The Birmingham age-herald., 1904-01-22
The New Orleans Cotton Market.

New orleans January N.-The spot cot ton market was less active than it has been for several days. The weather was cloudy and dark. condition that inter- fered materially with the inspection of samples. Buyers however, were but slightly checked by the unfavorable weather condition, the disposition appar- ently being to take everything offered at board prices. Sales 4250 bales. including 800 to arrive and 15O0 f. o. b. delivered on contracts, 200 Quotations advanced 1sc. Before the opening of the future market this morning many conservative operators expressed the opinion that the time for a wide reaction had arrived but to their dis appointment the hand of hope held out by the lowering opening proved treacherous. Stimulated by aggressive bidding on the part of prominent bulls. prices gradually moved up throughout the session, smash ing all previous high records. The bull features were peace rumors from St. Pe- tersburg. an advance of 3-16 in consols. and A in silver and the heavy takings by English spinners. Soon after the opening, prominent bulls offered to take all May offered at "the market" Purchases were large and purchases showed a ready re- sponse to the buying. The bulls say the present advance vii continue with only slight recessions. There is no weak out side long interest in the market. To all appearances, the market liquidates itself as 1t goes along More conservatism in opera ting prevails and there Is an absence of the reckless buying that caused such landslide in prices during the latter part of December At the same time many brokers point out that there would be danger in the attempt of weddings to op- crate at such high levels, and 1t Is well known that some interests would like to see wide declines so that they might get aboard at the lower levels In the trading January opened at 1411 and sold up 10 1434, March opened at 4.39, declined to 1436 and then advanced to 1467; May opened at 14.73, declined to 14.69 and ad- vanced to 15c and July opened at 15c de- clined to 149S and advanced to 15.27. The market closed very firm and within point or two of the highest figures of the day. Net gains were 24 to 26 points, ex- cent February, which gained but Is points.
 New Orleans. January 21.-Cotton fut- ures firm, January 1434 bid; February. IA. 4od71442: March. 14ssdi4s7; April H.so 614.s2; May. 149s@14.99; June. 15.O9Q151o; July, 1925; August 1449d14.5o; September, 12 sod1sc.
 New Orleans. January H.-Cotton firm, sales 4250. Ordinary, 117tc; good ordinary, l3 1-1bC, LOW mluulliS, To io-i"e' iihN''i''e' IA 3-1sc; good rniddling, IA 7-16c; middling fair, IA 1916 Receipts s6s5; stock 4s2.SSl.
 Daily Statement.
 Galveston-Firm; middling, IA; sales, 553; receipts. 1924; stock. 4l,04T.
 Mobile-Firm; middling, 13s; sales 1000; receipts, BIT; stock, 20,9s4.
 Savannah-Firm; middling, fl; sales, oi5; receipts, 2S01; stock, 90377.
 Charleston-Firm; middling, IA; sales 500; receipts. 172 stock, 10,536.
 Wilmington-Steady; middling, 4; re- eeipts, 416; stock, 16,053.
 Norfolk-Receipts, 2300; stock, 30,sSo.
 Baltimore-Nominal middling, 14.50; re- ceipts, 125; stock, 72SS
 iBoston-Quiet; middling, 14.6o; net re- ceipts 351; gross, 2073
 alphabetically; middling l4so' receipts, 45; stock, 5192
 St Louis-Firm; middling. 1893; sales, 1855: receipts, 3O46; stock. 22,927.
 Memphis-Firm; middling, IA receipts. 253e shipments, 425s sales 4eoo; stock, ss, ,27S.