The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-28
ANOTHER WILD
DAY jim COT ton
A Net Advance of 10 to 20
Points at the Close.
UPWARD MARCH STEADY
FOREIGN COTTON BUYERS ABAN-
DON BEARISH TACTICS.
PORT RECEIPTS BEHIND THE ESTIMATES
PORT RECEIPTS BEHIND THE ESTIMATES
The Port Movement thus Far this Week Shows
Decrease as Compared With the
Same Time Last Year Of
Nearly 10000 Bales.

New York, Sept. 2I.-Bleached c0ttonS
advancing. Brown sheetings and drills
strong. Good sales of four yard sheet
ings at Az. Sellers very reserved over
forward business. Ducks tending up
ward. Denims scarce and strong
Other coarse colored cottons very firm.
Regular print cloths idle, but good de-
mand for wide odds with prices stiffen-
ing. Prints and ginghams unchanged
No change in wooden or worsted goods.
Auction sale of 10000 pieces in
plain and fancy alike, took place today
and passed off with good results.
COTTON.
New York, Sept 2T.-The bull con-
tingent in the local cotton market con-
tinues to score unparalleled successes.
Including today's phenomenal rise the
total advance within the last ten days
has been nearly 10 points. Time after
time, on the rise, holders of cotton have
sold for profits on the old idea, that
the market under ordinary order of
things must necessarily suffer a reaction.
Developments regularly proved that pre-
vious customs counted for naught in this
particular instance. The investment
public entered into speculation with a
vim seldom equaled and seemed to have
the utmost confidence in the market
After somewhat irregular opening
the course of prices was steadily up
ward. Shortly after midday January
touched $50, this being net gain of
81 points. Commission houses, Europe,
the South,s shorts and the bull faction,
all bought freely. Taken as whole.
the day here witnessed one of the most
excited sessions recorded in over year.
The opening Of the market found ideas
very much mixed, owing to the unex-
pected break of 2 points at Liverpool.
Less confident holders were inclined to
unload when October had been reached
on the call with the result that near
months developed a decline of | to 3
points. Bull enthusiasm soon overcame
the apprehension of smaller longs, as
support in the shape of very heavy
buying orders came in from all directions
and before the opening call had been
disposed of rise of 2 TO points on
the far months had taken place. From
this time ON there was scarcely waver
ing in the upward movement, and at no
time was the market quiet. The Euro
pean cotton trade abandoned their bear
ish attitude, and general break to COW
er was made in Liverpool prices at the
latter point, showing a net rise for the
day of 3 to points. Ihe Liverpool
market closed excited and irregular.
Conspicuous among buyers locally were
well known New Orleans and Phiiadel-
phia export houses and representatives
of Eastern cotton mills.
Bullish sentiment was engendered in
investment circles by private and Off
cial declarations that receipts might be
expected to fall off and news that prices
in Southern spot markets had again adj
vanced Lie to 1Ac at many points.
Today's port receipts fell 500 bales be-
hind estimates, and over 10000 bales
behind the amount received the same
day last year. The port movement thus
far this week shows a decrease as com
pared with that of the same time a year
ago of nearly 10000 bales.
NEW YORK.
New York, Sept. N-Ootton futures opened