The age-herald., 1901-08-27
COTTON FUTURES
 SCORE BIC GAIN Was a Full Response to Strong
 Cable News SOME SHEDDING REPORTED Public Buying Was Feature Most of the oay-clOsed steady-Prices
 Net ii to 1s Points
 Higher.

New York, August 26-The market for cotton futures opened firm, with prices to 14 points higher, and continued to advance until net rise of 15Q1S points had been scored over Saturdays bids, This was a full response to strong Liv- erpool cables and very bullish information from the crop country. Speculation was active all day, with public buying feat ure much of the time. The principal bull factor in todays market was the cable news, this indicating an advance of 11@ F points in futures at the top and Of 5-SS in spot cotton in Liverpool where shorts' spinners and the bull element were striy- ing to secure almost unlimited amounts of cotton for nearby delivery. This buying overfiowed into the local pit and figured prominently as. a supporting Influence here. Next in order after the cables were unfavorable crop reports, these showing excessive shedding through continued rains oyer the eastern portions of the central belt, where the plant is consider ably late and showed deterioration through long absence of rain over ex- tensive areas west of the Mississippi. The early wave of buying carried october to 79S and January to 7.S7, after which there were reactions under profit-taking by commission houses, longs and southern interests Fears that tomorrows weekly government report would create another scare in the English market and be suf- fciently bullish to stimulate public buy ing here led to covering by tired shorts 4l,a loci ho., fIA apf ctf finally steady, with prices net Il to 1e points higher
 New York, August 2e.-Cotton steady; middling, SEC; gross receipts, 17S0; sales 449S; stock, 142, TIP; exports to Great Brit ain, 1922.
 Total today Gall seaports): Net receipts, 5S9S; exports to the continent, 1922; stock, 252, ,532.
 Consolidated Gall seaports): Net re- ceipts, 11,057; exports to the continent, 6245.
 Total since September 1 Gall seaports): Net receipts, 7,494,14S; exports to Great Britain, 3,035, ,9S9; exports to France, 72S,- S59; exports to the continent, 2,61S,719.
 New orlear1 Cotton Market. New Orleans, August 26.-Beyond the fact that the market is strong, there Is little to be said in connection with con- ditions prevailing in the line of spot cot tons. There is brisk enquiry for the better grades of the staple and what little trading is being done is upon the basis of higher prices; but buyers find 1t extremely difficult just now to un- earth desirable lists and there Is, there fore, little doing. Sales 325, including 25O to arrives Quotations advanced l-l6c. The market for contracts was in whirl ..t.. thz av.ct aal1 n. day. Liverpool led off with another fren- zied opening advance of 5-32d on spots and 6-e4d on deliveries, setting the mar ket on this side by the ears and causing | a very eruptive feeling of buying. Prices | on the first call were Il to 15 points above Saturdays closing figures. For short while there was only one side to thu mar ket, shorts covering and bulls taking on new lines at almost any level. But with the first attempt to realize profits on long trading, development following immediately upon the close of the call, prices began to break badly In a remark ably short space of time, falling away some Il to 12 points. At that level the de- cline became somewhat less preciptate, but prices continued to work down slow ly until the close when August showed an improvement on. the day of 5 points September was 4 points lower, while the other months were point lower.
 New Orleans. August 26-Cotton, firm; sales, l25; ordinary, 5ss good ordinary, 5 5-l6; low middling, Sis middling, 15-16; good middling, 95-16; middling fair. 9-l6 nominal; receipts. 23s0; stock, b1,2 ,2l5.
 Consolidated statement:i Net receipts, Il O57; exports to Continent, 62l5; stock, 252.532 s'
 New Orleans, August 26.--Cotton futures barely steady August, S9oa9; September, s.11 asked; October, 7.90079l; November, i S2d7 S4; December, 7S2@7S3; January, T. s217 S3; February. 7S2Q7S4; March, 7.S2 @7.S4. ,-.4... i4.a...s