The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-09-29
ENGLISH MARKET
MAKES ADVANCE
zs
$50
But After First Gables is Sud-
denly Reported Weak.
SHORTS ENDEAVOR TOCOVER
New York Cotton Opens High, But
During the Afternoon Realizing
Sets in and Prices Melt "a
Away Rapidly

New York, September 2S.-Although the
bull portion of the trade had the advantage
in todays cotton market all through the
early session shorts held the better posi-
ton. 1t was a day of great excitement to
say the least. Orders from every direction
were received in large numbers and the
local trade operated on a very heavy scale.
A glance at the bulletin board revealed a
sensational advance in the English market,
prices having jumped up points or more
than three times much as the local
talent had expected in response. to our
firmness of yesterday. AS soon as the
market opened shorts made frantic efforts
to reach cover and first sales of October
reported the remarkable advance of 81
points. But as the call progressed the
cables suddenly reported a weak instead of
strong market on the other side, with the
result that when the opening preliminaries
had been adjusted the far months were a
bare rag points above the close of last
night For a time after the opening the
bulls and bear factions spared for an
opening, the former finally succeeding in
bringing about an opportunity for an adj
vance which, however, was wiped out be-
fore midday. Early in the afternoon heavy
realizing set in and prices melted away in
a remarkable manner. The trading was
very active and the crowd in the pit was
worked up to a high pitch of excitement.
Several 10000 bale lots We're dealt in, and
from that amount single trades ranged all
the way down to the usual 100 and 200 bale
order The late slump failed to dfsplace
the confidence of the rank and file of bulls
and instead of stimulating responsiveness
on the part of bears merely afforded the
latter an opportunity to close up unprofita-
bic ventures with smaller losses. Each
point decline uncovered many limited buy
ing orders and at this the market showed
some of its recent bull aggressiveness.
The close steady at a net gain of Pas
points, the market having rallied on active
covering.
New York. September 2S.-Cotton steady;
mddling, csc; gross. 1910; sales, 1885,
stock 145 765; exports to Great Britain, 20O
France, 2099.
Total today: Net receipts, 81 423; exports
to Great Britain. 500; to France, S,922
to the continent, 10.o6T; stock 629,649.
Consolidated: Net receipts, 20s, 79S: ex-
ports to Great Britain, 81, 1S9; to Franco
9,7S9; to the continent ,202.
Total since September l: Net receipts.
2,054; exports to Great Britain, 15S, 361; to
France 4S,447: to the continent, Eo,S15.
New Orleans Cotton Marke.
NEW orleans, september 2S.-COttOn
steady; sales, $3.50. Ordinary, A 11-16c
good ordinary, 3-16c low middling, 51sc;
middling, 61Rc; good middlng, 624c; mid
ding fair, TIC. Receipts, 4.79S; stock 1884,
$50. Consolidated statement Receipts. net
20J 1873; exports to Great Britain, 81 139: to
France, 97S9; to the continent, 81, 202; stock,
629649.
New Orleans, September 2S.-Cotton fu-
lures steady September. 40 bid; October
iom6.47;. November, 6.4906.50 December
6.5i4655; January, 6.5SG6GO; February. $500
6.64; March, 6.6746.6S; April, 67l@672; May.
61o46.l6; June, 6.796,6.SO.
a'iy ststemens
Galveston-Firm; middling. Ga: sales
l6A; receipts 16 356; stock, 1O3,154
Mobe-Quiet midding, ga; sales, 500: re-
ceipts, rs; stock, 1907
Savannah-Quet and steady; middling.
6la: sales. 2i5; receipts. $3.50; stock, Sc, 500.
Charleston-Firm; middling, GA; receipts
S71; stock, 1920.
Misunderstanding; middling, 612: receipts,
Also; stock, 1888.
Norfolk-Firm; middling, 67s: sales. 1s5:
receipts, 2,022; stock, q 622
Baltimore-Nominal, rs; receipts 500;
stock, G967.
Boston-Quiet; mlddling, G7s: receipts. net,
45; gross 23G.
Philadelphia-Ff middling ia; re-
cepts. 1893; stock, 6.597
st. Louis-Firm; middling Ga; sales,
1,4oO; receipts, 24S5; stock 81. 1885,
Memphis-Firm; midding, 81; receipts.
2,OS9; sales, $3.50; shipments, 973; stock,
6l52o.