The Birmingham age-herald., 1904-01-28
ATLANTIC STATES BEING SWEPT BARE Cotton Mills Said to Be Bidding
 Fifteen Cents. MARKET OPENS IRREGULAR The First Few Minutes Show Declin- ing Tendency as Result of Liqui-
 dation and Absence of
 Bull Support.
MARKET OPENS IRREGULAR

New York, January 27.-The cotton mar ket opened easy and irregular at an ad- vance of three points to a decline of six points and for the first few minutes showed rather declining tendency as result of liquidation and selling for re- action encouraged by cables that were shade below expectations and the absence of aggressive bull support on the call Af- ter decline of about to 10 points on the three active positions however, the mar ket began to improve in tone What had been first rather quiet became active.
 Heavy bullsh despatches were coming in as to the conditions in the southern spot markets, and New Orleans sent very bullish messages as to speculative condi- tions in that market In addition to this, accounts from various drygood centers in- dicated that demand had been stimulated to some extent by recent advices in the raw material and that holders were very firm in their views with some Fall River mills refusing four cents for regulars.
 New Orleans bull interests became heavy buyers before midday. As prices worked up the local bull leader bought ag gressively also, and shortly after noon prices were 34 to 3S points up from the low point This was followed by a short period of less activity and with slight re- sessions, but there was no aggressive selling, and later the market rallied to a still higher level with March selling at 15.42 May at 15.66 and July at 15.T. The close was at practically the best and firm at a net advance of '19Q39 points. Sales estimated 100000 bales.
 Receipts for the day were light at the ports being exceeded slightly by exports and while interior receipts were about the same as last year. they were exceed ed by shipments As an example of the southern news one message read that the Atlantic states were being swept bare of cotton with mills bidding 15 cent 1rrespec- tive of transportation charges.
 New York, January N-Cotton quiet; middling, 15. 45c; net receipts, 25S; gross, 49s1; sales 357; stock, T 442.
 Total today at all seaports, net receipts, Pl077 exports Great Britain, 10400; France 1O974: continent. 276S; stock. 772, 4S2
 Consolidated at al seaports. net receipts, 1o2,964; exports Great Britain, 5S,749; France 15,752; continent, 35,672
 Total since September 1, at all seaports, net receipts 5,9O4,S59 exports Great Brit ain. 1,76467O; France, 5S6.7i6; continent, l. esO,214 Japan SS,665; Mexico. 2O,24G s
 
 The New Orleans Cotton Market.
 New Orleans, January 27-spot cotton, offerings light. Sales 4300 bales, including HOO to arrive and 1900 f. o. b.; delivered on contracts 600 Quotations 1sc higher.
 Futures opened quiet with prices un- changed to points higher. Room traders went short of the market yesterday to some extent in an anticipation of the ex- pected reaction and their efforts to cover sent the market up on themselves. In addition at the opening a large number of buying orders were in evidence and soon absorbed all offerings. At the end of the first half hour of trading it was sim ply a case of every one wanting to buy and no sellers. The bears seemed to have lost all the courage they ever had and the market was a one-sided affair. While prices were fluctuating in rather nervous fashion, the undertone showed unmistakable strength, and the position of the bulls was practically unassailable. In the trading January sold up to 15.52, March to 15.65 May to 16.09 and July to 1895. The market closed firm and within n point or two of the highest level of the day. Net gains were 33 to Ss points.
 New Orleans, January 27.-Cotton fut- ures firm January 1532 bid, February 15.37 bid: March, 15.64d15.G5; April. 15.S1@ 15.s3; May 160sd16.O9; June, 16.1Sd16.19; July, 16s4d16.35. August, 1I45Q15.5O; Sep tember 1405 bid.
 New Orleans, January 27.--Cotton firm, sales 4sOO Ordinary, 127sc; good ordinary, II s-16c low middling. 15 S-1ec; good mid ding 15 7-16c; middling fair, 15 13-16c. Re- ceipts, s27o; stock. 41s,7S1.
 NcN York Cotton Futures.