The Birmingham age-herald., 1903-01-16
COTTON MARKET
 WAS VERY ACTIVE Opened Firm and Soon DeVeI-
 oped Great Strength SHORTS ACTIVE BUYERS Movement of Cotton Has Been So Small and Consumption So Heavy That Operations on the Long
 Side Have Increased.
SHORTS ACTIVE BUYERS

New York, January 15.-The cotton market opened firm at an advance of to points and developed great activity and strength. Shorts were active buyers. It Is claimed that leading bear operators covered freely during the session. Sell ing to secure profits supplied most of the demand which was very great from all sources and finally closed the market firm at about the best level of the ses- sion, the net advance being ' to points. At the best prices today, the market was above the point at which the leader or the late bull movement announced his change to 0 bearish view on the ground that the strong statistical position of cot ton had already been over-discounted' Since that time, however, the movement of cotton has been so small and the con sumption so heavy that renewed opera tions on the long side of the account have steadily advanced the speculative schedule, while the demand from spinners and exporters has been such as to keep the spot level at a point showing prem ium over the future list at New York, a phase of the situation attracting heavy speculative demand towards thls center. The total transactions in futures today reached about 4LJ,O00 bales representing the most active market of recent times. The local contingent bought quite free ly this afternoon, the expectation being of full response by Liverpool tomorrow on the ground that the English market of late has been c little two far off from our own. According to private cables the strength at Liverpool ,ay was partly accounted for by the reported destruction of 15,OO0 bales of cotton by fire.
 New York, January 15.-Cotton steady; middling, soc; net receipts, 3S0; gross re- eeipts 3472; sales, 10, 100 stock, l6l,792; eX- ports to the continent, 1655.
 Total today at all seaports: Net re- ceipts 36 067; exports to Great Britain, 9791; exports to France, 6S27; exports to the continent, lO,023; stock 1072,lS5. Consolidated at all seaports: Net re- ceipts, 1S9 SSS exports to Great Britain, 62, GUS; exports to Fran :, l3,492; eXports to the continent 75. 407.
 Total since September 1 at all seaports: Net receipts, 5,4OS, 799; exports to Great Britain, 1,6SO, 435; exports to France, 46S'- S4S; exports to the continent, 1,7l5,741.
 New Orlsans Cotton Market.
 New Orleans, January 15.-Spot cotton continues active. The sales now Delns made are only to a limited extent on or ders from the other side. Liverpool shows some improvement, based upon light re- ceipts at ports and a better condition Of affairs in the East Indian trade, but transatlantic spinners are fairly well pro- vided with stocks and are taking on but little additional surplus. Sales S5o0 bales, including 1250 to arrive. Quotations IS i. higher. The trading in futures today was moderate in volume. The trend Of prices however, was decidedly favorable to the longs. Liverpool showed a gain of 4-1O0d on spots and net 2-100d to 4-100d on deliveries, offering the initiative for moderate improvement on this side and influencing first call advances of to points. After the opening the market moved up a point or two on the several months and then hung fire for a while, but later on stiffened up and scored addi- tional gains that left prices at the close 11@14 points higher than yesterdays clos ing
 New Orleans January 15-Cotton tu- lures very steady; January s.674S69 Feb ruary S.1@s.73, March s.79QS.SO, April s. 8.S5QS.S7, May S.92@S.9 93. June S.97QS. g, July 9.03d9.04 August S.67QS.69.
 New Orleans, January 15.-Cotton steady; sales S550, ordinary 3-16. good ordinary 11-16, low middling s, middllng s9s good mddling 1-16 middlng fair 0M, receipts S051, stock 3S7,14S.