The Montgomery advertiser., 1905-02-06
,. sl BACHE \ CO.'S COTTON LETTER. tBy Direct Private Wire to Virgin < Faunce,

New York, Feb. 4.-The Liverpool market made n, a better showing than expected Due points higher with spot cotton S points higher on sales of 10000 bales. This show ing in connection with continued firmness in the South startled the sellers of yester- day and the markeet opened active and firm on covering with first prices to higher. leans bull support together with fresh buy. Ing orders from scattering sources and cov- ering of local short. to matter of F to ls points when profit taking for over the week end increasing, the market sold off to about the opening figures
 the census bureau having investigated the report that they had reported 5000 bales too much for Caddo parish, Louisiana, found that their figures, instead of being over. were at least 10000 bales under the actual amount. This wire came from New Orleans. according to the report of parties circulating it. Before reporting it as official we would prefer to await confirmation from Washing ton.
 at New Orleans though continuing very light at Houston. According to the day. s estimate for Monday, reports from the South with mills holding pretty good stocks. these commitments are likely to be extended where possible rather than cause any ma getting less favorable to the market and should prices go much higher safes for a turn would seem in order.
 LovEMAN q CO.'S COTTON LETTER.
 fBy Private Wire from H. & B. Beer) New Orleans. Feb. 4-The influences at work in bringing a further advance of about 10 points in futures this morning, May hay- Ing sold at 7.S2. were the large takings Sy sp sPIuners of the worid during oS sne week, spending week last year, and the decrease in the worlds visible stocks of 167,ooo com pared with a decrease of 6o,000 one year ago. Aside from these developments very bad weather was in evidence in all sec tions of the belt. six inches of snow in Tenn ms@A emNl aA etA AnAN4 STaFA NrTnG . reported from the territories and north Tex as. Arkansas, Louisiana and Mississippi. Press .advices telling of railroad traffic be- were small. estimated at 15,ooo, last year 24. 900, and as arrivals at 50 inland towns for the first day of the week were less tnan and stocks at the same points show loss for the day of 2.Oo0. against an increase expected when compared with yesterday 6 American markets but was rather disap' pointing in not responding more readily to variations in the worlds visible supply state ment which. however. was probably due to week end covering by longs to realize profits. The large spot sales in the English market amounting to 10000 bales for half holi- day. and would indicate that the spot de- mand is far from being relieved, English spinners having drawn against Liverpools stock during the week to the extent of &C., 900 bales against 75.000 last year. leaving Compared with S4s,ooo one ''y year ago. ago, but Manchester's stock, notwithstanding the large forwarding to mills, is down to 10000. last year 63,O00. Continental spinners are not so well off as are the spinners of Eng land, stocks in Europe being 90,000 less than last years holdings 626.000 against 716,OO0 and there is not much in the way of relief Afloat. 50s,0 compared with 617,000 one wear ago. We had something of a drain in the last half of todays session. nearly all of the early improvement being lost on longs realizing in advance of the issuance of the final report on cotton ginned to Jan. 18th, May closing at 7.22@7.23. The ginners' report will probably show more than 12,- sOO, ,oo0 ginned to that date. The ginners' re- port will not affect the situation to any great extent as the Southern farmer holds the keynote, no matter what 1t might show in excess of expectations. the market will not be changed. If the South can with hold her cotton from the market until March. all will end we'll