The Birmingham age-herald., 1923-02-14
REACTIONS COME AFTER ADVANCES COTTON MARKET

NEW YORK, Feb. 13.-The rela- lively firm showing of Liverpool failed to stimulate any general or aggressive buying in the cotton mar ket here today and early advances were followed by reactions. May contracts sold off from 2S.41c to 2S.06c but recovered a good part Of the loss, closing at 28.26c with the general market closing steady net F points higher to IS points lower. Active old crop months were generally to points higher and the new crop was 3 to IS points lower.
 The market opened steady to 14 points higher and the active po- sitions sold about 10 to IS points net higher with March touching 2S. 09c and July 27S5c. There was considerable buying for the trade and Liverpool but 1t was supplied on this advance by scattered realizing or southern selling, and the market turned easi- CT during the middle of the day.
 Perhaps the failure of demand to broaden and bullish advices from the southern spot markets was a uisap- pointment to recent buyers which accounted for some of the scattered liquidation. At any rate the market sold off to 27.75c for March and 27.53c for July, while October declined from 25.3Sc, the early high level to 27.10c. This made net declines of about 13 to 19 points and the market steadied up later In the afternoon on cov- ering with the close showing rallies of some 15 to 20 points from the lowest.
 Trading was fairly active during the early morning, butNbecame quiet and the afternoon market was in- fluenced by comparatively small or- ders. There was some talk of too much rain in the eastern belt, but otherwise weather conditions were favorable, and new crop months were relatively easy toward the close.
 Reports from the local cotton goods market indicated a continued good demand for deliveries extend ing Into May at top prices, but seemed to attract comparatively It, tie attention. Exports today, 10.422, making 3,464767 so far this season. Port receipts 1S,4S3. Uuited States port stocks. sS5,1s5.
 SPOT COTTON
 NEW YORK, Feb. 13.-Spot cotton was quiet. Middling. 2S.o5c.
 DRY GOODS
 NTw YORK, Feb. 13-Cotton goods markets were firm and active on print cloths, some few sheeting numbers, south ern ginghams and colored cottons today. Some further minor advances were re- ported Trade in narrow burlax for bag purposes ran into large figures on Dress goods for fall sold steadily. The dress strike is causing some requests for deferred deliveries. Silks were more ac- tive. Yarns held steady.
 PORT MOVEMENT
 New Orleans: Receipts, 6,fS1 stock, Galveston: Middling, 2s .25c; receipts. 9.eS4; exports, S.ss2; sales. 200; stock, Mobile: Receipts 47: stock, 4,s5o
 Savannah: Middling, 2S soc; receipts, 1,S57; exports. 2.o5o; sales, 2o5; stock, 57,- Charleston. Middllns, ,2sc; receipts. .. Wilmington; Receipts, 57 stock. 1s.- Texas City: Stock. 11,147.
 Norfolk: oss Middling; 2s;26c; receipts, so1; Baltimore: Middlng, as.a4o; stock, Boston: Mlddllns. as soo: receipts. 4ss: Philadelphia: Middlins. 2s.soo; re- celpts, l36. stock. 6.64s. a New York: Middlins 2S .o5c; stock, s9.- /, Minor Minor ports: Receipts, l.aa7; exports, l,Szl; stock. 9,9S6.
 TGtal SSe. , today; Receipts. 1s.7lo; exports. Total for week. Receipts, 4s: exports 57S; sales. 52; stock, S54.
 Total for season: Receipts. <,725.6 exports, S,S6o,1s2.
 INTERIOR MOVEMENT
 Houston: Middling. 2s15c receipts, 5,7sSs shipments, 6,s06; sales. SIP; stock. Memphis; Middling, 2s.5oc; receipts. HE; shipments e.oS2; sales, 1900; stock. ., Augusta; NTiddlIps. asssc; receipts, $S2i shipments 417; sales. 37; stock, 6s.- st. Louis: Middling 2s.5oc; receipts 251 shipments, S99; stock. 1s.4so.
 Aslants; na;,. Receipts, TIT; shipments, Little Rock; Middling, 2sc receipts Il; shipments, 1.06s; sales 303; stock, 4S,652. Dallas; m Middlng. 27 soc; sales. 1,174; Montgomery: Stock. 1s.ss4
 Total today; Receipts, 1922 shipments. ls.4o7; sales. s.e26; stock. ssi,2ss
 LIVERPOOL COTTON
 LIVERPOOL, Feb. 13.-spot cotton in limited demand; prices steady. American mddling fair 16.77d; good midding 16.17d; fully middling. 16.O7d; midding, 1597d; low mddling. 15,72d;. good ordi- nary, l5.2zd; ordinary, 14.92d. Sales of 5000 bales. including 4.6Oo American. Re ceepts of 5000 bales, including 37Oo American. Futures closed quiet: Febru- ary. 2155d: March, 15.45d; May; 15.29d; July, 15.03d; October 13.7sd: December, 13.46d; January, 13.36d.
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