The times. [volume] (Richmond, Va.) 1890-1903, 1899-10-03
COTTON MARKETS.

NEW YORK. oct. 2-COTTON-It was
q big day on the Cotton Exchange. The
greatest advance I'm prices was a matter
OF IS points. and from start TO hnlsh the
bull faction was in control. FRIDAY 3
queer doing I'm the New Orleans market
had led the trade here To look for m
thing IN the way Of n surprise when the
market opened. more particularly as II
had been rumOred that Liverpool shorts
were IN fun retreat and being closely
followed By jubilant bulls. The initial
sales showed an advance far exceeding
the hopes OF the most optimistic holders,
while subsequent business revealed an
Intensity OF bullish sentiment In outside
speculative circles not even imagined by
the markets best friends. Just previous
10 the opening the superintendent OF the
exchange made the unusual request that
traders name the fun price when making
bids and offers i'm order TO minimize the
possibility OF mistakes N 10 reduce
confusion as much as possible. The
stroke OF the gavel started n wild wave
of speculative activity, which showed lit
tie abatement up 10 the very close. OPEN
ing prices were 1926 points above the
closing of Thursday. and though the
market reacted from time 10 time during
the day, the undercurrent of sentiment
favored stlll further gains. Bulls were
hurried on the start by an advance Of
7@7h points In futures at Liverpool. cou-
pied with rumOrs that spot cotton had
advanced In remarkable form during our
holiday interval. Talk OF frost having
injured cotton in several parts Of the
belt, estimates TOR much smaller receipts
than last year. as well as further severe
reductions in crop estimates and reports
of advances in the price of spot cotton
in the southern markets. added fuel 10
the fire of bullish enthusiasm. Prospects
of frost for the western belt Tonight. and
increasing apprehension that tO-mOrrOW's
Government bulletin would be more bull
ish than generally expected. served 10
check prOht-taking late In the day. Those
parties who had sold out Thursday night
IN the fear Of q slump abroad before
our opening to-day. reinvested soon alter
the market opened. The market closed
firm at a net gain OF 5tQ5f points.
COTTON-Futures opened irregular;
October. G.Sj; November, G94; December,
900; January, 100; February. 100;
March, 7Os; April, I'll; May, ia; June.
III. July, 7l6; August. 1.l6
Futures closed firm: October. Gg6: No
vember, 7o3: December. I'll; January,
III: February. 7.21; March. 725. April.
12s: May. 7.50; June, 49,; July, '5i;
August. 7.3j.
Spot cotton closed steady at an advance
Of 5-1G: middling uplands. Z 3-1G: mid
ding gulf, Z ElG; sales, G,lsG bales.
COTTON-Quiet: middling, Z PIG: net
AfNNAIAEf AFNWV NAAt0H ENNHTH naIHh NNN'E
sales, G,1SG bales: stock. 1893 bales;
exports TO Great Britain. isis bales.
Total to-day-Net receipts. jS.00t bales:
exports 10 Great Britain. 47.713 bales, TO
the Continent. S.727 bales; stock, G69,07t
bales.
Consolidated-Net receipts. 115.019
bales; exports 10 Great Britain. NIB
bales; TO France. 1890 bales; TO the Com
tinent. 2s SOD bales.
Total since September 1st-Net receipts,
On ruT 1n1aas rNnrrfg 70 Ewlar n~ffufu
2f0, 100 bales: to France. Gl.Sfj bales: TO
the Continent, 1869 bales.
NEW ORLEANS. oct. 2.-corToN-
Futurs closed steady: October, $50 asked.
November. G.S3HG.S4. December. G.S9H
$50: March. 1O2a7O3; April, TOGq7.oS;
May. 7.1OQI11. June, 7.1447.15.
LIVERPOOL oct. 81 p. Moot
TON-SpOt in steady demand. prices $id.
higher; American midollng, fair. 4.2,
good miGdling, 4 3-1G: middling, 3 31-32;
low middling. 3 2j-32; good ordinary,
3 1882: ordinary. 3 1882. The sales of
the day were 5000 bales. Of which 500
were for speculation and export. and in
cluded $500 American. Receipts, 5000
bales. including GOO American.
Futures opened firm ~ closed feverish
at the advance: American middling. J. m.
October, 3 J7-64. sellers. october and
November, 3 1854 sellers: November and
December. 3 J4-Gl03 Jj-Gi, sellers: De-
cember and January. 3 53-Gid3 54-Gf.
sellers; January and February. 3 5000
. 54-Gi. sellers: February and March.
3 53-64d3 54-64, buyers: March and April.
3 54-Gf. buyers: April and May. 3 ji-Gfd
> JJ-64, sellers; May and June. = Jj-G4,
buyers: June and July, 3 55-G4H3 1854.
sellers: July and August. 3 5j-G403 JG-Gf.
sellers: August and September, 3 J4-6in
Is Jl-G4, value.