The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-08-11

J OF ten points. The average OF the state:
Is as follows: Virginia. 90: louisiana. 90
! North Carolina, 81; South Carolina, 90
Georgia. %: Florida. IS; Alabama, SIS: Ms
, siss:ppi. s.; Texas. IS; Arkansas. 80: Ten
nessee, 81; Missouri, S.; Indian Territory
| "a: Oklahoma. S..
| New Orleans, Aug I0-Cotton-Qu:et;
sales, 100 bales; ordinary. 7-Iec: good or
binary. 13-lsc: low nliddlins, nc: middIing
n-l6c; good middling. 1-lsc; middEns
| fair, size.
| New York. Aug. l0-Tho cotton marke,
opened steady AZ decline OF TO points.
following very bearish crop accounts from
| all portions of the cotton belt and rather
disappointing English cables. Trading was
very Light and excep; for New Orleans SELL
| Ing in the remote options early in the sss-
| sion, was OF a local character. The uncer-
| tainty OF the purport OF the bureau report
checked extensive trading on either side OF
| the market. There were few. IL any. Liver
pool orders. At II o'clock the market was
quiet, but about steady. al a net loss Of
4Q5 points. wiki sales 20 that hour OF 5000
bales; closing quotations: Spot closed easy;
m;ddling upland, S; m;ddling gulf, 81:
sales. 2Ss bales. Futures closed steady:
sales. $500 bales. January. 7-IS; February.
G.l5; March, SO; April. E.z; May, S.2S.
August. S.55; September. S3.li; November,
s.0s; DECEMBER. S.os.
The New York Evening Post OF August
says: There was no improvement in the
speculation n cotton today, and as a con-
sequence l. was another day OF small things
In the way OF trading and fluctuations. The
more favorable opportunity which the stock
and grain markets offer for investment and
speculative purposes continues 10 detract At
tention from this market and as has been
the case fer the past fortnight, IL was dom
mated by the weather and crop news and
the operations of the professional traders.
wo seemed 20 be satisfied with small. quick
turns pending further definite interpolation
in regard 10 the crop situation and the re-
wal OF speculation in the staple. The
bulk OF to5ay's business was largely con-
fined 10 the usual evening process over
Sunday. The market showed no decided
tendency in either direction. and aside from
maintaining a very steady undertone. not
withstanding the dizziness and absence OF
support, II was devoid OF special feature.
The opening OF the market was firm in
tone, with prices 70 points higher from
last nights closing on Liverpool adv.ces
reporting spot cotton there firm, a l-32d
advance, with sales OF 1,060 bales, al sled.
for middling, and futures there as having
closed quiet but steady al y 10 Lad. above
yesterdays prices. The weather bureau re-
ported good rains in North Carolina. South
Carolina and Georgia, and beneficial show
ers n Alabama, but no rain in Texas. ex-
cept a very slight precipitation OF four d!c-
ferent points. including Henrietta, Hous-
ton, Long View. Lulng and Orange. Scalp
ers sold 10 Equidate previous purchases.
interest on the absence OF business and
lack of support. and the market slowly re-
coded and closed quiet al 10 points net
The Chronicles crop reports from Texas
decline.
The Chronicles crop reports from Texas
more accurat ely describes the crop s.tua-
ton in that state than al any time this
season. They confirm previous private re-
ports of crop damage in that state from
the prolonged drought and high tempera-
49, So l. b. ~ 81 -
view of the seriousness OF this continued
dry weather in Texas. more attention is
being paid to the statistical position or the
but up 10 the present neither the trade
here or at Liverpool seems TO realize or
appreciate the situation or the progress
business has made since the November |
election and more particularly during the |
past two months. Today's advices on this |
latter point from Fall River are more en- |
than for some time, reporting |
sales in excess of the production and an ad |
vance Of Lilo in the price Of print cloth |
to 9-16 cents.