The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-12-02
UPWARD TURN In
COTTON MARKET.
40
Closed Steady With Net Advance
10 and 10 Points
CABLES SHOW LIGHT CROP
Unsettled Condition Gave Way to Feel
ing of Great Confidence in Bull
Circles and Nervousness
Among the Shorts


the short contingent.
Tho market opened steady with an ad-
vance of to points around the opening
showing considerable strength on demand
from both sides, prompted mainly by bullish
cables from the English market and plenty
of evidence that the crop movement would
be very light. After going to points in
sympathy with a sudden down turn in Lv-
erpool the market recovered the loss and
scored marked additional advances on very
active general buying in which the foreign
element, southern interest and Wall street
figured conspicuously.
Rumors that the market was honey-eomb-
ed with stop loss orders for a small margin
today failed to undermine the confidence OF
room traders, or to instill courage In the
bear crowd which made practically no re-
sistanee to the onward rush of prices. Pd'i-
vate cables stated that the English market
had been advanced on a scare of shorts to
cover and heavy bull speculation, which in
turn had grown out of news from ques-
tionable sources to the effect that the crop
outlook for the season bid fair to reach less
than estimate s by members OF the various
cotton exchanges called for.
Further diminution in stocks abroad, nerv-
of meeting the supplies of raw materials
and reports from representatives in the belt
that holders of cotton were entertaining
most arbitrary ideas and refusing to sell
anything like last sale prices added to the
frmness in Liverpool.
The market closed steady at net ad-
vance of 10 to Is points. sD
New York, December 1.-Cotton was quiz
ct; mfddling, 3-16c net receipts, 291 bales;
gross receipts 1900 bales; Sales ZOo paieS'
stock, log, 034 bales
Total today: Net receipts, 25,SA bales;
exports to Great Britain, 6,549 bales; to the
continent, 1851 bales; stock, 9752W bales.
Consolidated statement: Net receipts.
225 416 bales; exports to Great britain, H'Sef
bales: to France, f7,794 lbales; TO the consi-
nen't, 81, 019 bales.
Total since September l: Net receipts,
3017,249 bales; exports to Great Britain,
1893 $50 bales to France, 344, 443 bales; to the
continent, S43,776 bales. ~
Comparative Statement.
New York, December 1.-The following Is
the comparative cotton statement for the
week ending Friday. December 1:
Net receipts at all United States
ports during week.. .......... 22oal6
Net receipts at all United States
ports same week last year. 3sZSso
Total receipts to this date. A7
Total receipts to same date last -,
year.. ...... ...... .s..'..'..'4'ooo'9SI
Eynorts for the week. .. ....... 2O3179
Exports for same week last year. 3ll,54o
Total exports to this date.... 1893. ,ls9
80 &C. eNp' ,s02 459
esfocl. al all limited States ports..... 975,206
san,e time last wear. .....1, 2so ssS
STOCK at all interior TOWNS. $50. 743, Oh
t;u,s last wear ............ 6S5,s7
stoc,r at Idyerpool, 49,. ......... Isl, 1000
e, year a. .. ....... ~. ....... $4,000
Stock of American afloat for Great
Rrita3n. -. go. 49,. -. 100000
Stock of American afoat for Great
Britain same time last year,. 44V,ooo
New Orleans Cotton Market
Nav Orleans. December 1-Cotton futures
steady. December 7.30 bid; January, 728@
7as: February, 7.s1@7S2: March. 7.4@7S5;
April. 7.35G737; May, 1901. 40; June. 74oW
"a. July, 7.42@7 "A; August, 7.26@7.29; Sep
TENDER, 6S4Q6.S8; October, 6.6996.73.
raily Statement
Galveston-Holiday; receipts, 1881; stocK'
232, 1853. - ON,
Mobile-Firm; middling, rs; saldS 900;
receipts 1O91; stock, 37,lA.
Sayannah-Quiet; middling, IA; sales, hz;
receipts, So; stock, 1855
Charles ton-Quiet middMns, '7s pio' ie
cetpts 9i6; stock, 50 1884.
Wilrniugton-Steady; middlng, 7as; re-
ceipts 2633; stock, 20,S7L ms.
Norfofk-Steady: mfddlingr "; saies' 4oo'
receipts, 1856; stock, &c ,536.
Baltimore-Nominal: middlng' A' fe
ceipts, 6179; stock, q, S53.
Boston-Holiday.
Standardization; middling, 8 LIS; re-
ceipts 1872; stock, 5,0l4. ,.
St Io,Tis-Firm; middling, 7 7-16 receipts,
10 1856; stock, 100, 152 o.,.,
MemphisFYrm; middling, 1~le; receip,s'
5,oo5; sales. 1000; shipments 4'o0o' s'o'A'
1872 1882.
IiverpooI Cotton Market
Liverpool, December L-cottoh. Tp oo3
fair demand prices unchangea TO ., 90 ooS.
higher: American middhng tar, M- 90
good middhng, 4 15-sad; m noaa nrdinarv'
s1-s9d. ordinary, 25-32d. The sales Oh tne
dav were 10000 bales. of which l,Ooo were
for speculation and export. ana lnciuueu
9 eO0 American. Receipts, 6,ooo paies' m
Guiding 5000 American. Futures opened
Steady and closed very steady at the adj
vance. American middling, d. M. ca ne,
cen,her Ala seller: Overwhelmingly, AL
mid: Ianuary-February, 4.09s; FEBRUARY
March. 4O8 seller; March April, 4ois' AprM-
May, 4O6s; May-June, 4o4q4'o puyei'
July.August, 408 seller; August-Septemper.
4 noSo4 N seller: September October, $500
357v. al
Talbot g. PaIruer's Cotton Letter
Rv Private Wire from L. De Gumeons q
Son.
New York, December 1.-The feeling at
the close was in favor of still higher prices,
and acting on this belief the stronger bulls
accumulated the offerings by apprehensive
holders. There was almost an entire alb
sence of short selling. Tomorrow's cables
are expected to show signal advances In
Liverpool inasmuch as the weekly figures
here fell below estimates and in view of the
pronounced strength manifested In the
south.
Cotton latter
(By Private Wire to T. @. Hewlett, Agentl
New York, December 1.-Liverpool has
shown considerable strength since our mar
ket adjourned last Wednesday, having ad-
vanced 1-16d ON both spots and futures,
with good spot business. This was quite
unexpected by our locals, hence our market