The Montgomery advertiser., 1904-04-10
H. R. REER,s COTTON LETTER.

(By Private Wire to Caldwell, Ward & Co-p
 NEW ORLEANS, April s.--As Liverpool
 was disappointing our market opened to lower and shortly after declined 10 to II additional on realizing. The very bull
 ish visible supply statement, the light movement and the steadiness of spots o. casioned an improvement of 10 to 19 from
 the bottom later in the session. Near the
 close room traders taking profits caused slight recession, making the net gain ! to points on the day. The visible supply of all kinds decreased 10000 during the week. against decrease of 13,000 last year. The decrease in American during the same time was 10000. against se,000 last year.
 The total visible supply is now S.osz ooo, year before last. of which ths American Is
 1906, GOO, against 2,263,Ooo last year and B.
 S10.0O0 year before last. Tthe total Liv- erpool stock of American ashore and afloat
 is 56e. 900, against s1s,Oo0 last year and l. 0S1, 900 year before last. The amount brought into sight from Texas during
 March was TS,00o, against f75.000 last year and the total marketed from that State from September 1 to March 31 inclusive was 2.265, ,000, against 2.6S0,000 last year. The spinners' taikings of American cotton during the past week we're 1s6.0o0, against
 1S3, 900 last year, and their total takings
 from September 1 to date have been 7.S07,-
 00O, against s.17s,o00 last year. or 372,-
 GOO less. indicating a consumption of 1O,-
 4s7. 900 for the season on the face Of the
 takings. The movement on it's face points
 to a crop of 10,349,000: therefore 1t will be
 seen that the consumption on its face so
 far exceeds the supply by 13S,000, making
 1t imperative to draw on the surplus of l..
 1S2, 900 carried over from last year in the
 visible and invisible supply providing spin
 ners continue taking cotton on the same
 ratio as heretofore. for the balance of the
 year. The total visible supply of Ameri-
 can to date shows deficiency of 267,000
 under last year and 814s00o less than year
 before last. From the above figures 1t
 will be that the statistical situation
 1wxN to NF 11.V.N .NnA
 strength and can possibly grow more acute
 from week to week. The census bureau
 estimated the Texas and Indian Territory
 out turn at 2,74s,o0O bales and, according
 to Secretary Hester, up to March 31, g. 6s5. 900 had already been marketed: con
 sequerGly it looks if the census has un-
 derestimated the yield from these States.
 Caldwell, Ward d Co.'S Market Letter.
 MONTGOMERY, April g. = Liverpool cables were disappointing and considered
 poor. This was presumably due to some realizing the short day. New York's opening was better than expected but easy and quickly showed a decline on some re- alzing. Spinners will gradually use up the small stocks they havo and be forced into the market. The small stocks held in the
 interior towns are in strong hands and are not likely to come on the market until the highest price Is given ranging anywhere from IS to IS cents a pound. Those enter ing the market either buying or selling.
 
 limited profits and realize that this is q scalper's market and repetition of three 1 cent fluctuations are not likely to On New York's close Liverpool is due un- changed.
 Port receipts to-day, 4.0OO. against 7,- | 800 last week and 5,700 last year. Ac-
 cording to the Financial Chronicle the total crop receipts for the week ending April &
 were 40,13S bales, against 56.l25 last week. Total since September lst, 674l,742, against | T,Os9,0l0 for tho same period previous year Reports from the South Indicate that the weather on the whole has continued favor able during the week. Mills takings this year. T.S07. .Ooo. against s.179o00 last year The situation from the standpoint of sup ply and demand Is more assuring. The wind was too high for frost last night, but conditions will be more favorable for materializing of frost tonight. Advices
 say the boil weevil this year is of unusually large size. Except for this pest the cot | ton prospects in Texas more flatter- | ing than for years. No improvement has l been shown in cotton yarns and warps re- | gently. Prices slightly off. and spin ners are showing signs of weakness, al- l though the demand fails to show any re- vival