The Birmingham age-herald., 1902-08-26
COTTON MARKET
 FIRM AND HIGHER Trade Overlooked Cable and
 Listened to Crop Reports BULLS TOOK STRONG LEAD
There Were a Few Very Slight Reac- tlons, But These Were Quickly Followed by Some Fresh Bull
 spurts and Higher Ruling.

marked improvement in the tone of the with prices 1 to points higher. this be- ing in direct contrast to the ruling of the English market, which was barely # to if higher, whereas rise of 21k points has been anticipated as response to Saturdays frmness here. The local trade, however. overlooked the cable news and was influenced by alarming crop reports from many parts of the belt, notably from Texas, where continued high tempera- ture and rapid deterioration surely did not indicate bumper yield. The central and eastern sections of the belt com plained of insufficient moisture. while the condition was said to be dropping off day by day with shedding and rust unusually sure Soon after the call the bull element, led by the Wall street operator so con spicuous for some time of late, bid the whole list higher giving special attention to the winter options.
 Liverpool was obliged to yield a little from its bearish ideas and at the close the market was firm and to points higher. Whereas Europe was an early seller here, late orders went to the bull side and helped to strengthen the mar ket. Fear of very unfavorable weekly crop report tomorrow and that next weeks condition statement by the bureau will show loss to below the figure for the same time last year undermined much short cotton. Many stop orders were reached on the late rise which carried January to S14. There were a few very slight reactions but these were quickly followed by fresh bull spurts and a high CT ruling of values than before. The mar ket at the close was firm and 10 to 19 points higher. Total sales were by far the largest in months, estimated at CO., 900 bales, of which the bulk was in the winter months. Private telegrams stated that New England spinners were free buyers of spot cotton in the south. where ideas were rapidly hardening.
 New York, August 25 = Cotton steady; middling Sc, gross receipts POST, sales 2O,- AIS. stock 72,z14, experts to the continent 51s9 to France 6.
 Total today; Net receipts TAO, exports to Great Britain 43S8 to France 6, to the continent 51s9 stock 1ss, 234
 Consolidated statement: Net receipts 1866, exports to Great Britain 10 407, to France 1227, to the continent 64S3
 
 7611,SS6, exports to Great Britain 3,022 105, to France 744,410, to the continent 2,S190S1
 New Orleans Market.
 New Orleans, August 25.-There was factor in determining the course Of spot cotton market today. Factors were putting out new lists and preparing to take advantage of the betterment in gen eral conditions. New crop receipts are 10 in Or fn AurIr In fIan orlra tr,tfa prominently and considerable portion of the sales now being made consist of new cotton. The sales were 750 bales, in- cluding 30 to arrive. Quotations advanced 1s On all grades Something like it's old time vigor was displayed during the fore noon today in the market for contracts and for the first time In weeks the influ- enee of the interior order trade was a factor in determining the caurse of values. Recently the market has been left pretty we'll to the tender mercies of the profe ssional element outside inves- tors keeping carefully beyond the danger line. But sentiment seems to be under going the process of specialization out side of the big markets now, and this morning the commission trade was fa- vored with quite a heavy run of orders from the country. The first call advance covered to 9 points, to which 2 to 8 points were subsequently added. Later Cn, unuer the pressure or Ieall2lfS sales, values worked off a few points. but soon thereafter there was another upward turn which left prices at the close 6 points higher on August and 13 to II points higher en the other months com pai ed with Saturdays closing prices.
 New Orleans, August 5.-Cotton fu- lures steady August S.5Od8 .54; Septem- Der S.18DS .19; October 7.99qS.00; Novem- Der S.1SdS .19. October 7.994S, Novem uary 7.96Q7.97; February 7.s7@7 e9; March 7.9SB7. .99
 New Orleans, August 25.-Cotton firm, sales 750. Ordinary 1-16; good ordinary 2 s-1e; low middling 1-16; middling sh; good middling s%; mlddling fair 9is. Re- ceipts 1551; actual stock 34,S08.
 Daily Statement.
 Gaiveston-Steady,m middling 8 7-16; sales 993; receipts 39O2; stock 9367.
 Mobile-Steady, middling 8h sales 100; receipts 317; stock S425.
 Savannah-Firm middling 3-16; sales 434; receipts 1912; stock 1o675.
 Charleston-Quiet. middling 3-16; re- ceipts 361; stock 941.
 Wilmington Firm; middling s%s re-