The age-herald., 1902-03-21
BEAR SELLING AND LIQUIDATION Cotton Opened Lower and Un- der Tremendous Pressure WHOLE LIST FELL OFF On the Break Room Shorts Took Profits and Conservative Traders
 Bought on the Reaction The
 ory-cIosed Quiet.
WHOLE LIST FELL OFF

ANCn IOiht D.-1n6 marKeI opened steady with prices easy to 8 points lower and during the rest of the morning was weak under tremendous liquidation and bear selling. A prominent commission house. believed to be acting for Western longs, sold out between 4o.- 900 and 5000 bales of July within fifteen minutes under which that option broke from S.S6 to S.S0. The rest of the list went of In proportion through March and Ap- Til continued to hold firm relation to the latter months on scattering demand from spot cotton interests. Disappointing En- glish market news started the selling movement through the recent tired ap- pearance of the market, undoubteoly prompted the precipitate liquidation for Western account. On the break room shorts took profits and conservative trad CTS bought on the reaction theory. Yet public buying did not figure as a feature at the lowest prices the extent expected While July later ra..-e 10 886 the mar ket failed to display positive strength and was very sensitive to selling orders from any quarter. Light port receipts for the day and light estimates for to- morrow's New Orleans and Houston re- ceipts received but passing notice. Nor did clearances for export, which reaches several thousands bales more than the total port receipts. Modified estimates for the weeks insight were equally unpopu- lar and left sentiment bearish At the close the market was quiet and steady with prices unchanged to points lower Total sales were estimated at 25 GOO haIes
 New York, March 20.-Cotton quiet: middling SAC; net receipts 654 bales; gross receipts 662 bales; sales 1126 bales; stock 1H667 bales; export Great Britain 50 bales; continent 1O59 bales
 Total today: Net receipts 17103 bales; exports Great Britain 12. 431 bales; conti- nent S967 bales; stock 724, 766 bales
 Consolidated: Net receipts 87, 4o9 bales; exports Great Britain s3, 4S6 bales; conti- nent 375s9 bales.
 Total since September 1: Net receipts 6,795.269 bales; exports Great Britain D. 64o391 bales; France $40, 7s5 bales conti- nent 2,159 4s7 bales.
 New Orleans Cotton Market
 New Orleans. La., March 20.-The spot cotton market was active at full board prices. Sales 1900 bales, including 2100 to arrive Quotations unchanged. The market for future delivery of cotton was very quiet. Liverpool showed a slight loss, but reported big demand at the decline. New York was down and first figures locally were all the way from 1 to 6 points under the closing level of Wednesday. There came a temporary rally just after the opening and most of the loss was wiped out. There was noth- ing approaching activity at any time and the trading was purely of a professional character. The market closed net even to l point lower.
 New Orleans, La., March 2o.-Cotton steady; sales 1900 bales Ordinary 5-16c; good ordinary ' 13-16c; low middling 8 3-16c; middling 8 9-16c; good middling 8 15-16c; middling fair 11-16c. Receipts 3S43 bales; stock 300.904 bales.
 New Orleans La., March 2o.-Cotton fu- lures quiet and steady. March s.55aS. 5S; April S.61@S.63; May s.72G8 73; June s.77@ 879; July 8839S.S4 August S.6768. 6S; Sep tember S.19Gs.21; October 7.97@79S.
 Daily Statement.
 Galveston-Steady; middling 5-7c, sales 74S, receipts 3294, stock 106.935.
 Mobile-Nominal; middling 11-16c, re- ceipts g. stock B. 983.
 Savannah-Quiet; middling SAC, sales 108 receipts PITS, stock 48, 564.
 Charleston - Firm; mfddling S$c, re- ceipts 2, stock 2369
 Wilmington-Firm; middling SEC, re- ceipts IF, stock S4T.
 Norfolk-Steady; middling S&c, sales 173 receipts S65, stock 34691.
 Baltimcre-Nominal; middling s1sc. re- ceipts 4S2 stock 12,S43.
 Boston-Quiet middling 9hc, receipts 1191 net 2S11 gross.
 Philadelphia-Quiet and steady; mid ding 9ssc, receipts 211, stock 1856.
 St. Louis-Easier; middling SEC, sales 235O, receipts 210S, stock 46,s42
 Memphis-Steady; middling S5sc sales 1900, receipts 2sSO, shipments 1887. stock 73524