The Birmingham age-herald., 1903-06-10
COTTON NERVOUS
 AND VERY EXCITED After the Call There Was Tre-
 mendous Realizing  RECEIPTS WERE MODERATE Profits That the Market Attracted Caused Considerable Realizing and
 the List Broke Sharply
 Closing irregular.
RECEIPTS WERE MODERATE

New York, June 9.--The cotton market opened firm at a decline of 1 point to an advance of 12 points under frmer cables and a continued scare of July shorts It was one of the most nervous and eH- cited openings of the season, on the call July sold first at 11S5 went to n'SR 11SS. then jumped to 11s2 and sold at 1195 with later months more active and no less excited August sold at 11,sn cember 96O The receipts for the day were moderate; further showers were res ported over the cotton belt and Liverpool, which at first sent a rather disappointing response to our advance on the old crop months yesterday, showed further strength. Notwithstanding this, after the call there was tremendous realizing and July declined to n.7s, August to 111S, September to 1os0 and October to s7O Then the strength In New Orleans again attracted attention and orders began to come in from that center, while the profit taking by longs had about run it's course. Shorts began to cover and by midday prices were net five to g points higher. At this level the weekly report of the weather bureau was read and the trad ing became the widest of the session and even more excited than at any previous time this season. Within ten minutes July was rushed up to 12,14, August to 11.57 and September to 1O.B6 the general list at this time showing q gain of 12 to 8 points over the sensational advances of yesterday. Throughout the entire af- ternoon there was no material diminish. ment of the activity and excitement and while there was an occasional but nar- row recession. the market continued It's upward career until July sold at 12,27, August 11.Sl, September 10.67 and Oeto- Der 9.9O At this level the market was net 13 to 64 points above the closing of yesterday and 1s to 20 points above the lowest level of yesterday. Such profits as this naturally attracted realizing however, and the market broke sharply closing irregular and unsettled net to ss points higher.
 July was finally quoted at 1915. August at l1.55 and October at 9S0 The New Or leans market on the contrary closed at about the best point of the session with July quoted at 1850. Liverpool closed net 141s@15h points higher on the old crop and SOS points higher on the old crop and 5GlS points higher on the new. Spot cotton in New York was advanced 50 points to 12.40 with sales 15S bales re- ported to spinners.
 Total sales futures sOO,OOO bales estimat- ed.
 New York. June 9.--Cotton quiet; mid ding, 4-12 .Aoc;snet receipts 51; gross re- ceipts, 12G1; sales. 55S; stock, 164,54s,
 Total today at all seaports: Net re- ceipts, POTS; exports to Great Britain. 300; stock 269, ,633
 Consolidated at all seaports: Net re- ceipts, 5727; exports to Great Britain, 7671; exports to France, 1850; exports to the continent, 254S.
 Total since September 1 at all seaports: Net receipts. 7.6o5 9s9; exports to Great Britain, 2.723, 233; exports to France, 7o2,- R14. exnnrts tn the continent. q 7hh 867. ex-