The times. [volume] (Richmond, Va.) 1890-1903, 1900-08-08


steady In tone, with prices 1 to 3 points
higher on near months, and 2 to points
lower on far months. Bare supremacy
soon asserted itself after the call and
under fairly active selling for both ac-
counts prices crumbled quite sharply
The late cables from abroad We're ul-
friendly, nearly all information from the
cotton territory was optimistic concern
ing the crop development, while from
consuming centres the news was pessi-
mistic in the extreme. By midday the
", while before P. M. smaller bears
were in full retreat The OFFICIAL crop
summary from Washington proved to be
quite a surprise, in that it showed more
promising conditions in Georgia, Florida
and Louisiana than expected, where
shedding, rust and premature opening
We're complained OF. The crop IN texas
was reported two to three weeks tate,
with rank growth; shedding and insect
damage reported in the southern portion
OF the State. Elsewhere the crop was re.
Ported generally improved. The effect OF
ihis news upon the market was 1nstan-
taneous, though fully half an hour passed
before the buying movement reached its
height. Prices advanced rapidly, and eN',
tensively, with the winter months show.
PIG the degrees of strength. As AGAINST
t.99 in the morning, October advanced to
e.17 before q reaction set in. January
advanced from 7.S5 to sos. At the best
net rise of IL to II points. Europe bought
on the call, sold later in the morning.
then once more became buyer late In the
Gay. The South and room trade soid
turned for cover Warehouses were ac-
tive buyers on the upturn. The market
was finally steady, with prices y to i
points higher.
COTTON = Futures opened barely
steady; August, S.63; September, SO;
October, 500; November, 1872; December
1s9; January, 7;s9; March, I.99; April
SO. Nav. June I.3S
Futures closed steady; August. $40;
September, S.35; October, SIG; November,
ruary, sos; March, S.07; April, S.12; May,
S.1i: June, SIG.
Spot cotton closed quiet at 3-1sc. adj
vance; middling uplands, 8 11-1G; MIDI
CoTToN-ouiet: middling, 8 11-1e;
gross receipts, 73S bales; sales, 1914
bales; stock, 25,904 bales; exports to
Great Britain 2.2l6 bales; to the Cont
nent, 1872 bales
Total to-day-Net receipts, 1873 bales;
exports to Great Britain, S,29S bales; to
the Continent. 4,476 bales; stock, 96,936
naleS.
Consolidated-Net receipts, 1907 bales;
exports to Great Britain, 15,72S bales; to
the Continent, 11,259 bales.
Total since September 1st-Net receipts,
s.a92 ~ bales; exports to Great Britain,
s.315,0s9 bales; to France, 9,s76 bales;
to the Continent, 2,699l2S bales.
NEW ORLEANS, Aug. 7-COTTON-
Futures closed steady; August, S.91@S.92;
September, S.22@S.23; October, S.19aS.20;
November, 1.S3@1.s5; December, 1910
7-S2; January, I.S3@7S4; February, 1850
So: March, 1.Se@l.9O; April, 7.9Q9I.92;
May. I.92@7.94.
LIVERPOOL, Aug. II p. Moot
ToN-Small business; prices favor buy
ers; American middling, 5 I-16d. The
sales of the day were 1000 bales, none
Tor speculation and export, and included
:,400 bales American Receipts 5000
bales, including 1900 American.
Futures opened quiet and closed steady;
American middling, /. c., August,
. 9-6iQ5 1871; August and September,
1854, buyers; September and October,
t 4u-64, buyers; October and November,
4 31-64a4 32-6i, buyers; November and
December, 26-64Qi 2I-64, value; Decem-
Der and January, 1 It'll, sellers; January
ana February, z2-G4, buyers; February,
4 22-64, buyers; February and March,
4 2o-64q4 2l-64, buyers; March and April,
l9-6i01 2o-64 buyers; April and May,
4 1854, sellers.