The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-03
COTTON FUTURES.

New York. Feb. At was an exciting
day in the cotton market. with speculation
| fully as large, IL not in excess OF that
of yesterday. Though bull enthusiasm
was at a high pitch when the market
opened, sentiment later was hardly 80 op-
timistic, though far from bearish. with a
great bull flourish the market opened firm
i'm tone at an advance of 5ul0 points. En-
ergetic and general buying soon carried
prices 20 a level 9G1S points above yester-
days closing figures, and for time shorts
were In confusion and bordering on panic.
The cables indicated excitement, with
sensational advances on the English mar
ket.
From the South came news of large bus
mess in spot cotton at an advance of 40
Ac. The statistical situation abroad, as
- i'm the belt was Shown by weekly
figures TO be very strong The invest
ment public took a greater interest in the
staple, and an avalanche Of buying or
ders came from all points Of the COM
pass, notably Europe. The advance car
ried July within points of the coveted
Eight cents" and al signs pointed 10 May
reaching that point before midday. But
when the bulls were most confident and in
the midst of an aggressive movement, the
cabinet news suddenly changed Heavy
liquidation set in on the local exchange
and before a breathing spell wars taken
prices had tumbed 10 10 IL points. Be-
y,
cuperated partially. but spirited bull spec
ulation did not again prevail Persistent
expression of opinion that the new crop
positions We're entirely too high served
to create distrust among holders of these
options. which in turn checked free buy
ing in the nearer positions.
The market in the afternoon was quiet
and generally received from New Orleans
and Liverpool. In view OF the short ses-
sion tomorrow few operators cared to
launch important new ventures more par
ticulariy as advices from South Africa
told of battle being on.
The market closed very steady at net
rise of 4a9 points.
New York. Feb. 2. noon. Cotton futures
opened firm; February. s.OOc; March-April,
Z Soc May 1929; June, 1880; July. 1850;
August. 792c; September, 1890 October,
727c; November. 72lc; December, 7.23c.
p. mixtures closed very steady;
February. 1860 March, 1880; Aprl-May,
1920 June. 1880: July. 1850; August. 1900;
September. 744c; October, 72sc; Novem-
Der, 723c December, 72ic
Liverpool. Feb. 2. p. m.-Cotton--Spot
in moderate demand. and prices. 3-32d
higher: American middling fair. sd good
middling 1850; middling, AID; low mid
ding, 47sd; good ordinary, 7-161: ordi-
nary, 4hd.
The sales of the day we're 900 bales. of
which 800 were for speculation and export.
and included TOO American; receipts, 5000
bales, no American Futures opened firm
and closed unsettled and rregular Amer
lean middling, low middlng clause, Feb
ruary. 439d sellers; February March 437d
sellers: March-Aprll, 1850 sellers; April
May, 4.32d sellers; May-June. 429d sellers.
June-July. AID sellers; July-August. 42j
"a. 2Gd buyers; August September, 42001
Aid sellers; September-October. 411GJ4.i2d
buyers; October November, 403d buyers:
Novem ber- December. 3.63d value.
New Orleans, Feb. 2--Cotton futures
steady; February, Isle bid; March, 77Sa
7.79c; April 77SqT79c; May, 77SqT79c;