The Birmingham age-herald., 1904-03-10
LIVERPOOL WAS
 GREAT SURPRISE Prices Were Up From 2 to Il
 Points. LARGE SALES OF SPOT Various 9uIIIsh Influences Attract a Good Volume of Profit Taking By Smaller Longs-The
 Close Is Steady

New York, March 9.--The cotton market opened strong at an advance of SS to AS points on the old crop, and 24 points on the new crop positions on active covering by room shorts, and aggressive bull sup port, In connection with some outside buy ing attracted by the sensational firmness in Lvef-ool To conform with the local declines of yesterday. the Liverpool mar ket should have reported decline of from eDs to 13 points. Instead of this price at the hour of the local opening. their prices were up something like to Il points, and large sales of spot cotton were reported at an advance of 12 English points.
 This showing as a bu1lish influence. with the effect of very light estimates of the days receipts. and the initial gains of nearly # cent on the active positions, nat urally attracted a good volume of profit taking by the smaller longs. Continued bull support and buying here by New Or leans and houses with Liverpool connec- tions, prevented any material set back.
 Later, the light estimates for tomorrow's 8 receipts at leading points and private ad- vices to the effect that rather better spot demand was in sight, helped the mar ket. Trading after the first hour or so be- came perceptibly less active, but the nn- dertone of the market remained firm and reached the highest prices In the late trad ing, when March touched 1910; May, 16.42. and July 1642, net gains of 50 to GO points on these positions.
 The close was steady at precisely the top or at a net advance of % and 49 points. Sales were estimated at 600OO bales.
 Exports for the day were light, but the bulls account for the small shipments to some extent by asserting that very little cotton Is available for export for the time being, and reports of better spot demand received from private sources were colored to some extent by the fact that more of the southern spot markets officially reported had sales, though in most cases these transactions were ex- tremely small Port receipts for the day were much heavier than expected early, owing to a clearance of 1.303 bales from Brunswick to Great Britain. Private cables attributed the advance In Liver pool to a better demand from splnners, some American buying and the reduction in the crop estimate of Nell Bros. to 10,- 5O000o bales.
 Receipts Of cotton at all ports today were 12,241 against 15,40s last week and 23.4fS last year For the week, 65, 0O0 bales against 74,sss last week and Al, ,613 last year. Today's receipts at New Or leans were 6,614 bales against 10,054 last year, and at Houston, 1,122 bales against 6.9s1 last year.
 New York March 9--Cotton quiet Middling. 1865 net receipts. -; gross receipts. 2693; sales -; stock, S6, 723
 Total today at all seaports, net receipts, 122n exports Great Britain, 1000; France, -; continent, -; stock col, ,107
 Consolidated at all seaports net re- eeipts, 503l; exports Great Britain, 12,- 341; France, s,3s1; continent. 1882; Japan, 1, COP
 Total since September at all seaports, net receipts, 6.4S5; exports Great Britain, l 1,e73,e ,eS9; France. GAG, 935; eontnent 2,247, 4lS; Japan, 3s,79o; Mexico 23,991