Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-09-11
l he Cotton Markets.

| new 1ork, sept 1O.-The intensity
or excitement and activity of specula-
ton on the cotton exchange to-day
were without parallel. Fluctuations
iar exceeded anything recorded, the
extreme being 100 points, with relapses
FREQUENT and violent The market
| opened irregular and excited, with
prices AZ to 81 points higher on an ir-
resistible rush of buying in which
every branch of the trade took part
| Sellers were few and far between, and
without exception parties having heavy
profits within reach. Many OF these
Immediately took the bull side again
and were still long at the close to-
night. Following the call the market
see-sawed at breath taking rate with
the movement in the main gradually
swinging toward higher prices. AS the
morning progressed speculation broad
ened until the market was beyond the
control of even the bulls. Sensational
set-backs followed nerve trying bulEes.
which kept operators of no matter
what belief on the jump to keep pace.
The English market showed CORE
spending gyrations, and private cables
denoted complete chaos in Liverpool
with the bulls being carried along by
the advance. On the local exchange
September solo up TO 1850 as against
$50 Saturday night. The best level of
the later months was so to II points
above the Saturday final figures The
foundation of bull ideas and the chief
cause of the terrific bull speculation
was the news that the best section of
the crop country had been swept by
tropical storm, the equal of which was
not known. Reports. from Central
Texas were vague and totally unsatiS-
factory, which fact tended to increase
! the fears of the shorts and the big
crop theories in general. Liverpool
was similarly influenced, as well as the
New Orleans market. Estimates point
| ing to Il loss of COO to LOCO, 600 bales,
| SnOt L
| ton was in enormous demand South at
| A0A higher prices intensified the con-
victions Of the bulls. The government
rcport for September usually the most
! important of the seasons. cut compare
lively little figure as an influence. The
| general condition was given at 6S2 as
against 10 last month.
At 12:45 p. m, the failures of l.. G..
Schiller and Gay l.. Schiller were an
nounced these brokers being caught
| short by the opening rise. The an
| nouncement OF their suspension did not
seriously disturb the market, as they
were known to have unimportant OBJ
bligations outstanding.
The bull fever reached its height in
the last hour. and under Il slight furry
! OF profit taking near the close prices
settled back few points. The close
/ was irregular and excited. with prices
placed the total transactions at 1850,
GOO bales or 10000 more than ever be-
| fore recorded.
New York Sept 1O-Cotton futures
opened irregular. September. 9.95; Oc-
| tober, 9.S5; November 9.15 December.
9.6S; January. go; February, 9.65;
March, 9.G5; April, 9.6O; May, $50;
June 9.53; July, 9.53
Cotton futures closed Irregular and
excited. September. 1910; October,
1904; November. 9.S2: December 9.63:
January, 9.63; February, $50; March.
9.57; April. 9.55; May. 9.55; June. $50;
July, 9.54.
Spot closed quiet: middling uplands,
iOss: middling gulf. 1875: sales. 165
| bales.
NEW ORLEANS COTTON MARKET.
New Orleans, Sept. 1O.-Cotton flu
lures irregular; September, 104S6010.51;
October, 9.90I9.91: November, 9.64G9.65:
December. 9.60G9.61; January. 9600
| 9.6l; February. 9.60@962; March. 96lGD
| 9.62; April, 9.60I9.62; May. 960@9.62.
LIVERPOOL COTTON MARKET.
Liverpool. Sept 1O.-4 p. m.-Cotton-
| Spot, limited demand; prices higher;
| American middli~~ nd
| The sales of the day We're 5000 bales
| of which 500 were for speculation and
export. and included 100 American.
Receipts, 1000 bales: no American
| Futures opened excited and closed
| Irregular. American middlng: Sep
tember, 56-Gid. buyer; September and
| October. O3G4d. seller: October and
| November 32-Gid. seller: November
and December. l7-GiE,5 1864. sellers;
| December and January 8 l5-Gid. buyer:
January and February. 10-6iG0 3
| 1l-Gid. sellers; February and March. 3
cS-64d. seller; March and April, 03-Gi
| 40 0i-64d. sellers: April and May. 5
| 0i-64d. buyer: May and June. y OF Odd