The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-10-16
FRENCH GOLD To
TIDE THEM OVER
Promised in the Event of a
threatened Crisis.
The STREET FEELS EASY
tIso il Looks for Aid From Other
Sources This Week.
COTTON OoLNS EASY AND CLOSES WEAK
The Crop Movement Heavier Than Originally
Estimated. BulIish Review CT Weeks
Developments South a Fac'or the
Bears are loath to Ignore.
LEv the Associate Press

tBy the Associate Press.)
Sew York, Oct. 13.-The market closes
file. week without material change in the
demand for brown sheetings and drills
hich limited business is doing at firm
r,.u,~ Bleached in fair request and very
.r.. uenims, ticks and other coarse col
....r yottons continue scarce. Print cloths
.f. firm but business limited. No change
70. nrIutS or ginghamS. Cotton yarns are
u good demand at full prices for weav-
:.. purposes but hosiery yarns are irreg-
u.r Wooden and wCrsted yarns dull and
easy.
COTTON.
New York. Oct. 13.-The cotton market
omLed easy with prices unchanged to six
,..n.s lower, and was unusually irregu-
lar ID, the short session as a result of
.|I.,ruate waves of buying and selling of
weekend settlement nature. The early
decline was a bear response to weak Liv-
tr.avl cables and a heavier crop move
nruO than originally estimated. On the
down turn nervous shorts hurriedly
turned for profits, and soon after the
call there was a marked change for the
I.,.er in feeling. due mainly to this sup
hort. \ bullish review of the weeks
developments South by the Chronicle and
a Government chart showing continued
rains east of the Mississippi valley were
factors which the bears were loath to
overlook. considering that prices were
down nearly seventy-fve points from top
and hat the long interest had been
greatly reduced. Light investment buying
fur the account of Wall street parties be-
came something of a feature as the ses-
scn progressed. Speculation was not of
a vigorous character at any time in the
forenoon. The market closed weak, with
rrtc5s net four to ten points lower.
Touching the recent decline in cotton,
and its cause. together with th~eprospects
for its future. Haven & Stout. of New
York. had this to say in their weekly
letter of Yesterday:
The government crop report which ap-
reared on Wednesday gave the cotton
market 4 chill. The general opinion had
been that the condition shown by the
official figures would be no higher than
60 and perhaps as low as go. Instead of
this the Agricultural Department made
the average 81. or only one point below
that of September LIST. Previous to this,
speculation in cotton had continued to
widen and to develop an increasingly bull
ta tone on the anticipated report and eX-
rectaticns of an early frost. Prices had
advanced with some rapidity, the level
for every active delivery getting above 10
l-ts. When the government figures came
out change promptly occurred. Heavy
liquidation set in, accompanied by re-
naWcQ short selling which carried prices
downward with considerable violence.
Inasmuch as the government figures
1I not agree with the tenor of previous
private advices. and as the greater part
Of The Improvement it showed was as
crIted to Central Texas, where the dam
aga by floods was estimated at fully 40
0e1 bales. the accuracy of the report was
disputed, although if the figures We're
accepted they would, when applied to
he increased acreage, indicate a crop
ri over 10 COO. 900 bales. On Thursday the
market rallied under covering by shorts
TO take profits in spite of the lower LlV-
erpool market. On Friday, however, 1t
continued to react on lower cables and an
Inclination on the part of the trade to
consider that for the present the gov
>lment report is sustained in its effects
5T the continued heavy movement ana
'orr receipts and the absence of any
Indications of frost. There is certainly
more division of opinion as to the future,
with many believers in a continuance OF
Inc decline for a time at least. On the
other hand. bullish sentiment is not lack
Ing and he weeks developments are re
garte1 hy many as merely an incident IN
The movement of cotton prices to a still
higher level.
NEW YORK.
Wv YORK OF. 10 Cotton futures opened