The Montgomery advertiser., 1904-04-09

served to encourage bull arguments In the latter part of the day. the trade was only of moderate proportions The insight this week was for 1904. 75.715. against for the same week in 1903. l17.4os, against 1902. 7ss79. against 1901, 13s,7i7. The estimated port receipts for the day were 1000, against 10.453 for the same day last year.N The foreign cables were uncertain to great extent but this did not seem to lessen the demand for cotton.
 H. & B. BEERS COTTON LETTER.
 (By Private Wire to Caldwell. Ward & Co)
 NEW ORLEANS, April 8.--As Liverpool advices were better than looked for, our market opened 10 to l3 higher on cid crop months and to Il on new. Real izing shortly after caused a recession of to IS from the top, but about this time the bullish weekly statistics, the predictions of frost by Saturday in the Southwestern States and high water in valley in the next ten days combined with a good spot 2i from the bottom. La;er in the session, values again eased off. subsequently, became steadier near the close. making the net gain 12 to II points on all months. The amount brought into sight during the week was 76,0o0, against 117,000 last year, and the total marketsa from September 1st D date has been 9.2s6.eo0, against 9,664.00o last year. The 31 leading interior towns re- cefved 26. 900 during the week. against 59, 900 last year, the loss in stock being Ill., 900, against 5000 last year. Their aggre gate stock is now 22ss000, against 195.000 last year. The movement on its face points to a crop of 10,34s. 900. but judging from the amount in transit the Insight that will be marketed next week will again show a considerable decrease under last year. Liverpool cables that Manchester has a large business pending for Indian account and. that the feeling in favor of cotton is growing. Locally there was a good spot demand to-day, as Is evidenced by the sales of $500 bales at advance of one- styte of a There tO ha a better undertone to the market and 1t is claimed that spinners show disposition to take hold As statisticaly the situation gains strength from week to week there is latvely therefore the attitude of Liverpool and the demand for spots will continue to regulate the future course of values.
 Caldwell, Ward & Co.'S Market Letter.
 NEW YORK, April s.--To- days cotton market has been comparatively narrow and without special feature except for the vari- ous rumors and reports which only in- .duced varied. expressions of opinion with out Huch trading. The Liverpool market was Some better than expected. especially spots, and encouraged the bulls on the opening, which, however, soon dwindling out in the face of bear attack. It Is rumored that prominent export houses con- trolled some 45,0O0 bales of local cotton for which freight room has already been engaged. It is also stated the running count ot NeW torK StockS IS over estimated by some 13,o00 bales and that an early reck-a oning will bring out this fact. The insight movement this week is 52,Oo0 bales behind last year. With these facts before them, the bears hesitate to sell the market to any great extent; at the same time the encour- aging reports of a new crop and the knowl- edge of large stocks of spot cotton at New Orleans discourage any immediate bull campaign. For the present the market is only favorable for scalping. On New York's close Liverpool is due to come 5 to 2 up tomorrow