The Montgomery advertiser., 1904-12-23

more than I.5oo bales. Offerings of f. o. b. cotton were moderate.
 that the market had . holiday feeling that . the continent was . good buyer, and that Importers were selling.
 LovEMAN | CO.'S COTTON LETTER. NEW ORLEANS. Dec. 22.-Market ruled quiet and comparatively steady today. first hours Of the session showing something of an advance from last nights closing after opening little lower Private advices from Liverpool were friendly to the long side, tnfnking prices low enough for the present, but course of the foreign market not encour- aging, futures there closing at a decline of spout four points while spots were in poor demand. sales 5000 bales, unchanged, mid dlings {, 0s. News of more cheerful character. however. received from the continental Europe, which was also the case here. Traders were not inclined to support | the market on account of the approaching holidays. notwithstanding that the move than expected The weeks insight prom
 ises to be so small not more than 3so. 900.
 ble for spinners' takings to absorb ali that
 has been brought to market compared with
 takings of 25s,000 one year ago. Receipts
 at all ports for the day were 45.656. against
 ss7s5 last year: since Friday 24s,bss com pared with 2ss.744. Houston having made minus correction of about 17,0o0 bales reduced that much. five inland towns show a loss of 23.o3s bales thus far this week. These figures will probably furnish a bull ish supply statement and an effort will be made to publish same tomorrow before the close of the market. All markets will be closed from tomorrow evening until next
 recess will be repeated at the close of the | old and opening of the year. Such a
 long suspension of business naturally re-
 stricts trading, and it will be the means | of producing dull markets such usual | ly have at this season of the year The com
 ing of the ginners' report. which will he l Iyntrh had yAd~ aAAw I1.xkk vxytlr
 help to enliven matters a little. but 1t Is | feared that it will be at the expense of
 values, the general opinion being that 1t will
 confirm the estimate of the Agricultural
 Department by showing 11,75o.0oo bales
 ginned to Dec. 18th. the effect of which if
 realized. could only be overcome by a gen | eral move on the part of planters looking to
 a decrease in the acreage next spring. Spots closed easy, but unchanged. Sales.
 2.5oo; to arrive. 1900. Middling. 3-1sc.
 G. F. PIERCE CO.'S COTTON LETTER lBy Private Wire from Gfbert & Clayo
 MEw ORLEANS tb,s ,n Dec 2SThs c selling hn in early decline emanated from the American exporters who were accredited with being The market revived temporarily about the hour of opening. but again sold off | towards the close. options losing four poir4s | and spots remaining unchanged. In Man- chester cotton and yarns were easier. Although at first our prices were at slight decline. good buying orders soon de-
 
 attributed to the covering of shorts. As a
 result values were slightly improved and
 although the advance was not held. no dis
 position to aggressively depress prices was | apparent The offerings of spots large
 ly confined to the undesirable grades, fac
 tors withholding the high class cotton; at
 latter class. Some improvement is reported | in the extent of buying orders. but in many
 instances the low limits cause them to be unavoidable.
 Values have reached level from which wider and more uncertain fluctuations may be observed. Probably until the country is relieved of a larger proportion of the crop the tendency will be towards lower prices. but the declines will be less continuous ow- ing to frequent reactions making sales on | advances purchases on immoderate de- clines profitable.
 CHICAGO GRAIN AND PROVISIONS.
 creasing shipments ; from Argentina had a
 weakening influence on the wheat market ! here today. At the close May wheat was off kc. Corn Is down kc. Oats are prac- tically unchanged. Provisions 2h47hc | lower.
 | The wheat market was strong at the
 opening May being up H@ Me at 3:1s LII. | from report of unfavorable harvest weather in Argentina was the principal
 source of the initial firmness. For a time | there was fairly active buying by commits
 sion house and bull traders. Shorts were
 urgent bidders for the December delivery.
 causing sharp upturn in the price of that month. Before the demand was satis- | fled May had advanced to LIZA North western receipts were not quite satisfactory
 to the bulls for although arrivals today at Minneapolis and Duluth were 95 carloads
 less than year ago. the total today was ] 112 cars more than arrived last Thursday.
 In the Southwest, however. the situation was favorable to the bulls receipts today | at St Louis and Kansas City being only
 10000 bushels compared with 3es.oo0 the
 corresponding day a year ago As the ses- aA1 A0t1 hla 4A Ia cambsr offerings developed. causing a reac- l tion Later in the day the decline in that delivery became quite pronounced. and in consequence distant futures were materially affected. Realizing sales by pit traders brought the price of May down to 1.11&. Argentine exports for the week were esti- bushels .and as the previous weeks ship ments were s64. 900 bushels. some selling was done on that account. The market closet easy with May at 1.1lh Clearances of
 wheat and flour equaled ss, 200 bushels. Primary receipts were 773. bushels. compared with 1,11A3oo a year ago Min neapolis. Duluth and Chicago reported re- ceipts of 5ss cars. against 457 last week and es7 a year ago.
 | Covering of December by shorts caused n | firm tone in the corn market early in the day. The firmness more noticeable in l view of the liberal local receipts. Later in the day offerings became quite free and in opened unchanged to Hc higher at 45A &p 45&. sold off to 45& and closed at the lowest point. Local receipts were 606 cars. with two contract.
 The feature of trading in oats was the buying of July by local provision inter est As result of this demand the mar ket firm throughout the entire session. May opened shade higher at 31h. sold between 31% and SIX and 31% and closed at 31h. Local receipts were 72 cars Market for provisions dull and ten. dency of prices downward Lower prices for hogs at the yards resulting from liberal receipts were the main influence. At ! the close May pork was off sc at 12. S7H |.
 Lard was down 2Iac at 7.1oa7.12k. Ribs
 were 5aThc lower at s.67h46.70. The leading futures ranged follows: 1 ARTICLES. Open. High. Low. Close. Wheat No. 2.
 December .. I.13% 1.l4K 1.loh 1.1OM
 May. 1.1eh 1.l2% 1.l1% l.11h IulY.. qRTa 9SA 9slh 9Sh