The Birmingham age-herald., 1903-05-28

New York. May 27-The cotton market opened steady at an advance of points to a decline of 5 points on the near months while the late months were un- changed to 1 points higher The irregu- larity was largely due to the showing made by the Liverpool cables which at the time of the local opening were about as expected on the near months, while the new crop was higher than was con sidered due on the local closing of yes terday. Other influences were more or less conflicting. The port receipts Of the day were estimated to show heavily as compared with last year, but on the other hand the estimates for the week inso sight. showed a depressing tendency. The weather was not entirely satisfactory in some sections. Trading was much less active after the call and after the first demands for the new crop had been filled. the market turned easier declining to level net ? to 20 points lower. At this time July sold at 11.12. August at lO.6S and September at 9 96 and December at 946. At this level there was considerable covering notwithstanding the still fur- their losses at Liverpool and the market was slowly rallied All through the ses- sion May was comparatively neglected and the course of that option led to the opinion more or less generally expressed on the floor that the speculative snort ln- terest in that. option had been pretty thoroughly covered and that further sen sational developments in that connec- ton were therefore unlikely. Still in the afternoon that month sold up from u.03 to 11.43 under light covering. This ad- vance was afterward partially lost, how ever, and that month closed at Il .25. The New England clique leader reiterated his intention of leaving for Europe on the third. but during the afternoon large buying orders for the late positions were credited to this interest and New Or leans also sent buying orders.
 On the evidenes of this support room shorts turned for cover and the market became more aeti e, touching new high level for the day just before the close. The market closed steady at within or points of the best, or net points lower to 10 points higher. Total sales of futures were estimated at 250,000 bales.
 New York, May 27.-Cotton quiet; mid ding. 11.7O: gross receipts, 2S67; sales, 94OO; stock, 171.292.
 Total today: Net receipts. 69SS; exports Great Britain, 3S3; continent, 304l; Japan, 800; stock. 3l9,SS9
 Consolidated: Net receipts, 2O,O25; ex- ports Great Britain, 1,549; continent, 9l30 Japan, 500
 Total since September 1: Net receipts, 7,566971 exports Great Britain, 2,T07S42; France, 750, 500; Japan 1S5,1o6
 New Orlsan5 Cotton Market
 New Orleans, May 27.-Spot cotton very firm There is quite a good demand, but the offerings are light, the sales, 1t is said. were mostly at shade above board figures. Sales 8O5O bales including 800 to arrive. The cotton exchange committee revised quotations marking middling up lands 1sc and the higher grades 3-16c above yesterdays prices. The future market was steady. July opened six points lower, August points up and the winter months to points higher. Prices fiuctuated within comparatively narrow limits, being first above and then below the closing of yesterday. During the day July fiuc- tuated from 12.35 to 1244 August from 11.S6 to 119S, September from 1929 to 10. 4O October from $40 to 9.4S, and December from BPS to 9.35. The market during the last two hours of the session was very firm. showing net gains on the day of ' points on August and to on the win ter months
 New Orleans. May 2T.-Cotton futures steady. Nav 12.O4 bid: June, 1924 bid ; July, 244612 45; August. 11.9Sd12; Septefn- Der, 10.Ss@1039;, october, 957M95S; Novem- Der, 9.3S@9.40; December, 9.3Sd9.39 |
 New Orleans May 27.-Cotton firm sales. 9O50; ordinary. 11-16 good ordinary, 10 l-16i low middlng, 10 13-16; middling II 1l-16; good midding. 12 3-16; middIinc fair, 12% Receipts 4l96: stock 7S,S6l.
 Daily Statement.
 veston-Steady, middlng ii 7-16c. l sales 119 rncnints 1a-5 stonl. oo o-n