The Birmingham age-herald., 1903-02-27
COTTON MARKET
 STRONG AT START Buying Carried Prices 10 to %
 Points Upward PROFIT TAKING FREQUENT Advance Was Partially the Result of Strong Liverpool Cables Before the
 New York opening-spot
 Cotton Also Higher.
PROFIT TAKING FREQUENT

New York, February 26.-The cotton market opened firm at an advance Of from : to F points and following the call, ruled very active and strong, under excited coV- ering by shorts and fresh purchases for the account of the local bull. clique. This buying carried prices to level Of 10 to 25 points above the closing prices of last night, the first four months on the speculative list all crossing the 1Oc mark. At the highest level February and March sold at 1Ol0; .O6 bid for April, and May reached 10. O.09. This level proved somewhat attractive as a basis for profit-talxing by the pool contingent, who had bought on the lower levels of yesterday, and there was considerable realizing, which carried prices back from ? to points. and the close was barely steady at net ad- vance of 10 to "A points. The advance was partially the result of the strong Liver pool cables before the local opening, while the English close was at an advance of 4h to 12 points. The spot cotton also was iiSnCl abiOdd1 U PSAAAtN3 sales reported of 10000 bales The strength at Liverpool was naturally att tributed very largely to manipulation from this side, but the continued small movement was also a potent influence. Port receipts for the day were but IT, 455 bales, this being a trifie below early estimates against actual receipts last year of "A, $50 bales. The estimates for tomor- row were also light and while this is attributed more to the condition of the roads and unfavorable weather than to approaching exhaustion, they nevertheless exert some effect on sentiment. There were some buying orders from European sources. The spot markets of the south were generally firm at unchanged prices to an advance of 3-16 cents, while the mar ket was marked up 20 points to 1925 for middling. Total sales futures estimated at 600,000 bales.
 New York February 26.-Cotton quiet; middling 1005; gross receipts iS64; sales 356; stock 125S55; exports to Grea. Britain 123; continent 2l4S; France 15O.
 Total today, net receipts 17,455; ex- ports to Great Britain 123; France 150; continent 734S; stock 82S,939.
 Consolidated net rece.pts 115.700. exports to Great Britain 6S, i25; France 2G0; con- tinent S8,464.
 Total since September 1, net receipts 6,543, ,030; exports to Great Britain 2,l02- 694; France 62s676; continent 22a3,25s.
 New Orl.ans Cotton Market.
 New Orleans, February 26-In the spot cotton market today the bullish senti- ment was not even tried by the restless ness of Liverpool Traders regarded the easier prices with a calm curiosity and held on. After hours yesterday the spot market showed great firmness and sev- era1 factors claimed to have sold cotton to English takers at their Uhe factors) own price This morning the weather interfered somewhat with spot trading, but what trading was done was at prices at least one-eighth above the prices of yesterday. Sales 10,20O bales, including 2s00 to arrive. Quotations advanced 3-16c on all grades.
 In the contract market the ring was forced into bidding and buying of the bulls Trading was on heavy scale. One and two hundred bale sales were regarded as trihes. One of t''e best known bulls in the city made a sensational bid for 100000 bales of July cotton at sos At the close the board showed net gains of 15 to 19 points on all positions.
 New Orleans, February 26.-Cotton fu- lures steady. February 990; March 9.9O@ 991 April g. .93@9. .95; May 9.97@9.9S; June 10m1002; July 10 .06@10.07; August 9.48@ 9.66 September S.96d9.s7; October S.549 8.56.
 New Orleans February 26.-Cotton firm; sales 10,3O0. Ordinary Sssc good ordinary S%e; low middling 9 5-16c; middling 9Sc; good middling 10 5-16c; middling fair 11c. receipts 3226; stock 312,b93.