The Montgomery advertiser., 1905-01-26

yesterday Liverpool futures were nuc!, higher than expected, showing an advance of to points when decline of 4 pon,ss of the water yesterday. New York came in firm at an advance of from to | points. shorts did considerable covering tnrougnout said that two prominent floor brokers were feeding the market at every punt advance. although who was doing the selling was matter of conjecture.
 In the trading up to 1 o'ciock the active months first showed an advance Cf 10 to i2 points. fell of 6 to peinss and Nhen ad- vanced again until they were to points higher than the final prices Of yesterday.
 The proceedings of the Cotton Convention undoubtedly had something to do with the quietness of the shorts. The feature of the proceedings was the circulation of pledges calling upon farmers to reduce their cctt acreage 25 per cent. Some 500 of these returned during the day, but instead of pledges to reduce acreage 25 per cent dur ing the coming season the average reduction promised was 33 Is per cent.
 Spots were in good demand from the open ing, but offerings were not as free as they were yesterday and factors were firm in their demand for higher prices This re- stricted selling.
 In the Liverpool market futures opened steady and unchanged and closed steady at and 1 points advance from yesterdays close. Private cablegrams said that Alex andria and America were heavy buyers and that jobbers were again going short Spots WeTd III BOOu ueHdHu anu BdieS were lEtuVus Middling, STA; receipts, 29,o00
 c. E. PIERCE & CO.'S COTTON LETTER. (By Private Wire from Gibert & Clay.)
 New Orleans, Jan. 25.-Liverpool again furnished the stimulant for improvement to- day. Instead of showing a decline of points as expected. offered us an equal ad- vance and towards the close increased the betterment to points The advance was ascribed to private information from an Eastern operator fixing the census figures at lxAN~ .a1 h.ks from America and the continent Liverpool tobbers, however, continue bearish and sold on the advance. Spots on sales of 12.oaa bales, advanced points. fair demand for cloths, with yarns irregular, was ported from Manchester.
 The advance observed at our opening was covering by shorts being about offset by fresh selling orders Trading was rather light and fluctuations narrow.
 The delay in the issuance of the census report is probably attributable to the diff who, in view of the present depression. are who in vie wof the present depression, are possibly manifestlng reluctance in adding te the figures. Further improvement was no tfceable in the spot business, the better de- mand being quite marked. There is little question of the earnestuess and seriousness of the convention Efforts are we'll united
 to attain the object, but the ways are not quite clearly defined in detail as yet When
 next crop will be a small one, a material advance may be expected. Pending that time the gains will probably be only tenn porary.
 LOvEMAN & CO.'S COTTON LETTER. SBy Private Wire from H. & B. Beerl New Orleans, Jan, 25.-There developed a
 better undertone in all branches of market today. Liverpool was decidedlly in better
 shape thnn expected. selling i2.o00. bales of spots at advance or points: middIing, ara, and futures were lifted to the saIhe extent. The more favorable developments abroad were attributed to the harmonious proceedings in the Cotton Convention and to
 n cable from America to effect that it was probable that the next ginuers' report would show less cotton ginned to Jan. l6 than the weather of the past month and the drop in
 the price of the staple being advanced with
 other reasons why the report may not show ! 1z COG, 900 bales. whereas 13,000,p00 is gen ] erally expected. The features were coupled with a more pacific outlook in Russia. where tho government has affairs well in hand. English consols closing at an advance of | b 1-1e when compared with yesterdays clos ing. As long as the Russian army remains | loyal to the government, the revoluticnists can hardly make successful assault upon
 the governments positions that are fortified with modern machine guns Nevertheless, rumor gained currency thls afternoon to ei- feet that the Russian government had re-
 ouested Japan to open negotiations looking ! to the restoration of peace between the two
 powers 1t would seem. therefore. that from
 whatever point of view this is taken of the
 situation in Russia. the recent uprising of
 the people will probably hasten the ending l of hostilities faster than would the fall of a half dozen Port Arthurs. From the very opening of our market good reports were re- ceived from the spot department, the conti-
 nent of Europe being an anxious buyer at l l-l6c, sales amounting to 5,20O bales on the spot and 1 500 to arrive, market closing firm. Nothing fresh was received as 10
 when the ginners' report will be Issued. but according to a local evening journal. | President Jordan of the Cotton Convention requested Director North of the census de
 partment to telegraph the convention the | ginners' report up to Jan. 16 not later than tomorrow at noon: but yet no answer has
 been received. The movement at 13 interior
 towns since last Friday showed farmers to
 be shipping sparingly of their holdings re-
 ceipts. 3s.93s, last year, 63,7ll. and arrivals at all ports for the same period are only I04 60B, against 103.253, which points to a | weeks insight of not more than last year 2 | 210,0 900. The future market opened about points up with March at G. 59. sold off tc 56 advanced to 6.6S about IT points higher than yesterdays closing, finally clos
 ing at 6.6696.e7.
 | MARINE NEWS.
 New Orleans, Jan. 25.--Cleared: Strs. Ex- celslor, Hopner. New York; Manchester Spinner. Br., Logis. Havre: Asian. Br.. Bart lett. London; Nicaraguan. Br., James, Liv- erpool; Roanoke, Hansen, Port Tampa I.arne, Br., Faussel. Dublin via Galvestoni
 Mount Vernhn, Nor, Falsen, Guantanamo bark Oceano, Port, Malledo, Oporto. | Port Eads-Arrived: Strs. Cymbeline. Br. | To-to Gulf