The age-herald., 1901-09-18
COTTON MARKET
 TAKES ON LIFE Active Room Covering Caused Rise at the Beginning CABLES ARE DISAPPOINTING Rumors of Tropical storm Rapidly Approaching the Northern Gulf Coast and Continued Heavy
 Rains Helped Market.
CABLES ARE DISAPPOINTING

New York September 17.-The market for cotton futures opened firm and three to five points higher on active room cov- ering and some support from the bull faction despite the fact that cables from Liverpool were very disappointing the demand for public account very light. Following the call the market exhibited pronounced strength and rapidly stiffened on increasing nervousness among local shorts and growing confidence on the part of bull forces. The English market quickly responded to the firmness and also sent liberal buying orders. Before the close of the first hour, Wall street, the West and commission houses were brisk buyers of the later options. There was very little cotton for sale other than that for the purpose of securing profits. By midday a net rise of eleven to twelve points was shown and the demand even at those figures was somewhat in ex- cess of offers Rumors that the tropical storm was rapidly approaching the northern Gulf coast and was increasing in intensity and that continued heavy rains over the central and eastern belt were doing great damage to cotton now quite generally open did much to strengthen the market, The weekly government report proved to be very un- favorable, one of the worst, If not the worst, received this season, and gave shorts fresh cause for uneasiness and In covering January was quickly bid up to 7.T or thirty-six points above the lowest figure of last Friday. The South and West continued to buy for a further ad- vance while pit bulls supported the mar ket with more confidence than manifest ed for long time. Speculation was quite active and reactions were exceptionally small and few and far between.
 In the last hour the market was strong at top notch of the day on expected cov- ering and more frost talk. The close was firm with prices net eighteen to nineteen points higher.
 New York, September 17.--Cotton steady; midd1ing SIS net receipts S22; gross receipts 2905; sales 422; stock 91,- 055; exports to Great Britain 6l4; to the continent 2SSS.
 Total today: Net receipts 1S.137; exports to Great Britain g738; to the continent 15, 605; stock 227, 349
 Consolidated statement: Net receipts 50 S4s; exports to Great Britain 14,oS1: to the continent S2, ,47o
 Total since September Met receipts 159,516; exports to Great Britain 7251S; to France Il, ,2S; to the continent 56.042
 New Orleans Cotton Market.
 New Orleans, September 17.-There was a continued improvement today in the market for spot cotton. Liverpool was more active at an advance and contracts on both sides of the pond were materi- ally higher. Hence, factors entered the market today with demands for better prices and refused to entertain offers at the board level Exporters claim that there Is very little demand for the staple on the part of foreign spinners, but the comparative activity of the Liverpool spot market today Is hardly conf1rmatory of the statement so far as Great Britain goes. With the continent the position Is different. There is certainly paucity of trading in that quarter. Sales S150 bales. including 1900 to arrive. Quotations ad- vanced t on all grades.
 The market for contracts was fairly &C., tive during the day, though as usual, the trading was confined principally to Oc- tober, December and January engage ments. From the outset the trend of prices was strongly favorable to the long element All sorts of bullish advices from Texas were received here, including an estimated deterioration of 30 per cent in the crop of that state bysthe Galveston News and information of cold wave in the Pan Handle. Before the opening buy ing orders began to come in thick and fast, to the end that an opening level of to 5 points above yesterdays figures was quickly left in the background, while prices moved up steadily until the close, when September showed net gains on the day of N points. October 23, and the other months H, compared with last night S closing.
 New Orleans. September 17.--Cotton very steady; sales, 3150. Ordinary, 5M: good ordinary, S-16; low middling, 7M middling, 1-16; good middling, S5-16; middling fair, 8 9-16 nominal. Receipts, 4425 stock, 3S,Soo <, .,, Consolidated statement: Receipts, 30, S48; exports to Great Britain, 14031; Con- tinent. s2.47o; stock, ,2z7,a4s.
 New Orleans, September 17.-Cotton futures steady. September, H.90; October, 7.73Q7.74 November, H.8S9770; December, 7.6S97. .76a; January, 7,6S@7.6S; February, 7.es@77O; March. Z6s@77o; April. z6sQ7.7 q; May, 7.7OG7n.
 Daily Statement.
 Galveston--Dull; middling, 15-16; sales, $50; receipts, S213, stock, 5S S,66S.