The Birmingham age-herald., 1903-12-05
GREAT DEMAND IN. TIE COTTON MARKET Active Liquidation Fails to Send
 Prices Down BULL LEADER IS A BUYER Figures Are Forced Up In Jsrky and Irregular Way Until the Highest
 Point of the Day Is
 Reached.

New York, December 1.-The cotton market opened firm at an advance of 6 to 2s points following cables that were even better than expected, indicating ap- parentIy that the English trade was in- clined to put quite as bullish an interpre- tation on the governments report as did local operators yesterday, and 1t seemed that locally popular sentiment took no less bulish view of the situation as result of further consideration.
 At any rate. there was a tremendous de- mand in the smarket from the very start, and while at first 1t looked as though the exceedingly active liquidation that was being indulged in might depress prices, every decline was promptly followed by another upturn. Shortly after the open ing prices at one time showed net de- cline of about to 10 points on the ac- tive months, with December selling at 12.25, January at 12.S4, March 12.45, May 12.45 and July at l2.4s.
 Almost at once however, the local bull leader began buying all along the line shorts continued covering and prices were forced up in a very jerky, irregular sort of way, until the highest point, which was shortly after midday, showed a net gain of IA to 21 points, with January sell ing around 126o. March 127S, May 12.n and July 127e.
 These were new prices for the season. Ddrin. the upward progress or the mar lxet 1t was reported that the local bull leader was feeding out his holdings to certain Wall street shorts around l2.D for March, and that he turned buyer t,.id ka huf when prices had reached the high level mentioned, re- ports of private settlements were circu- lated and with the trade feeling that the short interest had perhaps been pretty we'll eliminated, the tone became snght- ly easier, and the realizing heavier, so that during the balance of the session the market showed a somewhat sagging tendency, though there was another spurt of A point or two at the close, with the market finally very steady, not one point higher on April but generally to points higher on other positions Saies were estimated at 100000 bales. But little attention was paid regular inilu- ences
 Receipts were about equal to last year figures and exports were very heavy, With the southern spot markets firm, nomnal- ly unchanged to 34e higher. The New York spot market was 20 points higher, with sales 330O bales, including 30O to spinners. The insight movement Tor the week was just about as estimated carrier and about 12,0OO bales over last years figures.
 New York, December 4.-Cotton steady; middling, 12 .s5c; net receipts, 1l25; gross receipts, 5957; sales, 3300;. stock, 6IlH; ex- ports to the continent, 26OS.
 Total today at all seaports: Net receipts, B. 7s1; exports to Great Britain 55 4S2 ex- ports to France, 10,146; exports to the continent, 1960S; stock, S5S976 Consolidated at all seaports: Net re- ceipts, 369, GA; exports to Great Britain 165 O4O; exports to France 6s,957; exports to the continent. 11O.s05; exports to Japan, 1547
 Total since September 1 at all seaports: Net receipts, 4O60,015; exports to Great Britain, 1.210 339; exports to France, 43f- ell; exports to the continent, 1,145.S3l; eX- ports to Japan, 11,579; exports to Mexico, 15 32S