closing for near positions
unchanged for the more distant arrivals,
Epecember at . SO, the local market gradu-
ally worked lower under pressure of sales
to 3iquidate and to take short side over
| tomorrow's monthly crop condition report.
Circulating of August notices at New York
had the effect OF causing involuntary sell
ing Of the current month. which, coupled
with rumor to the effect that a prom
inent New York operator with Wall Street
connections selling. injected weakness
into the whole list, as did the easier ten
dency of Southern spot markets. Houston
declining Bc to 1oM for middling. and
New Orleans nc to 1oM for midding. and
300. to arrive 300. the market closing quiet
But bS fat the, most Influential feature of
the day was the publishing of the weekly
Government crop bulletin. wherein It was
stated that cotton continued to make good
growth in the central and eastern portions
of the belt. too rapid. however. in louisiana.
Mississippi and Alabama. In detail the
port was much better than anticipated de-
noting improvement in the South Atlantic
States as result of beneficial rains the
past weak. Aside from the usual complaints
of grassy fields, of shedding and OF rust,
no material damage reported except
from central and southwestern counties of
Texas. where boil weevis are said to be do
ing considerable damage Mention was
made of seriousness of drouth in north cent
raj counties OF Texas. but timely rains &C.
curing during past IS hours in that sec
~1IA-
ulating new growth. Tomorrow's monthly
bureau report may may not show as good
a condition last months IS. but chances
are 1t will do so. but If lower market will
probably retire the most practical OF all
months. deterioration usually taking place
TO great extent as a result of hot winds.
sthe equinox season when the elements be-
eems dssRuftsfe- 8 a. 4
q. E. PIERCE & CO.'S COTTON LITTER.
tBy Private Wire from C!bert & Ciay.)
NEW ORLEANS. August THE DOWN
ward course of cotton today deprives values
Of yesterdays gains. The advance in Liv-
erpool barely answered requirements at
their opening ond on receipt of selling or
ders from this side prices yielded, finally
closing AZ slight decline. Cabled opin-
ions expressed little confidence in the mar
ket without the sustaining influence of
poorer crop reports. Sales of spots amount
ed to 1000 bales at q decline of English
points. ard Manchester reported fair bust
prices here were slightly higher and almost
Immediately were reduced by the setting
lders Front rNeaTtnpafehAsefs who preferred
to accept moderate profits, in view of the
uncertainty of the tenor OF the Forthcoming
weekly bureau report Impetus was added
to this selling wave by reports Of the with
drawal of support by the Eastern operators
who have been accredited with having accu-
mulated a large long interest. Offerings be-
coming quite free. were absorbed only on
steadily decreasing prices. The weekly but
reau, was regarded as showing favorable
conditions whole. The considerable
damage in Texas by boil weevil was not un-
expected and complaints from other sections
were less serious than anticipated. Such
shortcomings locally mentioned. as grassy
fields, black rot. too rapid growth. ETC.
are in a measure equalized by the noticeable
absence of insect damage other than boil
weevil and the general accounts Of
shedding are regarded natural condi-
tion Of all productive vegetation whether il
be bush or tree. We are inclined to con-
slider today's report adding more i'm
portance to the condition figures of to-
morrows monthly bureau. material changes
not having been shown to have transpircd
since the collection of the data from which
tho latter is complied. and 1t may quite
safely be expected that the figures will he
within the range OF those July conditions
which have invariably resulted in yields
above the average