The Montgomery advertiser., 1904-04-12
MARKETS FOR FUTURES
EARLY DECLINE FOLLOWED DIs-
 APPOINTING CABLES.
1asy Prices Dropped Down But Were Rallied Before Midday and Reached Saturdays Close
 Through Frost Reports.

New York, April 11..-The cotton mar ker opened steady at a decline of ! to n points under liquidation following any favoraSIe early. es Fop few W1 minutes snnss room covering steadied the market and sround the opening. Easy prices soon drcpped down another few points to be rallied. however. before midday and reached nearly the closing prices of last saturday on reports of damage to early planted cotton by frosts over Saturday night and Sunday morning. The reports from private sources from several diff disposed to credit any serious damage, and after the first wave of covering the market soon yielded to a renewal of room pressure and further selling for long account. The balance of the session waa more or less irregular. but in general tne market showed an easier undertone and reached the lowest level in the late trading when May sold at 1A51c and July q lA7sc. The close was steady but at practically the lowest. net decline of 2 to 20 points. Sales were estimated at 1e.0o0 bales. New Orleans did little or ncthins in the local market and beyond ncuses noted in the early trading the business seemed to be mostly for pro- Wssfonal account and in scalping char setter. There was some talk that an inn portant Wall Street interest was cover ing quietly toward the close, leading to uae slightly steadier tone. but In a gem eraI way the market showed little fea- tpre. Receipts continue very light with the into sight for the week estimated st about 75.0o0 bales against 1l3.0G1 bales last year. Estimated receipts at the ports tcday were S,21 bales against 9.476 bales last week and 12,0iT bales last, year. For the week 5000 bales against A,251 bales last week and 59,6S2 bales last year. To- days receipts at New Orleans were l. oE bales against 5,oso bales last year and q Houston 1,14S bales against 3,767 bales last year.
 DArLy COTTON MARKET.
 NEW YORK, April I1.--Cotton quiet; nnsddiins, 14.se: net receipts, 1i4; gross, 3ss; sales. 1,soo; stock, los.317.
 Total to-day: Net receipts. 3,22l: exports. te Great Britain. 4.5oo; to continent. 7.ss7; stock 47s,4ss.
 Consolidated: Net receipts, 7,5i5; exports, to Great Britain. s.Too; to continent, Ill.,
 Total since September 1st: Net receipts, s.7EA24e: exports to Great Britain. 2,I77.- m sss G to r1aSs sspsa to to ssaeo
 GALvEsTON.--Sauiet: middiing, is sales s4; receipts. iss; stock. 1s.2ts.
 MoHILE--oniet; middlinE. i4x; receipts .sAvANNAH. = Quiet; middiins. i44; sales. 1is: receipts. s72; stock, 5o.oi2.
 CHARLEsToN.-Quiet; middling, i4M: sales. 300; receipts. q: stock. 4.oas.
 tWILMINGToN.--Nominai: middiins. ls;
 NoRFoLK.-Receipts. 1000; stock. ls.- soo.
 BALTIMORE. Nominal; middiin, is; stock. i,477.
 BosroN--ouist; middIins. IS: receipts. 2sz
 PHILADELPHIA. Quiet: middiins. IS. IS. receipts. is: stock, a,4aS.
 ST LoUfs-Middiing, IS: sales, 72; re- ceipts. 3T7; stock. 1s,07s.
 NEW oRLEANs.--Cotton quiet; sales, B. $50. Ordinary. 12M; good ordinary IS 1B-1s; low middiing. IA s-1s; niddiing 14 i5-id; good middling, 15k; middiing fair. 1B%. Receipts. 1,2o7; stock, 2s3, ,3ss
 NEW YORK COTTON FUTURES.
 NEW YORK, April 1i--FoFfiowing were