The Montgomery advertiser., 1907-01-24
By Private Wire to Walter Cotter 4 Co.
 a2 Commerce St.

By Private Wire to Walter Cotter 4 Co.,. 4s Commerce St.
 New Orleans. Jan 2S.-The markets showed more activity today than for some time past. Liverpool absorbed the New York straddle selling without depressing ef-- feet and spots show an advance of ieyen points with total sales of 10000 bales. Feeling in general seems more friendly to ate. say below i1i.o.e0o. the reserve and hesitation which far stood in tho way of huIlsh enterprise will many think, be brok- en aud gradual improvement be the re- suit
 Large receipts. otherwise unfavorable sta- tisttcs. dear money. speculative opposition and dulness have not had the usual effect on the markets and this fact is principally responsible for the reversion of reasoning n6w in progress in bear ranks. On all sides We hear of a consuming trade being under engagements way into 1908. the slightest hitch therefore in planting preparations and succeeding progress is liable to be promptly and effectively reflected ia futures. more So than in other years for the good reason that people who freely sold actual eottQn ahead to the mills this season and had {" face three or four dollars bale loss fin the fulfiilment of their engasements owing to an accident to grades arc not likely ts fe- peat the experiment on the same liberal scale. The protective buying by consumers will therefore in a much larger way come on futures and only find ready satisfaction if the crop progress from the onset is per- feet.
 Trading in futures herS during the mornins settled around i0.20 for March with repeat ed jerks upwards Houston receipts for three days show signs of dropping material congestion on certain Texas lines is about over. The spot market Is quiet and steady fair demand r-eastern mills.
 Good middfing again about 100 points on March futures. There would be more business but for the composition sf the lists offered Too much undesirable cotton in the tail of the lists Is the general eom- good premium.
 Spot business picked up considerably ts- wards noon. Export shorts for January joined buyers for the east in the demand at interior towns proceeds on old lines shown by the half weekly 'statement today Receipts are two and half times as large as last year. yet there is 5000 more loss in stock which explains the absence of de- pressing influence Of such a movement on the markets
 The census report published at 1 p.m., gave 12,I67s73 ginned to January 18th. against s,oSs.s34 last year. and s,7s7. 500 ip 1905, was rather above the expectations and liquidation of long cotton bought in anticipation of ginning figures below 12,loo.- 600 caused break of twelve points
 The speculative interest being so small the effect of the disappointment was very limited. This is the last periodical ginning report of the season and being TO much iAi SSA man eApcCAeu, " CdHnot put ieSVo behind the impression of larger crop than SC far defended by argument. If we allow for all accelerating influences, these gIn- nings point to a growth around l2.soo. .oCn and a commercial crop of about 127o0, 600.
 Trading in futures settled around 10 i2 for March with the market fairly steady Some further setback would hardly surprise anybody. but no decided movement below ten cents is probable
 Truly Rours.
 WALTER COPPER & CO