The Birmingham age-herald., 1903-12-02
REALIZING ON THE
 INITIAL ADVANCE Great Activity and Excitement
 in Cotton Market TONE IS VERY IRREGULAR New York Bull Leader Buys Aeeress- iveiy All the Afternoon, While
 There Is Also Buying at
 New Orleans.
TONE IS VERY IRREGULAR

New York, December 1.-The cotton market opened strong at an advance of P to 1s points, on sensationally stronger cables, more bullish predictions regarding the probable showing of the census bu- reau report expected tomorrow at noon, which will show the amount of cotton ginned to date, and estimate the probable amount remaining to be ginned; firm ad vices from the southern spot markets and a belief that there was still a con- siderable short interest in the market likely to cover before the bureau report. Before the opening, sentiment was very bullish and excited, brokers were pre- dieting F cents for cotton before the day was over.
 On the initial advance, however, which was attended by great activity and ex- citement, there was heavy realizing by bull operators who were apparently re- ducng their lines, possibly with the in- ton of getting into a better position for again supporting prices in case of decline, and this was heavy enough to ease prices off few points But, at once, there was another rush of covering and buying orders that seemed to come from all points of the compass and started prices upward. and before midday De- cember was selling at 11.65; January, 1175; March, us7; May, 11.S6 and July 11.S7. After this fluctuations were very irregu- lar First, realizing would bring about a partial reaction, then the market would be rallied again, selling within a point or two of the previous high ievel
 The local bull leader bought aggressive ly all the afternoon, taking large amounts of March, while there also was buying by New Orleans bull interests, and dur ing the entire session the market showed a good firm undertone
 The close was down several points from the best, but was steady at a net advance of Is to % points. Sales were about a million bales. Receipts for the day were full, and the estimates for to- morrow's movement had a full average, but speculation is centered on the proba- ble showing of the census report and other factors have lithe immediate infiu- ence, particularly in view of the CT ntin- ued firmness of spot markets and reports of increased activity among buyers Tor New England spinners.
 Cotton receipts at ports today, T4693 bales, against 103,SS4 last .yeek. and 56171 last year; for the week, 36OOOO, against BIT, 693 last week and 32601 last year. troday's receipts at New Orleans were 15,602 bales, against 19,914 last year. and at Houston, 19,179 bales, against 12,164 last year.
 New York, December 1.-Cotton quiet; middling Ii .95c; net receipts, ITO; gross receipts. 1882; sales, 1S, 700; stock, 67,399.
 Total today at all seaports Net re- ceipts, 74.693; exports to Great Britain, 40 5S9 exports to France 1856; exports to the continent, 16525 stock, S56,765.
 Consolidated at all seaports: Net re- ceipts. 214,174; exports to Great Britain. 7S,06O; exports to France, 5S,7S1; exports to the continent, 75,954 exports to Japan, 1547.
 Total since September 1 at all seaports: Net receipts, 3,S50635; exports to Great Britain, 1123, 1859; exports to France, 427, 435; exports to the continent 1,110.5S2; ex- ports to Japan, 11,579; exports to Mexico, 1532S