The Montgomery advertiser., 1907-10-04
n. . .. sEER COTTON LETTER.
ysy Pr,vste Wfrs ts 0. c. Abererombie .
 Co., Aok Commefce St.


 O.. lo1z Commerce St.
 New orleans. Oct. a.--still lower levels were attained today as . result of European and professional shorts trying to influenee iiquidation of spot cotton in the South by cabling bearish advices to America regard ing food crops in India. the object being to make 1t appear that the trad: outlook with the Far East is not favorable. some of the English cables read; Manchester market affected unfavorsely by bad Ae- counts from the East India food crop bad" continent selling. market weak that I is being @ sent out from asroad with the view of offsetting poor crop accounts from the South. which were confirmse by yesterdays dual government reports on con dition of the plant and quantity of cotton ginned to . certain date compared with pre- vious years. According to reports rom Alabama, from the Mississippi valley ana from Texas. the out-turn of the crop IS iaent, the yield per acre being smaller than anticipated. It is pity that aii of the Southern States are unable to offer support to the market and thereby check the con, sumner in his plans to bring about stiIi lower iovsl of prices for crop. that in some states, partfculariy in Louisiana and Texas, is little short of . calamity.
 Sentiment In Europe seems te have ns- eiose observers of trade and crop conditions still hava faith in the market, even though speculation having bsen restricted to the minimum, and there are those who have been against the market lately on account of technical features. such as high prices at opening of the season and absence of speculative support. who are now found preaching the doctrine of high prices. they having arrived At the cenclusion that the decline was over~done and that reaction ia in order
 In his last of reports on progress of grow ing crop. Mir, Habersham King says that he is Justified by developments in getting his views as te possible mextmutn and mini- mum out-turn nearer together. hence he Is of the opinion that conditions now point to yield of from 1ih to i2h millions of bales.
 LAst ssason's actual consumption by tho world of American cotton was larger by about 2e0.eeo than the maximum of this tirnate for the eroD. If 1t should come to pass that consumptien Of American this year will be as large or larger than last seasen's is.sas.eoo. and the crop be not more than i2.ooo,oeo. fsrmers. especially in the laws that have placed them as se great 6 disadvantags. particularly since many of them will not make more than . half crop. However, experience is ths hest teacher.
 Yours very tNuiy, C. c. ABERcROMBIE 4 co. NAVAL STORES. Savannah, Oct. s.--Spirtts turDentine firm s2ke; sales 2ce; receipts ss2; shipments Rosln firm; sales z,3ay; receipts a.los; shipments s,s7T; stock ss.loi Quote: ABc g3. sk@s LOO; D s4.o6@le; s4.3o@32k; 1; F s4.4s; s4.se; H e4.Se@55; I s4.55@ 60; K sa.7e@s5; M st.so; " ss.2e@so; VIC 5.so; wv ss,o
 charIesten. Oct s.-Turpentine firm B2hc: sales none.
 Resin firm; sales none. ABc ss. .ss @ss. sS: D t4.0o; E ss.3B; F stars @te; c 34.s7h @45; I s4.So: K S4. 80: M t4.s5; N 35,25 0 4s; VIC $s.sS@TS; wv s5.sb.
 wilmington. Oct. 3.--spirits turpentine steady, 52c: receipts ss casks.
 Rosiu nothing doing; receipts 351. Tar quiet e. 30; receipts 45. Crude turpentine firm s2.75. sa.es and $4. 90; receipts SC.