Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-09-11
MARKETS BY TELEGRAPH
NEW YORK.

NEW YORK, September lO.--Cotton quiet: Gales
to-day. 4j4 bales; uplands, SAG; ORLEANS
l-l6c net receipts AZ All ports today, III ~
bales export 10 Great Britain, li,53A bales:
stock, 2S6,639 bales. southern nour weak and
qulet. Wheat unsettled. closing stronger wl.h
options duh; N. red, rlatl.Ol1e IN ole
yator: 5l.OOliaSl. 02b, GtOat options declined
isallsc. N weak cables and pressure TO sell al
vanced 2a2A,. On light offerings, shorts cover
ing foreign political talk, lighter receipts, aud
tae expectation that inc Government report
would show less favorably than had been looked
tor The market declined 4saasc. did closed
s.esdy at lssl &c. over yesterday: No. cred Sep
temuer, slOl; October, elU21a; December.
$1,000. Corn irregular and duh, closing nrmcr'
No. ,. 74a7i4c. IN elevator; 15a751fc. aiOai.
options opened i9alAc. lower, advanced
IilLs.., and closed at w. decline IN
September and u 4salsc. advance on other
months through manlpulation; septem-
Der, 7Oc.; October, o5ysc. December, 07rsc.
oats Quot and stronger Options hrmor and
moderately active September, 34Isc. octo-
Der, 35ssc. spot No. :, 34t,a35Isc. Coffee
Options opened irregular, lOa25 points down
ami closed barely steady, 30a45 points down
September 5li.y5asl $40; October, @IA15a
sl4.05 November, &l2.75asl35d; spot Rio
| dun fair carg1es, 1880. sugsr-itaw, quiet
and steady; refined nrm; good demand. Mo-
lasses-New Orleans firm and quiet. Rice nrm
and qule.. Petroleum quiet aud steady. Cotton
seed oil stronger and more active. Rosin quiet
and steady. 1urpentlno quiet and steady. Pork
quiet AMI steady. Peanuts quiet Beef quiet
ana steady. Cut meats strong; picked bellies,
ss Niddles stronger; short-clear, septombor,
1915. Lard opened easy aud closed stronger;
| s7.36; September, s7.35 bid January, s7.ol.
| ffelshts steady; moderately active cotton,
| IlOd. gain, Adj.
CHICAGO, September 10.--Whoas opened weak
! anu lower this morning. Tho primo cause was
the weak tone OF the cables, Liverpool being re-
! ported depressed with AM lous sellors AT n "
f,siif ~ hsf MA (afl
4 100 carloads under the estimates, but tna for
wsTcings wore light and the receipts in tho
! NOrthN est wore heavy. The weather In England
was reported hot and forcing, and the Govern nont
crop report was expected to DO bearisn. Those
D.ils who had bought at considerable higher
piioes aud who were ayerse 20 running the risk 81
tAe further loss which appeared 10 threaten
Z them, aud that other cigss Of longs, tho sic, Of
their ma gins, were free sellers at the opening
OF tho market. The shorts felt at that
tims 50 secure In their position thai they
stood aside, while the bulls referred 70
offered their holdings at from 95}sc.
down 10 04y4c. before they thought well enough
. ~ the price to cover TO any great extent. Inc
trading then became heavy for about nj.
J teon minutes, during which prices sursed up and
down between the figures already given. Then
+ u curious change la sentiment occlre!- The
bears began 10 reach the conclusion that drop
OF sOc In the price Of wheat within three weeks
was enough TO Justify reaction, ana 10 con-
slider a weak market overloaded with bcar news
and with apparently no friends as furnishing d
rare opportunity 10 buy for turn. The number
who reached this conclusion at about the same
time hero and elsewhere, as shown by tbs
buying orders, quickly reversed the tone
II the market and started prices u.h
Foreigners who had sold out on the excite
ment which existed hero when Decemoor wneal
soia as high as sl.i5 sent In considerable buy
ing ordcrr- Many OF these arc Said ~ CONS
from Paris from . house there which recently
received n check for about $3.50, 900 nom II,
comm sslon-men ~ profit ON heavy line Of
long wheat sold out on tho excited bulge u tire,
weeks ago. his foreign buying resulted, viii
the aid OF the shorts, In an advance Ia December
wheat to eG,4c. about AN hour after the opening
and following that busiusss slacked up SEf
iuctusi ons Tor ths most part were confined DO
tween 95$t and goc. The price had worked al
~ around 0uIAc. once aguln when Z dispatct