The age-herald., 1901-10-08
COTTON OPENED
 QUIET AND FIRM This Initial Advance Was Based
 on Strong Cables NO KILLING FROSTS YET For Most of the Session Prices Were Downward Under Sales for Profit By Room Traders-cIosed
 Barely Steady.
NO KILLING FROSTS YET

New York, Oct tober 1.-The cotton mar ket opened quiet and firm, with prices to points higher on fairly active local covering and bull support supplemented by foreign demand, later said to be hedges against shortage in the English market There was further improve ment immediately following the call January reaching s.09 on general sup port. But for the rest of the forenoon ses- sion the course of prices was downward under sales for profit by room traders and quiet withdrawal of outside buying orders based on generally good weather reports, increasing receipts, and lack of public support. The initial advance was based on strong Liverpool cables, poor crop reports, and reports that the talked of strike in New England cotton mills had been postponed for two weeks. The absence of killing frosts in the belt did much to check the enthusiasm of bulls. Early in the afternoon the market be- came heavy under generous offerings from the southwest said to represent hedges against large purchases of spot cotton by Philadelphia export interests.
 
 and prompted leading bears to attack the late months for a break to 7.90 for Jan uary. Liberal estimates for tomorrow's receipts, and a favorable weather fore cast added to the depression. The de- cline did not receive a check until Octo- Der reached 7.SS around which figure buying for reaction became an infiu- ence The close was barely steady, with prices net to points lower.
 New York. October 7.-Cotton quiet; middling 7ssc, gross receipts 1886, sales 15OO, stock S3,449 exports to the continent 200.
 Total today: Net receipts 46. .O52, exports to Great Britain 1b,5S1, to France 14.894 to the continent 15,2lO. stock 352,678.
 Consolidated statement; Net receipts SS,394, exports to Great Britain 15,5s1, to France 19.s94, to the continent 19,521.
 Total since September l. Net receipts 669, ,630, exports to Great Britain 165, ,270 to France 64,27S to the continent 234,079.
 New Orleans Cotton Market.
 New Orleans, October 1.-The market for spot cotton was fairly active during the day. Offerings were measureably full and buyers were among sample rooms with orders for execution diligently seek lnK llSIS Bu1IaDle lHt1T purposes anu their trading was free when successful. The sales were 5150 bales, including 2000 to arrive Quotations were 1-16c lower
 Business in futures today was rather light as a rule, but there was some mod erately brisk trading at times. The mar ket opened to points higher and added 2 to points to the initial gains immed- ately thereafter, but under the influence of limited fire of short selling prices began to show q downward tendency. The decline was not startlingly vigorous; nevertheless there was nothing In sight to induce it save the evident inability of the longs to hold the market up. The closing figures showed net losses of 10 points on October and May and 6 to points on other positions, compared with Saturdays closing prices.
 New Orleans, October 7.-Cotton opened higher and closed easier sales, 5150 bales; ordinary, 3-16c; good ordinary. 67sc; low middling. 11-16c; mlddling, SAC; good middling, sAc: middling fair, 8Bc; re- ceipts, 10. S49 bales; stock. 79, All bales.
 Consolidated tatement-Receipts, net, 98 394 bales; exports to Great Britain, 15- exports to the continent, 19 521 bales; stoock, 352,67S bales.
 were barely steady; October 7.7S@7.79; No- vember. 7.T@z7s; December. 7.7e@7.T; January, 7.76D7.T February, 7.7697.77; March, 776GT77; April 776Q7.77; May. 176 G77s.