The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-18
COTTON IS WEAK
At The OPENING
1t Is Influenced by Bearish
Liverpool Cables.
THEN COMES ASHARP RISE.
Unloading Cotton Bought Last Week
Unloading Cotton Bought Last Week
Puts Stop to This
THE TRADE is EXTREMELY NERVOUS
Reports Of Damage by Storm Conflicting. Ex.
pectation Of Much Larges Receipts. Close
Steady at Net Lossof From Tive
to Ten Points.
(By the Associated Press.l

New York, Sept 1.-THE week
opens with very strong cotton goods
market. There has been no change
in the quotation for bieaehed cottons
but in all other staple lines, prices
are rising and higher quotations made
in many instances. Print cloths diff
ficult to buy on basis of 3 1-3e for
regulars. Prints are tending up
wards. Bingham marke very firm.
White goods scarce and against buy
ers- No change in wooden goods,
COTTON.
New York, Sept 17.-Without dis
playing any of the sensational activity
of last week. today's cotton market
was wearing on the trade, being Pc
cularly sensitive to news of al
most any description and to orders
from any point of the compass. The
general swing of fluctuations was the
reverse of t at of Saturday, though
at no time did bear sentiment of a
positive character assert itself. The
influence bearing on the market at
the start was a bearish set of cables
from the ENGLISH market. This led
to a weak opening here with prices
down four to fourteen points under
feverish general selling and almost to-
tai absence of bull support. The de-
cline did not cease with the adjourn
ment of the ''calr' prices further cas-
ing off six to eleven POINTS before re-
cuperation manifested itself. On the
downturn, the South, the public and
professional holders sold nervously,
parties having profits within reach
purchased the cotton offered. Light
receipts. brief spell of nuying on the
reactionary theory, reports that
Southern spot markets were easily
holding their own and claims that the
print cloth situation was Improving
in some respects started sharp adj
vance before the close of the first hour
and during the rest of the forenoon
the market held tolerably steady with
out. however, rallying to the closin~
level of SATURDAY. The market had
another weak turn in the early after
noon and broke to the lowest point
of the dav. under fresh dash to UNI
load cotton accumulated on last weeks
rise. supplemented by struggling
sales for short account. Estimates
for much larger receipts during the
rest of the week were partiallv re-
snonsible for the renewed selling
Though fine weather forecasts and
reasonably good crop accounts figured
prominently as bearish influences.
Trading was active in spasmodic
way. but very little new business
through commission houses appeared.
The trade was extremely nervous in
view of conflicting reports as to the
amount of damage done by the storm
in Texas and mixed opinions bearing
upon tomorrow's weekly Government
renort. Considerable attention was
directed towards Savannah. where re-
ceipts continued heavy, latter due to
haste on the part of exporters to ship
cotton and relieve the strained sitla-
ton abroad. The market closed steady
at net loss of from five to ten points.
LIVERPOOL COTTON.
Liverpool, Sept 1.-THE cotton
market advanced today on strong
New York advices, but quoted later
on disappointing spot sales and heay-
Ter tenders.
NEW YORK.
NEW YoRK, Sept. Election futures opened
EoaR