The age-herald., 1901-07-26
ANOTHER WEAK
 COTTON MARKET. There Was a Total Absence ot Speculative Support LIV ERPOOL LlQUIOATlNG Spot Cotton Markets Were Heavy, But Few Reported Declines Worthy of Mention-cIosed Almost
 Steady in Tone.

New York, July 25.-The cotton market was weaker again today, with prices one step lower under heavy liquidation, bear selling and total absence of speculative support. Operations were active in spasmodic way from the start with the August option leading the decline. First sales showed decline of four to nine points, with the market officially bulletin ed steady at the decline" Pronounced weakness as developed before the next ten minutes elapsed and prices dwindled rapidly as long as cotton sought almost vainly for resting place. The low point of the morning indicated decline of Il to IS points. Then came a slight rally on profit taking and q temporary lull in the liquidation movement. The list as whole worked up five to six points and this led faint hearted bulls to predict turn in the course of the market and a rally. But later in the afternoon the market again turned weak and went off to the lowest level of the day. A promi- nent factor in the early decline was sem sation weakness in Liverpool due to tremendous liquidation and apathy on the part of spectators. Supplementing the cables were reports that good rains had fallen over Northern Texas, and that showery conditions were likely tonight and tomorrow over most of Texas and all of Oklahoma and the Indian Territory. Drouth damage news from the southwest was fairly plentiful, but few advices con- tained buying orders to give weight to IeI. l>.,II tntx ,t1kl Af hA Parts of the cotton belt also received rains, while the eastern belt was being restored to new life by clear mild wealth CT. Receipts at the ports continued very small Spot cotton markets were heavy but few reported declines worthy of men tion. The market was finally steady with prices net 12 to F points lower.
 New York July &.--Cotton quiet; mid ding. S1s net receipts, 267; gross receipts S49; sales, 127; stock, 1S5.67S
 Total today Net receipts, 4,32S; exports to Great Britain, 7,521; France, 2,s62 stock 370. .s55
 ports to Great Britain, 25,54O; France, l2,- 470; Continent, A,529.
 Total since September l. Net receipts, T418, ,163; exports to Great Britain, 2,992,- 200; France, 720,0T; Continent, 2,50s,006. New Orleans Cotton Market. New Orleans, July 25.--some little trad Ing in spot cotton was indulged in during the early hours today, but presumably, as the result of inspections made yester- day. since the weather this morning was too overcast and murky to admit of sat- isfactory examinations of samples being made The market is easy with dis tinct leading toward lower prices. Liver pool has broken badly, both for spots and contracts and apparently has lost faith in the Texas calamity prophets, to the extent, at least, that mill orders from that quarter are decreasing in volume; sales today 1450 bales, including 450 to arrive. Prices 1-16o lower.
 The market for contracts was far from active today, but there was a fair amount of business transacted in the October po- sion and some little attention yas given to the other months. The opening was decidedly hurtful to the long interest and for a time there were dire threaten ings of @ bull stampede, but the market quieted down almost immediately after the first call and from that time on there was little out of the ordinary in the movement. On the first call the market was seven to thirteen points lower and at the close showed a loss on the day of three points on July, nine on August and twelve on the other months.
 New Orleans July 25.-Cotton easy; sales, 1450; ordinary. 6; good ordinary, 11-1e low middling 71s; middling, 7k; good middling S5s; middling fair SA. Re- ceipts, 2S19; stock, 7e,920.
 Consolidated statement: Receipts, net, 21, ,49S; exports Great Britain, 2554o; to France, 12.470; to the continent, 24,529; stock, 370,S55.
 New Orleans July 25.-Cotton futures steady July, 8.07@810 August, 7.66@767; November 7.1SdD7.19; December, 7.1S@7 19; January, 7.20q7.22;. February, 722@7.A.