The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1902-04-09
SHORTS SCARED
BY BULLISH NEWS
Preparations for New Crop
Were Further Retarded
WALL STREET BUYING MAY
Heavy Public Speculation Failed to
Make Its Appearance and the
Market Fell Into
Narrow Rut.

New York, April S.-The cotton mar
ket opened steady points higher to
point lower and the advance then advanc-
ed sharply on small scare of shorts who
were frightened by bullish spot market
news from the South, reports that another
severe rain storm covered the belt so
that preparations for the new crop were
further retarded, and by claims that de-
mand for cotton goods here and In Man
chester was more active Wall street and
well known local export house were
active buyers of the May options, while
rooms bears bought July and August con-
tracts. Then came a sharp decline in the
whole list to S.SS for July under weak
late cables from the English market
which created feeling of distrust among
small holders here. Prospects Of light
port receipts and of very bullish semi
weekly statement by the superintendent
of the exchange subsequently rallied the
market which at noon became n-m with
Wall street and commission houses vigor-
Gus buyers of the summer month. Re
ports that some of New York's cotton
was to be exported and staten ents to the
effect that very little of the Southern
stocks at leading towns remained unsold,
helped to strengthen bull convictions. Yet
healthy public speculation failed to make
its appearance and for the rest OF the
day the market followed a rather mar
row rut with the close quiet and net
point higher to 8 points lower.
The estimates for tomorrows New Or
leans and Houston receipts were larger
than expected
New York. April Section quiet; mid
ding, 8 3-16c; net receipts, 410; gross re-
ceipts, 1857: sales, 100; stock, 1883; ex-
ports to Great Britain, ne; exports to
the continent, 1880.
Total today: Net receipts, s721; exports
to Great Britain, 776; exports to the con-
tinent, 645S; stock, 649O75.
Consolidated: Net receipts, 32,311; ex-
ports to Great Britain, IL, 701; exports to
the continent, 9OS.
Total since September 4: Net receipts,
$500, O07; exports to Great Britain, 2,749,-
922; exports to France, 1914, 607; exports TO
the continent, 2,273,s6s.
New Orleans Cotton Market.
New Orleans, April s.-The demand for
spot cotton Is fairly active at full prices.
Sales, 800 bales, including 1900 to arrive
Quotations revised ali BTaoeS peioW hiu-
ding fair advanced 1-16c.
The market for the future delivery OF
cotton showed little change and business
was of a very moderate volume. After
opening 1 to 2 points under yesterday
closing there came temporary buying
reaction that brought about an advance
of points from the first figures. This
was maintained for time when lack OF
interest brought about sag that took
the price level about to Mondays figures.
At this level there was bolt and with
a pronounced undertone of strength the
market held well up to the closing hour,
when prices were net even to l point be-
low yesterdays closing figures
New Orleans, April S.--Cotton futures
steady April SSOQs.s3; May s.S5qS.S6;
June 8.s0Qs 90; July 8.9e@s.97; August s.s4
@S.S5; September 8.24gS.25; october 5000
SOL.
New orleans, April s-Cotton steady,
quotations revised; sales 300. Ordinary
75A; good ordinary sh; low midding Sh;
middling sh; good middling 3-16; mid
ding fair 1916 Receipts 267S; stock 2H,-
913
Daily Statement.
Galyeston-Steady; mddling 1875;
sales 1858; receipts 1907; stock S5,342.
Mobile-Firm; middling So: sales 100;
receipts 8; stock 1888.
Sayannah-Steady; middling S% sales
124; receipts 1871; stock F522
Charleston-Quiet; middling 81; receipts
60; stock 136is-
Wilmington-Firm middling 8%; receipts