The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-27

5 NEW = YORK, Nov. oG.-COIION-ltz
was a day of sort trial and disappoint-t
ment to the friends Of cotton, and many
pet ideas to the probable course OF
events concerning values in the near fu-5
ture We're destroyed with the first halt
hour. Whereas everything during the
previous week had seemed to favor bull
movement OF no mean proportions, indl-
cations this morning before the opening
cali appeared to shape toward disas-4
developments. The cables We're astound-
inGly weak, with Liverpool credited with
having. sent many selling orders to our
pit. Efivate reports had it that the Car
was dying. that Europe was being flooded
with selling orders from Southern spots,
and receipts during the next few weeks
would considerably eXceeId the volume Of
the last ten days
Under this formidable array of bearish
influences longs forced over great blocks
of cotton purchased around $50 to $50
for January on the belief that 10c. cot
ton was assured The market opened
under the pressure thus brought to bear.
Low though they were, the initial figures
proved to be the best of the session, as
the lquidatlng process continued in full
sway to the very close.
The South sent selling orders in great
numbers. and Wall Street dumped over
many thousand bales, which shorts de-
string profits were unable to absorb.
There seemed to be no bottom in sight,
and while occasional few points raise oc-
CURED. the general tendency of the mar
ket was steadily downward. In the early
afternoon the last hopes of the bulls was
swept away by estimates for large re-
ceipts at New Orleans and Houston to-
morrow and by official notification that
southern markets were easier and from
Jig to * lower. The New Orleans specu-
lative market presented a weak front,
and every hand were evidences that
supporters of cotton were retreating,
While the bears were momentarily gain
ing strength.
At the close the market was steady at
a decline of 81 to 81 points, about the
lowest level of the day.
COTTON-Futures opened easy: Novem-
Der, $50; December 9S6; January, go;
February. OIL; March. go; April, 9.G6;
May, 9G3; June $50; July, 9.5S; August,
9.43
Futures closed steady at the decline;
November. 9.S4; December. 9G2; January,
o.53: May, Col; June. $40; July, 9.49;
August. 9.34: September. $50.
Spot cotton quiet; middling uplands,
101s; do. gulf, 10:Hs; sales. Ill bales
CoTT09N-Quiet: middling.. JOS: net re
III bales: gross. 43,767 bales.
Total to-day-Net receipts. A COL bales;
exports to Great Britain, 349 bales; to
France. 10,350 bales; to the Continent, s.
SIS bales: stock, 1924 bales.
Consolidated-Net receipts. S4.252 bales:
exports to Great Britain. 1888 bales; to
France. 1880 bales; to the Continent,
44.499 bales.
Total since September 1st-Net receipts,
3.151.S13 bales: exports to Great Britain,
1,16S, SOC bales; to France, 244,0ol bales;
to the Continent I96.576 bales.
NEW ORLEANS, Nov. oG.-COTTON-
Futures steady: November. $40 bid; De-
cember, 9.45G9.46; January, 9.41d9.42;
February. 9.42M9.43: March. 9.42G3.43;
April. 9.42G9.44; May, 9.42@9.43; June,
9.42@9.44; July, 0.42G9.44.
LIVERPOOL. Nov. 2G--4 P. Moot
TON-Spot in fair demand: prices lower;
American middling. fair. Cd: good mid
ding, > 11-1Gd-: middlinE, 29-32d.: low
middling, ) 13-32d.; good ordinary:
:, sgd; ordinary, + 29-32d. The sales of
the day We're 10000 bales of which 800
were for speculation and export and in
Guided $500 American. Receipts. none.
Futures opened quiet and closed dull;
American middling. ]. m. c., November,
) 2S-G4d.. sellers; November and Decem-
and January, :, o2-640J 23-G4d., sellers:
January and February, ) 21-G4d., buyers;
February and March. 19-64d.. buyers;
March and April ) 17-64m5 1s-G4d. SELL
ers: April and May, 5 13-64GlJ 1G-G4d..
buyerSs May and June, ) 1l-G4d. buyers:
June and July. > 12-Gid.. buyers: July and
August. ; 1O-G4d.. sellers; August and
September, Cd sellers.
NEW YORK PRODUCE MARKET.