The age-herald., 1901-10-29
MARKET OPENS WITH WEAK PRICES Decline Continues Throughout
 the Day RESULT OF NEWS ABROAD Reports From Spinning centers En. couraslns, While In Dry Goods
 Large Business at Firm
 Prices Was Reported. 
RESULT OF NEWS ABROAD

New York. October 2S-The cotton mar ket opened weak with prices from five to twelve points lower and continued to decline pretty much all the rest of the session under scattering sales for both accounts which were prompted by bear ish foreign and domestic news as well as by total absence of speculative sup port By midday January had sold off to 764 and other months in proportion.
 The bulk of the comparatively small business done was in late months. The initial decline was the direct result of weakness abroad, Liverpool having de- clined two to five points as compared with an expected rise of one to two, points. Good weather reports and large receipts acted as check to buying for reaction while rumors that spot cot ton in Southern markets was being offer ed more freely to exporters acted as a restraint upon prospective investors. The South sold here as hedge against spot cotton and Wall street sold out large amount of their January holdings in an- ticipation of a further dull, dragging market.
 All news from spinning centers in this country was encouraging. while In dry goods markets a large business at firm prices were reported Large estimates for tomorrow's receipts at firm prices were reported. Large estimates for to- morrow's receipts at New Orleans and. Houston with a forecast for generally favorable weather over the belt helped to give the market was heavy undertone in the late session. The close was steady at net decline of thirteen to fifteen points.
 New York, October 2.-Cotton quiet; middling 8 9-16; net receipts "A; gross re- ceipts 7726; sales 700; stock 73, 405; exports to Great Britain S2.
 Total today: Net receipts 65 13S; exports to Great Britain 37515; to France 10909; to the continent 24084; stock 607, 1892.
 Consolidated statement: Net receipts 120983; exports to Great Britain 1035S to France 22,277 to the continent 31.609.
 Total since September 1: Net receipts 1,75S, 642; exports to Great Britain 573517 to France 14S044; to the continent 4S6,204
 New Orleans Cotton Market.
 New Orleans, October 2s.-The market for spot cotton was decidedly weak and hc lower The continued decline in prices at Liverpool, with the sharp break in contract values, operated as a deterrent influence upon the minds of buyers, who became very cautious in making bids for selected lists, and generally cut Ac under board figures. Factors, however, were not willing to concede such a radical decline and considered that they were going the limit by taking off hc on uplands and or- dinary staples. Upon this basis the trad ing was done. Sales $500 bales, including 17O0 to arrive. Quotations 1sc lower. An other run of moderate trading marked the day In the market for contracts. At the outset the prospect for an active movement was excellent Liverpool came in lower by another 1-32d on spots and dropped S-64d to 5-64d on deliveries, and this market responded with opening losses of II to 12 points. But after opening call matters settled down wonderfully, and values merely drifted to points either way, closing with a net loss of 10 points on October, 13 on November December and January. and IA on other positions.
 New Orleans, October 2.-Cotton fu- lures steady. October 754lD7.56; Novem- Der, 745@747; December, 7.4497. .45; Janu- ary,' 7.424l743; February, 740q7.42; March, 7.39Q7. 40; April, 7.SsQ7.4O; May, 73S@7.ss.
 New Orleans, october a.-cotton steady sales, $500; ordinary 11-16c; good ordinary, CSC; low middling, 3-16c; middling, 7sc; good middling 7Ac; mid ding fair 8sc; receipts. 16,54s; stock. 174, 094
 Consolidated statement Receipts, net. 120 9S3; exports to Great Britain, 10S, 5SS; exports to France. 9, ,277; exports t. the continent, 607,592