The Montgomery advertiser., 1904-04-07
MARKETSFO FOR FUTURES
DECLINE IN SPITE OF BULLIsH
 INFLUENCES.
Highest Point of the Session Reach ed Just Before the Close, When
 Prices Were Up 10 to 16 Points.

New York, April 6.--The cotton market opened easy at decline of to 10 points in spite of rather better cables than ex- pected and the outlook for continued ueht receipts. Immediately after the To- cal opening, Liverpool. which had shown relative firmness with private cables att tributing the better tone to buying by srinners, eased off in keeping with local prices while New Orleans also showed weakness. This caused further bear pres- sure here and the opening declines had evidently uncovered stop orders. the mar. ket during the first ten minutes ruled weak. showing a net decline of Il to 20 points. This level attracted support of a Very good character Spot interests were fair buyers. particularly one large Phil adelphia interest, and the market devel- oped a much firmer tone. It was esti- mated by well informed authorities that the curtailments in Fall River were not sufficient to cut down the weekly re- au1rement of cotton by more than eO0 bales and with receipts running to small. the room element were inclined to Iook for advice. partic llafly in view or the recent severe decline. At the same time every bulge attracted selling on the the Ory that consumption was being curtailed too rapidly. and fears that the weather report from the cotton growing country would tend to loosen the grip Of .inte- rior holders. on the remnant of their sup plies. In a general way the market con tinued to advance. however, reaching tho highest point just before the close when May sold at 14.1 and July at 14 .98, with the active months about 10 to IS points ne: higher. The close was steady with the market a few points off from the top in some instances. under realizing. put at a net advance of to 17 points. HaIes of futures were estimated at 100000 haIes. Trading was at no time more than moderately active and seemed to be chief " for the account of professional or trade interests. New Orleans was sell CT at the opening, but afterward seemed 4ts fhnnrv parently, that the Fall River curtail- Inents had been over discounted in view oI the strong statistical position and the remarkably nght movement. Estimates for tomorrow's receipts at leading points were very light and the days port re- celpts proved much less than expected, amounting only to about one-half of the exports, although the latter were light, Tho light movement is leading to reduc- tons in the estimates for the weeks in- to sight which is now being placed at about 75.o00 bales against 127, 722 last year.
 Daily Cotton Market.
 NEW YORK, April 6.-Cotton dull; mid ceipts. l.sss; sales. 4O5; stock. I1l.2s7. Exports, to continent, 3s4. Total to-day: sn N Tsit % son.nsn s sG GFsss etcc Bs ss so4. Consolidated: Net receipts. 2s,0Ss; ex- ports. to Great Britain, s.5sl; to continent, Der list: Net receipts. s.7s7,ss2; exports to Great Britain, 2.0ss.72s; to France. 6s1.- 7o4; to continent, 2.s4s.115; to Japan, ss,-
 NEW ORLEANS.--cotton irregular; sales, 4s5o. Ordinary. F 9-16: good ordinary, good middling. Is 3-l6; middling fair, Is s-1s. Receipts. 1918; stock 2s7.s5
 GALVESTON.-Easy; middling, IS; sales. 4o0; receipts 18s; stock, 25,2es.
 MoBILE-Quiet: middiing i4A; re-
 SAVANNAH.-Easy; middling, 14% sales 50; receipts. 665; stock, 55, 26o.
 CHARLESTON.-Firm; middling, 15% bid; stock, 3,94S.
 wILMINGToN.-Nomin receipts. 3; stock. e.105.
 NoRFOLK.-Receipts, TOO; stock, 14.- bss
 BALTIMoRE.-Nominal middling, IS; stock, 3,369.
 BOSTON.-Dul; middlng 15; receipts, net 166, gross s21
 PHILADELPHIA. Quiet: middling. Is IS; receipts 40: stock, 193S.
 ST. LoUIs.-Quiet; middling. 15; receipts. sss: stock, 1882.