The Birmingham age-herald., 1902-11-12
COTTON PRICES
 0N A. T0BOGGAN
Steady Decline Continued Al
 During the Session
RESULT OF LIQUIDATION
Weakness Yesterday Was Scarcely to Be Accounted for By the More Le- atimate Influences, Which De-
 veoped No New Phases.

New York, November 1.-The cotton market opened easy at decline of to points and ruled generally weak. At one time there was a loss of 10 to 15 points apparent. The market was finally steady at decline of to 12 points. The weak ness in cotton today was scarcely to be accounted for by the more legitimate in- fluences which developed no new phases that were more bearish than heretofore apparent The decline in prices was more directly the result of continued liquidation under the force of stop-loss orders, There was. on the other hand, no evidence of substantial support, the market depending on covering for buy CTS. The liquidation of long accounts was said to include a heavy New Orleans in- terest which sold in the local market Crop accounts continued generally favor able, with temperatures ranging from A to 72 degrees in the cotton belt. The local market was weakened by a revised and | increased crop estimate by a Memphis prognosticator of note who Is now figur- ing upon crop of Il, ,700 900 bales. The de- cline In cotton has now been something like a cent, and local sentiment reflects some disposition to buy on the theory of a reaction from this point. As a rule, however, local sentiment remains bear ish, the generally favorable climatic conditions for maturing the top crop off, setting all other considerations in the local mind.
 New York. November 11.-Cotton quiet; middling S.3O, net receipts 50, gross re- ceipts 5417, sales 574, stock 6S,1s2
 Total today: Net receipts at all ports 69,046 exports to Great Britain 23053, to France S599, to the continent 9375, stock TIA, ASA.
 Consolidated statement Net receipts 171.S56, exports to Great Britain 56,440. to France S599, to the continent 31, ,7S0.
 Total since September 1: Net receipts 2,76l,7S4. exports to Great Britain 77499O. to France 2l0,46S to the continent S5l, ,3S6.
 New Orleano Market.
 New Orleans, November 11-Factors were offering spot cotton freely and pre- senting a large and tempting assortment of grades and styles from which to make selections and evinced great willingness to make further moderate concessions in order to induce purchasers. But buyers seemed in no hurry to trade. Bids as rule were a good 1sc under board figures and only such lists were purchased as could be had under especially favorable terms Sales 7050 bales, including 1850 to arrive. Quotations unchanged. Trading in contracts for future delivery was fairly active. On the first call prices were to 4 points down, caused by unfavorable ca- bles. After the first call prices fiuctuated sharply until the second call, when the board showed losses of to no points At this level slight improvement set in, the list at the close showing net losses of to points.
 New Orleans, November n-Cotton fu- lures steady. November, 7.5S@762; De- cember, 7.66@z67; January, 7.7O@7.71; Feb ruary, 7.72Q773; March, 779@7.S0; April, 7.S1Q7.s3; May, 7S3@7.S4; June. 7.S5Q7s7; July, 7S7Q7S9.
 New Orleans, November 11.-Cotton IT, regular; sales 7050 bales. Ordinary 7-16; good ordinary, 15-16 low middling, 7A middling, 7-11-16; good middling, Sc; mid ding fair S5s Receips 21,9O2; stock, 260.- Oil.