The Montgomery advertiser., 1904-04-21
II. $ B. BEERS COTTON LETTER..

H. & B. BEEhS COTTON (By Private Wire to Caldwell. Ward & Col NEW ORLEANS, April 20.-As Liverpool
 was more favorable than expected our mar
 ket opened to 10 higher, subsequently, eased off to Il on realizing. Later the indications of colder weather in the south ern States. and reports of snow having fal-
 len at Charlotte. Nashville and St. Louis light movement. caused an advance of 20
 to 2S points on the near positions and to Iron the late. Liverpool seems to be opti-
 mistically Inclined and is leading the ad-
 vance. Private cables from there say that
 the market is quiet but hardened. Man
 chester is doing good business, and spin ners show disposition to buy. The semi weekly receipts at the 13 leading interior
 towns were only 10000, as compared to 21.- 900 last year, the loss in stock being 1000. against 12,000 last year. The movement on
 the whole is light, and exports are increas-
 ing relatively. as is evidenced by the de- are now 451, 1000. against 385.000 last year.
 or 66.000 in excess. On April 6th the port
 of last years. therefore there has been relative decrease of 100000 in the holdings
 this year during the past two weeks. The large exports from New Orleans have re-
 duced the stock here considerably. and 1t is claimed that by the first of May 1t will be more than it was last year for the
 corresponding period. While the general sta tistical situation has been strong for weeks.
 the weakness of same was in America, as the holdings were in excess of last year, and the greatest strength was in Liverpool, ow- ing to it's small stock If the export demand continues the excess held in America will be wiped out and the Liverpool stock will probably be benefited by our loss. The materialization7 of this will add to the dan ger of selling short speculatively. and may | bring about manipulation of the summer positions. In the meanwhile the old crop months will continue to be governed by Liverpool and the demand for spots Pes simistic sadyices from the interior about the growing crop and reports of snow, hail and cold nights doing damage in sections, are attracting speculation to the new crop
 months A-i
 c. E. FIERCE Q CO.'S COTTON LETTER. (By Private Wire from Gibert Clay.) NEW ORLEANS, April 2O.-The English market was inclined to do better to-day, but only succeeded in a moderate way Spot sales increased slightly and private cables referred to prospects fonzsome improvement in Manchester's business. The complaceney of Liverpool traders in the face of such a | small stock on hand is surprising enough, but Is explained in way by the knowledge that quantity of cotton is destined In that direction from American shores. It is
 evident. however, that foreigners are deeply | interested in passing events and develop ments connected with both old and new crops closely scrutinized Speculation here was somewhat restricted and the market was narrow In consequence, l the influence of some additional sales of | hedged cotton and belief that cold weather prevailing north would extend down to the l cotton region Some short covering estab- | lished moderate improvement in prices,