The Montgomery advertiser., 1904-03-04
Liverpool Cotton Futures.
n. ! B. Beer's Cotton Y,.tt.r

tBy private Wire to Caldwell. Ward & Col
 NEW ORLEANS. March 3.-As Liverpool was Is to 2l higher. subsequently declined ia to go on realizing. but shortly after improved 70 to 2s from the bottom on reported flrmness q spots and the anticipation of very buliish weekly statistics tomorrow The easter feeling in spots. and desire to take prsatsas caused a break of 80 to ST from ,he t1p in however. superinduced "a slight enhancement. making Snn the net gain ! to spoints on the
 It is estimated that the amount to be brought into sight during tke week will aggregate about t29.o 900. against l77.0oo last year. and it is anticipated that the interior re- ceipts will be very light There is no douht that all hgnts will he bullIsh. as the lack of export 5t mand from the interior. must neces- sarily restrict the movement. While Liver pool seems to be very confident of higher levels belIlg reached 1t must be remembered that our market Is again relatively the high est in the world. May closed at l5 70 and Liverpool on the former and on the latter In other words. we out of line with other markets and seem inclined to make New Or leans the dumping ground. The recent break Of over five and one-half cents per pound was brought about by the enthusiasts bidding up this market too high. consequently while the ractors are all buiish, we think 1t ad- visable to call attention to a position which may prove dangerous unnecessarily by the action of those who let their enthusiasm get the best of their judgment. Of course as long as strong leaders are willing to hold the market. a decided break may he ayerted' put should they at any time withdraw their support. serious decline may occur; there fore while the war In the East hangs over the market 1t will be a menace. consequently we deem 1t advisable to operate on extremely conservative lines.
 Sentiment though is in favor of the article, and 1t will require some decided setback to eheck the rampant optimism now prevalent. Caldwell, Ward & Co.'S Market Letter
 BOTTOM.
 MONTGOMERY. March 3.-The cotton mar Ret to-day was unsettled and apparently ner- yons. though the the. tendency has been up and on all options. The closing was I6 points above yesterday. New yuylS's g. market opened strong, heavy realizing forced prices down put on every easy spot there were many buy ing orders which prevented any material de- cline The bull leadeFs have apparently SUD- ported the market on every eaay spot increas- Ing their already large holdings. Reports. had n that MT. Borden has been big buyer of May since 1t sold down below I3 cents Ac- cumulatihg about 500, GOO bales a large port of which they have sold at q profit of Ss to S9 and the balance will be held for higher prices Receipts continue to decrease and the reports of the closing of local interior offices by the big cotton houses indicates the season point to the new crop. which has progressed favorably. On New Yc-k's close Liverpool Is due to come to up tomorrow.
 GRAIf5.
 The bears had the market all their own way except for brief period of strength at the opening. Wheat: Notwithstanding the ex- treme weakness in the market there was much more in the news that might be con- strued as bullish. Cables were indifferent to our advance yesterday. but were held firm by the serious state of labor troubles in Ar gentlne. Liverpool closed M lower to h higher. Estimated cars, aS.