The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-12-02
New York Cotton Market.


New York, December 1.-Today's develop
mentS in the cotton market indicate pre-
dominance of bull sentiment with the best
prices of the day points over last nights
final figures The bull element showed
more or less hesitation at the start as a
result of conflicting news from abroad and
opening sales We're at a range of 1 point
decline to l point advance. Following the
first call there was a sharp upturn, jan
uary shorts taking fright which led to COW
ering in the March and later deliveries and
also inspired considerable investment buy
ing. Trading for time was active, but
subsequently, dwinded to a large profess
sional business, with the exception of a few
spurts of animation late in the day.
AT no time did the bear element show
particular spirit, there being nothing in the
news at hand on which to base vigorous
selling movement. The long contingent was
encouraged by glowing accounts from Man
chester in relation to manufactured goods,
southern dispatches indicating no let UP in
the demand for spot cotton and reduced
crop estimates from more or less renowned
parties. Indications that the crop movement
was likely to steadily fall off from now on
added to the confidence of the latter class
of traders, Early orders from Liverpool
were almost without exception for the sale
of ate months. Wall street purchased
January, March and May options
Profit-taking by some of the more eau
tons, but, taken altogether, the market
averaged up In favor of the bulls. The
close was steady at net gan of a to
points. -.ss ~s'.
Cotton was steady middling 5 9-16c; net
receipts 1302 bales; gross, 3,1S2 bales: sales,
1855 bales; stock, 102, 064 bales; exports to
continent 1899 bales.
Total today: Net receipts, So 627 bales;
exports to Great Britain 5S,5S2 bales to
France, 11,S3S bales; to the continent, 1926
bales; stock, 1,249, 232 bales.
Consolidated: Net receipts, 1872, 149 bales;
exports to Great Britain, 164,5SS bales; to
France, 27,904 bales: to the continent. $500
bales.
Total since September 1: Net receipts,
4.9O6174 bales; exports to Great Britain,
1,524,503 bales; to France, 294,226 bales; to
the continent 1,0636 bales.
New Orleans Cotton Market
New Orleans, December 1.-Cotton,
steady; sales. 1000; ordinary, 35sc; good
ordinary 3-16cs low middling, 9-16c; mid
ding. sc; good rniddling, 5 Slice; .middling
fair, &c; receipts, 10 .SGS; stock, 3S6 S74.
Consolidated statement: Receipts. net
S32. l49; exports to Great Britain. 1645SS;
France, 27,9o4; continent, 9SS09; stock, l.
2i9.232.
Cotton futures steady, December 1850
1885, January, 5.of; February. 5.O6q5.oS;
March, 5.1lq5. 12;s April, 5.16Q5.17; May, 5.22@
SIS; June 5.27d5.2s; July, 5.32@533; August,
5.326l5.34;. September, 531@532.
-. 3 Daiiv, Statement
Galyeston-Steady; middling size; sales,
113; receipts. 1903; stock, 1886, 57S.
Mobile-Steady; n1iddling, Be-; sales, 500;
receipts. 642; stock, 4O,623
& Savanna h-Qnfet; middling, 47sc sales
2ol; receipts, 4s79;' stock. 17965O.
charleston--Firm middling. 4 15-16c. bid
receipts. 1,43S: stock 1928.
iIr,,f,. yff,,,l- I1f,,,,.
100; receipts 4,724; stock, II ,637.
Norfolk Steady; middfng, SIC: Sales
1,o2S; receipts. 500; stock, 81 1893.
Baltimore Nominal middiing 5kc; re-
.ceipts. 1,072; stock, 15,S53.
Boston--Steady; middling. 9-16c; re-
ceipts. net, 1860 gross, 1898.
: phia--Quiet mddling. 1850;
receipts. 25 stock. 3,9i2.
Memphis-Sfeady; middling 8 3-l6c; sales
5,6O0 receipts, 5,711; stock 154,O9S.
Augusta-Firm; middling, 7-16c; sales,
$40; receipts, 1,456 stock, &c, 594.
-asssss Chicago Change
Chicago, December IAN almost total
absence of deliveries on December wheat
contract and heavy clearanees and sea-
board engagements gave wheat bulls today
the incentive they have been waiting for
to boost prices.
z Compared with yesterday, the final fig
ures show an advance of y to l cent Corn
advanced " to u cent; oats closed a shade
higher and provisions 219 to 10 cents high