The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-08-30
New Orleans Market.

New Orleans August 29.-Spot cotton
is in good demand, but prices are still
ruling in buyers favor. Most of the cot
ton now exposed on factors tables will
grade good middling. hence buyers in
search of lower grades have some trouble
in securing desirable lists. Sales 100
bales including 400 to arrive. The cotton
exchange committee reduced quotations
Is on all grades.
Although the future market was less
active today than for the past two days,
| there was considerable activity displayed
by operators at the ringside, the greater
part of the trading being in October. De-
cember January and March. The bulls
appeared once more to hold vantage
ground in the battle for points and dur
ing the first part of the day values were
worked up Il to 1900 in both American
markets, and that in face of a Liverpool
lower by 2-64d to 3-64d than yesterday 8
closing record. The contention of the
long element seemed to have been that
the recent rains in various portions Of
the belt, instead of having proven bene-
fetal to the plant were really a detriment
to its further development and producing
capacity; the Idea being that the precip-
itation upon hot, sun-baked fields served
merely as scald. Unwilling to carry
their loads over the holidays, leaving the
market at the close 3 to points above
yesterdays closing figures.
Note-All exchanges closed until Tues
day morning.
New Orleans August 2e.-cotton fu-
lures barely steady. August nominal:
September 1928; October s.13@s.14; Novem-
Der s.1Oas.l2; December 8.11GS.12: January
S12a8.13; February s13gS.15 March S.13@
SIS.
New Orleans, August 29-Cotton steady;
sales HOO. Ordinary 1-l6; good ordinary
1916; low middling s1-16; middling s1A;
good middling So; middling fair sh. Re-
ceipts 2l1s; stock 81. 4s4.
Daily Statement
Galveston-Quiet and steady; midding
s-1e; sales 1922; receipts 1882; stock u.s.
TIT.
Mobile-Easy; middling 81; sales 50;
ceipts 112; stock 1913.
\ Savannah-Steady middling Sss; sales
$50; receipts PASS; stock 1856.
( Charleston-Quiet: middiing 81; re-
ceipts 1126; stock 27o1
Wilmington-Firm middling B1h; re-
ceipts 277; stock 3291.-
Norfolk-S st eady; middling ~; sales 10;
receipts 423 stock actual 1901.
Baltifnore-Nominal; midding 9h; re-
ceipts 22s; stock 10o0..
Boston-Steadys middling g.; gross re-
ceipts 20. Sg
Philadelphia-steady; middling 9A; re-
ceipts q stock 22S0.
ST. Louis-Steady; middling s GIG; re-
ceipts los; stock lila
Memphis, August 2s.-Cotton closed
quiet and steady. Middling 81; sales 25
receipts s4' shipments -; stock 7s45.
Liverpool Market.
Liverpool. August 29.--Cotton-spot
small business; prices unchanged. Amer
lean middiing 1920; sales of ethe day
were $1,000 bales Of which 800 were for
speculation and export and included 1900
American.
Futures opened quiet and closed
steady American middling e. o. c. Au-
gust 4.5494.55 sellers; August-Septembe
44s sellers; observation-disclosures 4.se SELL
ers; October November 433 sellers; No
vember-December 40 sellers; December
January 42Sd429 sellers; January Feb
ruary 4.2S buyers; February-Ma 427@
4.2S sellers; March-April Az buyers;
April-May AT buyers.