The Montgomery advertiser., 1904-12-14
LOvEMAN Q Co..s COTTON LrrrER.

LoyEMAN q CO.'S COTTON LETTER. NEW ORLEANS. Dec. 13.--New orleans has large stock Of cotton, but factors are
 q the planters attending the " ssrssspar:. sssr. were proposed yesterday. upcn which final action will be taken tonight. declaring for . systemAtic effort to have the pianters msetinss throughout tho South on Dec I7th. and for . great cotton convention of dele rates from these meetings to meet in New Orleans on the fourth Tuesday in January. The South is showing the same tenacity the publishing of the Government crop es- markets today Liverpool cabied: "south not offering: market short; traders looking for | pence. which would mean cents ip America and that chances were in favor of Receipts. however at the ports and at counted towns show no falling off when
 ss@s~Sss smaller t thsn .rrissis of prey previous week. Five counted inland towns report arrfvais of ss.sso bales since Friday. com.
 Fort receipts ss.s4s. last year ss.oss These figures indicate . somewhat more bearish semi-weekly statement than looked for,
 than sso. .ooo. asainsi 4eo. sos one " year @ ago. and may probably be the means of furnish | ins another unfavorabie visible supply state-
 ing increased SO little last year. about ss.- 900. Meanwhile the tug of war is on be- tween the finenciers of the South and the
 spinning interests of the world, anu the pos l may be without effect if the South is found financially strong enough to dictate the price for the remainder Of her cotton crop. CHICAGO GRAIN AND PRovIsIONs, CHICAGO. Dec. 1s.--Liquidation by large | interests was responsible for a dropping
 wheat was off M@kc. Corn is down NS 1&c. Oats ana provisions are unchanged. Wheat traders were inclined to hold oft | regard to the proposed drawbacks on cana- dian wheat miIled in bond. The decision the traders expected would be announced | tomorrow. Uncertainty as to it's effect i'm. pelied cautious longs to unload and result ed in loss of kc at the opening, tho ] initial price for May being 1.osA @1. o9b. ture in producing weakness. A report that | the yield in Argentina blighted caused enough buying to advance the price of May to 1.tok. The betterment from this source | soon passed. however. There was a bear ish construction placed upon reports In re- | gard to the Manitoba wheat situatio- The Nc above the low point of the day. brad streets worlds visible supply statement | showed a decrease of 2.371. bushels,
 Primary receipts were 77s,sco bushels com pared with 1,e1o.400 last year. Ciearances | of wheat and flour were equal to 52,60e | Dusnels MlnnedpOils, anu CnlcdEc | reported 723 cars. against TAG last week ano SGT year ago.
 Corn was firm at the opening. but sub- | sequently became even weaker than wheat. May opened shade to Kc higher at AS and sold up to 4tM. Longs in December were aggressive at the start. The chief consideration actuating them was unfavor-
 able weather in the Southwest. The un- loading of a heavy line thought to be for one of the prominent longs turned the tide and general liquidation ensued. December broke HharDiy than Othar rnnntha l showing q drop of Pc from 47% May fol- lowed with a decline to AK and showed but little power to rally. The close was l weak at 44&. Local receipts. 7s5 cars. 2l contract grade.
 Oats were firm. Short covering advanced May shade from the opening figure at S02 Q50&. Oats were in good demand. The l close was steady at unchanged prices. Local receipts. 84 cars.
 Provisions ruled steady. Local scaipers caused bulge in prices but the demand from this sou:c ceasing, the market fell l back to previous closing figures. IF. 65 for May pork. 7.o5 for lard and 6.67h for ribs.