The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-09-05
! REPORTS INDICATE
A SMALLER YIELD
An Active Demand FORGOT
ton For Export.
THE RECEIPTS SCAN1Y
The Market Closes Quiet With Little
Change in Price.
A PROFESSIONAL MARKET IN STOCKS
rs & e : = .
Tie Western Contingent Buy Largely Of !!n't"d
States Siet Stocks The Cereals Firm.
December Wheat Closes One and
Three Eightks Higher.


somewhat quieter demand today for
staple cottons than on recent days, but
nc change in the general Tone A con-
siderable amount of business has been
passed owing to the difference in view of
buyers and sellers. Print cloths are
quiet and unaltered. Prints in steady
request at previous prices. Staple in
mems wear woolens and worsteds for
spring we'll sold and firm.
COTTON.
New York, Sept. 4.-The market for
cotton futures opened steady with prices
off two to eight points and after the
call worked persistently upward on buy
ing for both accounts from all quarters.
This showing was quite in contrast with
the cable news, the latter portraying an
emphatically weak market with futures
off 7k to liz points and spot cotton
lower by 5-32d, under heavy liquidation
and bear selling in Liverpool The local
contingent was influenced by bad crop
news, belief that the long interest had
been exhausted by yesterdays sweeping
declines and that short interest had
been put out on the break Reports from
the Eastern belt had it that the crop was
one to two weeks late. Receipts were
under predictions, at the interior towns,
as well as the ports. Accounts from the
cotton belt were anything but encourage
ing and foreshadowed a smaller yield
than heretofore figured upon. Demand
for spot cotton for export was active in
all markets, though the relative cheap
ness of cotton in New York, caused buy
ers to center attention upon our market.
On the early advance here in futures
Europe and the South we're moderate
buyers. Liverpool quickly reversed upon
finding our market disposed to improve,
and at the close was we'll up from the
bottom. Midday found the local senti-
ment bullish and commission houses fair
bidders for October and January cotton.
Noon bids reflected a net rise of four to
five points. During the afternoon BUSH
ness was inclined to drag, but the mark
ct held firm in tone, with prices but
shade under the best figures of the fore
noon. Short selling was unpopular,
while bears were fearful of an upturn in
the English market tomorrow and COW
cred on every weak spot. In the last
half hour pit longs sold for profits, under
which prices eased off several points.
The market was finally quiet and steady
with prices net unchanged to four points
higher tsls
THE RICE MARKET.
There is a quick market in every
sort: enquiry charging and prices we'll
sustained. Individual operations are
most conservative, there being a general
looking forward to easier prices or a
more liberal assortment. Receipts are
increasing, still quite an item behind
last year at equal date and confidence Is
manifest in that some fair per cent is
being stored and held above current
values Thus far arriving parcels have
been most disappointing in the matter
OF quality; present out-turn and recent
advices indicate that the latter will aver
age far lower than for several seasons
past.
Gables and correspondence from
abroad note firm markets on all desir-
able selections, and business extremely
difficult on account of limited stocks.
The output of the far east has not only
fallen away a considerable item, but the
proportion of low grades much larger
than usual.
Talmage, New Orleans, telegraphs
{ Louisiana Crop Movement to date: Re-
ceipts, rough, 129,515 sacks; last year,
1877 ,545 sacks. Sales, receipts (esD 43,6S4
pockets: last year $4,000 pockets. De-
mand active; prices unchanged with
strong undertone.
Talmage, Charleston, telegraphs Caro-
lima Crop Movement to date: Receipts,
54645 bbls. Sales, 54,645 bbls. Fair de-
mand at previous quotations.
NEW YORK
NEW YORK, Sept 4.-Cotton futures opened
steady at the decline.
Cotton futures closed quie. and steady