The Montgomery advertiser., 1904-08-21

Fusures contract are somewhat higher than last Saturday. December .56 against s.4l. but spot cotton remains unchanged ct ioS for middling. Receipts at all ports today estinated.s 3.30o. last year, 7 Monday Gal weston expects ], 900 to 1000. compared with 50 bales corresponding day one year ago. tary King. of the New York Cotton Ex- change. made 'In sight, since September 1st 1o.3ss. 33o.
 vIR0IN . rAUNCE's COTTON LETTER. tBv Private Wire from J. Walter Labaree &C Col
 NEW YORK. August 2o.--rhere has been little feature to the cotton market this week. Prices have shown a tendency to harden on the absence of selling pres sure and of ears that the rains in Kansas and this, together with the showers along the Atlantic coast may do serious damage to the growing plant which is in tender
 condition at present and highly susceptible . to the action of the clements. There is no doubt that the crop has deteriorated con- siderably since the last monthly Govern August and September. The normal de- terioration from August 1 to October as
 taken from the records of the past ten years approximates is per cent Therefore show n considerable falling off in condi-
 tions in all the cotton States. The ques- tion now before the trade Is how much will
 the next Government report make this de- terioration7 According to the weather con ditions. 1t should be about points. If 1t
 snos would be ressrdsd ss ,ndeatins lss shne still good for record-breaking crop,
 which is still the general opinion of the
 forts of purely speculative interests to make 1t appear otherwise. We still favor the short side of the market and the next crop
 months are sale at present pirces We do not look to see them cross 9% cents and eventually expect to see them sell on an sis cent basis
 
 o. E. FIERCE . CO.'S COTTON LETTER. tBy Private Wire from Gibert & Clay.D NEW ORLEANS. August 2o.--Liverpooi advanced b@6 points on new crop options
 tho better market. Mills are under orders at advanced prices, spnners covering shorts, | less satisfactory Texas crop reports. general
 er9p oeterorsson and feass & or rh r"rsher odi "n- | tions existing there, the moderate advance can not be regarded as surprising. Spot sales amounted to 5000 bales at an ad- vance of English points.
 Our market showed a moderate improve ment at the opening. but the excellence of the weather map induced selling among a | few traders and checked further advances. | The crop reports of The Chronicle on the l whole were quite satisfactory and the de- | crease for the week in the visible supply | of American cotton was disappointing Gen eral trade conditions. according to the | weekly mercantile reviews. continue of about the same unsatisfactory tenor and
 
 manufacturing and trade in the output of mills. less encouragement is noted. buyers l, continuing the same procrastinating policy, reduction in prices not having accomplish | ed the expected results. Receipts of new l cotton for the day were about $500 bales. | The improved market market of today was due to the free circulation of weevil dam age reports from Texas. but very bad news | from the fields will be required to sustain | the market when the crop movement
 sumes large proportions.
 CHICAGO GRAIN AND PROVISIONS. 1 CHICAGO. August 20.--A suggestion of I killing frosts before Monday in Canada and | Dakota sent wheat today higher than ever
 sold at 1 .1ih and December at 3%. The l close was off from the top price. but show
 spectively. September corn closed up %c 1 and December 1c. Oats unchanged and
 provisions from a shade to 7hc hihger. I Wheat traders during the entire session | were kept in an intensely excited mood
 by the continued flow of dispatches from 1 the Northwest giving sensational stories of
 what might result fro ma frost before Mon- | day. The opening price sshowed gains of | Bc to 1hc for September at 1. .10h to
 1.1ox and &@Nc to 1@1hc for December | at 1.12h @i.12h. There was plenty of
 wheat for sale at those prices by profit | takers and September sagged off h @ %c
 and December went back to .1o%. There
 was no suggestion of weakening. however and the buying was resumed for hour | with as much eagerness as though the craze 1 had just broken out. The close was strong | with September at 1.10h and December | at .12%. Statistics were apparently given | little consideration. Primary receipts were | 75s.1oo bushels. against 61s.so0 Minne- | apolis Duluth and Chicago reported 2e0
 cars against 2s7 last week and 314 last year.
 l Sentiment in corn underwent a radical
 change over night and when the market | opened today there was little for sale. while commission houses had large number of l buying orders to fill September found buy
 CTS to start with at 53% to 54M, a net | advance of h a Sc. and December is s@1%c | higher at 52h 453%. The strength was | stimulated by the bullish excitement in | wheat. traders apparently paying little at- | tention to the weather, which was in the l main favorable to the growing crop. Ac- l tive covering of short sales sent September | to 54A but a reaction to 53% followed the | late break in wheat. The close was firm | at 64. December kept within the opening | range and closed firm at 53%. Receipts | 160 cars.
 Oats were strong. being influenced by l other grains September started k1a & c l higher at 34A to 34k @34%, steadied at 1 34%. reacted to 34 and closed firm at that | figure. Receipts. 3s9 cars.
 Provisions ruled firm with only moderate
 activity manifested. The price of hogs was 1 higher and had its influence on the demand | for provisions. September pork closed O 1 7hc higher at II 80; lard up a shade at G.. 90 and ribs ZIG up at 7s5
 | Estimated receipts for Monday: Wheat | 13e cars; corn 157 cars; oats, 372 cars; hogs, | 27000 head.