The morning news., 1898-12-09

futures hroadened appreclably to day. At
times The market was vefy active. News
was somewhat conf cdrg, but In the main
il was builsh. The Eaglish cables were
much better than had been looked for. in
view OF the weakness deve oped yesterday.
Reports from American spinning districts
were favorable, the dry go ds markets n
all directions were said TO be in better
shape than for some time past; holders OF
spot Gotten were Indifferent about sell
ing, VIII lie demand at all points of accumu-
lation was reported as extremely good.
Southern sHot markets were generally
higher, according to private accounts, al
though Official reports as a rule failed TO
report any sales. Spot prices in the local
market We're marked up lsc. The futures
market ooened here steady, with prices
] to points higher ana advanced 7dlS
points. Trading during the forenoon was
chiefly local, but in the afternoon speeula-
ten became much more general The
future market closed firm at a net gain
Of Sal0 points.
New York, Dec. s. noon.-Cotton futures
opened steady December 5. iSc january.
9.42c; February, 5.4lc; March 5.44c; April.
5.4Ic; May 5.52c; june 555c; July, 55Sc,
August, 5'6le; September, 5.57c; October,
5.61c.
New York, Dec. s, 4 p. MIXTURES clos
"
February, 6,49c; March, sic; April, 5,5lc;
May, 55Sc; June, 56lc July. 5.6ic; August,
5.6Se; September, 56lc; October, 5.6Se
New Orleans Dec. Section futures
seady; DECEMBER. 5.00c January, 507G
Bose; February. 5l205.lic; March, 61sa
Size; April, 5.29d5.25c May, 5.2Sd5 29c .
June, 5.sSa5.35c; July, $3.50 SOC; August
b.S715.SSc; September, 5SOc; October, 5.32e
New York Dec. S.--Palne. Murphy & Co
say OF cotton: "Lverpoors final cables
werc IN RESPONSE TO the buldsh feeling
here and closed half point higher than yes
terday, There was no genuine expl9na-
ton for to-day's advance; weather condi-
tons and port receipts which were 1900
bales larger than last year, 0fdinarly
should have caused some liquidation, bui
the local crowd turned buyers. early and
The Germans covered. This gave strength
and the market responded with an advance
Of from 10 10 points, which was held
throughout. The market is honeycomhed.
with orders so buy on . scale which alone
is a bu.lish feature. The close was firm 4"
New York Dec. S.--Hubbard Bros. q Co.
say Of couon Liverpool showed greater
strength than the trade expected caused
our cables state, by the receipt Of letters
from the South and disposition 10 reduce
the crop estimate Here the market opened
steady at an advance which has been
mainiained by the strength of the demand
for January delivery and buying Off the
distant position for foreign account. after
the noon call Receipts at the interior
towns continue 10 exceed last season, but
the temper OF the trade Is very bulllsh
and no attention Is paid 10 the movement
in face Of che strength OF the immediate
/ deliveries The disposition among msr-
4 chants seems 10 be to sustain the Janu-
ary position TO attract cotton here, as they
consider this market is not receiving ,ts
/ proportion OF the receipts The maIkei
/ closed firm no the best prices, with the
trade looking for further advance IN the
morning based on the buying here for
! Liverpool account during the afternoon
/ Our laie Liverpool cables, however, state
holders are more disposed TO sell IN con-
sequence of the lack OF carrying premiums
and The large stock accumulated there.
Traders are not looking for any reasons
but, simply ho.d that the market Will ad.
vance unlil cotton is pointed towards fhe
/ market"