The age-herald., 1901-08-15
PIT CONTINGENT
 TAKE IN PROFITS The Cotton Market Was Weak
 on Poor Cables CROP ACCOUNTS DIFFER Reports That a~>Wind Storm Was Towering Over the Mississippi Val ley Caused Some Misapprehen-
 sion as to It's Course.
CROP ACCOUNTS DIFFER

ket opened steady, with prices to 6 points under last nights closing, but later recovered the loss and closed very steady. The early weakness was due to surprisingly weak English cables and to reports of more rain where needed in the southwest. It was apparent from the first that the pit contingent was desirous of taking profits on the least decline. rather than to increase commitments on the bear side. The chief reason for this lack Of confidence lay in the fact that crop accounts were very much mixed. Too much rain was again complained of in many counties; Shedding was reported In portions of central belt and crop es- inmates were being cut down west of the Mississippi river The official advices gave showers in south central Texas, but the forecast pointed to clearing condI- tons tonight In that region Soon after the call, prices stiffened up to nearly the final bids of yesterday, and while there were reactions from this level later, the market displayed a steadIer undertone than In some time of late, and during the afternoon held well up on covering, light investment support and some buying for southern account Reports that a wind storm was working it's way up through the Mississippi valley led to some misap- prehensions as did a rumor that export CTS were more willing to consider offers from spot cotton holders in the south The Fall River mill situation was not materially changed. In the last half hour October advanced to 7.24 and January to 7.% on a scarce of shorts brought about by damage reports from the storm cen- ter in the lower Mississippi valley. The clOga tyith rda At points higher to 1 point lower.
 New York, August 14-Cotton, dull middling 8; net receipts 11S; gross re- ceipts, S41; sales. 200; stock, 1e2. .145; ex- ports to Great Britain 1495 Continent, 9S7
 Total today: Net receipts, 1062; ex- 6726; stock. 271 693.
 Consolidated: Net receipts, s147; ex- ports to Great Britain, 19757; Continent, 11,S70.
 Total since September 1: Net receipts, 7,46l, ,940; exports to Great Britain, 3,033,- 4s5; France, 77,940; Continent, 2,5S2, ,6o6.
 New OrIear5 Cotton Market.
 New Orleans, August 4.--There was but little doing in spot cotton today, and as a rule the transactions covered very small lists of the staple and where the offer ings consisted of better than middlng buyers were compelled to pay round prices for their takings The demand seems now to be running principally up- on the high grades and buyers seeking those qualities meet with great difficulty in providing for their requirements. Any thing from strict middling up is in good demand The medium and poorer grades arc offering freely at quoted prices, but they are neglected. Sales, 1900 bales, in- cluding 12O0 to arrive. Quotations un- changed.
 The market for contracts was far from active. There was light business doing in the October and December positions, but beyond the execution of a few buying orders from the east and a moderate fire of scalping operations to represent the local end of the line there was nothing in the situation to hold the attention of the trade In response to Liverpool and New York this market showed a loss on first call of to : points, but after the opening rounds a newhat better feeling developed on the long side of the market and prices worked up slowly but steadily; the strength of the position locally being augmented mainly by the support given in the shape of buying orders from New York, though the bulls received a meas ure of encouragement through the receipt of doleful private crop news from Texas.
 At the close August was TIA, a gain of 8 points over yesterday, while the other positions gained points each.
 New Orleans, August 14.--Cotton quiet and steady; sales 1900; ordinary 5 13-16; good ordinary G; low middling 5-16; mid ding 1-16; good middling S7-16; mid ding fair 11-16; receipts 413; stock 46,- 919.
 Consolidated statement: Receipts. net S147; exports to Great, Britain 19,757; to the continent 11.S70; stock 271, 693.
 New Orleans. August 14.-Cotton futures steady; August 7.7267.74 September 727 R7.29: october 7156D7.16; November 714@ 716; December 7.14d7 IS; January 717@ 7.1S February 7.17@7.1S; March 7.19Q 7.21.