The age-herald., 1901-09-12
WEAK UNDERTONE
 IN COTTON MARKET Futures Opened Quiet With Prices I to 3 Points Lower PESSIMlSTlC CABLE DOTS At No Time Did Prices Give the Least Indication of RaIIyins--New Or
 leans and Wall Street Bought
 Cotton Quite Freely.
PESSIMlSTIC CABLE DOTS

New York, September 1.-The market for cotton futures opened quiet with prices to points lower and almost itn- mediately developed a weak undertone, following pessimistic cables from the Flu ropean markets and receipt of selling or- ders from the South, abroad, the public and from Wall street. This pressure was nthe market pretty much all the fore noon and at no time did prices give the least indication of railying. In addition to the cable news crop accounts from the eastern belt were considerably better than the average of late. But while these factors tended to undermine confidence of smaller bulls they did not greatly af- feet the convictions of leading supporters of the market who saw in the enormous sales of print cloths in New England mills (some S000o0 pieces at an advance of Is cent to 3 cents for regulars) vis- ions of an active business throughout the fall and winter. At noon the market had every appearance of being dull. There was little or no cotton offered and sell ing for short account was being done
 
 noon covering by several of the leading bears. started a small scare of the short contingent as awhoIe and prompted brisk new buying for reaction. On this de- mand prices moved up to above last nights final bids, with October at one time selling at 765 and January at 769 Belief that Liverpool will tomorrow would be higher on the trade reports from this side helped to create distrust among shorts. Business was brisk all the late session with wire houses and commission brokers moderate supporters of the mar ket. The market was finally steady with prices net unchanged to 2 points higher
 New York, September 1i.-cotton steady; middling Sh; good gross receipts, 52O0; sales 1928; stock 1s,7S0; exports to the continent 99.
 Total today: Net receipts 6169; exports to Great Britain 4515; to the continent 1923; stock 227, ,S6S
 Consolidated: Net receipts 3s 974; ex. ports to Great Britain S2,s61 to the cons tinent $40
 Total since September 1: Net receipts S6 976; exports to Great Britain 5s,220; to Frarfce 9242; to the continent 167S1.
 New Orleans Cotton Market.
 New Orleans, September I-rJnder tho influence of a continued downward ten- dency to prices for contracts at ali points the local market for spot cotton displayed measurable weakness and factors were offering freely at relatively lower figures, evincing a decided willingness to make the further concessions In order to move stocks. But buyers were not moving very actively, and as a rule were bidding well under the market. Sales 1850 bales, includ- ing 1900 to arrive. Prices 1-16 lower. AA Al. far from active today. there was yet a very fair volume of business transacted, the active months as usual being Octos Der December and January. Conditions were distinctly favorable to the short side 1 of the market The opening call showed | losses of to 2 points, but after the open 1 ing the market gave way. but later on 1 recovered the losses and closed with a net | gain of points on the day on Septem- ber and October. and points on each of | the other months.
 New Orleans, September 11.--Cotton was steady; sales, 1s5 bales; ordinary, 5Mc; l good ordinary, 6 9-16c; low middling, 7abc middiing, 3-16c; good middling, 8 9-16c middling fair, 13-16c; receipts 2S93 bales; stock S,S5s bales.
 Consolidated statement: Receipts, net l &, ,947 bales; exports to Great Britain. BE- 1 OANN 1 bales; stock, 227, ,86S bales.
 New Orleans, September 11.--Cotton flu. lures were steady. September, 7S497.e0 October, 7e2@7.6S; November 75s@7. 5s December. 7.56G7.57; January. 75e@I .s7 February, 7.7@7ss; March, 757Q7.6s April 757@7.59; May, 75SW.6O
 Daily Statement 1 yriddJinS 1AiBc sales, 214 bales; receipts, 2So6 bales stock, 51 ,274 bales.
 Mobiie.-Quiet; rniddling, So; sales, 20i bales; receipts, 92 bales; stock, 7sAS bales
 savannah-Steady; middling. Sc; sales ZOO bales, receipts, sS44 bales; stock, 11.24l bales.
 | Charleston-Quiet; middling, 7Ac; re. ceipts, 165 bales; stock, 14So bales. | Wilmington--Firm; middiing, SMc: re | ceipts. N1 bales; stock, 3106 bales. l Norfolk--DuH; middlins. Sasc; sales, I bales; receipts, 21s bales; stock. 55S6 bales
 Baltimore---Nominal; middlins, 84sc stock, 759 bales.
 l Boston-Quiet and steady; middling l 8hc; receipts. & bales; gross s61 bales l Philadelphia,-Steady; middling, S%c receipts, 100 bales; stock. 1928 bales.
 St. Louis--{Quiet; middling, slSo; sales eo5 bales; receipts, 200 baies stock. Ss,b2 | bales s--e'. .e-.--".----'~ Memphis-Steady; middling. Sc; re ceipts, 57b bales; shipments, 4T bales sales, 450 bales; stock, 1s,65S bales.
 Liverpool Cotton Market
 Liverpool, September 11.---Cotton bust ness moderate; prices easier; American niddling 11-1e. The sales of the day were S0O0 bales of which 600 were for specula ton and export and included 47oo Amer jeans. Receipts 5000 bales Including 2s0