The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-09-12
THE MARKET NEARS
ITS NORMAL PHASE
Organized Protection Slightly
in Evidence.
GOVERNMENT BONDS RISE
Satisfactory Bids For Full Amount
offered Fot Expected.
LITTLE CHANGE IN PRICES OF COTTON
LITTLE CHANGE IN PRICES Of COTTON
Enormous Sales Of Print Cloths in New Eng
land Mills. Offerings Of Cotton Scaniy.
New Orleans and Wall Street
Free Buyers.

bIcC ouICISs
New York, September I'M. {. ID.
Borden bought some 100000 pieces print
cloths at &c regulars Wide goods against
buyers. More demand for brown bleach
ed and coarse colored cottons and tone
of market decidedly firm. Prints scarce
and tendency against buyers. Mems
wear wovens in staple lines firm, fancies
irregular Wooden and worsted dress
goods quiet.
COTTON.
New York. September 1.-THE market
for cotton futures opened quiet with
prices one to three points lower and al
most Immediately developed a weak un-
dertone, following pessimistic cables
from the European markets and receipts
of selling orders from the South, abroad,
the public and from Wall Street. This
pressure was on the market pretty much
all the forenoon and at no time did prices
give the least indication of rallying. 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 affect the convictions of leading
supporters of the market who saw in the
enormous sales of print cloths in New
England mills (some 900 pieces at an
advance of Use to &c regulars) visions
of an active business in goods through
out the fall and winter. At noon the
market had every appearance of being
sold out. There was little or no long
cotton offered and selling for short ac-
count was being done with a sparing
hand Early in the afternoon covering
by several Of the leading bears started
small scare of the short contingent as
whole and prompted brisk new buying
for reaction. On this demand prices
shot up to above last nights final bids
with October at one time selling 1853.
and January at 7.69. Belief that Liver
pool 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 moder-
ate supporters of the market. New Or
leans and Wall Street also bought cot
ton quite freely. The market was final
ly steady with prices net unchanged to
two points higher.
THE RICE MARKET.
New York, Sept. 1.-THE market at
spirit There is buoyancy rarely ex-
perienced at this period. The idea of
lower prices has been abandoned. Mark
ed recessions are no longer included in
the list Of possibilities. Not in many a
year has a crop entered under such ia
vorable auspices; the old crop out of'the
way; stocks throughout the country lit
orally next to nothing; financial situation
in Porto Rico vastly different from last
year so that it will be steady and lib
eral patron; shortened supply and ex-
traordinary prices in potatoes, which can
hardly fail to attract enlarged attention
to rice.
Advices from the South note moderate
distributing business along the Atlantic
coast, with new crop expected during the
coming week. Growing and harvesting
weather have been almost perfect and
quality should average far above that Of
recent years. In New Orleans there is a
widening of assortment and every variety
in grade is now obtainable. With sud-
den influx o. receipts, prices were irregu-
lar in the early week, but there was
prompt reaction and later, hardening quo
tations in response to advanced figures
in rough.
Cables and correspondence from abroad,
note steady market on uncleaned, with
arrivals short of last season. Spot
cleaned is quiet, holders being satisfied
in filing the demand as it comes without
making concessions to enlarge business;
forward shipments firm.
Talmage, New Orleans, telegraphs
Louisiana crop movement to date: Re-
ceipts, rough, 179,9S5 sacks; last year.
219,425 sacks; sales, cleaned, 1884
pockets; last year, 1852 pockets. De-
mand active, market strong.
Talmage, Charleston, telegraphs Caro-
lima crop movement to date: Receipts,
54,645 barrels. Sales, 54,645 barrels,
Fair distributing movement at old quota
tions; new crop expected present week.
NEW YORK
New YORK, Sept 1l.-Cotton futures opened
quiet.
Cotton futures closed steady.