The age-herald., 1902-02-06
COTTON STEADY
 1 ID 5 POINTS UP Light Buying and Supporting
 Orders from South. WALL STREET WAS QUIET Chief Influences at Work Were Firm Liverpool Gables, Small Movement at Ports and Interior Towns.
 The Close Was Steady.
WALL STREET WAS QUIET

New York. February 5. The cotton market opened steady in tone. with prices l to points higher, and continued to work slowly upward during the rest of the first hour on rather nervous demand from room shorts. light speculative buy ing and supporting orders from the South. Spot cotton interests endeavored to undo hedge sales in March and made purchases in the spot market.
 This option demand developed relatively greater strength than the rest of the list, reaching within one point of May at one time, whereas but a short time ago the difference was matter of seven to eight points. The chief influences at work were firm Liverpool cables. 8 small move ment at the ports and interior towns, in- creasing strength of Southern spot mar kets and predictions that the receipts during the rest of the month would fall short of those for the same time last year each day. Europe, New Orleans and Wall street were quiet buyers on the rise, while the commission contingent sold to secure profits Toward midday the market eased off trife under a Hull AAA OhNSiAS 5uPpNIL anu uIlucT TOOtI S6lllnR for a few points reaction. But later in the day the whole list rallied on small official estimates for tomorrow's New Orleans and Houston receipts. Again of hcial reports from Southern spot mar kets portrayed f1rmer ruling of senti- ment among holders, who in nearly all instances demanded 1-16 to Mc higher prices. Opening market quotations were unchanged to 1sc higher with domestic spinners said to be in active competition with exporters for supplies. Orders to buy were sent from New York, but at even 1-16c advance only a portion of the amounts needed were secured. As against an advance of fouc points in May ard July the best prices of the day gave rise of seven points in February and six points in March. The market was finally steady, with prices net two to six points higher.
 New York, February 5.-Cotton steady 5-16c; net receipts 736, gross receipts 7O02. sales 6S0, stock 121, 425 exports to Great Britain 5232, to the continent 100. Total today: Net receipts 20 40S exports to Great Britain 5232. to the continent Il, ,442, stock S7410O.
 Consolidated statement: Net receipts S1, ,691, exports to Great Britain 25512, to France 14,70S, to the continent 2S,S87.
 Total since September 1: Net receipts 5,952,152 exports to Great Britain 2,265, ,116 to France 537,29S, to the continent HTS, ,725.
 New Orleans Cotton Market.
 New Orleans, February 5.-There was a good demand for spot cotton today, and factors were asking higher prices. Sales 6100 bales, including 600 to arrive. Quota tions advanced 1-16 on all grades. An im- provement in Liverpool caused the future market to open frmer, with prices to 8 points above yesterdays closing. Light estimated port receipts, together with predictions of bad weather throughout the cotton belt, added to the generally bullish sentiment. A number of buying orders appeared in the market which slowly worked to a higher level in spite of hedge sales and some realizing. There was very little done outside of March, May and July, these months being quite active. At the close the market showed net gains of 2 points on February. 8 on March, on August and on the other positions.
 New Orleans. February 5.-Cotton steady; sales 61Oo; ordinary 61k: good or dinary I; low middling 79-16; middling 7B; good middling 3-16; middling fair | 83s; receipts 4179; stock 349, 664.
 Consolidated: Net receipts s1, ,691; exports to Great Britain 25512; to France 14, 700; to the continent 28,Ss7; stock STA. 100. | New Orleans, February 5.-Cotton fu- lures steady; February 788 bid; March | 797, ,79S; April S03Q8.05; May S.09@S 10; June 8134S.14; July 8.18QS .19; August &. @S.OS.