The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-08-04
MARKETS FOR FUTURES
!. QOyERNMENT REPORT STARTS SELL
ING MOVEMENT.
Thcre ID Vigorous support, However. and
at the Chose the Declines Arc
Matter of Only to
'ssas4 IN POiuts.

NEW YORK. August 3.-The cotton mar
ket opened easy at an advance Of 1 point
70 q decline of points and ruled very
nervous and irregular with trading more
active than for several weeks past, although
act prices for the day were comparatively
animportant At the beginning the market
showed an easy undertone and by the mid
4 ale of the forenoon had declined to a net
loss of about IL @13 points on the more ac-
1--WE positions under heavy selling apparently
.or both accounts The weather over the
south was favorable, aiding IN the decline
There was renewal OF rumors that lead
ing bull interests were attempting TO liqui-
date and there was further heavy selling
by brokers sometimes representing this in-
J terest- But at the declines mentioned, COW
ering became heavier and by midday or
just before the Government report was is
sued. the market had rallied several points
with October selling at s.61, December at
9.55 and January at SIS. The report
proved even more favorable than had been
generally expected. placing the condition at
Dis per cent, against SO per cent last
month and 1871 per cent for the same month
last. year. but Immediately following its
publication there was active selling, driving
prices back to O.. SIS for October, 9.4s for
December and 949 for January. just
about the previous low point. There was
very heavy covering at the decline and also
some signs Of a renewal of bull support from
lower Wan Street, which this morning had
issued q very bullish circular. The South
continued active sellers during the balance
OF the session. but in spite of pressure from
this source and the bearish view taken of
the report by local commission houses,
prices held steady during the afternoon and
closed steady at a net decline OF only to
10 points. Sales were 10000 bales.
DAILY COTTON MARKET.
NEW ORLEANS, August 3. Cotton
steady; sales, LOO. Ordinary 1916
good ordinary. 9h middiing. 10%; good
middiing. 10 ILLS midding fair. 10 15-ls.
Receipts. 266; stock 1862.
GALyESTON.-Quiet; middling. 10 11-16;
receiptss 81; stock, 1929. s
MoHlLE,r--Nominai; middling. 10h re-
ceipts. 81: stock. ass.
SAvANNAH.-Quiet; middling, 1913: re-
ceipJts. 103. stock, 13.4l9
CHARLESTON.-Nomi stock, $40.
NEUTRALITY-SUSPICIOUS. receipts, 4:
stock, LOB.
NORFOLK. 1875; stock, 1878
NEUTRALITY-SUSPICIOUS. mijdling. 10 so;
stock. 1,272.
BosroN--ouiet: middling. TO- so; gross
receipts. .1o3s.
PHILADELPHIA = Quiet; middllng,
10. 10; receipts, SO; stock. 7s9
ST. LOU1S.-Quiet; middling, 1914: re-
ceipts. 1870: stock. 10,261.
NEW YORK.-Cotton quiet; middling
10. -; gross receipts S99; Sales 215; stock
1888; exports. to continent, so.
Total today: Net receipts SIS; exports,
to continent, $50: stock. 100, 05S.
Consolidated: Net receipts. 6.601: exports.
to Great Britain, S,097; TO France. $50; to
continent, 1851; to Japan. 1,4o5; to Mexico.
ls2.
Z Total since Sept. /: Net receipts 7.121,-
e6T; exports, to Great Britain, 2,4S9.019; to
France, 6s8.914: to continent, 2,5S4,930; to
Japan. 4s.1s5: to Mexico. 27,31o.