The age-herald., 1901-08-14
COTTON IS STILL
 ON STANDSTILL. Market Opened Easy in Tone
 With Prices Down SENTIMENT WAS BEARlSH Government Statement Showed Rapid Deterioration of the Crop In Gen. tral Texas From Drouth-Poor
 Conditions Elsewhere Also.
SENTIMENT WAS BEARISt

New York August 13.-The market for cotton futures opened easy in tone with
 prices down to points under selling
 for both accounts by room traders, the South and foreign interests. Local senti-
 ment was decidedly bearish, due to re-
 ports of god rains where muchly needed
 in Texas, forecasts for continued pre-
 cipitation over the Southwest tonight and
 tomorrow and increasing receipts of new
 cotton The English market news show
 ed decline of 24 to 5 points where but little change had been expected. This
 weakness in Liverpool, ascribed by pri- vate cables to selling of large firms and
 to the rain news for Texas. Before
 o'clock shorts began to anticipate an un-
 favorable weekly government report due at 12 m. This buying rallied prices quite sharply. Then came the government
 statement showing rapid deterioration of the crop in Central Texas from dro6th and poor conditions in Tennessee A rapid turn for cover sent prices to last nights
 bid with shorts much alarmed. But as
 investment buying did not materialize and
 as the New Orleans market lost its ad-
 vance quickly selling for a decline to the
 opening figures became popular October
 sold off to 723 and January to 7.2. The
 market was finally quiet and steady with prices net 4 to points lower.
 New York, August 13. = Cotton quiet;
 middling &c., net receipts 251, gross re- ceipts 3492, sales 759, stock 164,315, exports to Great Britain S16.
 Total today; Net receipts 2S10, exports | to Great Britain 9O3S, to the continent 963 stock 279,093.
 | Consolidated statement: Net receipts | 70S5, exports to Great Britain 1S,262, to the | continent 5144.
 l Total since September l. Net receipts | 7,46O,s7S exports to Great Britain 3,0S2,000, | to France 727,94 to the continent 2,575,SSo.
 New orIeara. Cotton Market. New Orleans, August 13.-The spot cot ton market is still in a quiescent mood.
 Buyers content themselves with the work
 of overlooking the table without evincing any very great desire to trade, while fac- tors, though offering freely the medium
 and poorer grades, are equally indifferent
 as to the consummation of sales when transactions involve the making of con-
 sessions in favor of the purchasing ele-
 ment. There is nothing in sight at pres
 ent to swing sentiment very strongly In
 either direction, and as uncertainty begess idleness. operators in spots are just tnow
 disposed to watch the drift of events from
 a safe distance. Sales 1250 bales, includ-
 ing 200 to arrive. Quotations unchanged. The movement in contracts was or very
 moderate proportions today, and what trading was indulged in represented large ly the ventures of scalpers whose oppor- tunities to turn penny were made fre-
 quent by fairly brisk fluctuations in prices covering the several positions. The situa- | tion was not so comfortable from the | standpoint of the bulls today. The market showed first call losses of
 to 10 points. After the opening there was a slight tendency to advance prices, hut this sentiment was soon changed by the government rain reports from Texas'
 and the early gain of to points rom
 inc call figures were pared away untll the close. when August showed loss oI 1a points and the other positions were b to T points lower than yesterday. New Orleans. August 13.-Cotton was
 steady: sales 1250; ordinary l3-l6; gooo ordinary eh; low middling 76-lo; mid ding 8 1-16; good middling 7sl6; middlihs fair 8 11-16; receipts TAP; stock b2,74o Consolidated statement Receipts net' TOSS: exports to Great Britain lS,So2; to the continent 5144; stock 27s,Oo5
 Naw Orleans. August 13.-Cotton futures ,,,,et. August 7.6907. n; September ' S3Q
 s. october T. HOT .12; November 7.10Q 12: December 71O@7. .12; December 1. .lom I'll; January 7.13Q7.l4; Feoruars ''i'~ 7.15; March 7.16@7.n.