The Montgomery advertiser., 1905-03-11
HAYWARD, WICK q CLARKs COTTON
 LETTER.

HAYWARD, WICK q CLARKs COTTON
 LETTER.
 (By Direct Private Wire to Virgin & Faunce.
 Managers: phone 73e)
 New Orleans. March 1o.-Cotton hard to buy even if the crop is in the neighborhood of 1a.5oo.ooo bales was the strange state of undertone and put prices up this morning.
 General sentiment was hearish and the bulls gave the market no support at all. and yet values showed a strange resistance to being forced to the levels which the bears
 The chief cause for this situation was a strong demand for spots and but moderate offerings either in the local market or in the interior.
 prices from points lower to 2 points hisn- CT than the closing of yesterday. The rins paid but little attention. around the open n to about SFPeq nan pected. New York came in steady with prices unchanged to point up. Soon after tracts on limited offerings put prices 4 and points higher than the closing of yes- terday and there they remained during the In the earlier hours the active months went as low as points below the closing of yesterday. At all times the ring was The statistical features of the day were strongly bearish. The amount of cotton brought into sight for the week was 2ss.- 900 bales. against 225.52S last week and 114.15s last year. The trade. however, did not do any selling on this showing. The Bombay movement was something startling. pared with 46,o00 during the same week last year. The trade wondered at this. but evinced no great desire to go short on it. The reason for the inactivity of the bears was to be found in the demand for the actual cotton and in the bad weather all over the cotton belt yesterday and last night It Is now high time that preparations for planting should be pushed with all dispatch possible. but little can be done long as In the spot market the demand was strong from the opening for both spots and for f. o. b: cotton. while offerings were scanty. Factors demanded advances of from 1-16c to hc on nearly everything they had to offer; Up to 1 o'clock about 2,ooo bales had been sold on the spot and about 2.50O f. O. b. had been traded in.
 The spot committee revised quotations to- day. advancing the lower grades bc and trading in f. b. cotton would reach enormous proportions as tho demand is ap- parently as good as 1t has been at any time LOvEMAN & CO.'S COTTON LETTER. lBy Private Wire from H. & B. -Beer.) New Orleans March 10.-The market continues to maintain a steady undertone ports. 163.6S2 bales during past week, com pared with 51.24s last year. the weeks in- sight amounting to 226,ooo. compared with 114.oo0 one year ago. the interior towns only | suffering a loss of 3.343 bales against a de- crease last year of 1S.S63 when shipm nts from the thirty counted towns amounted to only S25S5. against 123.4S6 this year.
 The movement thus far this month is S1S.1S last year 176.00O. By the end of next week there will probably be more cot ton marketed than last years AT, 900 for the whole month. The idea prevails how | ever. that spinners will take care of all that Is marketed. even if 12.Ooo.oOo bales cia1 developments of the past week in the struggle for the possession of Manchuris has made longs more confident than ever of such large consumption being realized Half of the season has been spent however
 and there is no telling when the war wii | be over. and in the meantime the consump. tive basis is only running on 10,500, 900 when compared with one year ago. while the com mercial crop Is running on a basis of H. o2S.OO0. with the probability of it expandins at so rapid rate as to attain a basis of 11.500.000 by the end of the month, which
 VII probably be made larger by week ad- l mainnK five months of the season begin ming with April 1st.
 The movement of the Indian crop Is on | the past week amounting to 1ia.o0O bales or 800 pounds each. against 4e.o0o last year; since stpt ist i.s74.ooo. against 1850, 900 It Is expected that spinners' takings will be somewhat larger than last year during
 remainder ot the year. but it is more than | probable that any increase in this respect "'II oS t,o'o tidh inAue goou py the large ness Of the movement. when compared with one year ago. making 1t possible for the
 excess over last year in the worlds visible supply increase from time to time. wher market will be unfavorabiy affected there by, We attributed steadiness of marke, more to the limited supply in the local mar. ket than to any other cause hut mucr larger daily arrivals than last year will
 soon replenish the local stock The censI. | report has made it clear to us that the actual growth of last year was over ia. 00OOOO bales counting linters about 1S5oG l 900. and We can not in Justice to on, | friends. refrain from expressing our convic. | tions. much as we would like to follow on, sentiments Futures closed about 2 point, higher than yesterday. Spots closed firm | and unchanged. sales 2,sO0. f. O. b. 2O50 middling. 5-1ec.