The Birmingham age-herald., 1903-04-17
COTTON MARKET
 REMAINS STEADY Prices Ruled Easier During the
 Entire Session
SPECULATION VERY QUIET
Declining Tendency Was Largely Due to Rumors Concerning Shipments of Cotton for Delivery on
 May and July Contracts.

New York, April 16.-The cotton market opened steady at unchanged prices to decline of points, and ruled generally easier during the entire session. Soon af- ter the call July advanced to points, and after midday short covering brought about slight advance. The market closed barely steady at within 1 point of the lowest and at declines of to points, Speculation was quiet during most of the day and seemed to consist almost entirely of professional operations, par taking of an evening up character The declining tendency was largely due to rumors concerning shipments of cotton to this point for delivery on May and July contracts. should such be required Nothing very definite developed along this line, but it was stated that some 20OO bales had already been shipped here from Liverpool with more to follow both from there and from Bremen in case of an- other advance. These reports were met with incredulity in some quarters but the bull clique seemed perfectly willing to allow prices to slide back, possibly to discourage shipments in this direction and
  short. Other news was not particularly important but had bearish average Port receipts were 9005 bales against SS6S last year. The weather conditions remain favorable. The Liverpool market acted about as expected, and was generally without influence. The southern spot mar kets are firmly held, but there is little business reported. Sales futures estimat- ed at 100000 bales.
 New York, April 16.-Cotton dull; mid ding, 105oc; net receipts. 1O4; gross re- ceipts, 239; sales, IT, stock. 579s4.
 Total today: Net receipts 9O05; exports to Great Britain, 342; exports to the con tinent, SEA; stock. S29O7S.
 Consolidated: Net receipts, 50,197; ex- ports to Great Britain, 109l4; exports to France, S1; exports to the continent, 20, 479.
 Total since September 1: Net receipts, 7210, AT; exports to Great Britain, g., 570, S72; exports to France, 726,7 TOO; exports to the continent, 267s,319.
 New Orleans Cotton Market.
 New Orleans, April 16-The spot cotton market was very quiet today. The of ferings were not large and factors were not disposed to make concessions to purchasers Sales, 1900 bales, including 600 to arrive. Quotations reduced 1-16c on all grades In the future market trading was light, the bulk of the busi- ness being in May July and October. Prices opened at a decline of 3 to points and later in the day as a result of un- loading on the part of weak longs prices eased off a few points more, finally clos ing with net losses of 9 to 10 points on April to July inclusive, and to points on the balance of the list.
 New Orleans, April 16.-Cotton futures steady; April 10c bid; May, 10.01d10.02 June, 10. 1O01013; July. 10.14@10 .15; Au- gust, 9.6069.61; September, S.79d8 80; October, S.3SdS. .39 November s.24d8 .26; December S.25@S.26.
 New Orleans. April 16.-Cotton easy; sales, 1900. Ordinary, 8 5-16c; good ordi- nary. 1S-16c; low middlng, 7-16c; mid ding, 1o1sc; good middling, 10 9-16c; mid ding fair. 11Ac; receipts, 3S7O; stock, 145,- 5S8