The Birmingham age-herald., 1904-03-29
SOME F|RMNESS Is . SHOWN ON THE CALL Became Easier from Lack of
 Bull Support HE CABLES DlSAPP0IN TING New Orleans at the Opening Appeared to Be Buying Little July.
 Sales Were 45oooo
 Sales.
HE CABLES DISAPPOIN TING

New York, March 2S.-The cotton mar ket opened steady at an advance of ? points to decline of 15 points, and while at first there was some firmness with the two active months selling point or two above Saturdays closing figures on the call the market soon turned easier under liquidation in the absence of im- portant bull support.
 New Orleans appeared to be buying a little July at the opening, but the cables were rather disappointing and the reports of extensive curtailments in manufaetur- ing circles, evidently promoted profit talk ing by outside longs, while the covering of shorts and the demands from fresh buyers were moderate. With only one or two unimportant periods relative firmness, the market worked steadily downward until at midday May was sell ling at 1464, and July 14S7, with the act i've months from 2S to 54 points lower This level attracted considerable demand from spot interests and the room also turned for covering bidding prices up about 30 points from the bottom. with May selling around 4.92 and July 1512
 ne pdrIldl recovery HOWeNeTf dllTdcIeu still heavier liquidation with brokers rep resenting New Orleans bulls operating in a manner leading to a belief that the in- terests in question were trying to manip- ulate a better buying basis. There was further demand from spot people, but in general way the market in the after noon was weaker, reaching about the lowest level of the day with May selling down to 1464, the previous low point ,1a within a point or two of the bottom, or a net loss of 24d55 points. Estimates for tomorrow's receipts at leading points were light on the average, in spite of predictions for a larger movement this week, and advices from the south indi- cated great flrmness among holders with some wires asserting that factors were looking for 16 cents.
 The lower Liverpool cables were attrlb- uted by private advices to liquidation in the absence of demand for spot cotton from spinners while the reports of a proposed extension of short time at Man chester. also had an influence. Port re- ceipts for the day were not half of last years, but exports also were light. Trad ing was not particularly active in the local market, sales being estimated at only 450,0O0 bales, and the offerings seem ed chiefly the result of liquidation on the  with a reaction after the recent sharp advance.
 Today's receipts at the ports were 11,000 against 1878 last week, and 2s,3S9 last year. For the week 65,000 against 63,160 last week and 10s.431 last year. Today's re- ceipts at New Orleans were 32S2 against S4S6 last year, and at Houston l402 against 2553 last year.
 New York, March 2s.--Cotton quiet mid ding, 1490; net receipts, 636; gross, 1881 :; sales 330; stock 1O3,07
 Total today, net receipts II 52S; exports, Great Britain, 67S; continent. 1900; stock, 547, TSP.
 Consolidated, net receipts, 19523; ex- ports, Great Britain Il, ,6oS; continent, 9l15.
 Total since September 1, net receipts, 6672,037; exports Great Britain. 2,051, ,6SS; France 647, 274 continent 2.32S 679; Japan. 70 0o1 Mexico 25 d71.