The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-04-06
SPENDS
DAY DECLINING
Worked Downward Steadily
from Early Morning
IN KEEPING WITH CABLES
Local Sentiment Was Powerfully At
fected BY Talks of Extensive Cur
talIments In the Fall
River spindlage.

New York, April 5.-The cotton market
opened steady at a decline of points
to an advance of points and ruled
steady around the opening figures for the
first ten minutes or so, after which 1t de-
veoped weakness and worked steadily
downward during practically the entire
session, closing at about the lowest of the
day. a net decline of 36Q66 points with
sales of about 100000 bales. The initial
changes were in keeping with the cables
which were disappointing as to spot cot
ton, and the old crop months while the
new crop positions were a shade better
than expected.
Later. however. Liverpool turned easier
with private cables ascribing the decline
to selling by American interests, and
while receipts continued very small, local
sentiment was affected more powerfully
by the talk of extensive curtailments In
the Fall River spindlage and also by the
continued indifference to spot buyers
There was some covering here and a
little buying through commission houses,
while a local professional element seemed
dIsinclined to sell aggressively owing to
apprehensions that New Orleans bull
leaders would support the market on
breaks.
After the session progressed, however,
there were no indications of New Orleans
buying, and the bears became spirited
Prominent Philadelphia interests were al
so reputed to be heavy sellers both here
and in Liverpool and a prominent local
spot house representing Wall street oper-
ators was a heavy seller, and was report
ed to be cunning for the weaker long IN
terest in an effort to catch stop ORDERS
As prices worked downward to around
AGO for May and 1889 for July 1t looked
as though this object had been attained,
for when a report was circulated of short
time in Fall River prices broke sharply
with March reaching 1912 and July 1454
The new crop ruled relatively steady in
the early trading, but later was affected
by better reports from the belt as to
climatic conditions which now appear to
be seasonable with the exception of rath-
err low temperatures in some sections.
Port receipts for the day were light and
estimates for tomorrow's leading points
made bullish comparisons, but exports
continued light and the quietness of the
Liverpool spot market which reported
sales of only 1900 bales was disappointing
to the DullS VINO Indu DetH COUNTING oh q
better demand from Manchester after the
holidays.
Receipts at the ports today were s293
bales, against 1888 last week and 1918
last year For the week $4,000 bales
against $500 last week and 72,44S last
year.
Todays receipts at New Orleans Were
275O bales, against 1881 last year, and at
Houston 1144 against 1858 last year.
New York, April 5.--Coton dull; mid
ding, 15c; net receipts, 16s; gross, 2771;
stock 40, 967.
Total today net receipts, 92392; exports,
Great Britain, 5000; Japan, $50; stock, &c.
$685.
Consolidated net receipts. 24949 exports,
Great Britain, $685. continent, 263S; Japan,
go
Total since September / net receipts,
6,733, SAP; exports. Great Britain, 2,0S5 $40;
France, SCI, 7o4; continent, 2,339,197 Japan,
1921; Mexico, 25,41.