The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-28
COTTON MARKETS.

COTTON MARKETS.
NEW YORK. Sept. 2T.ICOTTON-After
a very exciting day the market for cotton
futures closed firm at a net advance or
10 to % points. This represents a rise
since the bull movement set In OF o. 10
6S points. The highest price recorded
today as contrastcd with the close OF ten
days ago showed a gain OF II points.
The opening of the market found ideas
very much mixed. owing to the uneN-
pested break OF . points at Liverpool.
Less confident holders were inclined 10
unload when October had been reached
on the call, with the result that near
months developed a decline OF j 10 ;
points. Bull enthusiasm soon 0vercame
the ap~prchensiOns OF smaller longs as
support In the shape Of very heavy buy
ing orders came in from all directions,
and before the opening call had been dis
posed OF n rise Of . TO 4 points on the
far months had taken place. From this
time on there was scarcely a Wavering
in the upward movement. and al no time
was the market quiet. The European cot
ton trade abandoned their bearish attl-
tudc. and a general break 10 cover was
made in Liverpool prices at the latter
point. showing q net rise for the day or
2 10 1 points. The Liverpool market
closed excited and irregular. Conspicu-
Gus among buyers locally were WELL
known New Orleans and philadelphia eN-
port houses and representatives, OF east
ern cotton mills. Bullish sentiment was
%engendercd in investment circles by pri-
vate and Official declarations that re-
CENTS might be expected 10 fall on, and
news that prices I'm southern spot markets
had again advanced 1-l6 10 al mary
points. TO-day's port receipts feI 500
bales behind estimates. and over 1000
bales behind the amount received the
same day asst year. The port movement
thus far his week shows a decrease as
compared with that OF the same time a
year ago OF nearly 10000 bales.
The bull contingent in the local col.o.
market continues 10 score unparallelel
Success. Including to-day's phenomenal
rise. the total advance within the last
ten DAYS has been nearly 100 points. time
after lime on the rise holders or COTTON
have sold for profits on the od idea lhal
the market. under the ordinary order on
fhfnce must necessarily suffer a reaction.
Developments proved that regular condl-
lions counted for nought on this occa-
sion. After a somewhat irregular OPEN
ing the course Of prices was slta4"F ui-
ward SHORTLY after midday January
touched GS3. this being a net gam OF
points. Commission house, Europe. me
south. shorts and the bull faction ai
bought freely. Taken as a whole, the gay,
here witnessed one OF the most excited
sessions recorded in ovr a year.
CoTToN-Futures opened steady; octo-
Der. G.3S: November, Gao DeceInoer
G5s: January. G63 February 6o'i
March. 673. April and May, CSC; june
and July. G.S1; August. 6e5.
Spot cotton closed quiet az hlshei'
middling u%plands, 6Is; do. gun ~ safes
Futures closed firm: September. 55S;
October. $50. November, 60; DecempeI,
G76. January. G.S2. FEBRUARY. po''
March Gss. April. 600; May, Oel; june
COG: July. G.97; August, G91.
cOTTON-steady: middling 81; gross
receipts. 73G bales; sales. @2 bales siock'
as gtt bales. exports 10 France. 81 pdiea'
Total to-day-Net receipts, 3D,"sl palesi
exnorts TO Great Britain 2O'b1p paies 20
France. S17 bales. TO the COhlheHt' i'iVV'
stock. Gi0.Gc3 bales. .
Consolidated-Net receipts, lt55'' naies'
ovoorts t0 Great Britain. 46O39 Dales 10
France. SIT bales; TO the continent ftIfl
bales. -oooi,t,
G5i.5G1 bales, EXPORTS 10 DIsa' Gll,''t to
1921 bales. TO France. BOA D''e7' W
the continent. 1G07Jl bales.
NEW ORLEANS. sept. 21-coTToN-
Futures closed firm; September 20 Dt ,a.
October. G44GG4j. November ot-l.
December. G~.530G.j4; January D.3.4o.SS
February. GG10GG2: March, oo''coeo'
Aprl. GG9aG70. May, GU; june o.''t
OF.
rJvERPOOL. Sept. 27.-COTTON-Spot
I'm fair demand: prices l-52d- higher
American middling. fair, 4 l-lO. so9q m,a
ding. 4: middling. 34i lO" nS I
. o-fG. GOOD ordinary. BIS; ordlnads,
z 8-iG. The sales of the day We're l1,yoO
balcs. of which 1000 were lot epsLua
lion and export. and included 500 Afheao
lean. Receipts, 1900 bales, including 2''VO
Futnres opened easy at the decline, Dnt
reacted and closed irregular ana sgIlT,
what excited at the advance, vi" al cf4
wid5linr m. O.. september . fN-pit
: 4o-64. value; September and ana Sod o %o,
. AG-Gt03 1864. buyers: october anu
oororcr 2 45-G4Q3 4G-Gf buyers NoN1nl-
her. and december. 3 4i-Gi buyers Dg-
e e Der and January, 2 2d l3-Giq$ go : 4sl ga
eis. 20 %eoilers. February and March,
3 8 H-'eG, sellers: March Tei and and Nav M51. : 3 ' 451di.
3 4'-of' go. ord T1ne. 3 5000 1864.
s sners inne and July. 3 46-6t' ~sellers'
Iulv and August. 3 46-Gi' buyers