The Montgomery advertiser., 1904-10-18
c. E. FIERCE cos COTTON LETTER.

c. F. FIERCE q CO.'S COTTON LETTER. F 1By Private Wire from Gibert & Cloy.l
 NEW ORLEANS, Oct. -.17.-The Liverpool market was fully good as logically due. No doubt the frosts reported in certain portions of the belt induced buying and sustained prices Cables stated that the continent, but later prices were inclined to fall away. and while there was no liqui- dations of interest, traders were trhnsferr- ing their holding in near months to later de- Hveries The. days trading was without results in finally affecting quotations, op- tions and spots closing unchanged.
 Our early improvement resulted from a fair amount of buying Induced by the frosts shown on the weather map in North Caro- lima and central and north Georgia. also the impression that the rather cold weather on the east slope of the Rocky Mountains extending South would move eastward into north Texas and the territories. The storm orr the Cuban coast moving in north westerly direction also suggested to the shorts the probability of bad weather. Sup- port to the market, however. was absent and after. the early demand was satisfied, promptly taken advantage of by those bear ishiy inclined and after a moderate amount Of aggressive selling the early gains were lost. and in addition substantial decline was observed, The days movement and very large estimated port receipts for to- morrow materially assisted in efforts to depress values.
 The demand for spot cotton continues dis appointing. but at the lower prices rradu- ally being seached 1t is reasonable to ex- pect buying to make its appearance, as spinners are not fully convinced that the crop is of size to justify deferrng pur- chases for larger proportion of their re- quirements. especially as present prices are hot considered excessive.
 CHICAGO GRAIN AND PROVISIONS. CHICAGO. Oct. f7.-continued fair move- ment of grain from the farms was one of the principal reasons of net loss of &o 1 tAAa CN~~ A. tx, ,A iAc Oats are down < %c. and provisions
 From beginning to end s.ntimen. in the wheat pit was bearish. At the start the market was influenced by liberal worlds shipments, lower cables and continued heavy receipts in the Northwest. Extreme depressing effect At the opening De- cember wheat was off @%c at I.I2& Q 1.13k. May was down N @Mc to x@kc at l. 11% @f.12h. Several prominent com mission houses were heavy sellers of the December option. with little support. the market increased in weakness at trading progressed. Fresh incentives to sell were found In the enormous primary receipts A further motive was an increase of nearly three million bushels in the visible supply During the latter part of the session the Hes on covering by shorts On every slight upturn. however. offerings come out in such quantities as to quickly send prices back to lower level. The low point on De-
 
 shortly eef're the close the market left off weak with December at l.1ak Final figures on May were at 1.1111.11K. Clear ances of wheat and flour were equal to 7B- 800 bushels. The amount on passage de- creased 56,000 bushels, while the visible supply increased 2,262.o00 bushels. Primary receipts were 1.61s.000. compared with I.- obI.soo bushels year ago Minneapolis, Duluth and Chicago reported receipts of LOST cars. against 1,a57 last week and s2s year ago.
 Weather that could not be improved upon for curing corn was the most important fac- tor in trading in the yellow cereal Mi merous reports showing the excellent con- ditton Of the crop furnished fresh discour- agement to holders who were very active sellers throughout the day. The market was extremely weak the entire session De- cemoer opened @Ac lower at 4Sk 6o 4s sold off to 47% and closed at 4s@4sN Lo- cal receipts were 104 cars, s contract grade
 Under the influence of fine weather and the lower piice of corn. sentiment in the oats pit was bearish. Shorts were active buyers at times. the volume of business be- ing consider ably larger than for some tinne past. D. eember opened h 9hc lower at 3S@2s%, sold between 2s9 92sh and closed at 2sh @2Sk. Local receipts( ITO cars
 Liberal recipts of hogs with lower prices at the yards and general weakness of grains caused decline in the price of ali hog products. The volume of trading was light At the close January pork was off soc at IF. 10. Lard was down aI7 hc at T.0Th lsibs were 20c lower at 6.3096.32h
 Estimated receipts for tomorrow; Wheat 139 cars; corn, 163 cars; oats, 2a3 cars: hogs 17,000 head.
 The leading futures ranged as follows: A