The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-03-07
First Call Developed Presence of
Many Buying Orders.
LIVERPOOL PRICES WENT UP
Said to Be Due to Reaction by Neill
in His Crop Estimate-Scram-
BILE to Cover Short
e Contracts.


furry in cotton when business opened
presence of a good many buying orders
from the south and also In the hands of
houses here with foreign connections
The advance in futures at Liverpool and
the increased spot sales there were said to
be due to a reaction by Neill in his crop
estimate. While the local traders were
disposed to disparage Neills figures on
their merits they were not disposed to dis
regard their effect ON the foreigners and
there was quite scramble to cover short
contracts, which lasted some time after the
opening. On the call prices advanced to
points and further improved to points.
The buying was stimulated by very unfa-
vorable reports from the cotton belt regard
ing the effects of bad weather. The firm
ness was still further increased by indica-
tons of an abrupt falling off in the move
ment. Still another element o. firmness
was the statement from Washington to the
effect that the Ohio river was rising. On
this account the market had generally firm
undertone throughout the session. Profit
taking, however, became a feature in the
afternoon and the market eased off little.
ANiSNoSlS POAilSo " liupIONSu WSdlucl
conditions in the south and there were con-
Trajectory rumors affoat regarding Neilrs
crop position, some being to the effect that
he has not reduced his estimate and that
he has no intention of doing so. Local
prejudice in the afternoon took some
what bearish turn, but neither longs nor
shorts had positive convictions and it be-
came a wedge market. The market was
finally quiet and steady to points net
higher. 8
Cotton, steady; middling, 9-16; net re-
ceipts, Al; gross 2,777; sales, 2525; stock,
11z,703 export to continent, 653.
Total today: Net receipts, Is, 1854; exports
to Great Britain, II 1851; to France, 2,224; to
continent, 1873; stock, 751 ATS.
Consolidated: Net receipts, 53,712; exports
to Great Britain, 23,603; to France, 224; to
continent, 12444. s~s q
Total since September 1: Net receiptst
7,22S. 2S5; exports to Great Britain, 3,0192A
to France, 636 ,34S; to continent, 222i, 72S5 4.
New Orleans Cotton Market 8 :
New Orleans, March Cotton steadyt
ordinary 7-16; good ordinary, s.; low MIDI
ding, SIS; middling, 61s; good midd9ing,
Lie; middling fair, S-16; receipts, s;556;
stock, 356, AIS. y -
Consolidated: Receipts net, 35,712; ex-
ports to Great Britain, 2S,6OS France, 1924;
continent, 12,144. Stock, 1.47S. z.usfs.;- 81
New Orleans, March 6.-Cotton futures.
steady; March, 505q5.96; April 5.9o@5g6;
May, 5.9S@5s9; July, 6.Oi@6o3; July. 6.oa@
6.O4; August, 5.9S@5.99; September, 5.S7a5SS;
October, 5S7@5.SS; November, 5.SS@5.S9 De-
cember, 5.S9l5. 81. ff
ts,iiy statement
Galveston-Quet and steady; middling,
SIC; receipts, 1851 bales; stock, SO, 667.
Mobile-Firm; middling, 57sc; sales, TO-
0lD bales. receiDtS | 465. stock % 272
Savannah-F'irm; midding, SIC; sales, III
bales receipts, 1874 bales stock, 1888.
Charleston-Firm; middling, 57sc bid; re-
ceipts 1893 bales; stock, Al, $780,
Wilmington-Frm; middling, &c; receipts,
225 bales; stock, 1885,
Norfolk-Firm; middling. SIC; sales, 1iS
bales; receipts, 1884; stock, 1920.
MISUNDERSTANDING; middling, 6lsc; re-
ceipts, $40 bales; stock, 21,517
Boston-Quiet; middling, 9-16c; receipts,
net, All bales; gross, 1850.
phia-Firm; middHng, 6 13-16c; re-
ceipts, 126 bales; stock, $40.
Memphis-Steady; middling, Sic; receipts
4,606 bales; stock, S2,97S.
Enthusiastically; middling, $780, receipts
1872 bales; stock, 50 S25.
Cotton Letter
By Leased Wire to T. G. Hewlett, Agent.
Birmingham, March 6.-Cotton in Liver
pool was much stronger than in this mar
ket in the face of Neill's estimate that the
crop is unchanged, owing to his advices
that picking is progressing favorably and
the roads improving gradually. NeilIs es-
innate expects receipts will be larger next
month. Today's features were buying for
Liverpool undoing straddles and also some
southern buying.
Longs have been prominent Selling of
outside speculation is very moderate.