The Montgomery advertiser., 1904-12-21

the greater part of the session was profit taking -ey satisfied shorts Once or twice during the morning prominent bulls were ary.
 The erase to sell at times reached such shake their heads and predict that prices would be carried e far too low as they were carried too hish last year. | over the delay in the publishing of the re- turns rom gfnners concerning the amount ,ra,s "s a,sNt;; s0ss9n sinn.d prior to Dee is; Much pired that the census bureau had notified New York that the first bulletin would be had failed to notify the local trade. A com. nm. plaint against the discrimination was lodged through the Louisiana members of The spot market was moderately active. Factors and buyers were more disposed to ret together. and up to o'clock in the fin on the spot. in addition to 1000 bales sold last night after hours. Prices were a full Nc lower than yesterday A zeresa, importers and Egyptian houses were heavy sellers and that Price was buyer.
 LOvEMAN | CO.'S COTTON LETTER. NEW ORLEANS. Dec. 2o.-Further de- cline in market was forced upon holders erEetic action on the part of the short con | tingent In all trading centres of the world today. The depression was not the result
 comparatively small. at all i' ports today. .
 about ss.ooo: last year 7o.sss: since FIT.
 nor was the easier tendency. one might say
 weakness, of the market attributed to free
 offerings of actual cotton from the interior.
 as offernEs from the country were prac-
 tieally nil. The main cause of the break
 was due to leaders and followers of the
 short side becoming intoxicated with success ! a lone
 part with their property The speculative
 markets are at the mercy of the bear pool
 in the absence of any demand for spots of
 moment. and as the preliminary report of
 cotton ginned since Nov. II will not be pub
 lished until Wednesday. Dec. as, at noon,
 os, wts . as tss ing long interest. whether it be in spots or futures. in any market. or at any place. to
 the market all the more by the overthrow ing of such distressed cotton. The forcing
 of market down to the present level of vai-
 every confidence in the ginnerr report show ing as much at 20 per cent, at least, more
 cotton ginned since Nov. IT, which would
 give them the privilege of allowing an ad- ditional 5o0.o0o bales to be ginned before
 end of season exclusive of about 25o,ooo
 . commercial crop of about 12.5oo. OoO bales. What few reports that have been received
 from Texas today concerning amount of cot I ton ginned since the last census report would lead one to believe that the State would make . very builish showing. Geor-
 sia and the caroiinas. no doubt. will prob
 ably make like returns, and as Georgia | and Texas have by far the majority of l counties and raise more cotton than any
 other four States combined. the general
 average percentage of amount sinned since Nov. l4 might easily fall under expectations l of what is expected for the entire belt. of l late 1t has been purely a professional mar
 ket, but things could change in quick order l should spinners decide to enter either mar ket.
 l We are on the of . usual dull season | on account of the holidays, but mills of Europe held Il. 100000 bales less in stock Dec. than last year, notwithstanding that their takings to have been 2<9,000 larger. they may be found liberal and anxious buy CTS in the neighhorhood of cents.