The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-06-05

would point to an increase Of Also, ooe
bales over last year, or outturn OF Ia
yield will be 10000. 900. The weather
since compilation of the report. May 26th.
has been favorable, yet It must be under
stood that subsequent weather conditions
will either increase or decrease the pres
ent indications OF yield. Sentiment contin-
ues bearish on the weakening Of the sta
lions and good weather. but the present
level of values may attract spinners to
| market and cause a steadier undertone un-
til more Is known of the next crop. The
percentage of increase in the different
states, compared with area planted last
year. Is as follows: Virginia, -; North
sia. III; Florida, 1917; Alabama, 90;
Mississippi. 1915; Louisiana. 1875; Texas,
IL; Arkansas, 90; Tennessee, Ills; Mis-
souri,. %; Oklahoma. 2s.2: Indian Terri
tory, 2s. Concluding his report the chief
OF the bureau department remarked that
aside from the large increase In acreage.
due mainly TO the high price Of cotton,
they are no conditions calling for special
comment With the exception OF Missouri.
small producing State, there is not a
State but shows some improvement in con-
dition over the last year, even Georgia re-
ports average Of rs, against Is while
Texas is IL points better, 81. compared with
20.
Spinners' takings of American during the
past week were $4,000 bales. against 14f-
600 last year: since September list 1884,
600, against ASIA, 600 last year The visible
past days, against n decrease of $500
bales corresponding time one year ago re-
ducing the worlds visible stock to 1873
kinds visible lost rs. 900 bales past week.
against an increase OF 5000 last year: to-
tai visible stock tonight. 2.444.51s. COM
pared with 2.645,121 last year.
Caldwell. Ward q Co.'S Market Letter.
NEW YORK. June 3.-The weather after
the holiday. excellent rains generally over
- rtrt
eddy more favorable weekly bureau report
last Tuesday than was expected, with an
entire absence of spot demand and spin
ners' buying encouraged further liquidation
in the old crop months and general pres
sure on the entire list. so that all posi-
lions sold off sharply and the decline
caught many stop orders and the July op-
tion showed the exaggerated decline Of
about 100 points in the last three days
The failure Of the New Orleans bulls to
support the market as was expected has
proved a severe blow to the bulls in Ali
speculative markets well as to spinners
who had stocked up their warehouses with
mer corner to that OF last year. II had
been hoped that on this break spinners
would come actively into the market, but
the recent curtaisnent has put the world
keeping with the present crop and until
there Is change in conditions which will
manufactured article continued absence
of buyers may be expected and the market
Will net likly take on much strength
though rallies from time to time NAV be
expected. There is some evidence OF spin
ners buying the far months generally from
August to December. showing that they
are willing &c take their chances on the
spot cotton. though at present price Of fu-
lures the far months appear attractive
The feature of the week has been numerous
private crop reports, the most prominent
among which is that of the Financial
Chronicle and the Journal of Commerce
The Chronicle estimates an average in
crease in acreage of IL. So per cent The
acreage given by the Chronicle for 1903 was
2S,995000 acrs while this year the increase
of 1882 per cent put the AREA planted at
s2,SS2ooo acres This Is much larger than
other esffmatea