Omaha daily bee., 1909-10-16
Cotton Iarket,

NEW YORK, Oct. 15.-COTTON-After
making new high records for the season
during today's early trading, the cotton
market became somewhat nervous and sold
off under heavy realizing and operations for
a reaction, with the close easy at a net de-
cline of las points. The opening was steady
at a decline of . points TO an a of l
point, near months being relatively weak as
a result Of Disappointing cables and private
reports from Liverpool Of increased hedge
selling and freer southern offerings. Late
positions. however, were influenced by re-
ports of severe storms in parts Of Tennes-
see, Alabama, Georgia and the Carolinas.
and shortly after the aggressive bull sup
port, Il was rumored that Mr.. Patten and
his friends were buying on frost and storm
news and that the Chicago bull leader was
due to arrive in New York TO look after
next few days. Southern bull leaders were
also aggressive buyers, but after the adj
vance to lS75c for December and 13.a2c for
Maya net gain Of about l34l5 pOints-the
market turned easier under heavy really
ing, and subsequent fluctuations were nerv-
Gus and irregular, A good deal OF the sell
die account, being against purchases In Liv-
erpooi, for the failure Of the English mar
ket to follow recent gains here has led to
a sharp narrowing OF the differences. The
decline late In the day was encouraged by
talk OF a bearish visible supply statement
and the big lntO-sight figures for the week,
but not w~ithstandlng the private cables
from Liverpool. southern spot markets
made a generally steady showing, with
early reports Indicating advances OF from
Lice TO &c. Frost is predicted for the
NEW YORK, Oct. ID. COTTON Flu
lures opened steady; October 1850; De-
cember. 1850; January, 1363c; March,
l3Ilc; May, 1S.7e; June, BTSGla74c; July,
Futures closed easy; October, l35sc: No.
vember n6ec; December. lS.6le; January.
ise4c; February, I267c; March, 1910; ApFfl,
1910; May, lS7So; June, l372c; July, la6sc;
August, lSS4c; September, l2.45c.
Spot closed quiet, 5 points lower mid
ding uplands. 1900: middling gulf l2i5o,
Sales, 1850 bales.
Spot market steady and unchanged; mid
ding. lS&e. Sales on the spot. $50 bales; to
arrive, 400 bales. Futures opened steady
unchanged to 3 points down on moderate
selling by scalping shorts induced by dis
appointing cables. Immediately after the
opening a buying movement, based on re
ports OF damage In Tennessee and Georgia
by last nights storm. started, and shorts
hastily covered. Little cotton was for sale
around the ring and prices were quickly
sent up to a level ud12 points over yester-
days closing. The market was steady unit
around the middle OF the day. when the
posting OF the record-breaking into-sight
out among longs. In the afternoon ses-
sion the selling was Increased by the dis
appointing showing made by mill-takings
for the week and prices were sent down q
the lowest OF the day 4a5 points below yes.
steady al this level Futures closed steady
as follows: October. Ias4c; November. 1Ss7c'
December. 12He; January 1Sssc; March
laIse; Nav las1e; July. lss4e
ST. LOUIS Oct. 16-COTTON-Higher
middling. IsAc. Sales. - bales; receipts
@9 bales; shipments, SS7 bales, stock H.
GALVESTON. Oct B-coTToN-steady
iSsio.