The age-herald., 1900-02-10
COTTON CLOSED
 AT NET DECLINE Late Cables Were UnfavorabIe l and Selling Became Active. LIVERPOOL. FINISHED WEAK
Advices Reached the Exchange Indicat- r ing That the Southern Spot Mar
 kets Were Not influenced by
 Reaction at Liverpool


 < New York, February s.-s1-he cotton mar ket opened barely steady, with near posi- tions to ' points higher, and remote de- liveries unchanged to 1 point lower. The action of the early market was disappoinf- ing in view of an advance of 41s6D6 points in the early Liverpool market Later cables were decidedly unfavorable, and selling be- came very active
 The Liverpool market not only lost the early gain, but closed weak and irregular at a net loss of F to 2-64. This was too much Tor the local market to stand and a large quantity of long cotton loosely held was thrown over. Selling to secure profits be- came very heavy and prices broke IS to 25 points.
 failure was officially announced, but had no effect, as it was announced that the firm would meet all obligations immediate ly. About the time advices reached the exchange indicating that the southern spot markets were not being influenced by the reaction at Liverpool, and the selling movement at New York, and that southern spot holders were generally bullish on be- lief that European spinners were still in position that would force them to buy
 
 active covering, and some buying for re- action, which carried prices 6 to 19 points rp from the lowest figures. The market closed steady at net de- cline of to Il points.
 New York, February 9.-Cotton quiet; middling. 9-16: net receipts 50; gross, B. 7S3; stock, 117.S4o exports to Great Britain 473; to France, I; to the Continent 9572; stock, 1 OPS 121.s +" Consolidated: Net receipts, 2O7,sl1; ex- ports to Great Britain, 4o,2S1; to France, 21.- 95S: to the Continent S5 ,46i t Total since September 1: Net receipts, 4.- 955 ,211; exports to Great rBitafn, 1,342, ,5s2; to France, 5i5947; to the Continent, 1,576, ,29l.
 Comparative Statement. New York February 9-Comparative cot-- ton statement for the week ending Friday February g: l. ; Net receipts at all United States
 ports during week....... ..... ..... e0I,3n Net receipts at all Untted States
 ports same week last year.. -. 123,739 Total receipts to this date ...... 4,955,211 Total receipts to same date last
 year.. ........ .,..-..- .6,slS.o9l Exports for the week. :-.. :..... 14s,703 Exports for the same week last year 5s,s3s Total exports to tr,is date...... .....3 461, ,S14 Total exports to same date last
 year.. .......... ...-.--...5,47l,152 Stock at all United States ports. 1,02S,1n Stock at all United States ports same
 time Hast year,. ......f .ly..... S9a 3s9 2 Stock at all interior towns = ". .s.s 63s, ,0i2- Stock at all interior towns same
 time last year,. ........ ....... 5o5, ,2Ss Stock at Liverpool. .......... ....... 640,000 Stock at Liverpool same time last
 year,. ........ ...-.... ............1 754.O .OOO Stoch of American afloat for Great
 Brftain... ........ .......... 95i, ,OOe Stocf of American af1oat for Great
 Britain same time last year. ....... 235, 900
 New Nrleans Cotton Martr.
 New Orleans February 9.-Cotton steady; sales, 9,6O0; ordinary. 7lsc; good ordinary 75sc: low middling, 1-16c; middling. 5-16c. good middling, SEC; middling fair, 13-16c; receipts. 10. .050: stock. 41S,772
 Consolidated statement: Receipts, net 207,311 exports to Great Britain, 40 251; ex- ports to France. 21 ,95S exports to the con- tinent. S5,464; stock, 1,O2s,121. New Orleans, February 9.-Cotton fu- lures steady; February, BPS. nominal; March, S.249S.25; April, s.246IS. .25 May, S.25dS2s; June. S.24e1S. .25; July, s.246f8 ss; August, s.e9dS.1O; September, 7.59I7. .55, October, 7.32,d7 .33; November, 7.1987. .21; December, 7.2o@7.21.
 ..''v State>a.n