The Birmingham age-herald., 1903-11-20
DRIVE IF BEARS
 CAUSES THE LOSS Cotton Market Rules Irregular
 but Generally Strong REALIZING BEFORE CLOSE scaIpins Contingent Becomes Busy and Market Eases Off, Closing Net
 to IS Points Higher-sales
 of November Feature.
REALIZING BEFORE CLOSE

New York, November 19.-The cotton market opened firm at an advance of to Il points and following the call gained another point or two on covering and room buying, encouraged by the recov- cry in Liverpool, which at the hour of the local opening was little better than expected, rather smaller receipts than estimated, and the continued cold weather in the belt.
 Then it was observed that the big bull leaders were not supporting as aggres- sivey as expected and a little later the bears made a drive at the market, which, in connection with heavy realizing, caused net loss of to points. Follow ing this the market ruled irregular but generally strong on more aggressive buy ing by bull interests. reports that southern trading company had reduced their crop estimate to 100000 bales, de- spite the heavy receipts recently and pre- dictions for a decreasing movement which were backed up by estimates for tomor- rows leading points that were rather un- der the recent average, though still large as compared with last year. At any rate, prices in the middle of the afternoon showed net gain of IS to 25 points on the active months and room sentiment seem ed bullish. Just before the close there was heavy realizing by the scalplng con tingent and the market eased off, closing net to 13 points higher. Sales were esti- mated at 600,O00 bales.
 Beginning with an early estimate of 72,- 900 bales for the days port receipts, ideas were later reduced to the 53,O00 bale figure, and the actual receipts turned out still less than that, though well above last years figures.
 A feature of the afternoon market was the sale of 5000 bales of November in one block at nine points below December quotation. Private advices received from Texas indicate that the cold wave had done considerable damage and it seemed that the trade still expects bulish statement from the government in the early part of next month
 New York, November 19.-Cotton quiet and steady, 11.35; gross receipts, 3270; sales. 1200; stock, SS650 exports Great Bri- tain 2iS3; continent 1898.
 Total today at all seaports: Net re- ceipts, 51,174; exports Great Britain, 9S96; continent 23,674; Japan, BIS; stock, s75,921.
 Consolidated, at all seaports: Net re- ceipts, SS4247; exports Great Britain, H. S94; France, 52,6S2; continent. 125,5OO; Japan, 46S2.
 Total since September 1 at all seaports; Net receipts. 3,19497O exports Great Bri- tain 91S093; France, 319,504; continent, S75,- S36 Japan SS62; Mexico, 1997S
 The New OrIeana Cotton Market.
 New Orleans, November 19.-Cotton fu- lures steady November, 10.SS bid; De- cember 10.91M10.92; January, 109Sq1099; February, 11.03M11.04 March, 1i15Q11 16; April, 11.2s@1l.25; May. 11.3Od11.31; June, 11.35@11. 36; July, 11.29d11.31.
 New Orleans, November 19.-Cotton quiet and easy Sales, 245O Ordinary, Shc good ordinary g 7-16c; low midding, 10 7-16: middlng, 10 13-16; good middling, 11c; middlng fair, 11ssc. Receipts, 16,S72; stock, 252, $50.
 New Orleans. November 19.-Spot cotton quiet an easier with limited offerings and very little demand Sales 2i50 bales, including 1850 to arrive. Quotations 1-16c lower. Futures opened quiet with prices from to. points higher. The unpre- cedented cold weather for so early in the season was regarded as bullish feature and acted as a support to prices through out the morning. At times profit taking by room traders was heavy enough to cause wide declines The volume of trade was comparatively light. Some nervous ness was apparent, due to the coming bureau estimate of the crop and few op- orators traded except for a turn. It was like yesterday. a scaper's market, and the scalper did the greater part of the trading. In the operations of the morning December advanced points above yes terdays close to 1892 fell to 10.S0 and then advanced to 11.01; January gained points to 109s. fell to 10S7 and advanced to 11.O9; March gained points. 11.14 fell to 11.0S then advanced to 11.29. From the highest figures of the day prices fell off 10 to IA points. the market closing quiet. Net gains 6 to points.