The age-herald., 1901-08-26
COTTON MARKET CONTINUES UPWARD - After a Steady Decline Sharp ,r Buying Set In PRICES SEMI SKYWARD General Buying Was Led By Shorts and the South, and the Present
 Bull Movement Went to
 the Top Notch.
 +

 ket opened steady at a decline of 2 Co 6 points,. this being an indifferent response to weak English cables. Aside from the foreign news influences at work were de- cidedly bullish The weekly crop weather review of the Chronicle pointed out de- terioration in the crop condition In every section of the belt, stating that central Texas was beyond help Too much rain complained of over most of the central and eastern belt. This mornings private crop accounts were strikingly bullish, not. ing continued damage by excessive rains In the eastern belt, and drouth over the entire western section.
 Southern spot markets were strong and advancing on exciting demand from thor oughly alarmed exporters and increasing demand from Fall River splnners. A de- cline of PIE points in Liverpool was ex- pected this morning. on our close of yes- terday. The final cables reported net loss of 111@5x points, due to realizing and selling for reaction. Spot cotton. how ever, was 1-S2 higher on fair demand. Sell- ing for short account was checked locally by fear of a very bullish weekly govern ment report from Washington next Tues day. Late in the morning heavy general buying led by shorts and the south sent prices to the high notch of the present bull movement. January sold at 7.9O. The market closed very steady, with prices net to Il points higher.
 New York, August 24-Cotton steady; I; w~.41 llaz~ 1Iz. ceipts 346; sales, 1895; stock, 148, 295.
 Total today Gall seaports): Net receipts, 5159; exports to Great Britain, =; exports to France; =; exports to the continent, 1898; stock, 254 SS6.
 Consolidated Gall seaports): Net receipts 5159; exports to Great Britain, =; exports to France; exports to the continent, 1393
 Total since September Gall seaports) |: Net receipts, 7,4S8, ,250; exports to Great Britain, 3,0S5, ,9S9; exports to France, 728,- S59; exports to the continent, 2,613,ST.
 New Orleans Cotton Market.
 New Orleans, August A.-The spot cot ton market today was as active as the volume of available supplies of tendera- ble grades would allow. Buyers were In the field for everything in sight of the character indicated and were by no means backward in agreeing to factors demands for heavy advances. in the figures. But, with all the desire In the world to sweep the market clean buyers could do but lit- tie. The goods are not here for them to get. Some few small lists were available today and these were quickly taken to make a total record of but 600 bales of spots and 50 bales to arrive. As to the range of prices, the exchange committee on quotations reported at the closing hour the market firm and advanced the official figures Ac on all grades. There was rath- CT less activity in the market for con tracts during the short session today than was shown yesterday and interest was confined more closely to two or three positions, Octobers Decembers and Jan uarys receiving the principal attention of operators. But on the other hand there was a greater degree of originality In the movement. New Orleans was clear ly independent of outside influences to- day, except In so far as the brisk fire of New York buying orders for execu- tion in the local market may have infiu- enced the trend of values. For New York was in this market neck deep and 1t may safely be stated that good half of the buying movement during the short hours was for account of the Metropolis The local bulls, however, were not idle. Vast ly enthusiastic over the instant position
 
 erable magnitude. At the opening prices were two to four points lower but almost immediately thereafter began to advance.
 AS a net result of the half days trad ing prices in this market closed thirty five points above yesterdays values for the current month,. nineteen points above for October and fourteen to sixteen points above for all other months.
 New Orleans, August M.-Cotton firm, sales. G50; ordinary, 9-16; good ordinary 7A; low middling, S1-16; middling, SM; good middling, 9A; middling, fair, 9h Receipts, 430; stock, 49,0S1. Consolidated statement: Net receipts 515s; exports to the Continent, 1898; stock 254, ,S66.
 New Orleans, August 24-Cottor futures, barely steady. August, 885 bid September,z 8.15 bid; October, 790@7 91 November, 7839IS5; December, 7S26D7 S4 January. 7.s3Q7s4; February, 7s3@7.s .s4 March, 7.SsQ7.s5 s5.
 Daily Statement
 Galveston-Firm: middling 8%; sales 1861; receipts, 362s; stock, 27,41O. Mobile-Nominal; middling. 1z; receipts | l. stock, 5171.
 Savannah-Firm; middling, S1s; sales. 1 receipts, TIC; stock, 6791.
 Charleston-Firm; middling, SIS; re. ceipts, 8; stock, 610.
 Wilmington-Dull; middling, Sh stock 2405
 Norfolk-Firm; middling, Sss sales, 94 receipts, 573; stock, 10,32S Baltimore-Nominal; middling, s% stock, 1991
 Boston-Steady; middling, 8as; net re. ceipts, z; gross, 395.
 Philadelphia-Ffrm; middling, S% stock, 2459. | St. Louis-Steady; middling, 5-16; sales 149 receipts. SS5; stock. 36, S59.
 Memphts-F Firm; middiing. s1s; receipts