The Birmingham age-herald., 1909-01-16
COTTON STRONGER ON ACTIVE DEMAND Spot Sales Are Large to For
 eign Manufacturers SOUTH IS MORE BULLISH New High Records for the Season Are Made In the Days Trading and
 Prices Close at an Advance
 of to Points.
SOUTH IS MORE BULLISH

New York, January 15.-The principal support for cotton is the strong and active spot markets at home and abroad. To this more than to anything else an advance in futures must be attributed.
 Back of it all is the consumer. He is taking immense quantities. A good deal is for immediate use, and much is simply to replenish reserve stocks. Big spot sales continue in Liverpool. Man chester reports a better Chinese demand Latterly the trade with India and the Mediterranean has increased. New York s trade with China is also larger. Prints have advanced and print cloths are strong
 Exporters of cotton at the south find much of the available cotton accumu- lated at the ports Interior markets are so strong they can hardly be reached. Meantime dealers and exporters are un- der heavy agreements to supply mills at home and abroad with cotton for January February shipments and the ports are being searched for cotton for rapid shipment.
 Freight room for about 40Ooo bales is
  to Liverpool The stock of about 14S.OOO bales of certificated cotton here is sup posed to be mostly owned by Philadelphia interests. The exports continue large. The total is about 740O0O bales ahead of the same time last year. Spinners' takings are over It, 0,000 bales ahead. Bears stick to 14,O00 900 bales as the prob able size of the crop. Bulls say 13.o00,OOO to 13,500,0O0
 The south generally shows more bullish temper. It seems more inclined to hold back cotton.
 New high records for the season were made in the market today, with business more active and the close very steady at net advance of to 8 points. Sales were estimated at 325.0O0 bales.
 The market opened steady at a decline of point to an advance of points and sold 8 to 5 points net higher right after the call. on steady cables. reports of firm interior holders, covering and bull support. Heavy realizing developed at the advance and prices eased off to a net decline l to points during the mid de of the morning. but the undertone showed no weakness and leading spot in- terests were more aggressive and open buyers than they had been previously during the week. This tended to increase apprehension on the part of nearby shorts as 1t is being talked that holders of March and May will be required to make deliveries of actual cotton and the mar ket became very active and strong short ly after midday. March contracts sold up to 9.46c and October 9.01c or 6 to Il points net higher. The close was a shade off from the top, under realizing.
 It was reported during the day that interior holders in nearly all sections of the south were showing a disposition to withdraw their cotton from the market for higher prices. Southern spot mar kets officially reported were unchanged to 1sc higher. The advance of Ac in staple prints created a favorable impress sion as to the domestic dry goods situa- tion.
 A.eceipts at the ports today, 34,044 bales, against 64,937 last week and 39,416 last year.
 For the week 230,000 bales. against 272,- 946 last week and PAP. 700 last year. Today's receipts at New Orleans, 4560 bales, against 6974 last year, and at Hous- ton, 4196 bales, against 57S7 last year.
 New York. January 15.-The follow ing statistics on the movement of cot ton for the week ending Friday, Jan uary Is, were compiled by the New York cotton exchange:
 WEEKLY MOVEMENT. This Year. Last Year. porf reeefnfa S42.100 .yO0