The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-07-26
Prices Reasonable.
MARKETS FOR FUTURES
MARKET OPENED AT ADVANCE, BUT
DECLINED.
Openfng was in Response to Higher Gables
than Were Expected-GOod Crop
Conditions Depress Late
Months.

4 NEW tORk. Juy Zo.-Ihe cotton market
opened steady at an advance of points to
- decline Of points. The opening advance.
which was on the nearer positions, was in
fesponse to higher Liverpool cables than ex-
pected. while the late months were de-
pressed owing to the absence of confirma-
zion Of the crop damage reports which were
circulating late Saturday as result of
heavy rains IN the central belt. Trading
was fairly active at the start and sentiment
peemed to have a bearish leaning owing to
the favorable character of the early map
and reports ~ re strike at Fall River and
bearish private advices from the Liverpool
market, where prices after the local opening
showed an easier tendency. After the first
wave Of liquidation following the call which
forced the market down TO net loss of
about son points, trading became quiet
Ind prices recovered slightly. During the
balance Of the session they ruled irregular.
but on every little bulge there was selling
by prominent floor brokers and the market
was finally steady at about the lowest of
the session or at net decline of soil
points. Sales were estimated at $4,000
bales. Private advices from Charlotte. N
c.. stated that the first new bale was ex-
pected in that section about August TO-
Advices from New Orleans expressed the
opinion that the rains reported would prob
ably. delay the movement somewhat. Port
receipts for the day were full as compared
with last year, but exports were light. The
strike at Fall River is expected to curtail
the end season demand to some extent. The
mills affected by the strike said to
have been using about 1000 bales per week
Just prior to the shut down.
DAILY COTTON MARKET.
L NEW ORLEANS. July 25.-Cotton steady;
sales. $50. Ordinary. 3-1s; good ordinary.
81: low middling. 1oh: middling. 1O& !;
good middling. IL 1-16; middling fair II S.
10; Rse ss%o, i,Ss4; stock. 5s;7ss
receipts, 8; stock. 4.o6e.
MoBILE.-Nominal; middiing. 1914; re-
neipts. 17s: stock. s14.
sHvANNAH.--Quiet; middling. DIS; re-
cHARLEsTON.-Nomi stock. 1856.
wILMINGToN.-Nomin receipts. 4:
MISUNDERSTANDING. rs; stock, 1880.
NEUTRALITY-SUSPICIOUS. miJdling. IL Is;
BosroN.-ouiet: middIing. 10. 90; re-
PHILADELPHIA - Quiet: middling.
II .e5; stock. 916
ST. LOUIS.-Nominal; middlfng IoK:
sales. IS: stock, 11.064.
NEW YORK.-Cotton quiet: middling
1870: gross receipts. 1.017 Sales $500;
stock tIoss: exports. to Great Britain. 81,
to Great Britain. ga; to continent 81:
stock 125.105.
Consolidated: Net receipts. 4.722: exports.
20 are9t Britain. 1903: to continent. $50: to
Mexico. 80.
Total since Sept. /: Yet receipts. 7.1o5.-
sis: exports. to Great Britain. 2,4es.s3
TO France, 69S.007; to continent, 2576,6s6:
to Japan. 44.7so; to Mexico, 26,s2s
NEW ORLEANS COTTON.
NEW ORLEANS. July 25-Spot cotton
dull and lower. scarcely any demand. Offer
fngs very light. Sales. $50 bales: delivered
on contracts. 200 Quotations reduced Nc
Futures easier at the opening Prices
were eG12 points lower than Saturday $
close. Some notices were circulated and
this. together with a ACKNOWLEDGEMENTS man
ana the Fall River strike carried the market
weaker. From the opening fair demand
was in evidence and this readily absorbed
AL offerings Bears displayed little or no
aggressiveness. Trading was featureless
after the opening. which was only marked
by the filling of orders that had accumu-
lated over Sunday. With these out OF the
way there was little for brokers to do.
August opened at 10. %. declined to 10 90
advanced to 1927 and finally sold down to
40. %. The market closed quiet Net
losses; July 9. August s. and the new crop
options SOS points.
NEW ORLEANS COTTON FUTURES.
NEW ORLEANS, July 25-cotton futures
quiet and steady
guy, oio ''.' ....10. so
beptemoer, bid. .... .... 9.72
OctopeT+. 9 .46m 8. At
s>oNeHlper 3. 43 n .. A
eoeinper' 3. 430 3. a.