The age-herald., 1901-09-11
COTTON FUTURES
 OPENED NERVOUS Selling Started Very Early on
 Weak Cable Advices TRADING WAS SPASMODlC Sentiment Was 5earIshIy Disposed Owing to Reports That Spot Cot
 ton Was Being Offered Free
 ly In the south-Lower.
TRADING WAS SPASMODlC

New York. September 10.-The market for cotton futures opened easy with prices to points lower under nervous selling for both accounts, started by weak cables from Liverpool and by European selling orders. Following the call there was an additional decline with the trad ing level at the lowest figures of the first hour, some 10 points under last nights close, Sentiment was bearishly disposed owing to reports that spot cotton was be- ing offered freely in the South and that receipts were due to rapidly increase from now op.. The market was hampered by the scarcity of supporting orders from the outside and by selling orders from New Orleans interests. Trading all the forenoon was spasmodio and reflected a confusion of opinions among conserv alive traders. Toward noon covering caused a rally to the opening figures. but bull spec ulation was not a feature Port receipts were smaller than indicated and the weather forecast indicated showers to- night and tomorrow pretty much over the entire belt The Washington statement was bullishly construed. While no new business was stimulated by the report, shorts were not content to risk the chance of Liverpool refusing to respond to the government report, and covered in the early afternoon and last hour. They buying was too scattering and irregular to have much effect upon prices, though 1t kept the market tolerably steady in tone at a trihe over the opening bids much of the time. The market closed with prices net to points lower
 New York, September 1o--Cotton quiet and steady; middling sM; gross receipte 22Ss; sales e9si stock 1oS.H5: exports to Great Britain 44o6.
 Total today: Net receipts 1o.sss; exports to Great Britain s14s; to the continent $50; stock 223, ,A@
 Consolidated statement: Net receipts o. ITS; exports to Great Britain LAG; to the continent 6Slf.
 Total since September 1: Net receipts TS01; exports to Great Britain 58,705; to France e24S; to the continent 14,SSS.
 New Orleans Cotton Market.
 New Orleans. September 1o.-The mar ket for spot cotton was quiet. The of ferlngs were fairly free. and well assor.- ed. and factors evinced some inclination to shade prices in order te move stocks; with the further radical decline in values at Liverpool, had a tendency to cause buyers to hold off for still cheaper figures. Sales a800 bales. including 1900 to arrive. Quotations reduceS
 The volume of trading today in the market for contracts was only fair. Some considerable interest was shown in tho October December and January posi- lions. hut the other months were very much neglected. At the outset prices shaped themselves in the interest of the short element. The first call showed losses e.f6 to S points, Later In the day prices advanced 5 to 6 points under the Influence of moderately free buying for New York account, but subsequently eased on again and at the close stood to points lower than yesterdays closing
 New Orleans. September 10.-Cotton was steady; sales, 26Q0 bales; ordinary, 16-1ec good ordinary, 6kc; low middling. 7-16c middling, sAc; good middling. SAC; mid ding fair, SMc. nominal; receipts' lo0o bales; stock, 40,S75 bales. - Consolidated statement: Receipts, net, 20 .778 bales; exports to Great Britain, 8.- 44e bales; exports to the continent. 6Sl7 bales; stock. S56 bales.
 New Orleans, September 10.-Cotton fu- lures were steady; September. I79Q7 80; October, 7.T@159; November, 7.53@7.6o 1; necsInher 5sfTN; January, 75307.54; February, 7.5s@T55; March. 754q7.5o; April, 75477. .56; May. 7b5Q7.57. Daily Statement.
 Galveston--Quiet; middling. s1@c; sales. 300 bales; receipts, corr bales; stock, bo,obf bales. ,oo
 Mobile--ouist; middiing. so; sales. 400 | bales; receipts, 6ee bales; stock, 71$s bales. Sayannah-Quiet; middlins, Sc; sales. SIS bales; receipts. 1s6 bales; stock, SS6i bales. Charleston--Firm middling. 7Nc; re- ceipts. 450 bales; stock, 1915 bales. Wilmington--+Birm; middling, SAC; re- ceipts, 229 bales; stock. eS35 bales. Norfoik-Quiet; middling, s5tc; sales. 2s bales; receipts. 623 bales; stock, b7i& bales. Baitimore-No middling, s%c; stock, 759 bales
 Boston-Duli; middiing. skc; receipts, net, sS3 bales: gross, 944 bales. PhiladeIphia--Quiet; middling. sEc: re- ceipts, 124 bales; stock. TIPS bales St Lo,iis-Quiet middiing. 8 Site; re- ceipts, s39 bales; stock, 33.684 bales. Memphis-Steady: middiing, So; receipts. ss4 bales; shipments. as2 bales: stock. i0,6ao bales. ., - |.T s4.-. sa