The Birmingham age-herald., 1903-12-29
COTTON MARKET
 HAS WILD SESSION With Flying Start Prices Ad-
 vance AS to 59 Points RECEIPTS ARE FALLING OFF Adding to the Excitement and Con fusion It Was Reported That New
 Orleans Bulls Had Formed a
 Powerful Combination.
RECEIPTS ARE FALLING OFF

New York, December 2S-The cotton market opened strong at an advance of 9 to 51 points, on excited covering and fur ther bull support, following sensationally higher cables. The developments in Liv- erpool proved a genuine surprise to the local trade and from the very start the market ruled abruptly wild and irregular. After the opening there was a set back of 10 to 10 points under realizing and dur ing the forenoon the market ruled very ir- regular within a few points of that level, but in the early afternoon prices were again sharply rallied by fresh influence of buying orders from New Orleans and all the months reached still higher prices, the highest in many year, with January selling at 13.SSc, March at 141Sc, May at 142ec and July at 1427c. Adding to the extraordinary excitement and confusion it was reported that New Orleans bulls had formed a powerful speculative combina- tion and had set out to gain control of the remainder of the crop if necessary with the idea of demanding prices from the worlds spinners for the balance of the season. Such rumors as this in the al- ready excited state of popular sentiment, joined to reports from all over the south that interior spot handlers were having difficulty to secure supplies either as result of approaching exhaustion or the bullishness of the holders, completely overshadowed apprehensions as to the far eastern situation and the probable at- titude of mills in respect to this latest advice.
 The bullshness of sentiment was also encouraged by the big falling off in inte- rior receipts when the full movement to the ports was concluded to mean nothing more than continued export demand though exports for the day were small. Southern spot markets were generally firm to half cent higher and the New York spot market was marked up to 1410c for middling uplands The advance in spot cotton in Liverpool was equal to 56 American points and the strength in fut ures there was variously ascribed to cov- ering buying by continental and Egyptian operations and manipulation by the New Orleans bull contingent. Toward the close there was enough realizing to drop prices a point or two but the list was finally firm net IS to 59 points higher. Sales were es- timated at 1,200 900 bales.
 Receipts at the ports today 56,S75 bales against 55,350 last week and 39.9S2 last year.
 For the week 25OO00 bales against 254,- 266 last week and 301, 113 last year. To- days receipts at New Orleans 23,15S bales against 151, S4S last year.
 New York, December 2s-Cotton quiet; middling 4.1O; gross receipts, 1925; sales, 400; stock. 76942; exports to Great Brit ian. 153; to the continent, 1850
 Total today at all seaports: Net receipts, 56,S75; exports to Great Britain, 653; to France, 6015; to the continent, 1899; stock, 971, 733.
 Consolidated at all seaports: Net re- ceipts, Ss.S12; exports to Great Britain, 653; to France, 170O6; to the continent, 12,477; to Mexico, 1241.
 Total since September 1 at all seaports: Net receipts, 5,O25291 exports to Great Britain, i, 461 ,567; to France, 513,260; to the continent, 15S6,953; to Japan, 2l,S94; to Mexico IS, A.