The Birmingham age-herald., 1902-09-09
New orleana Marknt.

New Orleans, September 8.-The mar ket for spot cotton was fairly active to- day. The trading, however was done up- on a definitely lower range of values There appeared to be some little pressure to sell, and factors were obliged to ac- cept the terms of the purchasing element The market is we'll stocked with an ex- cellent assortment of grades. and buyers have no difficulty in making suitable se- lections, and as cotton is now coming in rapidly that fact Is not unlikely to bear heavily upon prices in the near future Sales 1150 bales, including 1900 to arrive. Quotations reduced 3-16.
 In sympathy with unfayorable cables and apparently a predomnatlng senti- ment that lower prices are inevitable on account of. the pressure to sell, the rapidly accommodating stocks/ of new cotton, the trend of prices for futures today was de- cidedly downward, though there were several upward turns. The poard at the close showed ret losses since Triday's closing of l2 to II points.
 New Orleans, September s.-cotton fu- lures steady September S.06dS. or; Octob- CT 795Q7 s6; November 7.s2; December 7.999Sc; January s.oO6S S.O1; February s.01qS.0S; March s.O2qS.04.
 New Orleans. September s.-Cotton quiet, sales 3150; ordinary 1916; good ordinary S-16; low middling 3-16; mid ding 8 3-16; good middling s3s; middling fair 11-16. Receipts 3S62; stocks 4S, 790.
 Daily Statement.
 Galveston-Steady. middling 7-16; sales 1900; receipts S529; stock 32.200.
 Mobile-Nomnal, middling 3-16; re- ceipts S37; stock 40S7.
 Savannah-Easy, middling SA; sales 1908; receipts 5312; stock 40,S0S.
 Charleston-Steady midding 3-16; sales 900; receipts 9s0; stock 6697
 Wilmington-Firm middling S1s; re- ceipts 1073; stock s695.
 Norfolk-Quiet. middling S&; receipts 222: stock 1257.
 Baltimore-Nominal, middling sN; stock 1075.
 Boston-Dull, middling 8H; gross re- ceipts 6S.
 Philadelphia-Quiet. middling SIS; re- ceipts 2234 stock 21so.
 St. Louis-Steady, middling S1kc stock il, ,656
 Memphis, September s--Cotton closed quiet at Ac decline, middling SZ; sales boo receipts 115; shipments 70; stock 7s28
 Liverpool Market.
 Liverpool. September s-Cotton spot moderate business; prices l-16 lower: American middling fair ll-S2; good mid ding 3-32; middling 5d: low middling 2s-32; good ordinary 1 25-S2; ordinary 2l-32. The sales of the day were 5000 bales of which 800 were for speculation and export and included $500 American. Receipts POO bales. all American. Futures opened easy and closed quiet. American September 4.50, buyers; September-Octob- CT 4.39d4. 40, buyers; October November 4.3494.35. buyers: November December 4.3lG4.32, -buyers December-January 4 30 @4.31. sellers; January February 430, sellers. February-March 429. buyers; March-April 4.2s. sellers; April -May4 2S0 4.2s, buyers; May-June 4.2sQ4.29 buyers.
 Dry Goods. New York, September s.-The week opens with a good demand for both staples and fancy goods both at first hands and with the jobbing trade. Prices of heavy brown sheetings and most coarse colored cotton goods are being gradually advanced. Print cloths very firm. Prints are getting scarce and tone firm. Silks and ribbons firm with fair demand.
 Cotton Letter. c. W. Lee & Co.'S Letter to H. D. Coth-
 ran & Go.
 New York, September S.-As the market passed beyond all reason on the advance. shooting up 43 points in two days, so now 1t is going 1t little too much the other way. This morning there was a further break, this afternoon more selling and lower prices, until January sold at 8. 20. The whole list was weak in the extreme and there seemed to be no support from anywhere. January grew weak on heavy receipts and good weather Receipts are the depressing factors. but the break has gone little too far and too fast. There Is likely to be sharp reaction here somewhere and the support will increase as the price goes below SAc. -E.e cotton bought last week seems to be all coming out, and this will make the reaction a sharp one when it starts. There is noth- ing to short cotton at present prices, and buying on breaks will nav i,. tha lor.~