The age-herald., 1901-12-16
SITUATION STRONG IN COTTON MARKET Great Inherent Strength Soon
 Manifest Itself SHORTS TAKE TO COVER Cold Wave in Southwest Gives Rise to Predictions for Light Move
 ment of the Crop
 Next Week.
SHORTS TAKE TO COVER

The cotton market opened easy with prices to 6 points lower under un- loading by smaller holders who were frightened into adopting this course by a break of to 3h points in Liverpool today and by another bad turn of the stock market. But almost immediately after the call unbiased room operators recognized great inherent strength in the market Covering was soon in active progress and new buying figured promi- netly. The appearance of an intensely cold wave In the Southwest and fore cast for very low temperatures in the central and eastern districts over Sum day gave rise to predictions for light movement of the crop next week. To- days receipts were not up to expecta- tions and estimates indicated very moder- ate arrivals on Monday. Wall Street, the South. the continent and American spinners were buyers on the first hour advance. Room bulls were untiring in their efforts to support the market and the bears were greatly disturbed by the unlocked for action of values which were soon even with last nights final bids, despite the weakness abroad and the unsatisfactory condition of the stock market. Trading was not specially active but reflected healthy speculative situa- tion.
 New York, December 14.-Cotton quiet; middling. S1z; net receipts, 174; gross re- ceipts. 3609: stock, 104,022.
 Total today: Net receipts, 43f2n; ex- ports to Great Britain 29,73O; Continent, 2,713; stock. S90,511.
 Consolidated: Net receipts, 43,929; ex- ports to Great Britain, 29, 730; Continent, 2713.
 Total since September l. Net receipts, 4035564 exports to Great Britain, 1,403,- 994; France, 362 393; Continent, 1,147,7l.
 New Orleans Cotton Market.
 New Orleans, December H-The cloudy weather interferred to some extent with the trading in spots; but nevertheless fairly good sales for a Saturday were re- ported. Total sales were 3300 bales, of which 2300 bales were from factors tables. The market was officially reported steady and unchanged. Middling Is still at 8 cents.
 The market for futures opened to 1 points higher and worked up another point or so. Realizing on a small scale then set in and the market was gradually depressed, losing to points. When Sec retary Hester's statement of the worlds visible supply, showing a considerable relative decrease under last year. was is- sued, the market steadied up and prices returned to about the opening level The market closed firm at a net advance of 1 point over yesterdays closing.
 New Orleans December A-Cotton steady; sales 3300; ordinary 9-16 good ordinary 71-16; low middling 7ss; mid ding &; good middling sA; middling fair B 11-16. Receipts 14,441; stock 314605.
 Consolidated statement: Receipts net 43929 exports Great Britain 29,730 con- tinent 2.713; stock S9,b11.
 New Orleans, December 14-Cotton fu- lures firm. December S.OSQS10; January 8.o4uo.05; February S.05dS.07; March 8.090 S.10; April S10Q812; May S.120S.13; June S.12@S.14; July S.13@S.15.
 Daily Statement.
 Galveston-Quiet; middling SIS; sales 350 receipts 12996; stock 24,S94.
 Mobne--Quiet; Middling 13-16; receipts 92S sales 100; stock 24,s94.
 Savannah-Quiet; middling 7%; sales S51; receipts 7535; stock 135.1os.
 Charleston-Steady; middling 7A; sales 200; receipts SIP; stock 23,5S5
 Wilmington--Firm; middling 7B re- ceipts 2073 stock 20,1s0.
 Norfolk-Steady; middling 8; sales ID; receipts 3454; stock 35,39S.
 Baltimore-Nominal middling sA; stock 10,7S9
 Boston-Quiet; middling sh; receipts net Al; gross BPS.
 Philadelphia-Quiet; middling SA; re- ceipts 1745; stock 1880.
 St. Louis-Firm; middling 8; sales 60; receipts 6115; stock 51,007.
 Memphis-Steady; middling 8; receipts 2so2; shipments 5425; sales 725: stock Ill., I'll.