The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-08-03
MARKETS FOR FUTURES
DULL AND APATHETIC TRADING
THROUGHOUT THE SESSION.
Movement Of Prices So Sluggish ~ to Be
of Little Importance--Iittle At
tention Paid lnternation-
nj Developments.

NEW YORK, August 1.-The cotton mar
ket opened steady at unchanged prices to an
advance of points and at first ruled fair
ly steady gaining another point or two on
the active positions on moderate bull sup.
port and covering In response to somewhaf
higher Liverpool cables than expected ny
central belt. rains being reported in those
sections where grassy fields are already
complained Of, and apprehensions that the
weekly report at midday would prove less
favorable than Of late. But the advance
carrying the new crop months very near to
the ten cent mark attracted heavy selling
AMI with bull support less, aggressive. the
market soon began to work lower. The
weekly report read at midday proved more
favorable than expected and promoted sttll
further pressure with the market I'm the late
trading weak and unsettled. 1t closed 1t
tn SbottoA or practically SO at a net de.
cline of "a $50 points with the tone barely
steady. Sales were estimated at $4,000
bales.
The decline in the afternoon was assisted
by reports that the leading bull interest
was attempting to liquidate. This party. 1t
il said. had issued a market statement to
leading wire houses early in the day advis-
ing cpfering on the ground that tomorrow's
monthly report would prove less bearish
than expected. and II appears that these
houses took this statement to mean that
the bulls desired to make market for
covering and advised sales instead of pur-
chases At any rate. leading wire houses
with New Orleans and more Southern con-
nections were leading sellers on the decline
while the idea that the bulls were unload
ing was fostered by occasional offerings by
lower Wall Street brokers.
DAILY COTTON MARKET.
NEW ORLEANS. August Cotton quiet
sales 1900 Ordinary, 7 1916: good ordin-
airy, az: low mddling. 9&; middling. loss !;
good middling. 10 11-16: middling fair,
10 I5-is :, Receipts. 90; stock. Sc. 203
GALvESToN.-Firm: middling. 10 9-16;
sales 80 receipts. 10: stock. 1929
ACCOMPLISHMENTS; middling. 1oA; re-
ceipts. $50: stock, 6l7.
SAyANNAH.-Quiet: middling. 10h sales
ISL: receipts. ITO; stock, 1884.
CHAMPIONSHIPS middling, 1915
sales. 100; stock. $40.
NEUTRALITY-SUSPICIOUS. receipts, ss.
ACCOMPLISHMENTS. $50: stock. $3.50.
NEUTRALITY-SUSPICIOUS. middling. IL. Is;
receipts. 20; stock, 1.727.
BOSTON-Quiet; middling. 10. 20; net re-
ce'pts. 173: gross. ISL. s
PHILADELPHIA. - Quiet; middling.
10. rs: receipts, Sc; stock. 1853.
ST. LoUIs.-Quiet middling. 1913; re-
ceipts 20: stock 1921.
NEW YoRK.-spot cotton quiet; mid
diineb nisys n gross receipts 944; sales.5 sea,
stock 39.s6s; exports. to Great Britain. s4s:
to France. 100
Total today: Net receipts. 1850: exports.
to Great Britain. 2.25s; to France, 100; to
continent. ass: stock, 100. 169.
Consolidated: Net receipts. 6,06s: exports
TO Great Britain, s.097; to France, $50: to
continent, 1.211: to Japan. 1,405; to Mexico,
asa
Total since Sept 1: Net receipts, 7.121,-
342: exports. to Great Britain. 2.4s9.ol9; to
France. 6ss,914 to continent. 2,5S4,7S0; to
Japan 4e.195; to Mexico. 1880.