The Montgomery advertiser., 1904-09-02
MARKETS FOR FUTURES
FURTHER EXCITEMENT AND IRREGU-
 LARITY IS SHOWN.
Opening at an Advance of 15 to 21 Points, Even That Being Under What Was Due-Smail Gains
 at the Close.

NEW YORK, Sept. I-Cotton showed fur ther excitement and irregularity today. The market opened firm at an advance of f5 q 21 points. which was hardly much as due on the showing made by Liverpool. where prices affected by decreasing crop esti- mates" an improved demand forl lspot cot ton and covering by recent sellers. Ac- cording to private cables, were fully 25 to 90 American points ...sner than due on the local close of the previous day. good de- mano was attracted by this showing, and some of yesterdays sellers were evidently nervous enough to cover, but there was a continuance of the pressure noted during Wednesdays trading and after some ir- regularity the market sold off until the gan had been reduced to q matter of or 6 points on the more active m~ths. But everything considered the market absorbed the offerings surprisingly well and lust around midday rallied renewal of bull support and some outside buying attributed to the influence of a bulish crop estimated by the leader of hast winters bull campaign. predicted a crop of only 10. 100000 bales. This was not taken very seriously by To- cal traders, but there much apprehen- sion as to the probable shcwi~% to tomor- rows report and the smaller ,rts at any rate are not 'over-confiden. of .- large crop. creased demand by advancing to about the opening figures. But the buying soon stopped and the market meeting with con tinued liquidation by bul.s who wanted to dispose O their holdings befcr the bureau report worked pack agaiL and in the late trading was quet ard easy at about the lowest pE:ceS CT tue cay The close was steady at a net advance of s@7 points Sales were estimated at 400. 900 bales.
 According to private cable.. the report of a local newspaper showing the September condition to be IT. per cent q deteriora- tioE of per cent from the figures of the same authority last month was one of the factors in advancing prices in that mar ket. Here this same report was taken rath- CT bearishly as forecasting q Government re- port of around s4 per cent. The market toward the close seemed to be getting a eVAnad n a q he ri to the report. although it was believed that a good Southern short interest formed on the preceding day was still outstanding
 DAILY COTTON MARKET.
 NEW ORLEANS. Sept I.-Cotton steady; sales. s25. Ordinary. s$: good ordinary. II s-1s: good miIdling. 1I4 middiing fair 11%. Receipts, 3: stock. 22.o03.
 CHAMPIONSHIPS: middling. 11h; re- iceipts. 4.o94: sales. 61; stock. 20.e65 ss, stock, i,224
 SAVANNAH. Firm: middling. 11%; re- ceipts 4.214 sales 343 ste ck 16.945
 CHARLEsToN.-Rec 253: stock. 5s4.
 wILMINGTON.-Nomin stock, IA
 NORFOBK.--Receipts. 40 stock 1.330.
 BALTIMoRE.-Nomina middling, Il. 50; stock. 100.
 BcsToN.--ou Quietly middlins. Il. 50; net re- 'ceipts. $; gross. 19S.
 PHILADEI.PHIA.-Stea middling.
 PHILADELPHIA. - S-eady; middiing
 ST. LouIs.%ouiet: midd,ing. 11H: re- cepts Is; stock. 5,ss6.
 NEW YORK.-Cotton quiet; middling II 50: sales l.225: stock, 2t.s1s.
 Total today; Net receipts. S.s74; exports to Great Britain. 13,93S: to France, S,716; to continent. 6.90S; stock. Ss949.
 Consolidated: Net receipts. 63.331; exports to Great Britain. 26,475; tc France, s.S66; to continent, 5.935.
 Total since Sept. 1: Net receipts, s.674; exports, to Great Britain, 13,93s: to France s.7l6: to continent, 69S-
 NEW ORLEANS COTTON.
 NEW ORLEANS. Sept. 1.-The spot cot