The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-25
liverpool Cotton Market.

| Liverpool Aug. 24.-4 p. m.-Cotton,
spot, limited demand, prices higher
American middhng, fair, 21-32d; good
middhng. 413-32; American, mid d ling,
! 4Ad; low middling. 41sd; good ordinary
4d; ordinary, 9 1850.
The sales eff the day wene 1000 bales of
! which 500 We're for speculation aud ex-
port, and included $500 bales American.
Receipts 5000 bales, including 400 bales
| American.
Futures opened strong, with q fair de-
marrd, and closed barely steady. Ameri-
can middling, low mfddling clause: Au-
| gust. 409G1.10d buyers; August and Sep
TENDER, 4.05d sellers; September and Oc-
tober, 4.03d sellers; October and Novem-
Der, 3.57d sellers; November and Deem
Der, 3.54d sellers; December and January,
3.53d sallRTs; January and February. 3 SO
@3.5Sd buyers; February and March,
S.5S@3.54d sellers: March and April, 3.54d
buyers; April and May 3.54d sellers; May
and June, 3.46d sellers; September, 4O5d.
The Now York Grain Market
], New York, Aug. 24-The disastrous re-
suits Of operations by eleventh hour bulls
| was demonstrated in the action of the
| wheat market today. Failing to secure
| the necessary assortment of bull news
these belated holders punctuated the bull
| bubble and prices fell with a crash to
point over cents bushel lower than
the opening notch of yesterday. The
opening signs of the collapse We many
in the wavering of prices and freedom
| OF offerings. The bull leaders attempted
to arrest the threatened dequge by point
| ing out the comparative steadiness of
| Liverpool quotations and the frosty
| weather conditions in the northwest. For
time these influences had some effect
| but the market was Enthusiastically top
| heavy and soon broke through all re-
| straints. reaching the lowest figure in
| the early afternoon when December, af-
| ter having opened at $1.0014, sold at 95k
| cents. Foreign houses operated on both
| sides, but were chiefly conspicuous as
| sellers, led by the contingent A feat
| ure of the trading was the comparative
heaviness of December which widened
| out to 212c discount under September at
| one time. The French cables were par
| ,ticularly weak, closing 20 centimes to one
| frame on wheat and to points lower on
| flour. The Liverpool decline for the day
| was 3h@4Ad on futures with spot wheat
| quoted firm at 1@2d advance. Today's
| break shook out great many of the
| weaker holders without disturbing the
| bigger lines, many of which still lremain
| for highere prices. In the early after
noon selling was sharply arrested by talk
| Of heavy export purchases induced by
| the dip in prices. The news was fol-
| lowed by quick rise of a cent a bushel
after which values again yielded to the
pressure of long wheat which continued
more or less free until the afternoon
| Spring wheat reports were offset by re-
| peated enlarged offerings of new wheat
| In the southwest. The market closed
unsettled at 5%@GAc net decline Sales
OF the day amounted to nearly II ,OOe 900
bushels giving some idea of the emer-
! nous dumping of long wheat. Some of
| the news was exports of 60 boat loads
at New York and out ports, but this
could not overcome the decline. Septern-
| bar wheat ranged from 97Ac to $104 and
| closed a 9T%c. December ranged from
951sc TO ss1.01 and closed at 95a4.
> rlnnrnis' - -
New York. Aug. 24-The Evening Post
, uinn financial cablegram: The stock