The age-herald., 1902-01-31
BUSINESS WAS EXTREMELY NARROW Cotton Opened Steady With
 Prices TwoPoints Up WIRES STILL PROSTRATED Whole Situation Seems to Be Stand off, With scaIpers Even Re.
 uctant to Make Stand
 On Either Side.
WIRES STILL PRoSTRATED

New York, January S0.-The cotton market opened steady two points higher and for the rest of the hour barely changed one point Business was extre- mely narrow and the market was with out special feature of interest. As an offset to rather large port receipts the Liverpool cables were a shade better than expected having recovered 1 to points before our market opened. The shorts were not inclined to place any particular stress in sharp drop In in- terior receipts, nor were the bulls In a mood to attempt using the decrease there noted, in view of the fact, that for three days an unusually severe rain and sleet storm has ragged over practically the en- tire belt Belief that strong bull in terest with headquarters in Wall Street stoody ready to support the market on any drop to S.1O for May and that prom inent spot cotton interests of New York and Philadelphia were prepared to sell freely on every advance to S.2O for that option served to check prospective in- vestors from re-entering the markets for the present. The official reports from Southern spot markets was without fea- ture and private information from the belt was without new phase. Tn fact the whole situation for the time seemed to be stand-off with scalpers even reluct- ant to make positive stand on either side. A slight furry of the general buy ing was started toward midday when Houston issued a very small estimate for tomorrow's receipts but at noon New Orleans sent out an estimate which full ly offset the Houston low figures. The light room selling sent prices off trihe at the close. The close was steady with prices net two points higher to two points lower.
 New York, January 3o-Cotton quiet; middling 1-4c, net receipts 1349, gross receipts 3S13, stock 11S396, exports to Great Britain 365. to the continent 75s, to France 225.
 Total today: Net receipts 43,oS4, exports to Great Britain 1882, to France 225, to the continent 15,3S2 stock 1S7,254
 Consolidated statement: Net receipts 16l,S S1o exports to Great Britain 1O7, ,11s, to France 14.132, to the continent 99, ,T06.
 Total since September l: Net receipts 5,S27 ,414, exports to Great Britain 2,239, ,340, to France 542, ,S40, to the continent 1,733, ,36S.
 New Orleans Cotton Market.
 New Orleans, January 30-There was good demand for spot cotton today, but buyers were demanding slight conces- sions which factors met in some cases. The sales were 5050, including 76O to ar- rive. Quotations on middling and lower grades reduced 1-16c.
 The future market was very dull. On the first call prices were about the same as last nights closing. After the call prices held steady with scarcely any change until the light Houston estimate was posted, when the market jumped up to points. Latter in the day the weak ness in spots caused an easier feeling in the future market. All the previous ad- vance was lost and the market closed quiet and unchanged to 1 point lower on the active months. March closed at 7.91Q 7.92 and May at S.01QS.02.
 New Orleans, January 3o.-Cotton was steady; sales 5O5; ordinary 7-16c, good ordinary 615-16c, low middling 1-2c, middling 713-16c, good middling 1-Sc, 342, ,0S9.
 Consolidated statement: Net receipts 161 ,S1O, exports to Great Britain 107,119, to France 14,132, to the continent 99, 706 stock S7S,274.
 New Orleans, January SO-Cotton-Fu- lures quiet January 7.S1c asked. Febru-
 
 I. 7.s46D7. .96c, May s.0l@S. .02c, June S.o4@S. O6c, July S.09@8.10c, August 7.S5c bid. Daily Statement
 Galveston-Firm; middling. 77sc; sales, 1918; receipts, 7569; stock. 19297O Mobile-Quiet; middling. l3-16c; sales. 300; receipts 961: stock 32,575.
 Savannah--Quiet; middling, 13-16c; sales, 223; receipts. 2O5S; stock, S5.444 Charleston-Quiet; middling, 1S-16c; sales. 50; receipts 267; stock, 442.
 Wilmington-Firm; middling, 7hc; re- ceipts, 3O5; stock. 25,33O.
 Norfolk-Steady; middling, ' 15-16c; sales SIS; receipts, 1908; stock, 43,552.
 Baltimore-Nominal; middling, sAc; re- ceipts, 1S05; stock, 11,840.
 Boston-Quite; middling, SAc; net re- ceipts. 232; gross receipts, 5731.
 Philadelphia-Quiet; middling. s1sc; re- ceipts. 5: stock, 8s72.
 St. Leuis-Steady; middling. 7%c; sales, 1000; receipts, 2301; stock, $500.
 Memphis-Quiet; middling, T@c; sales. 5000; receipts. 11ss; shipments, 144s; stock. 1Os, 652.