The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1902-12-11
COTTON MARKET
ON UPWARD SCALE
Demand Steadily Improved as
the Day Advanced.
SHORTS WERE IN A FEVER
Buying Was From All Glasses, Notably
On Account of New England
splnners, the Western Grain
Crop and the South.
SHORTS WERE IN A FEVER

New York, December 10.-The cotton
market opened steady at unchanged
prices to an advance of points. This
proved to be the lowest level of the ses-
sion Subsequent business was upon
steadily upward scale, with the advance
finally matter of to 7 points and the
close steady, at net rise Of to points.
The frmness continued practically to the
close of the session. Demand improved
as the day advanced. The higher ruling
of prices started in better cables than
expected and was accelerated by indica-
tions of continued small receipts and gen.
orally firm spot markets Following the
opening call receipts and generally firm
spot markets. Following the opening call
there was feverish demand from shorts
on indications of very light receipts at
Houston and small estimates from other
points of accumulation. Wall street be-
came a factor, giving preference to March
and May, while the public demand In
general was for these months and also
for July and August. Considerable In
vestment developed on the ground that
there had been exaggeration to the car
shortage subject especially as to the ex-
tras. Private cavles from Liverpool In
dicated a growing uneasiness In conse-
quense of the smallness Of the move
ment The demand today was from all
classes of buyers, notably on account Of
New England spinners, the western grain
crop and the south. The market closed
with an upward tendency. The total sales
of futures estimated at 100000 bales.
New York. December 10.-Cotton quiet;
middling $50; net receipts 23S; gross re-
ceipts 1879; sales s1e: stock 132, 5s1: ex-
ports continent BOO.
Total today at all seaportsi Net re-.
celpts DC, 17O exports Great Britain 26,55S;
continent 5000; stock 1,076,9S5.
Consolidated at all seaports: Net re-
ceipts 1856, $780, exports Great Britain 107,
222; continent 55156
Total since September 1 at all seaports:
Net receipts 4,0S7, 434; exports Great Bril-
tain 1,2O7,033; France soS,S24; continent
1,203,795.
New Orleans Cotton Market.
New Orleans, December 10.-There was
some improvement today in the spot cot
ton market and few fair-sized lists
changed hands. Factors are holding their
stocks firmly and asking full board fig
ures. Sales, $500 bales, including 800 to
arrive Quotations advanced Lice. The
market for contracts was decidedly dull
At the opening prices were point down
and thereafter gradually developed bet
ter tone, prices moving up slowly, show
ing net gains at the close Of points on
December and points on the other posi-
lions.
New Orleans, December 10.-Cotton fu-
lures steady. December, 7.9Sd7.99; Janu-
airy, s.079s.OS; February, s.11@8.13; March.
S.17@S1S; April, 8.21Q823; May, S2SUo24;
June, S.26q8.2S; July, 829aS.30; August,
S.0S9811.
New Orleans, December 10-Cotton firm;
sales. $500; ordinary, SIC; good ordinary.
TIC; low middling, 9-16; middling, 1-16;
good middling, SIk middling fair, S-16;
receipts, 24,399; stock 371,945.