The Birmingham age-herald., 1903-12-03
GREAT EXCITEMENT IN COTTON MARKET The Noise and Confusion are
 Beyond Description BUYING MOVEMENT HEAVY  Big Longs Sell Heavily at Every op- portunity and March Goes Up to
 Within 3 Points of the
 12c Mark.
 
BUYING MOVEMENT HEAVY

New York, December 1.-The cotton market opened firm at an advance of to 1s points and ruled more active and excit- ed than during any session since the spec tacuIar days of last July. Attention was centered entirely on the ginner's report due at midday. and ordinary market fac tors were barely noticed. Liverpool which had been rather lower than due had ral- lied and joined in the general excitement while New Orleans opened firm and high CT under a repetition apparently of the re- cent tactics of the bull pool in that mar kct today, who were bidding today for large blocks all along the line.
 Locally, the noise and confusion were beyond description. Brokers were push ing and crowdng one another to reach the ring and everybody almost seemed to be buying cotton except the big longs, who sold very heavily at every opportu- nity Notwithstanding these offerings, the initial burst of covering and buying for outside account carried the market up to a net advance of 13 to 19 points, with March selling within three points of the F cent mark. Then covering became slightly less pressing and realizing con tinuing, the market eased off slightly with the noon bid about to points net high CT. At this level the market received the report of the census bureau, which fell absolutely flat. The trade had been ex- pecting an estimate of the amount of cot ton remaining to be ginned but was dis appointed in this respect, and there was also at first some misunderstanding as to whether bales were commercial or 800 pounds Without the estimate of cotton still to be ginned, the report had no trust worthy clue to the probable crop and first prices after the reading of the report were practically unchanged from the 12 o'clock bids.
 After this there was a decline under realizing, and at one time the market was net to points lower on the active months. Leading bull interests were good buyers on the decline however, protesting their confidence in a bullish crop estimate tomorrow, and the market was rallied. During the balance of the session 1t ruled rather irregular but very steady. and closed very steady. net unchanged to 6 points higher
 Sales were estimated at 100000 bales. The weather over the belt was rather un- settled and port receipts fell below esti- mates, with exports rather light, and esti- mates for tomorows receipts at leading points heavy on the average.
 cotton recelptS at the ports tOudy, Oo,JJS bales against 57, ,454 last week, and 5S,950 last year. For the week, 360,000 bales against 377,693 last week, and 326,01 last year. Today's receipts at New Orleans were 1885 bales against 29,247 last year, and at Houston 21,621 against 77s2 last year.
 New York, December 2.-Cotton steady; middling. II .95c; gross receipts, 7977; sales, 3562; stock, 67,7ss; exports to the continent 617.
 Total today at all seaports: Net receipts 53 3,99S; exports to Great Britain, S326; ex- ports to the continent, S719; stock, SS3,- 525.
 Consolidated at all seaports: Net re- ceipts, 26s.172; exports to Great Britain, S6,3S6; exports to France, 5s,7S1: exports to the continent, S4673; exports to Japan 1547
 Total since September l at all seaports Net receipts, 39O4633; exports to Great Britain, 1,131, ,635; exports to France. 427,- 1855; exports to the continent, 1,119,251; ex- ports to Japan, 11,579; exports to Mexico, 15, ,328.