The age-herald., 1899-01-27
New York Cotton Market.


 New York, January 26.-A flood of outside investment orders and heavy covering by shorts sent cotton prices up at whirl at the opening this morning, opening sales showing an advance of to points over the close of last night. The bulge was fol- lowed by an almost equally heavy break under an avalanche of realizing sales and quick turn of leading bears.
 While showing more or less feverishness the market steadily improved later in the forenoon and in fact during the rest of the session. The opening furry was directly due to very strong English cables and bullsh advices from nearly all portions of the cotton belt. Even the more rabid bulls were hardly prepared for an advance of to points in futures at Liverpool and an advance of 1-16d in the spot cotton. That the shorts were scared for a time is putting it mildly but with later advices of a less bullish nature local bears regained a more conservative view of the situation. The commission houses received large tele- phonic orders, while the wires were kept hot with business from outside points. The unloading shortly after the call had little
 
 them believed these sales to be for the gen. eral good of the market in that 1t did much to eliminate weaker holdings from the sit- uation. In hammering the market bears only succeeded in creating additional exten- sive short lines without accomplishing the purpose intended. Liverpool both bought and sold all through the session; orders from the continent were chiefly for the pur- chase of the near months. The south was a good buyer around the opening, but later in the day was conspicuous as a seller of the August and new crop months Crop news was practically a reiteration of infor- nation received earlier in the week. Later in the afternoon prices slowly gave way under realizing and Liverpool arbitrage business. The market closed steady 1 point low to net higher.
 Cotton steady; middling, 6ssc; net re- ceipts, 530 bales; gross 4.722; stock, 10S ,097; exports to continent, 50.
 Total today: Net receipts, 22,562; exports to Great Britain, 13,1S4 to continent. 15751; stock, 1.0791S4.
 Consolidated: Net receipts, 1421SS; ex- ports to Great Britain, 51 ,415; to France, 16,- 290; to continent, n 971.
 Total since September l. Net receipts, 6, ,T64, ,1S4; exports to Great Britain, 2,617 orr; to France, 569SS9; to continent, 1854, ,105.
 New Orleans Cotton Market
 New Orleans. January 26.-Cotton firm; sales 4OOO bales; ordinary. 15-16c good or dinary 41sc; low middling, 5Ac middling, 11-1sc; good middling, 5-16c; middling fair 6 13-18c; stock, 45O.156 bales.
 Consolidated: Net receipts. 142, ,1SS bales; exports to Great Britain, S1 ,415 to France, 16, ,290: to continent. 7,971 stock, 1,0701& Cotton futures steady: January, 5.70 bid; February. 57O; March 5.73dt5 75; April. 5.76@ 5.7S; May, 5.So@5.81 June. 5.s3@5.S4 July, z o7. 574; October. 5.7Sd5.74 November. 5.7SQ575; December, 5.T5q5T
 Daily Statement
 alveston-Firm; middling, l5-l6; sales, 425 bales; receipts. 4,535; stock 24O,7 ,753
 Mobile--Firm; middling, 55s; sales, 800 bales; receipts, 6l0; stock, 37 ,623.
 Savannah-Firm; middling 54 sales, 73 bales; receipts, 3,69G stock, 114, ,737
 Charleston--Firm; middling, 5ss; receipts. l51 bales; stock, P S25.
 Wilmington-Firm; middiing, 5ss; receipts, 1914 bales; stock, F, ,661
 Norfolk--Steady; middling, 6; sales, S5 bales; receipts, 1.527: Stock, s, III.
 Baltimore--NomiDal; middlng, GA; re- ceipts, 1,674 bales; stock, 4O,4lS.
 Boston-Steady; mid1ling, 6as receipts. B. 193 bales.
 Philadelphia--Firm middlng, s5s; re- ceipts, 3S9 bales; stock, 10 eg0
 Memphis-Firm: middling 1l-1S; sales, B. 200 bales; receipts, 2.116: stock, 1e6,S23.
 Augusta--Steady; middling 6ss; sales, B. 263 bales; receipts, 4S9; stock, 45, ,56S. ch.eacc -'f-hanoe
 Chicago, January ee.-Such an enormous business as was done in the wheat pit to- day has not had its counterpart the pres ent season, and it is questionable if as gen. eral and heavy a trade was done In a day during the historic Letter deal. Aggres- sive buying under the leadership of Wall street operators at one time during the day