The Montgomery advertiser., 1904-04-24

in Manchester supplemented by additional complaints of necessity for replanting on the other. The attitude of Liverpool bor- dered on neutrality. Prices moved in the downward direction, but to such a slight extent as to leave no serious impression and late cables told of increased spot sales. drawing the total up to 1000 bales. thereby confirming in measure the good accounts from Manchester. This latter fea- ture exercised a favorable influence here; local traders realize that foreign spinners are the ones in need of cotton if cotton is needed at all. as the actual figures show they are some 500, 900 bales behind in talk ings of American cotton to date as com parsd with last year. ga, ana 4 !, the necessity ,s. will be . heavy draft on American stocks in which event the weight of hedged cotton will be thing of the past.
 for granted fin this respect. But the resis- tance of prices to any pressure around the fl cent level in the absence of active specu- lative support Is part evidence that some element of more than ordinary strength is at work under the surface. The importance of giving attention to both crops accordingly grows more pronounced Much doubt has been already engendered about the pros poets of an early movement of the new crop and any further complaints of backwardness or feplanting win be taken more seriously. If 1t becomes imperative to stretch the old crop Is or 30 days beyond its limit. a live ly scramble for the staple may be observed. VIRGIN FAUNcE's COTTON LETTER.
 lover Private Leased wire,
 NEW YORK. April 23.-In the cotton fu- ture market to-day there was continued mixture of sentiment and naturally tho movement of quotations was more or less irregular. For the most part sentiment was rather bearishiy inclined and professional interests worked hard to maintain their position on the short side of the account. The Liverpool advices came about as ex- pected--moderately low The weather map indicated favorable conditions for the nla ht1f renOrtq congiderablY mixed. in that from Texas there were a lot of reports telling of serious damage by boil weevil operations. The talk with regard advices from the spinning districts were not materially changed. the New England ad- vices in this connection being bearish. and the Southern reports being quite satisfac- tory. The spot reports from the other side were without special feature. but the argu- ment was advanced that the demand for cloth on the other side was better than generally reported. The movement of cot ton only moderate. though receipts in some sections of the belt were larger than looked for The weekly reports regarding crop conditions. and statistics were about as expected. On the close of the market there still a rather conflicting feeling. The estimated rort receipts for the day were 5000, against 9.20s for the same day last year.
 Caldwell. Ward . Co.'s Marts st Letter. MONTGOMERY, April 23.-The market opened off from to 10 points in sympathy with disappointing cables. A fair demand however, encouraged to some extent, per haps, N-hy the larger Liverpool sDa* sales and reports of more active bus.iess 1T print cloths, slightly, hardened prices. The market stiffened up some on European buy ing of the old crop months with German houses prominent in this connection, and talk of further large exports to Europe anc | more particularly to Great Britain for nex 1 week. As has been the case, however, fol some time the market finds very few buyer; on any bulges outside of the shorts and i l took a very small bulge this morning te
 satisfy their appetite. On the new croI | reports from the cotton belt were very con | flicting but reports of milder weather ir the cotton belt were bearishly interpreted | and sales to realize found buyers only al concessions. The bears are going home to- | night confident of lower prices. Biverpoo l is due to come down points on the old
 months and about points on the new.
 CHICAGO GRAIN AND PROVISIONS. | CHICAGO. April 23.-Ideal weather 1T | the wheat regions to-day coupled with
 flood of liquidation, causing net losses O | oats are off bc and provisions closed un | changed to cents higher.
 1 The excellent weather in the Southwes l caused a very weak opening in wheat. Ma!
 being down 1R OBS at Ssas7A. July wa | off $ e hc to xc at S3h @s4. Almos | everyone who had any long wheat appeared
 was on May. An effort to liquidate hold | ings in that delivery started free selling O | the more distant months. resulting in stil l further losses, May selling off to S5 < anC | July to SSk. On the break shorts began t
 cover and offerings were absorbed so rap
 idly that a fair recovery was made. Price | fluctuated nervously Curing the latter par | of the session, but the market in genera was inclined to remain near. the low leve | and 1t closed weak with July at S3% an l May at STA a ST%. ..Clearances equaled TYP, | 500 bushels. Primary receipts were 227,eO l bushels. against 346,600 bushels a year agc l Minneapolis, Duluth and Chicago reporte | 96 cars. against 136 last week and 2S0
 year ago.
 | The slump in wheat and improved weath | CT conditions caused a weak opening | corn. but firm undertone was manifested | at times. There was 0 fair demand for Jul | and September. but weakness of May pre- | vented any general advances. Steady cable l and small receipts were the principal bull | influences. The market closed steady a | the decline. July opened h a sc to A O h
 lower at 47% 9iTN, sold between 47% al, 1 4Sh and closed at 47&. May ranged be i tween AZ and 47% and closed at 47A. Re
 ceipts. I'll cars, S4 contract
 There comparatively firm marke | in oats. The weakness in wheat induce | some liquidation. which had a tendency t | hold prices little below yesterdays closin | quotations. good cash business and con 1 tinued small receipts about offset improve
 %Qhc lower at 35% @S5%. ranged be | tween Sbh and S6 and closed at 25&
 S5%. Receipts. 4S cars.
 | Provisions eased off some early in tn
 cay, influenced by the weakness in grain' | but there was little pressing for sale an | the demand from shorts and packers wa | sufficient to life prices to slightly highe | level The market closed steady with Jul! pork unchanged at 25: July lard and rib | each 23s o 5c higher at 80 and 6.571s.
 The leading futures ranged as follows;