The Montgomery advertiser., 1904-11-11
MARKETS FOR FUTURES
OPENING UNCHANGED TO DECLINE
 OF TWO POINTS.
An Advance Is Followed by Pressure From Wall Street, but at the Close Prices Show Very Little
 Change.

NEW YORK, Nov Io.-The cotton mar ket opened steady at unchanged prices 70 q decline of 2 points. Some demand 1rom sunalier shorts was evidently attracted oy the forecast calling for rain more or less generally over the belt and immediately fol- lowing the call prices sold up 2GS points, of Wall Street bear pressure ana decine of about 4@5 points from the pest fonoW- ed by another slight bulge toward m,ouss ,ss as offerings were withdrawn during whicn January sold at 9.9o and March at l0c' or q net advance of about points
 The close was steady as result of room covering, with prices net l point lower 70 1 point higher. Sales were estimated at about o.0o0 bales. The difference between the low and high prices for the day was a matter of only about points Port receipts for the day contrasted bulishly with last years figures and exports were again large, bringing the total for the season up bales last year. Estimated receipts of cot ton at the ports today 5s.511 bales. against ts.tss last week and 7i.242 last year.
 LoyEMAN & CO.'S COTTON LETTER.
 NEW ORLEANS. Nov.s io.--Market was stagnant today. ruling dulf and featureiess during the entire session. The want of a spot demand is principal cause of values failing to reflect receipts of more moder- ate proportions There has been marked falling off in exports, since last Friday 155,s44, against 250.9ss corresponding time one year ago. Stocks at all ports continue to increase and are now s15.5s7. compared with 772.424 last year. Considering condi- ticns and developments of the week futures shows signs of weakening under weight of increasing stocks. Official quotations are unchanged from yesterday, but spots are lower to sell. easy being the tone of the market on sales of $500, and 1.400 to ar- rive: middling 11-1sc.
 Tn early morning room traders were prin- eipal sellers in the absence of outside SUD- port, January after opening 2 points high CT than last night at s.76. selling off to ssT& Weather map indicated decided un- favorable change ip weather condition by tomorrow, freezing weather being predicted for northern portion of the western belt and rain and colder weather was the fore east for the central sections of the cotton belt. Tomorrow's statistics are expected to favor the long side of the market; weeks movement pointing to about 525.0o0, last year 5e0,000. and the expected increase in available stocks of American in the world will probably be less than last years S05,- 600 owing to the smaller weeks insight ate some little animation in view of the expected bullish weekly figures and the coming of colder weather which is ex- pected to produce killing frost. possibly snow come of these attractions influenced January to level points higher than lowest of day, 1t selling at s.s2. It leaked out that spots were pressed for sale which rumor gained currency in short order. and this forced prices down, market clos Ing January SIT.
 lsiNeTpOOl Wds no worse than TUT, closing points lower than yesterday for futures. s lower for spots; sales, 1000; mid dlings. 5.3s. Manchester advices indicated much activity in spinning circles. quoting cloths strong, good business in yarns. In the event of spinners continuing to take freely of American cotton which is expected to show in tomorrows statement for the week. consumers may enter the market for future requirements of raw material rather than trust to the Government estimating . bumper yield on December 3rd In which case prices would be supported by the pub lie