The Montgomery advertiser., 1905-03-24

from 1 to 6 points. Liverpool might have
 been a trifle higher to have met expecta-
 showed fondness for taking profits and
 this, Ntogether with some kind of rumor
 or other that the Mikado had invited the
 Czar out to have a cold bottle thereby
 giving the court hangers-on a strange sus-
 picion that the crowned heads had come .'
 the conclusion that 1t was a wicked waste further, served to advance prices from lev els to points lower than the closing Of higher than the final prices of yesterday. Short covering and rumors of peace be- tween Russia and Japan was all there was to trading up to l o'clock.
 The weather map was eagerly scrutin-
 ized this morning, as were dispatches nom the country and 1t must be said that in this weather map could hardly have been better. while the gist of large amount of in- sale of fertilizers was increasing at a rapid rate If the planter keeps his word about
 reducing the acreage of cotton as well as are that the Government will have to mark down about s1,0oo.000 acres against the
 item total acreage for the cotton belt''
 Spots were quiet and steady. Up to
 noon about 2.ooo bales had been sold on the spot. and some spot men said prices were 1-isc lower than yesterday. Little
 business was done in f. o. b. cotton. LOvEMAN & CO.'S COTTON LETTER. (By Private Wire from H. & B. Beer.) New Orleans, March 23-The downward trend of values was checked today after reaction was due to revivals of press re- ports looking to the restoration of peace between Japan and Russia.
 The more favorable political developments were productive of something in the way
 of an increased demand for spot cotton in
 the local market. which. however. was diff ficult to locate during the day. Neverthe- less. there a good inquiry for contracts.
 a steady absorbing demand being noted and | r1frA k@I fw,a ,dxsnr Af mt Concerning the situation in the Far
 East. cablegram dated St; Petersburg March 23, at p. m, states that the min | isters and supporters who advocated the
 submission of pacific proposals to Japan. so as to ascertain whether an honorable basis | of peace is possible, believe they have car | ried the day, and The Associated Press
 hears on high authority that an actual step is imminent, if not already taken Another report from the Russian cap- ital, however. states that the internal loan
 not favorable for an early settlemsnt. and | there is no reflection for an immediate change in the political situation noted In ment to end the war would no doubt be quite stimulant to the cotton market
 and to the trade in general, but the issues nt stake are of such importance that 1t | would be some time before a final adjust ment of affairs could be arrived at, even l the two governments. the demand of Japan | for indemnity and territory being the ob- stacles to overcome.
 Weather conditions were decidedly better | in the South today. the belt being prac- tically rainless with indications for con-
 tinuance of fair weather. Receipts were heavy, at all ports since Friday 145 last year 54,204, but in measure were offset by large exports for the same period, 1l0, ,476 against 55, ,02s, stock at all ports
 today s47.6o0, compared with 5so.sss one year ago.
 The ginners' report was lost sight of to- day. but 1t will not be without attractive- ness when issued, as 1t will probably show
 crop of about 3,500,o0o larger than last year.
 Spots here closed steady: sales 4,20o; to
 arrive. HOO; middling, 7hc~ May closed 7.4s17.49c
 Liverpool Is due to be about three to four up in the morning.