The Montgomery advertiser., 1905-02-15

] except continental selling but added that
 the South was offering nothing. Spot sales
 continue large. partly as . result ot the ao-
 enees in filling their short commitments { from that market Closing prices recorded
 loss of points on options and on spots. with sales of the latter 10000 bales
 Business on our exchange was restricted to greater degree than at any time since the recent wire troubles began. conmunt- cation for the most part where not impos- sible was greatly delayed Consequent to
 shortly after the opening. at which a small
 decline was observed The weather over the
 entire belt is intensely cold and although
 generally clear today forecasts are not en-
 tirely satisfactory. After the recent falls
 of snow and rain dry warm spell of some
 duration will be necessary to enable farm
 CTS to market their cotton freely.
 Some increase In the lines Of spots offer
 ed indicated an easier market probable. but |, held for fuii prices. This stsadiness was reflected in contracts by gain of few 1 points during the afternoon. Some irregu- lartty in the market may be expected for the near future, weather and spot demand lending support and slightly freer interior offerings depressing. and although the it is not thought the country will main
 tain a position of increasing firmness.
 LovEMAN & CO.'S COTTON LETTER. (By Private Wire from H. x B. Beer)
 New Orleans geo ta-Suslnsss SSsas oS,aS was pied was the telegraph service with the in- terior and the outside world cables from Liverpool and New York dispatches arriv- ing only at intervals. Weather South, how | ever. was somewhat more favorable, for while lower temperature was in evidence In | the Southern portion of the belt, with little change from yesterday in the north ern section, little reinS were observed except light showers along the South Att lantIc coast English cables were more un- favorable than looked for. Liverpool futures closing at a decline of points after having
 been /down, and spots there were easier
 At a reduction of points, sales lO.ooo bales.
 mijdling 4.0Sd.
 American markets opened lower than pected New Orleans points down, May 7.20. Reports from the spot department were to the effect that holders were sticking out the basis of concessions which. in a
 measure restricted business, but at the
 same time served to warn traders from sell
 ing near months at too big discount froU the value of actual cotton
 Approaching the determination of fac- ] tors to hold out for full quotations, shorts
 took few lines for profit. or rather safety's sake. May advanced to 7.27. Later a'- counts from the spot department. however l irregular and as there was more cotton of | fering than for the past month or so, little
 weakness was reported here & and thefe, oI. Liverpool cables that the continent sold freely today in the English market. and that | offers of actual cotton from the South were
 more liberal; this information being ad
 vanced to explain the easier tendency of
 the foreign market If the wires were work | ing all right with the interior. a better idea of conditions could be obtained. but the | trade will remain at sea as to what the country proposes, is willing to do until wire communication is restored. Secretary Hester's analysis of the amount marketed | to end of January shows the following com parisons by groups of states: Texas. Indian
 Territory having marketed 2.34O.O .O0O bales.
 against 2.43T.0Oo last year; other Gulf States 2.966. .00O against 2.57S,0o0, and the
 Atlantic States 3.665,O00 compared with E,- s55. 900; total s.s7l,O00, against s,010,oO0. To
 January 16th, Texas and Indian Territory
 had ginned s,467.s bales, counting round | bales as half bales. but they have onIy
 marketed 2,339, 73S bales. their reserve stock | is as much as 1,12S.131 bales, compared
 with 439.000 that was marketed after end | of January one year ago.
 Spots here closed quiet and 1-16c down;
 sales 1.s00; to arrive 1,25O; middling, 7hc.