The Montgomery advertiser., 1904-05-04
VIRGIN q FAUNCE,s COTTON LETTER.
 lover Private Leased wire.l

NEW YORK, May s.-The operations in the cotton future market to-day were only moderate..' the opening was seady, in tone with first prices at e decline of 2 to 6 points. There was moderate line of liqui- dalton in both account of professionals while room traders were noted on the selling side. Cables were disappointing and foreign houses figured to be working in the hands of the shorts Favorable weather condi- ttons were a feature and private advices from the belt resulted ip receipt of selling talk of an increase In acreage and 1t was estimated that 4he Government reports will eventually show ten per cent increase as compared with last year. On the lower prices there was a fair scattered demand. many of the recent sellers getting under cover. This demand checked the decline. but the market did not appear to be in mood to advance despite the small receipts and improved cash demand. The weekly Governmentxreport was given a mixed in- depreciation. but was bullish. The esti- mated port receipts for the day were 5000, against i5,o37 for the same day last year.
 Caldwell. ward Co.'s Markst Letter.
 NEW YORK. May s.-To-day's cotton than usual. but the fluctuations have been very narrow. On the disappointing cables the market opened easily and sold off to fl for July, making a new low price and while there Nseemed to be a fair demand at the decline there was enough offered 10 prevent any healthy rally In the afternoon the passing of increased commission bill by the exchange seemed to increase some Duilish feeling and July sold to 51. but the closing was weak and uneventfui. The weekly bureau. while more bullish than ex- private advices, which appeared more &C., ceptable to the general trade There is yet ample time for the new crop to mature much earlier than last year. The spot mar ket in the South is very quiet at decline of A0k. On New Yorks sclose tonight Liverpool is due to come to up.
 CHICAGO GRAIN AND PROVISIONS.
 CHICAGO, May 3.-Active covering on short sales Following a sudden decline in wheat prices to-day caused a quick recov- cry. the market closing strong with July he higher than yesterdays final quotations Corn is unchanged; oats Ac lower, and pro- visions 2 X @ BOG lower,
 Almost ideal weather throughout the greater part of the country caused heavy liquidation of wheat at the opening and heavy selling pressure made a considerable decline in July at the start, that month be- ing off h e &c to- sax Qs4h. There were stating that seeding operations were pro- gressing rapidly; weakness of the grain mar kets at Minneapolis and Duluth. rumor that the Missouri crop report to be issued For the first hour. the market ruled ex- tremely weak. losses of nearly a cent being made in all deliveries July reaching s3%. The selling craze, however. wes too unani- moua and the market became oversold Buying on a large scale by a prominent commission house was supposed to be for account of a leading trader. causing an ad- vance. Active general demand resulted in a complete wlptng out of the preceding de- cline During the latter part of the ses- sion the buying continued liberal and the market was held strong. After selling at s4%. July closed at S4h. Clearances equal ed 75,700 bushels. Bradstreets worlds wis ibie showed an increase of l.oT2oo0 bush els. Primary receipts were 21S.100 bushels, against S44,100 a year ago. Minneapolis Duluth and Chicago reported 103 cars, against 102 last week and 1SS year ago.
 Influenced by unfavorable weather and a decline in wheat. corn showed consider able weakness during the first part of the session. There was quite lot of corn for sale and apparently not much wanted. Some of the selling was due to a rumor that the Illinois crop report would be bearish. The change to a builish sentiment in wheat was followed by similar reversal in corn: shorts became active buyers and the mar ket continued good to the Send. Practically all of the early loss was regained and the close was firm and about unchanged. July 47%, sold off to +7A q 4T&. advanced to 4s and closed at 47% GAS. Receipts. 32i cars. 32 contract SN
 Oats were influenced mainly by the action of other grains The market was weak early due to liberal liquidation but later turned firm. July opened e hc lower at 3Sk GasA tranged hetweenh eaS @3sh and 3S % and closed at SS 5a ! Receipts. 1l0 cars.
 Provisions weTe weak under active sell ing. by packers and exporters. There was firm opening son the bullish hog market but early weakness in grains brought out influential selling. resulting in a gradual decline. July pork closed soc lower at II 72h; July lard down 10c at .69l and ribs off 21A q 5e at 6 40 096.42A.
 The laadIno fut,,raa rznwnA4 n. Rou1u,..