The age-herald., 1901-09-13
COTTON MARKET
 DOWNWARD GOES Weakness Developed Soon After
 the Opening LONG COTTON SOLD FREELY Texas Continues to Pour Out Cotton at Rate Which Confirms Forced Maturement In August-The
 Weather in Belt Favorable.
LONG COTTON SOLD FREELN '

New York, September 12.-The market for cotton futures opened steady in tone with prices to points higher on light foreign buying and in sympathy with firm Liverpool cables. Soon after the call weakness developed under selling of long cotton by room operators and some pressure from the bear side prompted by reports that spot cotton in the South was being offered freely at lower prices. Wall street and New Orleans selling subse- quently figured as a leading factor and before mid-afternoon prices were of ten points from the top. with the undertone weak.
 The English market eased off some what to conform with our reaction. but closed nearly at the best figures of the day. The destruction by fire of about 25oo bales in warehouses here last night made no impression on the pit here, Re- ceipts were regarded as light and testified to the lateness of the crop over the East ern belt. Texas continued to pour out cotton at rate which confirmed forced maturement in August. The weather in the belt was quite favorable to picking and to the best interests of the plant, but tropical storm of considerable in- tensity was reported to be moving rapidly toward Southern Florida from Porto Rico.
 In the last half hour room liquidation broke the market to the lowest level of the day Closed barely steady, with prices net ' to 10 points lower
 New York. September 12.-cotton. quiet i; middling, sai net receipts, s4s; gross. sss; sales, S33; stock. 106,7 TT; exports to Great Britain, %: Continent, a.
 Total today: Net receipts. 8109; exports to Great Britain, 2s; France 2ooo; Conti- nent 6791; stock, 2A,0l3.
 Consolidated: Net receipts, 47,056; ex- ports to Great Britain, s2,ssa; France. 900; Continent, 15,2S1.
 Total since September 1: Net receipts, g., ,0e5; exports to Great Britain, 5S,24S; France, 1l,243; Continent, 2S.572.
 New Orleans Cotton Market.
 New Orleans. September 1.-The spot cotton market today was very quiet. Tho offerings are comfortably large ana well assorted so that buyers have little diffi- culty in making selections of desirable grades but they are not burdened with imperative orders just at present Indeed the brisk demand for export that usually characterizes the opening of a new sea- son seems not to have materia1ized thus far this year and large offers to the other side are meeting with very slight re- sponses. Sales, 1850 bales, including $50 to arrive. Quotations reduced Me on all grades.
 Only a moderate amount of trading in contracts was indulged in today and the October December and January posi- tons monopolized almost the entire at- tention of operators -'
 This market opened one to two points higher. After the opening the market fell away and though there were fiuc- tuations at times the market closed with net losses on the day of thirteen points on September, seventeen on October and fourteen to fifteen points on the other positions.
 New Orleans, September R.-Cotton steady; sales 1850; ordinary 5%; good or dinary 7-16; low mtddling "A; middiing S1-16; good middling 7-16; middling fair s11-16; receipts 21e3; stock 3.Ws, Consolidated statement-Receipts. nev, E.056; exports to Great Britain 32, ,9S9: to France 2600; to the continent 16,2S1; stock 224,013.
 New Orleans September 12,-Cotton fu> lures barely steady; September 7.71@7. 7s; October 7.45dl7. .4e; November 7.42Q7. A: December 7.42G7 .43; January 7.42Q57 .43; February !. .420p7. A; March 7.4267 A; April 742@7, A; May 7.43Q.T45.
 N.tl.