The times. [volume] (Richmond, Va.) 1890-1903, 1892-12-07
THE COTTON MARKETS.

NEW YORK, Nee. Especial. Henry
| Clews & Cc.'s daily cotton letter says:
| Cotton futures opened higher, in sympathy
| with the expected advance i'm Liverpool,
but was afterwards Offset by the reports
OF weaker cables and n disposition among
! Southern traders to liquidate together win
reports about the Anti-OptiOn legislation,
| which combined TO force prices down. The
market however. rallied later in the day,
closing steady. Port receipts were COM
! paratlvely small to-day, but 1t Is thought
/ they will be heavier tomorrow. The STU
| alton is still strong. and If it were not for
the Ann-Option legislation prices would
undoubtedly go higher Washburn appears
confident Of getting the bill through, but
well-inforIned people here do not agree
with him.
NEW YORK Dec. 6.-Lverpool opened
unchanged. but then advanced 7-G4, due,
il was said To a transfer Of the Southern
buying interest, on account Of Anti-OptiOn
bill. from this market 10 that and ~
consequence we opened at an advance OF
- points. but outside Of buying by local
operators 10 cover short sales, there was
no new buying OF note. and the result was
tame speculation Later the market
turned weaker and dropped 1On12 points
under further liquidation by the long in
tcrest. due &c. reaction in Liverpool Of
4-H and continued free crop movement,
the port receipts Tor the day being est
mated at $1,000 bales, against HIS bales
same day last week aud 13.:SN bales for
the corresponding day last year. A decline
was reported in silver and this was also
used 90 deprcSs values. Crop news con
inueS generally OF IN Unfayorablc charac
Ter. hut 50 long as the Anii-Opticn bill con
tinueS a factor in the market, operators
will have eyes for nothing else. The mem
nf la y.h IN no
hopeful, and the belief seems to be rapidly
growing that this bill will he defeated.
but II seems 10 be the general opinion that
SO Icing as the bill is being agitated il is
hopeless To look for any Improvement in
cotton values, hut rather decline, and pOS-
Sibly material one At 10 y. VI. the
market was easy. There was steady trad
ing i'm the afternoon, the movement how
eyer being rather mono tOnOus Between
noon and T. VI. there was a rise of 4G6
points for most months making a net gain
up to that hour Of $40 points. Estimates
Of probable receipts Of 1900 10 1000
bales an New Orleans tO-mOrrC W. against
1900 bales last year, caused temporary
weakness. which was soon overcome. and
the market again moved up Ia within 3
points of the earliest quotations. during
which there was full buying and mn nl-
preston HAT fresh upward reaction
ton that the Hatch bill would soon be con
Sidered by the Senate led TO "A desire to
realize. and good deal Of the advance was
once more Obliterated. Then came COW
eriHg 81 shorts, which once more lifted
prices few points. January February,
March and April absorbed attention. The
close WAS steady AZ the following quota
lions: January. 9.11d912; February, 023
M92s Narch. 935: April. 9.45d9.46; May.
"a mo lima mi a
974; August, 0.79u9Sl. Total sales 231 900
bales. spot cotton closed steady; good
ordinary. ga low middlinc. S 15-l6; mid
ding. OK; Orleans, 9-l6; net receipts.
=. l26 bales: gross receipts. 1876 bales:
forwarded. sos bales: sales. .045 bales;
spinncrs. l45 bales; stock. 1904 bales.
GALVESTON. Dee. Cotton steady;
ndding. o.; net receipts. 1855 gross To-
ccipts, 1889; stock, 1880; Great Britain,
4. $40
NORFOLK. Dec. Cotton steady; mid
ding Q: net receipts 5000 sales. 5G5;
stock. 43.17S: Coastwise, 1874.
BALTIMORE. Dec. 6.-Cotton nominal; |
%; gross receipts. 1894 stock, |
81 AZ; Great Britain, 10,477 Coastwise, |
! 300 Continent, 4,4l7.
BOSTON, Dec. G.-COttOn quiet: middlng |
Ok: net receipts. 707; gross receipts, 4,4ss |
WILMINGTON, Dec. 6.-Nothing doing; !
net receipts. 100, STOCK. -O.-ob
PHILADELPHIA, Dec. G.-Cotton quiet |
97s; net receipts, 553; stock,
1861
SAVANNAH, Dec Cotton easy; mid
ling 8: net receipts. G,2SG; sales, $50;
,tock. If $50: COastwise, 1865.
NEW ORLEANS, Dec. G.-tottcn quiet; !
nlddling. . 5-1G; net receipts, 22,lS2; gross
.ccejpts. 2g.G3O: sales. 5000; stock, 5S,363;
oastwlse. O6s7; Continent 200.
MOBILE, Dee. G.--COtton easy; middling.
}. net receipts. 2,S30; sales, 800; stock,
a. 70l: Great Britain, 2ls.
MEMPHIS. Dec. 6--Cotton quiet; mid
Hing, 95s: net receipts, 1892; gross re-
eIpts. 4.0l1; sales, 100; stock, 101,503.
AUGUSTA, Dec. 6.--Cotton quiet; mid
ling. 81 net receipts, 1,l36; sales, LILO;
took, 1854.
CHARLESTON, Dec. 6.-Cotton steady;
Kidding. 0; net receipts, 76l; stock, o2,s74i
,oastwise. $40.
CINCINNATI, Dec. 6.-Qbtton steady;
adding, OK; net receipts, 2,osl; STOCK