The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-17
COTTON MARKETS.

NEW YORK, May 1G.-COTToN-The
cotton market opened active but weak,
declining , TO points on the first call.
with subsequent business increasing the
decline to S to IL points under a tremen-
dous selling movement, largely for the
purpose of liquidation OF long accounts,
but in good part increasing the short
lines of the more confident bear traders
There was some buying on the theory of
a reaction from an overSold market Inc
weakness was due to private accounts re-
f1ecting a demoralized condition OF affairs
in the English market In response to the
weakness here. Selling orders from the
South were very heavy, and reflected a
bearish sentiment in the planting sec
lions, while receipts at the ports were
larger. Notwithstanding these. bearish
conditions there were few rallies, with
conservative shorts inclined to take pro-
fits. The local trade, as rule, however,
continued to sell on the theory that a.
heavy long interest yet remains to be
Hquidated in the face of unfavorable
condition of the Manchester and Lanca-
shire. Just prior to the close the market
steadied on brisk prOfit-taking, and was
finally steady at net decline OF TO II
points on present crop months and I'M
changed to points higher on crop de-
IverieS.
COTTON-Futures opened steady; May,
$50; June, 9.32; July. 932; August, 900;
September. BIG; October, 1872; Novem-
Der, 7.73; December, 49,. January, TIC;
February, III; March, 49,
Futures closed steady; May, GAS: June
9.31; July, 9.31; August, COL; September,
SO: October, 500: November. 7.S4; De-
cember. 7.S3; January, 7.s5; February,
Spot cotton closed quiet at 1-1G lower;
middling. uplands, 9A; middlinS gulf, TO-;
sales, 600 bales.
coTToN-ouiet; middling, 92.; net re
ceipts, 2 bales; gross. 2670 bales; sales,
500 bales; stock. 49, 33 bales.
Total to-day-Net receipts, 6,G51 bales;
exports to France, TAT bales; to the Con-
tinent, 470 bales; stock, 329, 445 bales.
Consolidated-Net receipts, &c, SOB bales;
exports to Great Britain, 1870 bales; to
France, S,I03 bales; to the Continent, 3d.
S57 bales.
Total since September 1st-Net receipts,
6,25S, 636 bales; exports to Great Britain
o,0SOO46 bales: to France, 6S2, SSS bales;
to the Continent, 2,493, 5S3 bales.
NEW ORLEANS. May 1e.-coTToN-
Futures steady; May. 900 bid; June, sos
19.o9: July, O.OSG9.O9; August, S.14; Sep
TENDER, S06@S.o7: october, 7.75@7.17; No
January 1927. SO; February, 1891 Go;
March, 7.64@1 sc.
LIVERPOOL. May 16.A P. Moot
ToN-Spot quiet; prices 1-16 to 3532d.
good middling, SIG; middling. 5 7-32;
low middling, 3 1882; good ordinary,
3-32; ordinary, 1912. The sales of the
day We're 5000 bales, of which 800 were
for speculation and export. and included
$500 American. Receipts, 1900 bales,
including $500 American.
Futures opened easy and closed steady
at the decline; American middling, /. m.
c., May. 5 6-G4@5 1854, sellers; May and
June, 5-G4, buyers; June and July.
; 1854, value; July and August. 5 1-Gi0D
) 2-G4. sellers; August and September,
4 5S-6444 59-64, sellers; September and
October 1854, buyers; October and No
vember, 4 25-64GO4 26-64, sellers; Novem-
Der and December, 4 20-G4tGl4 21-64, buy
ers: December and January, + 1S-640
1864, buyers; January and February,
February and March, 16-64@4 11-64,
buyers.