The morning news., 1899-12-20
COTTON FUTURES.
Market steady with Prices Up ON
Present ana on on Far Months.

Present and on on Far Months.
New York. Dec. l9.-The swing of the
cotton market was decidedly more mar
row. Yesterday it was matter OF 4S
points; to-day 1t was a matter of 10 points,
with the general tendency upward The
opening call developed the fact that a good
many eleventh-hour selling orders had
reached the market from scattered quar-
ters, but these were promptly absorbed.
with the rear positions showing leading
strength They advanced 8 to II points
on the call, while the more remote de-
liveries advanced only to points The
principal cause of the better feeling was
the rehabilitating overtures made In
money circles.
Advices from the Stock Exchange were
of decidedly more reassuring character.
But an underlying element of strength was
The resistance shown by the English cot
ton market in the face of yesterdays $
panicky conditions on this side Of the wa
ter. To the great decline. which oc-
CURED here, Liverpool responded with a
net loss of l to points only, and closed
firm.
Following the opening call, the general
tendency of sentiment was in the dlrec-
ton of more bullish view. In this the
South took the leadership, particularly in
the matter of spot offerings. Investment
buying was no small part of the days
heavy transactions. Covering, however,
was the principal feature. AT the best
point of the day the market showed a net
gain of 12Q13 points. During the session
occasional rumors of renewed panicky
tendencies in Wall street made the cotton
market waver, and indicated the depend
ence OF the staple upon re-establshed con-
ditions In Wall street. IT is estimated that
to-day's business in cotton futures was
considerably less than half of that of yes
terday, when 10000 and 15,000-bale lots
were kicked around the cotton pit like
footballs Some heavy lots were also
dealt In to-day, but as a rule the charac-
ter of the business was much more nor
NAL, and largely in the direction of re-
adjustment, and supported by substantial
margins.
At the close the market was steady in
tone. with prices II to 10 points net higher,
on the present crop months, and l to 2
points net lower on the far months. The
latter was relatively weaker owing TO the
belief that planters were preparing for a
record-breaklng crop in 1900.
New York, Dec. 49, noon.-Cotton fu-
lures opened barely steady; December.
7.0sc; January, 7O6c; February, 712c:
March, 716c April, 7.23c; May, 728c; June
and July. 7.s1o; August, 7.23c; September.
csc; October, 6.S5c.
4p mixtures closed steady: Decem-
Der, 70Sc; January, 712c; February. 717c;
March. 7.2Sc; April. 7.2Sc May and June,
7.32c; July, 1890; August, 728c Septem-
ber, 69Sc; October. $3.50; November. 6.97c.
Liverpool, Dec. 19.-Cotton, spot, in fair
demand, and prices 1-16d3-32d lower;
American middling fair, 1880; good
middln, 4 11-32d; middling. 4 9-32d; low
middling, 3-32d; good ordinary, 29-32d
ordinary, 23-32d. The sales of the day
were 10000 bales, OF which 500 were for
speculation and export and included $500
American; receipts. 5000 bales, including
| 1920 American. Futures opened easy
| and closed firm; American middllng, low
middling clause, December. 40d sellers;
| December-J January, 4.05d sellers; January
February, 4O3d buyers; February March,
! 40ld buyers; March-April, 3.63Qt4.00d buy
ers; April-May, 362d buyers; May-June.
361d sellers; June-July. 3.50a3.6Od buyers;
| July-August, S.5Sd3.59d buyers; August
September, S.55d buyers; September-oc-
| tober, 34913.5Od value.
New Orleans, Dec. 19.-Cotton futures
| closed steady; December, 6.9Sc, bid; Jan
| uary, g. 6966l6. &c; February, 6.9997. .O0c
March, 7.02q7 .03c; April, 7.04Q7 .O5c; May
| Z 7O6d7 .O7c; June. 7Os07 O9c; July, 7.10a
| 711c; August, 6.95d6 SIC; September, 6.GS
| Qs. nc; October. 6.59@6.62c.