The Birmingham age-herald., 1903-11-26
ADVANCE CHECKED
 BY LIQUIDATION After Loss Cotton is Rallied by
 Bull Support RULING IS FAIRLY STEADY Afternoon Advances Are Helped By Rather Small Estimates for Tomor- rows Receipts at Leading
 PointsSahd Fair Exports.
 
RULING IS FAIRLY STEADY

 : New York, November 25.-The cotton market opened al a declne of one point on December to an advance of two points and for time showed some further steadiness under moderate covering which was encouraged by the outlook for small CT receipts for the day. The advancing tendency was soon checked, however. by liquidation following the disappointing Liverpool cables, which just after the lo- cal opening were about a point worse than expected while the early weather reports indicated fairly favorable climatic con ditions over the belt.
 After showing a net loss of to points, the market was again rallied by a show of bull support, and a renewal of the local covering, but the market continued very quiet and the advance was interspersed by frequent though comparatively mar row reactions which imparted a very ir- regular look to the market. Generally speaking, however, the ruling was fairly steady and the market at the close was within point or so of the best of the session, with November net 12 points high CT and the other positions to points higher, Sales were estimated at 100000 bales. s,s ,s..sa s5.
 It.was very much of holiday market ali day, and trading was without special feature. The afternoon advance was help- ed by rather smaller estimates for sto- morrow's receipts at leading points. and falr exports Several crop estimates were published curing the day in the hope of forestalling the E1xerninent report early in the week without appreciable infiuefee on the market. The regular annual esti- mate"'of the New York cotton exchange members was issued after the close show Ing an average of 10724,0O0 bales The average estimate last year was 11,077, GOO bales. -,t
 Estimated receipts at the ports today, 51,26l bales, against 75,SS6 last week and 52,47S last year For the week 420 900 bales against 1887 last week and BOZ, $40 last year. Today's receipts at New Orleans were 2l,564 bales, against 21, ,121 last year, and at Houston 22,716 against SOS4 last year.
 New York, Nov. 25.-Cotton quiet, middling 11.3O; gross receipts, 4,7s1; sales, 2l0 stock, 70271 exports Great Britain, 1,003, continent, 50
 Total today at aAS seaports: Net re- ceiptse57,261 exports, Great Britain. 13,- 200; France, Si20O; continent, 15,S59; Mex ico, $50; stock, S74,96O.
 Consolidated at all seaports: Net re- ceipts S6,9S7;; exports GrGeat Britain, SO . 5S3; France, 29,9S7; continent, 96742; Japan, GA; Mexico. 1,350
 Total since September 1 at all seaports: Net receipts, S,54s,4l2; exports, Great Bri- tain, 1,037,S77; France, S50.022; continent, ,O06,S4S; Japan, 9,506; Mexico, 15,32S. r-.s 4----.
 The New Orleans Cotton Market.
 New Orleans, Nov. 25.--Spot cotton in. good demand at full prices. Sales, 465O bales, including $50 to arrive Quotations unchanged Futures opened steady and prices were 3 to 3 points lower In the trading December sold down to l084 and up to 10.96; January down to 1093 and up to 1l.07; March, down to LII and up to Il, ,24; May, down to 11.24 and up to 11.3s; and July down to 11.32 and up to IL 4S Bulls are still firm believers in short crop estimates and consider the IL GOO 0OO bale estimate as wide of the mark The market today was very quiet. Tomorrow will be a holiday and that ract had it's effect on trading. The near approach of the government crop estimates is having more and more of an effect on trading, as no one cares to operate heavily until they are out of the way, and there is no danger of disagreeable surprises From the highest figures of the day there was a recession of to points on the most active months, the list at the close show ing net gains of to points.
 New Orleans, November 25.-Cotton fu- lures firm. December, 10 93G10 94; Janu- ary, 11.03@11 .04 February, sl1 12@1t IA; March, 11.20@11 .21; April, Il 27@11 29; May. II 40.
 New Orleans, November 25.-Cotton steady. Sales, 465O; ordinary SEC; good ordinary 9 7-16c; low middling, 10 7-16e; middling, 10 13-16c; good middling, He; middling fair, 11ssc, Receipts, 21,564; stock 268 229.