The Montgomery advertiser., 1905-10-21
MONTGOMERY COTTON
REMARKABLE PERFORMANCE OF SPOT
 MARKET.
0 Failed to Respond to Advance of 20 Pointa In Futures Caused by the
 Dlsastrous Weather News.

The performance of the spot market in Montgomery yesterday was remarkable in view of the sharp advance of futures and the higher prices for spots offered at the ports. Futures showed an advance at the close of nearly 2s points on the day; and epct cotton was quoted at New Orleans, IS Sc better than on Thursday.
 Tn MontEomeIy nothing better than no snoxs Th1rsdas prices, s,vsn was n tbs pube While 9%c was the prevailing price report
 to s5 ssnt Dnt S s ths ss SSfd from Montgomery showed that middling cotton was bringing only 7-lsc here. Hold was no reason why the Montgomery nar- ket should be so much under the markets reiterated their intention to keep aioof from
 There Is no Joubt that the singular prices ported and discussed at Ramer today. where great mass meeting of Montgomery
 Bear sneculators seem to have been dis, eouraged by the cold weather news vanS and about five points above Thursdays close nn continued stream of bad crop reports from the belt: closing around the highest pnlse nns So serone s sSst Ne% Orleans future: continued to climb after New York had messed messed fD of the New Orleans market adyano- ing full ten points ahead of Wall street after the Wall Street exchange had quit
 Receipts in Montgomery have been slow this week. a total of S.52s being reported; there Is stiii little news Holders stub born and some of the buyers maintain that fer sr their s.lI clients neaS at lower fsure. S'
 Brown is aEsn in ths Hs,,sraay %sTsat fsnss the sSasn sdnanoe hss 5as Sesan ton specuiator received this telegram from New York attributed 2 to MT; Brown. ov,n rsx
 on the heels of the very heavy rains of the disaster @ wG to u ali that section If the weather had been dry. even low temperatnre would tions than will be done by present cold wave striking a country .horoughly satur- srn Texas and the Territories Is probably the latest in the history of the cotton crop.
 'ss %enssa or picked up New oraeans ana ;I at the ;th eolss ,h country asking better prices.
 The weather news was not so disappoint- ing as. the bears had predicted One New
 'There is a general feeling in cotton iSs ing frost to this date Heretofore large receipts and fine growing weather followed ures, have led to rather high crop figures With the holding policy existing fin the South and killing frosts over any extensive area there would be radical tendency to cut down figures of production. In its i'm pbrtance therefore. the small crop esti- Inates circulated this week combined with the importance of frosts has been fully as important as a price making factor was an unexpectedly favorable report from Wash ineton the 3rd. At the same time feeling of hopelessness seized holders of cotton. . who feared they had been mistak- eu in their views of the crop This element not an important portion of the cotton trade will now be encouraged to buy for advancing prices and the outlook is there fore one of decidedly more hopeful aspect than has been the case during the last three weks.'
 Local holders again jubilant and talking 11-cent cotton with better faces.