The Montgomery advertiser., 1904-03-10
G.. E. Pierre c Cos Cotton Letter.

(By Private Wire from C. w. Lee Co)
 NEW YORK. March e.-The break that came just before the close last night was rather a surprise. but not to compare with the surprise of the morning when May opened up over half cent. July sold below l5.75 yesterday and then advanced over I6. 30 to- day July up SO points over night. This was due to the strength in Liverpool. We said yesterday that the outlook there was such as to cause excitement sooner or later. We don't see how this is to be avoided Liver pool has almost nc cotton on shipboard here. and very little afoat and small stocks there as compared with year ago. Spots are sell ing in large blocks and at l7k cents. This furnishes a very sound basis for the market. We only wish there was more demand for cot ton fin the South. But will venture a pre- diction that if receipts continue as they are now there will be demand enough before many weeks to satisfy the most enthusiastic bull. As far as the market goes can see nothing in the outlook to warrant any change in atti- tude The situation is strong that one needs to be careful about the buying side and not over trade. There is cotton sold from time to time against spots and this pressure operates against the market. But on the other hand there is no cotton In sight. Liverpool wants 1t and as long as receipts are so small there Is nothing to do but keep on the buying side sand look for a mild market before the advance culminates. Conservative buying seems to be the key note of the market.
 Marine News.
 NEW oRLEANS.-Cleared: Strs Proteus Halsey. New York; Mogdalia. Br.. Horsley NHlaSGOW1 Etonlan. Br.. Jacobsen. Liverpool; Malm Nor, Salvesen Port Arthur: Baker. Ger. Schon- wardt. Port Limon; Spero. Nor, Lonn. Fort Barrios: Brighton. Nor. Krohg. Port Limon
 PORT EADs-ArTived; strs, Baker Ger. Schonwandt. Port Limon; Mechanlcian. Br. Ball. Liverpool; Beverly. Br.. Rose. Port Limon. Sailed Strs. Sudal. Nor. Filing m, Ceiba; Pfoteus Halsey. New York: Co mino. Br Browne. Clenfuegos: Roanoke Han
 MoBILE.-ceared: strs. Herald, Nor. IF. gens Bocas del Toro Ontaneda, Sp. Nacha- tuve. Tampico; schr. Robert Mcfarland. Mont gomery. Havana
 JACKSONVILLE.-Cleare Schr. Cheslie Br., Brown. Port de France.
 SAVANNAH. Sailed: Str Fredericka, Aust. Kreglich Barcelona.
 PORT. TOMPA.-Arrived: strs. Queenswood Br. Nevill. Boston: Romsdale. Br. Whitten Olivette, Turner. Havana via Key West Sailed Schr, Basutoland, Br.. Roper Havana
 KEY WEST.-Arrived: Str. Mascotte Allen Port Tampa, and sailed for Havana; shinEe'
 REANDINA.-Arrived: Bark Atlantic Dan. Rasmussen. Barances. Sailed Str Riftwood, Br.. Hovland. Ghent.
 NORFOLK. Sailed: Schr. Edith c. Folwell
 NEWPORT NTWs.-Arrived; Str. Rams hammock. Br.. Buckingham. Liverpool Sailed Schr. Robert H. Stevenson. Higbee. Key West NEW YORK.-Str Lombardia from Genoa Naples. Palermo. etc, for New York. passed Nantucket light at p. m. Sailed: Geor' sia. Liverpool: Oceanic. Liverpool; Rhein | bremen.
 YoKoHAMA-saied: Indrapura. Portland | Ore.
 KINsALE.-Passed: Dominion for Liver l pool.
 GLAsGOw.-Arrlycd: FurnessIa. New York 1 LlNERPOOL.-Arri; ;ed: UltCn. Boston. Salled 1 Devonian Boston.
 sCILLY. Passed; Patricia, New York fol | Cherhourg, etc.