The Birmingham age-herald., 1903-02-26
COTTON MARKET
 SOMEWHAT WEAK Falling Off Is Ascribed to Con-
 tinued Liquidation, BULL CLIQUE QUITE ACTIVE Estimates for Tomorrows' Receipts at Leading Points Being Light Also Had Tendency to Restrict Sell.
 lng-Reaction at Close.
 
BULL CLIQUE QUITE ACTIVE

New York, February 25.-The cotton market opened weak at a decline of [ to Il points and following the call eased off another point or so under renewed liquidation and some selling for the short account, which had it's incentive in the easier tone of the Liverpool market, which at the time of the local opening was 2lk to points lower, whereas par tial decline of point was due on the New York close of yesterday. The weakness abroad was generally ascribed to con- tinued liquidation in that market by the Egyptian interests who have been prom inent in the recent advance. The declin- ing tendency was of but short duration, however. Receipts for the day were lighter than last year by some S,3O0 bales, and while immediate climatic conditions were favorable to the movement, the roads are reported bad in many sections leading to expectations that the light movement will prove factor for some days to come. The estimates for some morrow's receipts at leading points being light, also has a tendency to restrict sell ing and the bull clique were active sup porters of the market at the lower level. Their buying drew attention to the fact that the New York stocks are now down to 128,297 bales running count, against 162, ,472 bales on February 1, and the total exports from all points today were large, amounting to 47.451 bales, leading to ap- prehensions as to the situation in respect ] to May contracts and causing fresh cov- ering by shorts This demand gave way to a momentary reaction in the mid afternoon, but the market at the close was firm, net points lower to points higher.
 New York. February 25.--Cotton steady; middling 1905; net receipts 103; gross re- ceipts 3,S33; sales 600; stock 125,694; ex- port to Great Britain 1882; continent l. 563
 Total at all seaports-Net receipts 19.- 723; Great Britain 27, 432; continent S177 stock S25,5S4
 Consolidated at all seaports-Net re- ceipts 9S,245; exports to Great Britain 68,0O2; France 10 continent S1.2l6
 Total since September 1-Receipts net 6,525, ,575: exports to Great Britain 2,095,- 056; France 62S, 426; continent 2246 llO.
 New Orleans, February 25.-Infiuenced by the decline in Liverpool and unfavor- able weather for the inspection of sam ples, the market for spot cotton was very quiet today. Factors are still holding their stocks at full board prices, while buyers, encouraged by the conditions of the Liv- erpool market are filling only imperative orders, hoping eventually to obtain the staple on easier terms. Sales 2500 bales including 800 to arrive and 300 on f. O. b.. terms Quotations unchanged. In the fu- ture market prices at the opening were 1O612 points lower. Later in the forenoon | the bulls, after a vigorous rally, forced l prices up to near Mondays closing fig- ures.
 l New Orleans. February 2.-Cotton fu- lures firm: February 9.75 bid, March 9.75. April 9.7S@9.79. June 9.S4d9 S6. July s.Ss@ l 9.S9, August 9.47@9. 4s. September s.79@ S.S0, October s. .42Q8. .43.
 New Orleans. February 25.-Cotton steady; sales 25OO; ordinary 3-16, good ordinary 11-16, low mlddling SIS. mid- ding 11-16. good middlng 101s. middling | fair 10 1916, receipts 4536, stock 312 667.
 Galveston-Firm; middling 9s4c sales 1947 receipts 503S, stock 213,0ls.
 Mobile--Quiet; niddling 1l-16, sales 800,
 receipts S5S, stock 14,055.
 l Savannah-Frm; middling sss, sales 15s,
 receipts 1902. stock 79973. | Charleston-Firm middling 9-16 re- I ceipts 29s, stock 1104S.
 l Wlmington-Firm; middling 9ss, receipts | 1925 stock 11,238. | Norfolk-Firnl mddling 9Ss, sales 36s receipts 2349, stock 31. 1.969.
 Batimore-Nominal; middling 10, stock | 52G0 receipts 1869.
 Boston--Steady; middling 10.05, net re-
 ceipts 1864. gross 2614.
 Phladelphia-Steady; middling 1o stock
 5eSS
 St. Louis-Steady: middling 9N, sales
 170, receipts 2722, stock 27,76o.
 Memphis-Firm middlng 9ss sales 1900, receipts 1790, shipments 3165 stock 64170