The Birmingham age-herald., 1903-04-15
COTTON MARKET
 UP AND DOWN Cables Were a Factor in the
 Weakness NEW CROP MONTHS QUIET Speculation Was Slightly More Activ. at Close, But Largely Professional. Future Sales Were Estimated
 at soo,ooo Bales.
NEW CROP MONTHS QUIET

New York. April 14-The cotton market opened steady at decline of points to an advance of 1 point under disappoint- ing cables and liquidation, but almost im- mediately turned stronger as a result of fresh purchases of May by the bull lead CTS and of further covering of shorts The action of the bull pool in forcing this level was apparently for the purpose of securing a better selling level, for when May reached 10. 60 and July 1O17, the mar ket broke sharply under heavy liquida- tion, which was apparently chiefly for this account The decline was encouraged by the liberal receipts for the day, which turned out 13, 239 bales against 12,S44 bales last year and by the rather bearsh com parisons afforded by the interior move ment. The later cables from Liverpool also were a factor in the weakness. In order to conform with the New York clos ing of last night Liverpool this morning was due to come about II to l5 points higher, instead of which opening price they were only to points higher, and the close was at an advance of but 20 S1a points. Still after a decline of about 99l2 points on the active old crop posi- tions, the market was again rallied by the clique, who seemed to be operating for the purpose of scalplng fractional profits. On this advance prices were marked up 10 points on May, and then followed fresh wave of selling again, led by the bull party, which carried prices rapidly downward. This decline received a slight check during the first part of the last hour, due to room covering, but was quickly resumed and the market was finally steady at a net decline of 56D 2S points, that level being within a point Of the lowest for May and July. As has been the case recently, the new crop months were generally quiet, attention being centered on the May and July de- velopments. Speculation today was slight ly more active, sales of futures being estimated at 100000 bales, but remained largely professional.
 New York, April 14.-Cotton quiet; mid ding 1050; net receipts 122; gross 1871: stock 5I01S; exports Great Britain 242; continent 1924; France 19
 Total today, net receipts 1S 239; exports Great Britain S915; France 19; continent 1124; stock 3293S7
 Consolidated, net receipts SO,976; ex- ports Great Britain 10,572; France 31; con tnent S243.
 Total since September l. net receipts 71S2,253; exports Great Britain 2570,030; France 726,700; continent 2,667 0S3.
 New Orl.ans Cotton Market New Orleans, April 14.-In the spot cot ton market the tone was quiet and trad ing was limited as factors refused to make concessions to the purchasing ele- ment. Sales, 2700 bales, including 25O to arrive. Quotations unchanged. In futures the fluctuations were rapid and sufficient ly large to make it interesting for all traders. The opening prices were to 3 points below yesterdays closing May opened points down at 10S1, and then advanced 9 points until it sold points above the closing of yesterday. Toward noon 1t was points below the closing and Il points below the highest level of in the other active months At the close 13 points on the old crop, and to points on the new crcp positions.
 New Orleans, April 14.-Futures barely steady; April 10.l0, May TO- 23Q1O.24, June 10. 24d10 26, July 10 26a10. 27, September s S.S4dS, S5. October S.4O@S.41, November S.2S@S. 29, December S.29@5S. .29.
 New Orleans, April 14-Cotton quiet and steady; sales 27O0; ordinary sac, good ordinary S7sc low middlng 9ihc. middling 10 S-16c, good middling 1O5sc, mid ding fair Il 5-l6c nominal; receipts 54O6, stock 140 GAS.