The times. [volume] (Richmond, Va.) 1890-1903, 1900-09-06
COTTON MARKETS

u
another trying day for the bears in all
cotton markets, though notably in Liver
pool and New York. The bears We're
merciless in :, their attacks upon shorts,
and eventually drove the latter into a
frenzy. Nearly everything favored a con-
tnuance of the sensational bull move
ament started here yesterday and Satur-=
day in the English market.
Is cables We're amazingly strong. There
We're buying orders in great NUMBER from
all quarters. The print cloth and cotton
gloom to an exceptionally bright outlook,
while southern spot markets were report
ed to be thriving on heavy demands from
exporters
AT the time of our opening Liverpool
was . to 9la points higher, or far above
an expected fair response to yesterdays
great Improvement there. This at once
caused Generalization in the bear ranks,
and induced leading bulls to aggressively
operate on the long side. First sales
showed an advance of 5 to ID points, with
porary reaction in Liverpool our market
continued to move in an upward direc-
ton during the first hour.
Near midday the retreat Of the bears
developed into a complete rout, and de-
mand from this branch OF trade, in con-
nection with investment buying, gave the
market an exceedingly strong undertone.s
After a brief period OF inactivity the mar
ket once more TOOK an upward direction
in the early afternoon, and soon sur
passed the high point of the morning.
Prices advanced with remarkably ease,
there being practically no Jon Of
fered and protit-taing beins, night. The
announcement that 100000 pieces of print
cloth had been sold in Fall River, and
Inat the cloth-narket situation was the
brightest in many weeks, together with
the report that American SpinnerS We're
competing for supplies in South America
acted as fresh incentive to 4 higher
market Reports that Manchester SPIN
ners were in desperate sstraightS for cot
ton; that Liverpool stocks We're at a low
mark and ocean freight was abnormanY
scarce a all southern ports, thus making
it Impossible to replenisl depicted stores
of European splnners readily. The mar
ket was very feyerish during the last half
hour, with protit-taking prominent,
though not sufficiently heavy to under
mine the market The public was a con-
spicuous buyer all the afternoon on the
belief that Liverpool would show further
improvements Tomorrow. The close was
firm at u net rise of 81 to SO points.
COTTON-Futures opened steady; Sep
TENDER, $50; October, $50; November,
$50; December, $50; January, sos Feb
S.57.
Futures closed firm; September, or;
October, 9.04; November, $50; December,
$50; July, S.S4.
Spot cotton closed steady at 4 advance;
middling upiands, 93s; middling gulf, los;
sales, 80 bales
CO1TON-Steady; niddling, 97s; gross
receipts l,4O9 bales; sales, 80 bales; stock,
27,951 bales; exports to the Continent, Sol
bales.
Total to-day-Net receipts, 1,174 bales;
exports to Great Britain, JOG bales; to the
Continent, 3,101 bales; stock, 10I,935 bales.
Consolidated-Net receipts, 30, S63 bales;
exports to Great Britain, $3.50 bales; TO
the Continent, 4,194 bales.
Total since September 1st-Net receipts,
$3.50 bales; to the Continent, 4 ,194 bales.
NEW ORLEANS, Sept. 5.-coTToN-
Futures closed irregular; September, $50
bid; October, S.99@300; November, SS0@
$50; December, S.7S@S.79;s January, ,SISGl
$40; February, S.SOMS.S2: March, SS2W
Ssh; April, SS3@S.S5; May, SS4@S.S6. !
LIVERPOOL, Sept. 81 P. Moot
higher; American middling. fair, GID;
good midding, L 7-332d.; middling, 6 5-32d.;;
low middlinG, 1-5-u.; good ordinary,
sgd; ordinary. 5 5-16d. The sales of the
day We're 1900 bales of which LOCO were
for speculation and export, and included
l2,10U bales American. Receipts, none.
Futures opened steady and closed
TENDER, 3 56-G4d., sellers; September and
October 1S-64d, buyers; October and
November, 5 l-64eg5 It'd, buyers; No
Vember and December, 4 o7-Gid., buyers;
December and January 4 J2-GiM4 53-64d.,
buyers; January and February, 4 50-64d.,
value; February and March, 4 4I-64@
4S-64d., buyers; March and April,
4 44-64d., buyers; May and June, 42-GIQ1
I bllvarS