The Montgomery advertiser., 1904-10-25
c. E. rIERcE z cos COTTON LETTER.

G. E. FIERCE & CO.'S COET0N LETTER. lBy Private Wire from Gfbert & Ciay,) NE woRLEANs. Oct. 24.--The Liverpool market was surprisingiy good this morning
 in maintaining practically unchanged levels. covered freely on reports of frs,sts from the central sections of the belt jobbers and
 American houses were also reported to be
 close. causing slight recessions. Options de-
 ciined point, and spots. on sales of 5000
 haies. were unchanged. Manchester report
 ing held, restricted business and a good de-
 mand for yarns
 Our market opened at good advance but
 Frosts shown by the weather man toT be
 general in the central and eastern cotton
 States were without sufficient influence to
 overcome the belief that very bearish
 under the pressure Of ceiling orders Later
 when temperatures were shown to have been
 near freezing at several points and senerai- quickly restored and a material advance ob-
 served The days port receipts showed
 slightly more activity. The market Is in a considerable short interest has accumu- lated and spinners are again manifestiHg win nEness to absorb spots. but with the in ereasins stocks. such an advance will prob- ably not be permanent
 CHICAGO GRAIN AND PROVISIONS. l& CHICAGO. Oct. A.--Possibiiity of war be- tween Great Britain and Russia had consid- Arable influence in causing a strong wheat market here today. Continued active mil- ing demand factor of almost equal importance At the close both December aad May wheat were up Xc. Corn shows | gan or $ hc. Oats are Q shade higher. Provisions are unchanged.
 Shorts were active bidders for both De- l cember and May options when trading be- I gan In the wheat pit. As a result of the urgent demand. initial quotations showed material advance. May being up b@ %c at I Io tn.eA | to $ Q &c higher at HIS Q1.15%. The anx- ! iety of shorts was due to a variety of req sons in addition to the continued bulllsh-
 ness of the cash situation and possible | worldwide complications resulting from the | Russian Baltic fleet incident. Important l factors were deereases both in Northwest ern receipts and in the worlds shipments.
 The fact that foreign gran markets show l ed gains had no considerable effect on the market here. At the start offerings were
 comparatively light In consequence prices l rose rapidly, December quickly selling up l to ] 10 and May to f.1sh. Realizing sales | checked the advance and loaded the market
 ioss ,' of the greater part pa of the early ina- provement. The market soon recovered the | setback. however, as the result of active \ support from a leader of the buil crowd. A sharp advance in prices at Minneapolis also contributed strength to the situation hero. The Southwest furnished an addItion- al large volume of bullsh news, complaints from Missouri regarding the damage by Hessian flies being quite numerous. The | high point on December for the day was reached at I.1SN. May again sold up to t.1sh. Some realizing developed late in | the session, but the market closed strong with December at i.15 I. Final quotations I on May were at f.14x. CIearances of wheat
 and flour were equal to 22.ooo sushels. The amount on passage decreased 1,40s.000 bush- els. while the visible supply increased l. i s3s.o00. Primary receipts were 1.5s2.40O compared with 1.367.100 bushels year ago, | Minneapolis, Duluth and Chicago reported
 ceeeipts of s5s cars. against 1.os7 last week and i.090 year ago.
 strength of wheat held the corn market eirm. notwithstanding favorable weather for the maturing of the crop. Trading was quiet. the greater part of the business being | If a scalping character. December opened < @%c higher at 4sh @4sH. sold between aek and 4SA and closed at 48%. Local receipts were 10i cars 1 contract grado Under the influence of the strength of other grains the oats market held steady | in spite of considerable selling by cash houses, Trading was almost entirely local After open ng Ac higher at 29c. December ranged between 4s% 94s& and 2s. and
 closed at 2sk @2sA. Local receipts. 1ss cara A firm undertone pervaded the provisions market the Strengthening factors being the
 buliish hog market and higher prices of grains. shorts were the principal buyers At the ciose the January products were un- changed from last night. final figures on pork being 12 55. Lard closed at 7.27b and ribs at .b5.
 Est mated receipts for tomorrow; Wheat. 107 cars; corn. 137 cars; oats lSe cars. hogs is. 900 head
 The leading futures ranged as follows: