The Birmingham age-herald., 1903-11-08
COTTON MARKET
 VERY IRREGULAR Opened at Decline Under Liqui-
 dation by Longs NET ADVANCE AT CLOSE Sales Were 5oo,ooo Bales, the Largest for Any Saturday on Record-There Was Heav. Covering Imme-
 dately After the Call
NET ADVANCE AT CLOSE

New York. November 7.-Infiuenced by tine weather. heavy receipts and lower cables, the cotton market opened weak at decline of to IA points under lidu- dation by ,ongs. who were also arpre~ hensive that the report of the census bureau due slightly after the opening, would either prove less bullish than ex- pected or fail to affect the market which has recently advanced nearly cent and half on short crop talk. Immediately after the call, however. there was heavy covering and prices before the Issuance of the report had regained 3 or of their Initial loss. On receipt of the report the market dropped to 10.93 for December, l093; for January, 10.91, and .s3 for May, but was almost at once eased off under Heavy realizing. IAe trade here seemed to place bullish significance on the re- port
 After sagging back about points, the market was rallied again by active cov-s ering and a showing of bull support, though it was evident a tremendous amount of long cotton was for sale. Not withstanding this, prices reached the highest Of the season.
 The market closed slightly below the best, but strong at a net advance of F to 20 points. The sales were 5e00OO bales, the largest for any Saturday on record.
 Estimated receipts of cotton at the ports today were 60,00O bales against 74,630 last wek, and 133 last year. For the week f00.O00 bales against 412 217 last week, and B46,5SS last year.
 Iodays receipts at New Orleans were
 -, against 16,949 last year; at Houston i6S45 bales against I, 600 last year
 New York, November 7.-Cotton steady. Mlddiing, 1.15c; gross receipts, 11.441 sales, 2O3; stock S0 641
 Total today at all seaports; Net re- ceipts, and consolidated 65 AT: exports to Great Britain, S2, 775; exports to the continent, 2695S; exports to Mexico, 400; stock, 649, ,192
 Iotal since September 1 at all seaposts: Net receipts 2,440 351 exports to Great Britain, 726917 exports to France, 24O,O5s; exports to the continent, 673.477; exports to Japan, 36S0 exports to Mexico, 13,9
 The New Orleans Cotton Market.
 New Orleans, November 7.--In the spot cotton market the demand was good, but the offerings were very limited. factors generally asking from 1s6DAc above yes- teruay prices. Sales, 5000 bales, includ- Ing, 300 to arrive. Quotations 3-16c high CT Futures at the opening were to Il points lower, but on the reading of the census bureaus ginneries report showing shortage of nearly two and a quarter million of bales compared with last sea- son, prices immediately began an up- ward flight which carried November to lO.I2, December to 10.S1, January to 10 s9. March to Il. .05, May to Il. 20 and July to ll.37. At these figures prominent bulls advised profit taking and the liquidation checked the upward movement and caused loss of 1 to 2 points on the ac- tive months Although the operations for half day were heavy, the market closed very firm, the net gains being from F to H points
 New Orleans, November 7.-Cotton fu- lures firm. November, 10. 726I10.74; De- cember, 10.S0@10S1; January 10.S7010 .SS; February, 10.94@10.9 96; March, 1103d11 .O4; April 11.0S@1110 May, 11.19a11 2l June, Il 23@11.25; July Il. .35@1137.
 New Orleans, November 7.-Cotton firm; sales, 5000; ordinary, 15-16c; good ordi- nary, 94c low middling, l0Ac; middling 1oSsc good mddling 10 13-16c; middling fair, Il 3-16c; receipts. 126O3; stock, l4s,- 0S2.