The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-21
DOWN co PRICES
OF COTTON AGAIN
Active Selling Here Follows
a Decline Abroad.
BIG RECEIPTS REPORTED
Southern Markets Unsettled. Ameri
can Spinners Buying no Spot.
THE CROP REPORTS SHOW NO CHANGE
Close Here Barely Steady at Net Decline cf
Twenty-Five to Twenty-Five Points.
After Heavy Liquidation Stocks
Closed Quiet ard Steady.
(By the Associated Press.)

dry goods was quiet in all lines or staple
cottons so far as the demand goes, but
tone continues strong. No further adj
vances reported of any moment. Stocks
of brown, bleached and coarse colored
cottons reported cleaned up almost en-
tirely. Business in prints continues good
but print cloths are firm. Ginghams very
firm. Cotton Innings advancing in kid
cambrics, silesias, percalines, etc.
COTTON.
New York, Sept 20.-Great excitement
prevailed at the Cotton Exchange upon
the resumption of business this morning.
The English cables instead of coming
higher as expected reported a decline.
Selling became very active, and the open
ing call was at a decline of fifteen to
twenty-four points. The selling was gen.
eral, and with adyices generally bearish
the decline was increased to twenty-seven
to thirty points. Receipts at the interior
towns were a decidedly bearish factor,
being much larger than the movement
of last year The weakness was increased
by reports Of unsettled Southern markets
with spot buyers said to be retreating
and the English markets declining I'M
der pressure of increasing offerings for
nearby shipment which were emphasized
by the withdrawal of American spinners
from the spot markets. Indications of
heavy receipts tomorrow also added to
the selling movement. Crop accounts were
certainly no worse, if they were not more
favorable. Selling for Wall Street was
an active feature. At times however the
market was very irregular and almost
panicky. Shorts were about the only sup
port, although a few substantial parties
N1AA oil
was barely steady at net decline of
twenty points.
COTTON SPECIAL.
New York, Sept. 20.-The cotton mar
let was excited pretty much all through
tcday's session with prices tumbling
around at much the same sensational
rate as during the great bull movement
of some two weeks ago. Only today's
fluctuations were in the nature of a col
lapse in all months.
Speculation swept through the market
in waves and consisted for the most part
of liquidation by holders who had held
through the late declines stubbornly
Weak cables weakness in Wall Street,
heavy receipts in the South, weak South
ern spot markets, foreign selling pres
sure and an almost total absence Of
speculative support OF any ueScrlpIloh
were the factors which created havoc in
bull circles and prompted the bears to in
wade their opponents territory. The
opening was irregular at a, decline Of 10
to "a points. After rally of ten to twelve
points the market once more plunged
downward under terrific selling from all
quarters. Predictions for still heavier
receipts and rumors that Southern spot
markets were on the verge of a heavy
slump, added to the woes of lucl1less hold
ers and increased the jubilation of the
shorts who were merciless in their raids.
The close was barely steady at about the
lowest figures of the day, net decline
OF twenty-five to twenty nine points. The
days transactions were conservatively
estimated at GOO bales.
LIVERPOOL COTTON.
Liverpool, Sept 20.-The cotton market
opened higher, but prices afterwards de-
clined in consequence of poor demand
from the trade and bearish reports from
America
NEW YORK.
NEW YORK, Sept. 20 Cotton futures opened
OF+ton fnfuro. cloaod hardly, etaad,,