The Birmingham age-herald., 1903-10-27
COTTON MARKET
 Is ADVANCING Shorts Were in Bad Hole and
 Covered Rapidly OCTOBER GAINS A POINTS Realizing Was Encouraged By Heavy Movement and Warm Weather But But Additional News of Frost
 Kept Bulls Going.
OCTOBER GAINS A POINTS

Neu York October 26.-The cotton mar ket onened strong at an advance of 70 to AZ noints amid strong and active covering by shorts, who were evidently In sei''- panicky condition as the result or sen sational advance in Liverpool, ana reports of more or less general frosts' ranging from light to killing that were reporteu over the central and eastern belts between the closing of the market last Saturday and it's reopening this morning. octoper on the call sold at 1o.40, net gain oI A noints. or about $220 a contract, as compared with the last price of Saturday. December sold at l0.34, a net gain Of 5S points; January touched 10.2O; Marcn' 10. 20; May, 10 26, and July, l0.2l Natur- ally such gains as this brought out huge blocks of long cotton. but the demand from shorts was tremendous, and wmie prices slowly sagged down from the best point of the market until break or some % points on October and of from Il to II noints on the more active positions had been recorded the undertone all the time was strong and excited. The realizing was encouraged by the heavy movement and warm weather, but additional news of frost kept pouring in and the local bull leader kept on buying December and January, giving rise to all manner Of sen- sational rumors as to corner in the nearby positions. The market was in fact more active and more exciting than any that has been witnessed since the spec tacular developments accompanying the old bull campaign and shortly after mid day prices rallied up to the best levels of the session on the latter months, while October continued IS to 20 points under the high price of the morning At the best of the afternoon December sold at 10.35, January at 1925 May and March at 1925 and July at 10.27.
 All these prices later than January were new high records for the season. with the exception of March. The transactions for the day surpassed all previous re- cords, the total sales being estimated at 100000 bales over-crowding all of the blackboards and slates which have been provided for such cases, and ran over on pieces of cardboard making 1t next to im- possible at times to keep track of the course of the market.
 The market was finally steady with trading active, and prices net 26 to 34 points higher, this being reaction from the best of IS points on October and from 17 points on the later positions. Estimated receipts for tomorrow were very heavy. The southern spot market was more &C., tive and unchanged to ssc higher. Ex- ports for the day were 3862S bales.
 New York, October 26-Cotton steady; middling, 1O.45; net receipts, 30; gross IT, 056 sales, 2000; stock, 10,71s; Great Britain, SS17.
 Total today at all seaports: Net, 70536 Great Britain, 3305S; continent. 14,337; Mexico, 50; stock 542, 407.
 Consolidated at all seaports: Net, 11S.- 29O; Great Britain, 43.OO2; continent, 26.506 Japan, 1900; Mexico. 100.
 Total since September 1 at all seaports Net receipts, 1,6S1 ,944 Great Britain, 450,- S29: France 150S19: continent 467 949.