The age-herald., 1898-10-18
Cotton Market

undertone has been maintained. due to the active spot demand in Liverpool, favorable Manchester advices, fear of frost and re- stricted movement from the yellow fever infected district. Notwithstanding the heavy receipts, exceeding those of last year, no pronounced pressure against the market is evidenced and the free buying of export CTS has maintained spot quotations at all points. Middling in New York remains steady at 5}sc, while Liverpool quotes mid ding at 3-32d. There is a growing belief that the demand will be sufficient to absorb the crop, now admitted to be large, around current quota tions. Due to more favorable weather throughout the cotton belt, there has been noticeable improvement in the condition of the crop as compared with two weeks ago, every state showing increased prospects excepting Arkansas, where slight damage has been done by heavy rains. Picking has been pushed enefBetlcaliy under favorable weather conditions, Wlth the later pckings showing some improve ment in quality. Various reasons are as- signed for the unexpectedly heavy move ment, some attributing it to the marketing of the invisible supply carried over rom last year. while others assert that the low price and prospective large yield has thrown the planters and their creditors lnto state of semi-panic. It seems to us that more stress should be laid upon the less rigorous quarantine restrictions now pre- vailing than was the case at this time last season, when the movement from MISSES Sippi Louisiana and Texas was greatly re- stricted. This year Texas is scarcely at- fected, and the other states much less se- riously and the heaviest comparative re- ceipts are from this section. In the local contract market the traders have inter- preted the situationas offering more en- couragement to buyers than to sellers ana the bear contingent has grown very eau tiouS, running to cover upon the sllShtest show of strength. After a long and sue cessful campaign on the short side, they seem more inclined to turn to the assist ance of the bulls. It is significant that the extravagant predictions of extreme low prices, recently so freely circulated, have practically ceased.
 In the textile markets the most notable feature is the renewed effort to curtail the production of print cloths at Fall River from November 1 to February l. This movement gives promise of success. The unsatisfactory condition of the cotton goods trade in New England has misled many into believing that this condition Is general. Such is not the case, as our southern mills, as well as foreign spinners, are doing re- munerative business, which Is reflected in their free takings of the raw material.
 New York Cotton Market.
 New York, October 1.-The course of to- days cotton market was upward. Trad ing throughout the session with the excep- ton of few brief periods of dullness was unusually active with covering of old short accounts a notable feature. Opening steady, with November unchanged. There was a marked improvement in prices as the call progressed and by the time June was reached bids were points over Saturdays final figures. The upward movement con tinued following the opening until a net gal of to 8 points was apparent when realizing set in on a small scale, throwing the market backward somewhat Renewed covering together with investment buying from abroad caused the market again to steady and throughout the rest of the day fluctuations were within point or two of the highest figures. Near the close shorts became very nervous The market was excited with the close firm at a net gain of 8 to 10 points.
 Cotton steady; mddling, 7-16; net re- ceipts. 531 bales; gross, 6.053; sales, 155; stock. 60 29S; continent, 3.OO2; France, 95O
 Total today: Net receipts, s2,7S2; ex- ports to Great Britain, 599; to France, $50; to the continent, 42 327; stock, 8l3,52.
 Consolidated Net receipts, 137,167; ex- ports to Great Britain, 31 913; to France, $50; to the continent, 49442.
 Total since September 1: Net receipts, l. 550O55; exports to Great Britain, 4o0,340; France 59, ,9S4; to the continent, 2S73 3S9.
 New Orleans Cotton Market
 New Orleans, October 17-Cotton firm; 5000 Ordinary, 9-16; good ordinary, A; low middling, 45s; mddling, B. good mid- ding, 5-16; midding fair, 5A; receipts, 1S,- 281; stock, 1S1 667.
 Consolidated statement: Receipts. net. 1a7,167 exports to Great Britain, 31,s13; to France, $50; continent, 49,442; stock, S13.527.
 ,,aiIv Statement
 New Orleans, October 17.-Cotton futures steady; October, 492 bid; November, 4.95@ 496; December, 5.O1@5.02; January 5.06@5.O7; February, 5.11G512; March, 517d51S: Aprl, 5.22d5.23 May. 5.2@5.2S June. 5.31@5.93 July, 5.35Q5.37.
 Galveston-Qulet; middling. 5; sales, 267 bales; receipts. 34,2s4; stock, 260, SsO.
 Mobile-Steady; middIing 13-16; sales 800 bales; receipts, 4507; stock, 39,219.
 Savannah-Quiet; middling, AZ; sales l. 629; receipts, 9,942; stock, 127.073.
 Charleston-Steady; mddl,ng, 13-16; re- ceipts, 9649; stock, 52,414.
 Wilmington-Frm middling, 5; receipts, 4S6s bales; stock, 42,211.
 Norfok-Firm; middling, SIS; sales, 543; stock, 5759: stock, 3S, ,733
 Baltimore-Nominal; middling, 5%; re- ceipts, CTS bales; stock, 4,153
 Boston-Dull and easy; middling, 5ss re- ceipts, net, 6S1 bales; stock, Il, ,126
 Philadelphia-Firm; mddling, 11-16; re- ceipts. 103 bales; stock, 5S4S.
 Memphis-Steady; middling. 15-16: sales, 2,75O bales; receipts, S,25S; stock, 62,020
 Augusta-Firm; middling SIS: sales, 347; receipts 3.4S9; stock, 25,265.
 Paine, Msirpt'v !S Co.'s Grain Letter
 Birmingham. October 17.-Liverpool ca- bles were disappointingly strong this morn- ing, refusing to follow our decline of Sat urday consequently our opening reflected the better feeling and showed advances of fl to as above Saturdays close but liberal receipts in northwest and free selling by St. Louis and Minneapolis took what little strength away and caused prices to break below Saturdays close. Not until liberal buying by foreigners were encountered did our market start to improve. which it did