The Montgomery advertiser., 1904-06-02
MARKETS FOR FUTURES
SHARP BREAK FOLLOW THE RE-
 CEIPT OF CABLE NEWS.
rhroHshout Entire Session, Tone is Weak. and Close Ia Barely Steady With Prices on IF to B
 Points.

New York, June 1.--After a steady opening with first prices points high CT to points lower in response to ca bies. the cotton market today broke bharply and ruled generally weak dur Ing the entire session. closing within R point or two Of the bottom and bare " steady at decline of 12 to 53 points.
 The opening steadiness was confined chiefly to the old crop positions and re- stricted moderate covering by shorts who feared that the steadfer cables and The better demand for spot cotton in the English market might start a re- action after the recent severe decline. couple of private cron reports were also in circulation showing the condi- ton to be around 79 per cent. with an Increase of acreage ranging from z somewhat lower than the trade has the initial firmness. This. however. was oyer the South was. generally favor able. there was no indication of bull support or of a renewal of spot de- raid by the Wall Street interests fol- lowed by the report that New Orleans was selling. depressed prices sufficient which July broke to 1915. At this level covering steadied the market mo- mentarily and there was a recovery of about 10 points but the market undertone and readily yielded to an other wave of bear pressure in the af- ternoon. which drove July through the F cent mark with that position self Ing as low as 11.9 or a decline of 55 points. July closed on last Friday at l2 80 and the low point of today. therefore, meant a loss of about S6 points in the two trading days. Trad Ing was fairly active at the decline and there was naturally more or less ex- citement as prices worked lower while several sensational stories was set khoat as to speculative conditions. Sales estimated. at 100000 bales.
 Fw.fn nN FIA A@I- q n bales. against 3,707 last week and 4,3S3 last year. For the week 25.000 bales, against 26,253 last week and 25,293 last io4 bales. against S4s1 last year and It Houston 217 against 270 last year.
 DAILY COTTON MARKET.
 NEW ORLEANS. June 1.-Cotton steady; sales. 2450. Ordinary 11-16: good or dinary. II; low mddling. 11% middling i2h good middling. 12 7-1s; middIing fair,
 GALVEsToN.-Easy middling. 12%; re- ceipts. 1.s52; sales. 700; stock. 1S.437.
 MOBILE. - Nominal; middling, 12h;
 SAVANNAH. middlng 12%; re-
 RLEsToN.-Nominal: receipts, 25;
 wILMINGToN.-Nomin stock, CHA
 NoRFoLK.-Receipts. 400; stock. 6,SOc
 BALTIMoRE.No Nominal; middling. 1a; receipts. 92" stock, 1892
 BosToN-ouiet; middling. 12.75: gross receipts. 5T4.
 PHILADELPHIA. - Quiet: middIlng. IF 65; receipts, 50 stock, 1925.
 ST. LOUIS.-NominaI; middling 12M; receipts, 311: stock, 11.975.
 NEW YoRK.-Cotton quiet; mddIing, IF 4oi net receipts. 3: gross. 1.712; sales, 1.025; stock. 67.6o0: exports to the conti- nent. TOO
 Total today: Net receipts. 2.S2O; exports. to Great Britain. 226; to continent, TOO; stock 2S6.094.
 Consolidated: Net receipts, 14.4OO; exports to Great Britain. 5,653; to continent S463
 Total since Sept. 1: Net receipts G. 99S- bs7. exports, to Great Britain, 236205I; to France. 6S0,052; to continent. 2.4sO,O22; to Japan, 41.9Se; to Mexico. 25.671.