The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1900-09-07
FORTY-TWO POINTS
RISE IN COTTON
Yesterdays Advance Was of a
Truly Sensational Form.
SCARCITY IN LIVERPOOL
Continues to Keep Bull Sentiment IN
All Speculative Market at Fever
Heat-The Changes Were
Quick and Violent

ment in all speculative markets at fever
heat and today advanced prices in truly
sensational form. AS for the local market,
the rise since the movement set in on Tues
day morning. has reached nearly 100 points.
with no sign of the eliminating point hav-
ing been touched On most every hand were
to be seen evidences of the desperate stu
alton in which foreign spinners find them
selves. The market opened strong, excited
and very active. with September up points
and other months q to 81 points higher.
Before noon several violent changes oc-
CURED, the market easing off 10 points at
1890 a. m, but again hardening still later
ON a wild scramble of outside shorts Tor
cover. Europe and the south were by lar
the heaviest purchasers throughout the
season, though the public bought large
blocks of October and January delivery
Whereas, Wall street sold out long stun
heavily around the opening in the belief
that the market had reached the turning
point, this same interest later became one
of the markets most enthusiastic support
ers.
The bull movement derived its source
chiefly from remarkably strong Liverpool
cables, the English cotton advanced 1890
151a points on futures, and 5-32d on spot cot
ton, with private cables reporting nothing
less than a panic among the foreign bears
and spinners. A close examination of the re-
serve stocks in Liverpool showed that 90
per cent OF the cotton in store was entirely
unsuited to the needs of Manchester spin
ners, while at least 40 per cent of the re-
mainder was held tor the account OF parties
not in the market as sellers.
Orders for immediate shipments of spot
cotton were cabled to all American ports,
some 5000 bales were secured in Boston
from representatives of New England
mills and similar amounts were purchased
in the southern ports, for all of which ocean
freight room has been provided. Far from
reacting in the late session, the local mar
ket developed additional strength from pre-
oictions for another bulge in Liverpool to-
morrow, on claims that Mondays govern
ment report would be bullish beyond ex-
pectation, and estimates for very hight re-
ceipts at the ports tomorrow.
Trading was very active, with buying led
by the leadings bulls of the forenoon. Inc
crop and weather news was generally Ia
vorabIe, but was totally disregarded, the
trade giving attention exclusively 10 the
bullish situation abroad.
The market closed strong SO to AZ points
net higher .
New York, Sept '6-Cotton quiet and
steady Middling 1915; gross receipts, sOz;
sales "a; stock, z, 49,; exports to the CONT
nent, 2l5
Total today: Net receipts, S,0f; exports
to Great Britain, 1900; exports to the con-
tinent, 215; stock, 109.s65.
Consolidated: Net receipts, 41,u0; exports
to Great Britain, 9,655; exports to the con-
tinent, 4,409.
Total since September 1: Net receipts A.
$40; exports to Great Britain, $3.50; exports
to the continent, 4,4O9.
..,w LsrieIus lotion Market
New Orleans, September 6-cotton firm;
sales, $500. Ordinary, &c; good ordinary,
9-16c;e low midding, 1-16c; niddling,
IL 1-l6c; good middling, 10 5-l6e; middlng
la ., 10 9-l6c; receipts, 1,Oi3; stock, 2oVZo.
Consolidated statement: Net receipts, A.
3d. exports to Great Britain, $3.50; to the
continent, 4,4o9; stock, lo9,96o.
New Orleans, September Cotton fu-
lures firm. September, 9o5Gg9.S7; October,
93slt934; November, 9.10Q9.l2; December,
9OSp9.Os; January. 9.0Sd99.OS; February, 80
Qsl2; March, 9.12Q9.13; April, al349l5;
May, 9.14Q916
sallF staJsHnei-
Galyeston-Firm; midding, 11-16c; sales
LIS: receipts, 1872; stock, 1924.
Mobile-Nominal; middiing. SIC; receipts,
rs; stock, 4,S1S.
Savannah-Frm; middling, SIC; sales,
4O6 receipts, $3.50; stock, 22,266.
Charleston--Firm mlddling, ZIG to 9h2c;
sales, 60; receipts, 3S2; stock, 1926.
Wilmington-Firm; middling, SAC; re-
ceipts, 1856; stock, 9,912
Norfolk-Firm; mddling, 7-16c; sales,
A; receipts, 1888; stock, 3,116.
acknowledgements; middling. f0c; stock,
500.
Boston-Steady; rniddling, sac; net re-
ceIpts, Is; gross, LII.
Philadelphia-Firm; middling, 10ssc; re-
ceipts, 80; stock, 1906.
D.. Louis-Firm; middling, Sic; receipts,
IS; stock, zoos
Memphis-Firm; middling, 97sc; receipts,
10; shipments. l; sales, AGO; stock, 1851.
Liverpool Cotton Market
Liverpool, Sept. 6, 4 p. m.-Cotton-Spot
in fair demand; prices higher; American
middling Sled. The sales of the day were
10000 bales, of which 1000 were for specu-
lation and export, and included S,4OO Amer
lean. Receipts 1900 bales, including 3G
American. Futures opened firm and closed
firm; American middling, September, sos,
September October 5.33q5 3i October-No-
yember 5.14QI5. Is, ACKNOWLEDGEMENTS 5-07.
December January .03 January-Feb-
ruary 463@5. 90, FebruaryMarch 4ssl,
March April A 5914. so, April-May 4.58d4. 50,
May-June 4.56Q4.57. -
Dry Goods
New York, Sept. 6.-No further business
reported in regular print cloths, but orders
are in good request and wide makes are
1-16c dearer. Heavy brown cottons do not
respond to the advance in raw cotton. De-
mand Indifferent and readily met for quick
deliveries. Sellers are shy on forward ceA-
tracts. Bleached cottons are quiet and th-
changed. Wide sheetings are steady.
Coarse colored cottons are in moderate ne.
quest at previous prices. Prints are with
out change. Ginghams are dull. Cotton
Innings are generally inactive. Silks are
selling indifferently at irregular prices.
The jobbing trade is good.
Cotton Letter
Fairchild & Hobsons Cotton Letter to H
d. Cothran G. Co.
New Orleans, September 6.-Since the
closing of last Saturday, September con-