The Birmingham age-herald., 1904-02-20
COTTON EASIER
 TOWARDS CLOSE  Showed Declining Tendency al
 the Opening MODERATE BULL SUPPORT Unsettled outlook In Europe as Re fIected By Morning Papers Has
 Effect on Trading During
 the Morning.
MODERATE BULL SUPPORT

N.w York. February 19.-The cotton ,a,,e+ onened weak at an advance of point to a decline of Il points and Tor time showed declining tendency under outside liquidation and some room sell ing encouraged by disappointing caoles' and the very unsettled outlook In Eu- rope as reflected by the morning papers. The active months in the absence of bull support sold down something like 70 points below last nights finals, potn here and in New Orleans.
 Tatar however. both markets firmed up on A renewal of aggressive bull support and a more or less general demand which as prices worked up past last night figures caught stop orders on the snort side, and resulted in very firm, ana at the same time excited market. Marcn was forced up to 1890, May to lz5 ana July to 14.27 this being net advance of 49 to 46 points on the active months and gain from the low point or the morning of about 67 to 70 points.
 It also represented an advance since the low point of last Wednesday of over a cent and half a pound and at this level there appeared to be considerable selling for profits, while 1t also appeared that the room traders were inclined to put out shorts in expectation of a specula- tive reaction. The local bull leader was an active buyer on the upturn, as were also the New Orleans bull leaders and one of the factors in the advance was report that the New Orleans stock was soon to be very materially reduced. while the continued demand for May in the local market by prominent spot interests aroused apprehensions of contempla- ted corner.
 Not withstanding these various rumors, the market was rather easier towards the close, selling off several points under the pressure referred to, and finally was barely steady at a net advance of 15 to % points Sales were estimated at 500000 bales. The into sight figures proved quite as small as estimated, reaching only 151,61 bales against 191, ,6S3 last year, pointing it was considered toward a very bullish visible supply statement tomor- row.
 Receipts for the day were light at both the ports and interior points and the estimates for tomorrow reflected con- tinued light movement.
 Receipts at the ports today, 1923 bales against 1,243 last week, and 27,961 last year. For the week, 5000 against 127 772 last week. and 152,511 last year. Today s receipts at New Orleans were 6155. against 69S9 last year. and at Houston 4612 against l49S last year.
 New York February 19.-Cotton steady; middling. 14.50; gross receipts, 1858; sales, 722; stock, 72,221.
 Total today: Net receipts, 1923; exports to Great Britain. 696; to the continent, bs12; stock, 675,S2s
 Consolidated: Net receipts. 86,1s1; ex- ports to Great Britain, 43, 762; to France, 2S,044; to the continent, 34,874; to Mexico, 295
 Total since September 1: Net receipts, 6310,749; exports to Great Britain, 1,s91,- 509; to France, 634, 264 to the continent, B. 1s1919 to Japan, S6sO6; to Mexico. 2236S.
 Comparative Cottor Receipts.
 New York. February 19.-Following is the comparative cotton statement for the week ending Friday February 19:
 Net receipts at all United States ports during the week. S6,131; net receipts at all United States ports same week last year, 152,511. Total receipts since September 1, 6,310749; total receipts to same date last year, 6,427,333 Exports for the week, 106, 975; exports for same week last year, 16O, 262. Total exports since September l, 4,- 766,96S; total exports same date last year, ,364. Stock at all United States ports, 675, 323; stock at all United States ports same time last year, S95, ,539. Stock at all interior towns, 357, SSS; stock at all interior towns same time last year, 353, 621. Stock at Liverpool same time last year, 61S, G00 Stock Of American af1oat for Great Brit ain same time last year, 2O4.000