The Montgomery advertiser., 1904-05-13

tons of the belt were more encouraging In the eastern parts of the belt. however, served 10 create some uncertainty and as the day wore on shorts covered. The de- best but s tt sas as sufficient ts bring asou. a somewhat steadier ruling as the session aged. The trade as whole was only mod
 oon ssss ns ss tes in Thers was fresh line of good buying for the account of a strong Wall Street interest and shs helped to encourage opsimsss ,ss The a fair demand and small offerings. The general outlook continued to favor buliish week end statistics ell around. but especial attention was given to the rapidly decreas- ing local stocks. The estimated port re- eeipts for the day were 5000. against 7.- los for the same day last year.
 u. a B BEERS COTTON LETTER. tBy Private Wire to Caldwell. ward 4 Co,
 NEW ORLEANS. May l2.--The disap- open 10 to ii lower on old crop months and 10 II on the new. Pessimiegic crop reports from Texas were instrsnnsntai In establish issr ss an Ss sssss asssf aas ass of demand for spots and unfavorabie tex tile trade outlook super Induced decline or asou is9m ,ns .op on nss sfA Ioss ss so II points on old crop months and to ! points on the new, In the early part or the session exaggerated reports of damage = prices favorably. Our advices from that State by wire today are to the effect that the crop Is improving. with exception that the nights have been too cool Mississ- ippi reports are generally of an optimistic phase, The weather on the whole through out the South is considered favorable in- terfor spot holders showed more disposition to sell and concessions were freely made to Influence traders. but exporters were indif- fereut. claiming to be bare of orders. The absence of speculation the poor trade out look and apathy of spinners are not encour- aging features toa those interested in the old crop months More interest is being taken in the new crop options. which will continue to be ruled by weather conditions. e. K. FIERCE A CO.'S COTTON LETTER.
 fBy Private wirs from Ginert & clayo absolutely too quiet to-day for trading pur- poses, Nothing new developed and opera tors having none but old features to contend with apparently agreed to let matters
 Liverpool disappointed those who were committed to the long side The English market due to improve somewhat but did the opposite In 6. moderate way Cables mentioned that the *market was suffering from past excesses and more activity on the part of consumers was necessary to sus- tain prices Fluctuations were narrow here. Talk of cold weather and consequent crop injury encouraged an early demand that stimulated prices slightly, but the absence of spot demand and sprinkiing of offer ings to hedge actual cotton forced cas- fer tone and moderate decline. It appears that without concerted bull manipulation the market is inclined to drag to . lower level. as it is evident that spinners are not disposed to be coerced into buying by pres enabled to pursue a policy of independence owing to the dulness of the market for manufactured goods
 Caldwell, Ward A Co.'S Market Letter.
 NEW YORK. May 12.--Tb-day's cotton market continued comparatively unnterest- ing. Official cables reported spots lower. opening. and Fall River people sent pessi- mistic dispatches. Private wire houses re- ceived the usual varying telegrams. but the Mississippi valley, but Texas advices rather pessimistic. although were not back ed by buying orders. The matter of receipts sion and New York sentiment is quite gen eraI that we will have to deal with a crop of 10000, ,000 bales but the impression Is that while we have a 100000 bale crop. we have less than io,OoO, OoO bales consump- ton. The condition of the financial mar kes is of course also noteworthy along on sness the n1 Isst ha, So houy nndsr sales of long cotton. We continue to feel that operations in the old crop months are attended with too much risk for careful people and the new crop options will prob ably be largely weather markets.
 NEW YORK COFFEE AND SUGAR.
 
 quiet; No. ' invoice. s%. Mid quiet; Cor dova, I0@13.
 suear--Raw firm: fair refining, sM; cen- trifugaf, ss test. s%; molassss sugar, 8; re- fined firm.
 Coffee futures opened steady, unchanged and at first was very quiet in the absence of important news and European cables. but became a little more active later on . scattering demand which. in the absence of selling orders of note, imparted a steadier tone to the market. The close was steady net unchanged to 10 points lower, the ad- vance being on the late months. Sales, si.- ROO bags. July ...s .'.. ....5 bO@5 .55 september ....b. .15 @ 50 December zee ......6 .O5 January ..s. '..s ss'' ....6 .10@6. 16
 KANSAS CITY HIVE STOCK.
 KANSAS CITY. May I2.-Cattle--Receip 2,50G Steady to strong. Export and dressed beef steers. 4.e0q5. .25; fair to good. 4:00@4,5o: Western fed steers. 4.0O@4. S5; stockers and feeders 3.25@4.70; Southern steers, 3.T5@4.3S; do. cows, 2.25Tb3 40;