The Birmingham age-herald., 1904-03-15
WEATHER REPORTS ARE UNAVOIDABLE Early Appearance of the Boil
 WeeviI a Factor SPOT SALES NOT so GOOD Strong Tone at the Opening Caused By Fair Demand From Scattering
 Sources, Including New
 Orleans.
SPOT SALES NOT so GOOD

New York March 14.-The cotton mar ket opened steady to firm, with the old crop unchanged to points lower, while the new crop positions were 10 to Il points higher on continued reports of dry weather and early appearance of boil weevil The opening losses on the near months were less than due on the cables, for while it appeared that the room ele- ment were inclined to take a bearish view of the situation as a result of the dlsap- pointing spot sales in Liverpool and ex- pectations that the movement would show an expanding tendency, there was a fair demand at the opening from scattering sources attracted presumably by the strong showing of Saturdays markets, and at first also the local bull leader and New Orleans were buyers.
 After recovering the early loss, and sell ing up to share over Saturdays finals, however, the market turned easier. The Houston estimate while light as com pared with last year, was still rather above recent average, suggesting the ac- euracy of predictions of freer movement in the immediate future, and Liverpool showed continued weakness with advices from Manchester less favorable as to de- mand for cloths. Shortly after the open ing here, there was selling by leading spot people, and prices began to work lower. As they declined, the room became more aggressively bearish, bull support was partially withdrawn, and the market broke about S3 to 36 points on the active positions.
 At this level the local bull leader began buying the summer months, and there was some covering for earlier sellers taking profits. This led to a rally of about b points, but in the early afternoon the list again weakened and broke through the previous low point, with May selling afound 16.21 and July 1922, a net decline of 40 points. Following this fluctuations were comparatively narrow and irregu- lar. In general way, however, the mar ket worked upward on a renewal of bull support, and at the close, which was steady, the net loss had been cut down to a matter of 7d26 points with May around 16 8 and July 16.37
 Receipts for the day were light, and the estimates for Texas points tomorrow were moderate as compared with last year, though a total less bullish than the recent average. The into-sight for the week is being estimated at 115,OOO bales against 109047 last week and 3S0 bales last year, the aetuals being those or the New York Cotton exchange.
 Some reports from the south indicate a rather improved demand for spot cotton but there seems an idea locally that spot people are buying cotton in the south and selling May and July in the futures market leading to apprehension of deliv- cry in the absence of any improvement in demand for mills. Receipts at the ports to- day were s294 bales against S625 last week and 172s2 last year. For the week 5o'OoO against 51 2S2 last week, and SlAO last year. Today's receipts at New Orleans were 3263 against 7229 last year. and at Houston 1423 bales against 459O last year
 New York March H.-Cototn quiet; middling. 16. .s5c. gross receipts S66s sales 27O4; stock, 80, POS; exports to France, IF.
 Total today: Net receipts. S294, exports to Great Britain. 1513 exports to France 172; exports to the continent, 12l7; stock, 5S5, ,O49.
 Consolidated: Net receipts, 1S66O ex- ports to Great Britain, 15l3; exports to France, 172, exports to the continent 2414; exports to Mexico, 30.
 Total since September 1: Net receipts, 6,541 739 exports to Great Britain, 1,9S6,- 46S; exports to France, 647.102 exports to the continent, 2,256,OS9; exports to Japan, 3S, ,921; exports to Mexico, 24O21.