The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-22
COTTON MARKETS.

NEW YORK, May 2l.-COTTON-A
heavy business was transacted III cottoil
futures to-day. resulting from u $50,
to liuuidate following weak cables from
the Liverpool market, which private az
vices reported to be in state or coiiapse.
The market here opened 70 points
lowr and further declined<6 70 " poin ~:
Liquidation of long accounts was the
feature Except for some conservative
dealings on the reaction theory, tns
shorts were the best buyers. a re" soo.l
people have been buying in a moderate
way on the belief that the market mas
been oversold and is ntitled TO a cons!d-
cradle reaction. Sentilneiit, in the main,
however, keeps bearish on tn brllilaht
charactr of the crop accounts ana the
sagging tendency of southern spot mar
kets Southerners continue to sell the
new crop positions and send bearlSh ao-
vices regarding the crop outlook Private
advices say there is no special specuia-
ton in cotton at Liverpool, While the
spot demand abroad is slow, following
poor outlook for trade and consumption.
Under. heavy general selling August
dropped to S.75 late in the day, but rallied
slightly near the close on .profit-taking.
finally being steady at a net decline OF
to 20 points.
CoTToN-spot closed quiet at Zig
lower; middling uplands, 81 > LIE; MID
ding gulf, 15-16; sales, 300 bales.
Futures opened steady at the decilne'
May, OIL: June, $50; July, 9.29; August,
sos; September, S.I3; October, IDS; NO
vember, $50; December, Isl; January
7S2: February, 7.S3: March, $50.
Futures closed steady at the decline;
Nav, 9.:}S; June, 9.1S; July. 9.l5; August,
$50; September, S.15; October, I:93; NO
vember. 7.76; December. 10; January
776; February, us; March, '.Sl.
COTTON-Quiet: middling, . 11-16; net
receipts, ga bales; gross, 4,940 bales;
sales 300 bales; stock, $500 bales.
exports TO Great Britain, 81 bales; to the the
Continent, GO92 bales; stock, $500
bales.
Observation-Disclosures receipts, 1o,S22 bales;
exports to Great Britain, 3,146 bales; 10
the Continent, S,S4:' bales.
Total since September 1st--Net receipts,
6,279, 100 bales; exports to Great bTltaln,
2,OS3, 293 bales; to France. 6S:', bales;
TO the Continent, 2,oO3,i2S bales
NEW ORLEANS, May 21.-coTToN-
Futures easy; May nominal; June, $3.50
$50; July, SS66S.S7; August, S,460S.4l ;
September, 7.9l@7.92: October, 7.62Gl' % ;
November. 7.51GlE1. 80; December, 72l@
752; January, I.52@1- go; February, to30
T.J5; March, I.J50l0
LIVERPOOL, May 21.4 p. Moot
TON-Spot quiet; prices 1-32d. lower
American middling, fair, . 49,; good
niddling. 5 5-16; middling, . 90; low
nluUilIS, S5oOu OltiiidAN u 80
ordinary 4 1882. The sales of the day
were 1000 bales of which 500 We're for
speculation and export, and included
$500 American. Receipts, 1000 bales, in
Guiding 5000 bales American.
Futures opened quiet and closed easy
at the decline: American middlins, |. M
c., May, 5 4-G4, value; May and june
5 o-6405 3-G4, buyers; June and July,o0
3 1-64, buyers; July and August, 4 65-64
sellers; August and September, 4 5G-64
sellers; September and October, 4 3t-6i
sellers October and November, 2o-64D
4 26-64, sellers: November and December
4 21-6464 22-64; December and January,
4 19-64@4 20-G4, sellers; January and
February, 4 1864, sellers; February and
March, 4 17-G4M4 1864, buyers.