The Montgomery advertiser., 1904-08-27

ket suffered relapse of about 46 points to- day December. after advancing to nos | about l2 points higher than yesterday 5 closing level falling to 10. 36. finally clos ing at io.+ Qlo.f2. The lower range of values was due to heavy selling in both American marisets throughout the session, tors on the long side of the marke' Ad- vices from Liverpool were just as bu h as ever. and Manchester cables that the yarn market was excited. but that hisher prices was checkingsbusiness. Weather conditions in the belt were more favorable today, scattered showers and lower temperature The movement was .omparativly heavy. last year: for the week >s2.5ss. compared with 1.574. and arrivals at 30 interior towns for the week were 27.173. again>' 1.b74 bales morrow at Galveston were placed at 5000 to 5000. compared with 62 bales last year; i; for Houston 5.2o0 to $500. against 119
 There was less disposition to take hold of the market with the expansion of re- ceipts and diminishing crop mage com plaints from the interior. although longs are looking for . loss in condition of the crop of about IF points to be reported by Gov ernment this day week, returns to a prom fnent operator at New York showing a loss of 1S.2 points during past month. The ex- trems advance established. discountd to great extent whatever deterioration which might be reported by the monthly bureau report. Longs seem to have thought so and began to unload There was minus cor rection of 10000 bales made in stock at New York. the correction reducing stock there to 25,0es bales. against 141,517 one year ago. There was no change in local spot quotations market having been hc higher in early hours. finally closing quiet on sales of 300 bales and 50 bales to arrive Middlins. 11K. The amount of new cotton ably not be more than 60,0o0 baIes New Orleans having received to date S64 bales last year 1s: Galveston 2, 53s, elast year ss Mobile 54. last year l. Savannah Hss, last Chprleafnn ). fnfa at all ports today. s.51s. last year 131.
 c. E. Price & Co.'s Cotton Letter.
 (By private wire from Gilbert & Clay)
 NEW ORLEANS. August 26.-Liverpools opinion continues bulish and indicates ideas the continent also appears to be assuming this view of the future The advance in Liverpool today was partly attributed to continental buying, but was more directly kets. New crop options finally closed at an advance of 14 points and spot sales were 5000 bales. at a gain of 1S points.
 A slight gain in values for new crop op- tions was observed at our opening. with the market showing evidence of feverishness After slight recession prices moved up until an advance of 12 points had been re- corded and December sold at 10 S2 which proved to be the highest point O: the oay, although the lower levels were not reached with reactions of some mcment crop estimate of 11.500,000 bales based on the advices received from two hundred oil mills occasfoned considerable interest. lnot differ- ing widely from general opinions. The date or Killing frost. however. Is such a ma terial factor that estimates at this time are of small value. It IS very difficult to detect even signs of improvement in trade conditions. The Fall River situation evil denced no betterment. and large array of labor remains unemployed consequent to other disagreements and .curtailment Tn manufacturing. The buying power of the masses is largely reduced and among .neir first necessities are cereals at a higher cost The lower levels recorded a result of the days trading may be attributed to a par- tial liquidation of the long interest accom- panied with some fresh selling. We do not believe that the interests which have in- fluenced the higher prices are permanent in intention or the levels attained justified by general conditions: at the same time the usual factors on which opinions are based have been rendered valueless by manipula- tion.