The age-herald., 1901-11-08
COTTON FUTURES
 OPEN 8 POINTS UP Active Covering and a Good
 Foreign Demand MANY BEARS SEEK COVER Liverpool Cables Were Better Than xpected-tieavy Killing Frost
 Was General In the South
 Atlantic States.
MANY BEARS SEEK COVER

New York, November 1.-The market for cotton futures opened firm, with prices to points higher on active GOV ering and good foreign demand While public buying was not much of feature the general undertone of the market was unquestionably better on legitimate con ditions. The more conservative bears sought cover on the belief that recent heavy sales and sharp declines had elim- mated the long interest and placed the market in good form for quick changes. The cables were better than expected, Liverpool being up to ? to 2la points at one time. Moreover, heavy killing frost was general last night in the South At lantic states and cold weather was fore casted for the belt west of the Mississip- pi tonight. Receipts at the ports were liberal. but were counteracted by esti- mates for a much smaller movement to- morrow. Before midday most of the To- cal advance was lost under profit-taking by the scalping element and some bear selling in the hope of forcing further liquidation. But in the afternoon there was another sharp upward movement on fears that Liverpool will tomorrow come higher and on estimates for much small CT receipts at New Orleans and Houston. Trading was fairly active in the last hour. with foreigners good buyers of near months. Private wires from Southern markets reported better export demand and smaller offerings from the interior.
 The close was steady, with prices net to 10 points higher.
 New York November 7.-Cotton mar ket quiet; middling, I 13-16c; net re- cetpts, PA bales gross receipts, 3,268; sales, 103; stock, 72036; exports, conti- nent 2,71S.
 Total today: Net receipts, 54s5s bales; exports, Great Britain, 7,4OO; France, 10.- 51; continent, 7.976; stock 7i1,92s.
 Consolidated: Net receipts, S93,164 bales; exports. Great Britain. S8,947; France, 25,- 172: continent, 50,112.
 Total since September 1: Net receipts, 2,34.S10 bales; exports, Great Britain, 79,719; France, 222,s44 continent, $40, 399
 New Orleans Cotton Market.
 New Orleans, November 1.-The mar ket for spot cotton was quiet today but shade steadier as to prices under the influence of the slight upward turn in contracts on this side. Factors were of fering their lists freely but showed less inclination to give in their asking prices and the result was that buyers who were largely controlled by limitations were compelled to hold off for more favorable terms. Sales 5,050 including 1,750 to arrive. Quotations unchanged.
 The movement in contracts was only of moderate proportions though fluctuations in values were sufficiently frequent and wide to admit of a good bit of room trading which went to swell the total of transactions The outside investor seems to be satisfied for the time being and 1t Is safe to say that the bulk Of the business just now is divided between hedges and scalps. The market opened ! points higher on December and to 4 points on the other months After ire quent fluctuations the closing showed prices to 10 points above yesterdays figures.
 New Orleans. November 7.-Cotton firm; sales 5,05O Ordinary 5 13-l6; good ordi- nary 5-16; low middling 7-16; middling TX; good middling 71t middling fair "A. Receipts 18,931; stock 20s. 369
 Consolidated statement Receipts net 293. 164; exports Great Britain S8,947; France 25172; continent 50,112; stock Ill., 929.
 New Orleans, November 7-Cotton fu- lures steady November 724Q726; Decem- Der 727Q72s; January 7190720; February 717@71s; March 717@71s; April 716071S; May 716@717; June 15Q717
 Daily Statement.
 Galveston-Quiet; middling, 7-16ci re-