The age-herald., 1901-08-25
COTTON MARKET CONTINUESU UPWARD After a Steady Decline Sharp
 Buying Set In PRICES SENT SkYWARD General Buying Was Led By Shorts and the South, and the Present
 Bull Movement Went to
 the Top Notch.
PRICES SENT SkYWARD

F New York, August 24.--The cotton mar
 ket opened steady at a decline of to 6
 points, this being an indifferent response
 to weak English cables. Aside from the .foreignSnews influences at work were de-
 cidedly fbullish The weekly crop weather
 review of the Chronicle pointed out de-
 terforation 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 strilxingly bullish, not Ing coptihped damage by excessive rains
 in theAkastern belt, and drouth over the
 entire yAssern section.
 | Southern"spot markets were strong and
 advancing on exciting demand from thor
 oughly alarmed exporters and increasing
 demand from Fall River spinners. A de- cline of 21s points in Liverpool was ex- 9pected this morning on our close of yes terday. The final cables reported a net
 loss of 112G51s points, due to realizing and
 selling for a reaction. Spot cotton, how ever, was 1-32 higher on fair demand. Sell-
 
 by fear of very bullish weekly govern
 ment report from Washington next Tues l day Late in the morning heavy general 1 buying led by shorts and the south sent prices to the'@high 'snotch of the present
 bull movement. January sold at 7.s0. The
 market closed very steady, with prices
 net to Il points higher.
 VArfr 0l 1,..
 middling, SEC; net receipts, 341; gross re- ceipts, 346; sales. 1895; stock, 14S,2 295. Total today Gall seaports): Net receipts, 5159; exports to Great Britain, =; exports | to France, -; exports to the continent, 1893; stock, 254SS6
 Consolidated Gall seaports): Net receipts 5159; exports to Great Britain, =; exports to France; exports to the continent, | 1893. Total since September 1 Gall seaports): Net receipts, 74SS, ,25O; exports to Great Britain, 3,035 9S9; exports to France, 72S,- S59; exports to the continent, 2613,S77.
 New orIear; Cotton Market. New Orleans, August 24.-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 30 bales to arrive. As to the. range of prices, the exchange committee I on quotations reported at the closing hour | the market firm and advanced the official l 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 moYenlent. 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 inf1u- | enced the trend of values. For New York was in this market neck deep and 1t may
 safely be stated that a 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 they are taking on new lines of consid-
 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 A.-Cotton firm;
 sales, 650; ordinary, 6 9-16; good ordinary, TX; low middling, 8 1-18; middling, 8H,;
 good middling, 9A; middling, fair, 91t Receipts. 43O; stock, 4s,Os1.
 Consolidated statement: Net receipts, 5159; exports to the Continent. 1893; stock. 254, ,S66
 New Orleans. August 2-Cotton
 futures, barely steady. August, SS bid; September. SIS bid October, 7900D7 91
 November, IS3@7 85; December, 7S207 sf
 January, 7.sS@7S4; February, 7S307. .S4; i; March, 7.S3@7.S5.
 Daily Statement.