The Montgomery advertiser., 1904-08-18

State Reports from that quarter are be-
 coming conflicting. some reporting crop
 much better than last year. some not as
 sions of rexss sss received the best re-
 ports end Assh methe most productive sec
 Zion. q fsli ssSp . Expected. though bon
 sections of the State and the weevfis are said to be increasing and becoming destruc- tive south of Waco.
 Taking everything into consideration. crop accounts are about the average and pros poets are for . very large crop. made al- most certain by crop being 90 far advanced as to make 1t possible to escape damage from an early frost The movement. we be- | iisye. when once under way. will have | more effect on sentiment and more pressure | on market than wiu any other factor. The
 heavy movement w ne t Sy the the end % of the A current re t | month and arrivsis in September and Octo- | Der are sxpscted 10 make new records in s Already, thss Missisklppi valley ,s in com.
 petition with rexas in offering nearby ship. ments. and the more eastern States will be | in line within very short time.
 Galveston spots were reduced 1-i6c. Sa- vannah closed easy. but short order ct New Orleans. 1t being hard to fill engage ments on account of scarcity of supplies
 The local market closed Nc up; sales. 500;
 to arrive 100. y~ss
 O.. E. PrERcE . CO.'S COTTON LETTER. lBy Prfvate Wire from Gibert . ciay.l k NEW OhA6ANbs Au8uet If.-LitcrpoVt | manifests e willingness to be guided entire | ly by the action of the cis-Atlantic markets Early cables furnished c full response to
 sSs io~er tendency of tns fir.t hour % of our trading their gains were nearly all lost New crop options finally closing 10a points gain as the net result of the days trading | Spot sales were 5000 bales at 13 points ad- vance. Manchester reported . dull yarn market and fair amount of business do- 1 ink in cloths.
 Il ros~ u>A A> | belt with good rain at Oklahoma the only exception of note. Temperatures were not shown to be higher than beneficial. These | conditions were sufficient to induce e cer- l prompted by the belief that further assur- | ances of crop deterioration would not be
 infreouent: was apparent. In this connec. July-August rainfails in past seasons. re- ! garded as excessive at the time. 1t would
 seem logical to infer that damage to the | crop will have to be from some other cause. | However. the condition of the plant conse- | quent to the continuous rains is such to
 make the absence of excessive high tenn peratures much desired as we'll as a frost date not unusually advanced on account of
 the delayed maturity. We are not of the
 opinion that 2 large yield has not been
 scalping market until the weight of the | movement may be greater factor.
 L0vEMAN . CO.'S MARKET LETTER. NEW YORK, August 1I-N is evident | that Liverpool Is inclined to take the bueAau | seriously. for the advance there was more l than called for by our close. Selling from
 this side. however. based on clearing | weather over the greater part of the cotton | belt. turned the early strength into weak ness and caused loss of the first advance. | Spot sales. 5000, at IF points higher than | yesterday.
 There has been a good deal of long liqui- | dalton throughout the day. besides short | selling. but there has been no aggressive l movement on the part of the bears. Al | one time prices were 11@12 under last
 nights fugures. but toward the end of the day there was a little rally and the clos | ing shows a net loss of 9d1o points
 l The market continues to be a scalpins | one until cotton comes in in sufficient vol.
 ums to meet requirements on reactions promise to prove profitable. All the good | crop news., of which there is plenty the
 moment the rains hold up fail to have more than a momentary effect on prices
 spinners are free buyers every decline
 and 1t looks if the present level or e little better should continue between, now | and the next bureau. while any unfavorable | crop news would tend to bring a sharp ad. | vance. Events in the Far East are march.
 ing fast. Japan has demanded the sur | render of Port Arthur previous to stormns | 1t in a final assault. Liverpool is expected | to come unchanged to l lower tomorrow.