The age-herald., 1902-05-08
COTTON CLOSED
 LITTLE UNSTEADY Opened Steady With Prices 2
 to 3 Points Higher. BEARS WERE AGGRESSIVE Southern Accounts Became a Feature and Shorts Turned for Cover
 and Operators Shifted to
 the Bull Side.
BEARS WERE AGGRESSIVE

New York, May 1.-The cotton market opened steady, with prices 2 to points lower in response to poor Liverpool ca bles and bearish crop accounts from the South. There were few supporting orders in evidence and the bears were inclined to be aggressive soon after the call. July was forced down to 9.23 and August to 9.O6. The New Orleans market gave no signs of working higher and commission houses appeared in selling mood When least expected Liverpool took turn for the better and active buying for South ern and Western accounts became a feat ure. Shorts turned for cover and room operators shifted to the bull side for a sharp rise As the market improved the demand from outside interests increased until July had rallied Is points to 9.3S. At this level leadipg houses figured as lib- eral sellers, being influenced by large es inmates for tomorrow's receipts and fa- vorable weather forecasts. July sold off to 9.30. later rallying to 9.35 on bullish Southern spot market news. For the rest of the day prices followed see-saw movement, leading tc ports that promi- rent interests were manipulating prices for small turns August advanced to 91S. dropped back to 9.10, worked up to 9.lo, then off to 9.0S, again to 9.12 ana then to lower. The total sales were estimated at 9.07 The close was barely steady, with prices net 5 points higher to points lower. The total sales were estimated at 250, GOO bales.
 New York, May 7.-Cotton quiet, sac net receipts 120, gross receipts SS6, sales 267 stock 197 7161 exports to the continent 200.
 Total today: Net receipts 9003 exports to the continent 450, stock 539,SO5.
 Consolidated statement: Net receipts 3S. .44s. exports to Great Britain 4,432 to the continent 23,00S
 Total since September 1: Net receipts 7,25994O, exports to Great Britain 2'eSS o54' to France 6327, to the continent -'4l4'-o-'
 New Urieans Cotton Market.
 New Orleans, May 7.-In the spot cot ton market factors report some improve ment in the demand which resulted In sales of 450 bales, including 900 to arrive. Quotations unchanged. After an opening that was from unchanged to about points under the last figures Of Tuesday there came a steady recovery and prices went forward at healthy strides The market was a forward one almost rom the first trading. May went to gam or T points over Tuesdays closing while July gained 13 and August 10 points. These were the top figures of the day and they held firmly until after the 12:3O call when the market gave way under realizing sales The decline continued to the close when the board showed about the lowest figures of the day. Compared with yes terday's closing May lost 4 points, Au- gust B. October 8, November and Decem- Der 4 each, while June, July and septem- Der were unchanged
 New Orleans May 7.-Cotton futures ouiet and steady May, 9.50d9.53; June, 9. .5569. .57; July 9.63Q964; August, 9.134 914: September, S.59@S.60; October, S.lou S.11; November, 799@S December, 7'99 as. .01.
 New Orleans. May 7.-Cotton steady; sales, 2450 Ordinary, 8ssc; good ordinary, 8Mc; low middling SAC; middling, 99sc; good middling, 15-16c middling fair, 101bc receipts, 1859; stock, 1Sl,521.
 Daily Statement.
 alveston-Quiet and steady; middling, e-1ec: receipts 2354; stock, A. 792.
 Mobile-Firm; middling, 9ss; sales, 200; receipts, 127; stock 9S99.
 Savannah-Steady; middling, 97sc; re- ceipts, 1142; stock, 2O,S7O.
 Charleston-Quiet and nominal mid ding, sssc: receipts, 25; stock, 1925.
 Wilmington7Quiet; middling, 9hc; re- ceipts, 32; stock, 16,S1O.
 Norfolk-Nominal; middling, SAC; re- ceipts. 369; st ock, 26117
 Raltimore-Nominal; middling, soc; re- ceipts, 375; stock, 11S54.
 Boston-Quiet; middling, 9Ssc; net re- ceipts. 2o5; gross receipts, 551.
 Philadelphia-Steady; middling, 1oc; re- ceipts. ITO; stock, 2l29.
 St. Louis-Firm; middling 93sc; receipts 1884; stock, S4.S3S.
 Memphis-Steady and unchanged; mid ding. 5-16c; sales 700; receipts, 9l9; shipments, ,57; stock, 3S.1S5.
 Liverpool Market.
 Liverpool. May 2. - Moderate business in spot cotton; prices 1-16d higher; Amer