The Birmingham age-herald., 1903-04-22
COTTON RULED
 RATHER STEADIER
Favorable Outlook for the New
 Crop is Expressed
LIVERPOOL WAS NO FACTOR
More Talk of Liquidation By the Pool Holdnqs-The Market Was Finally Steady to Slightly Higher
 on Late Positions.

New Y Ork, Apr1l Hl.--l ne NONeoh AAaos opened steady at unchanged prices to an advance of two points but after a brief interval of steadiness during which the late months showed relative firmness un- der covering, turned easier. The decline was due to renewed realizing and more or less general selling, based on favorable weather accounts and the expectation that the weekly statement of the bureau would reflect highly favorable outlook for the new crop. In addition to this as a selling motive the receipts for the day were heavy The outlook was for small exports while there was more talk con- corning the liquidation of the pool hold ings These factors brought about de- cline since the high point of last week proved attractive to shorts and there was considerable profit taking. The buy ing from this source was assisted some- what by fresh purchase for the long ac' count encouraged by the rather less fa- vorable weather report. The market ruled rather steadier during the balance of the session, though at times irregular and was finally very steady, net unchang- ed on the near months to four points higher on the late positions. Total sales, futures estimated. 10000 bales. Liver pool today was just about as expected and exerted little influence. Estimated receipts for tomorrow moderate and this helped the afternoon recovery.
 New York, April 21.-Cotton quiet; mid ding 10.S5, net receipts Il, gross 2522, sales 2s5, stock 5s,667 exports to Great Britain 100.
 Total today: Net receipts 1891, exports to Great Britain s7s, to the continent 100, stock 35S, 416
 Consolidated: Net receipts 55S57. exports to Great Britain 12,124, to the continent s55s.
 Total since September 1: Net receipts 7,26s, ,s64, exports to Great Britain 2,5S2, 496, to France 726, 7OO to the continent 2,69l,ls7.
 New orl.ans Cotton Market.
 New Orleans, April 21.-Spot cotton was in somewhat better demand today, though heavy receipts and an easier Liv- erpool market had the effect of keeping the local market quiet. Sales 22O0 pales' including 200 to arrive. The cotton ex- change committee revised quotations by reducing ordinary and good ordinary abc  and higher grades unchanged.
 Futures at the opening were l to noints lower and during the first hour of trading May, June, July and August declined to 10 points caused by heavy iouidation, which shook out many weak longs shorts covered heavily, and as of- ferings were not too free the market w soon sold out With the demand greater than offerings, prices under manipulation of the long element were soon on the upward grade, and this move ment continued to the close, when prices were at about the highest figures of the day. showing net gains of to points compared with yesterdays closing.
 New Orleans, April H.-Cotton futures steady; April 994 bid, May 10.0lq10 O3, June 10 .O4a1O. .06, July 10 .O6a1o 7.~August q .5ed9. .57. September S.S6@S.S7, October 8. 46a8. AT, November S.S4QS.36 December s. .34dS.55.
 New Orleans, April 21.-Cotton steady; sales 220O, ordinary Ills, good ordinary 9-16 low mfddling 9A, middling 10, good middling 10 7-16. middling fair 11h, re- ceipts 5S2S, stock loo25s.
 Daily Statement. Galyeston-Quiet; middling, 10cj sales, POO: receipts, S060; stock 51,62S
 Mobile-Nominal; middling, 99s receipts, 378; stock, 6S49.
 sayannah-Quiet; middling, s%; sales. 3s. receipts. 1859; stock, 46,527.
 Charleston-Dull; mddling, 10c; receipts, z; stock, 424S.
 Wilmington-Firm; mlddling, LUG; re- ceipts, 12; stock, 5317
 Norfolk-Dull; middling, 1O9s; sales, 3; receipts 1856; stock S251.
 Baltimore-Nominal; middling. 10%; re- ceipts, 549 stock 3s37. Boston--Holiday.
 Philadelphia-Quiet; middlng, lO6O; re- ceipts, 65; stock, 3026 St. Louis-Quiet: middling, 10c; receipts. 1464; stock, 16,996.
 Memphs-Quiet; middling, 13-16; sales, 800; receipts 261s; shipments, 2660; stock. S4 270.