The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-04-05
COTTON MARKET
OPENS IRREGULAR
Absence of Liverpool Gables
Has. Its Effect
WAS A HOLIDAY ABROAD
Had Decided Tendency to Restrict Bus
mess Locally-Market Left Al
most Entirely to the Pro-
fessional Contingent.
WAS A HOLIDAY ABROAD

New York. April 4-The cotton market
opened irregular at decline of S points
to an advance of points, the drains
being due to liquidation as a result of
rather better crop weather advices, while
the gains were on the bullish showing
of the weekly insight figures. At first
there was considerable selling for room
account, but before the call was fairly
completed the whole market had steadied
UP on the prospects for continued light re-
ceipts, buying by houses with Liverpool
connections and support by New Orleans
bulls
There was no Liverpool cables, owing
to the continued holiday in that market,
and this fact had tendency to restrict
business locally. Commission houses had
some orders on both sides early, but later
were inactive and left the market almost
entirely to the local professional contin-
gent aside from the foreign and New Or
leans buying already noted. After sell
ing about 10 points net higher on the
active months, profit-talSing by the scalp
ing crowd eased the market slightly, but
II again rallied and while more or less
irregular, rules generally steady TO nrm
during the afternoon on expectations that
the small insight figures for the last week
would have a bullsh effect on Liverpool,
which will reopen for business tomorrow
On the Otner ndnu, tue ucnhdHh AApAh
spinners. according to all accounts is at
a standstill. leading to apprehensions
that consumption has already been cut
down TO harmonize with production, and
there seems to be more or less general
feeling that an advance of moment must
he led by a better demand for spot cot
ton.
It was also pointed out that the decrease
in the visible supply OF American cotton
tn ChrAn-
icle. was only about 5000 bales greater
than the decrease for the same week last
wear. while the decrease of nearly TO-
900 bales in the intosight OF the week as
compared with last year, SHOWN py inc
figures of the New York cotton exchange,
would indicate that the absorption from
visible supplies for the week had been
about 65, 900 bales less than Tor the same
week last year. and at the same time
bulls contend that bulls must sooner or
later enter the spot market; that re-
GENTS are running so small as not 10
nut pressure on the market.
There was a disposition to buy on all
soft spots that closed the market steady
with prices at about the best level OF the
session or net unchanged to ~ poihts
higher. the chief gains being on the ola
crop months. Sales were estlinateo az
Ok 900 males. Receipts for the day were
light and estimates for tomorrow light
while estimates for this week INTO
sight range around $1,000 compared with
about 127, 600 bales last year. Exports COP
tinus small
Receipts at the ports today 1881 bales
against II. All last week, and 1853 last
year. For the week $4,000 bales against
tx 342 last week and " 44S last year. To-
DAYS receipts at New Orleans were 20oo
bales. against 6335 last year, and at Hous-
ton 1858 bales against 237O last year.
New York April 4-Cotton dull; mid
ding, 145o; net receipts, 10; gross re-
celpts. 1924: sales, 5000; stock, 100, ASS; ex-
ports to continent, 263S
Total today, net receipts. 1851; exports
to Breat Britain, 1858; France, =; CONT
nent. $685. stock, 5000
Consolidated net receipts, 15,7l5; exports
to Great Britain, Bass; continent. $685.
Total since September l. net receipts,
G. $40; exports, Great Britain, 20S4,620;
France 66l. 7o4; continent 1883, 1877; Japan,
39,021; Mexico. 25,47l.