The Montgomery advertiser., 1908-05-05
LITTLE LOTS SOLD
PUNCHES OF BALES BARTERED AT
 TEN CENT BASIS.
Transaetions on Local Market Are Few But They Indicate Better Conditions
 for Cotton in the Near

Transactions on Local Market Are Few But
 They Indicate Better Conditions
 for Cotton in the Near
 Future.
 The bulls played battledore and shuttle cock with prices in the big markets yes prices. indicated rather than proven by a few transactions in small lots. was alto The cotton sold in the Montgomery mart was hardly more than little flecks of fleece across the glorious dawn that the boosters already see making new and better day. bic in size: and the taurian champions de- elsred they were not so numerous as to in- dicate . disposition towards heavy selling, and yet were sufficient in quantity to de- monatrate interest in the commodity and quick sympathy with advancing contract The transactions were made on an aver age of 10 cents basis middling The advances in futures were almost sen eationaL New Orleans, for example. opened IS points better than Saturdays close and continued to rise until July was half . cent to the good. The net gain was ss 2 rae dope sheets gathered from various sources by the Board of Trades correspond enfs were more strongly buliish than they Had been in many weeks. Bulls claimed that 1t was not only weather and specuia- tion but real interest in the stuff itself that was making the market, and that the bsars were very frightened indeed.
 The bears in the main contented them selves with saying that 1t was just the the
 
 6he heat. or delirious on account of the humidity or something of that kind. Wait until the clouds roll by, Jennie. is the bur den of their song. and they sing 1t with teering lit that must be irritating to any body that is still wearing long face on reli by. the bears hoarsely chant. prices are going to drop so far. and hard that ths pieces will have to be swept up with h the meantime the clouds have not rolled by and there are beginning to be the the. cuticis that covers the Bears frontal bones.
 NEW YORK COTTON.
 New York. May 4-The cotton market had sensational advance and ruled very active during today's trading. The close sales were estimated at 100000 bales.
 The market opened firm at an advance of i4Q24 points in response to the sfrenKtn n renewed support from large spot interests. There was heavy realizing at the advance. but the market continued to work upward unti prices showed net gain of about 3s e AS points the near months leading May sold at 90 or s7 points above the low level of last week. while July sold at s.99 or 19 points above the low record. This ad- vance was followed by reaction of several points during the later trading with July latter comparing with s.7s the high point of the day.
 Big trade interests appeared to buying on all soft spots and 1t was evident that RIl nearby shorts were practically demoral- tzed by the talk of further decrease In local stocks the aggressive character of the support and the prospect for showers and frost in the western belt The report of the bureau of corporations may have had some sentimental influence suggest ing a possible strengthening of the local contract. but this was not believed to be so much of feature as the technical condition of the market following a long period of depression. the less favorable weather out look and the character of the buying. much of which, as noted above, appeared to come from trade and exporting interests.
 Receipts at the ports today 5,S75 bales against s,Ts3 last week and 10, 264 last year Tor the week (estimated) 55.00O bales, against 57.5s5 last week and 5ss32 last gear.
 ! Today's receipts at New Orleans TOO bales, against 1.274 last year and at Houston l,94O bales. against 1,s76 last year.
 Futures opened firm and closed steady: