The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-20
Cotton futures opened steady and CLOSED

81
stock. 1855 bales: export to the Continent,
eco bales: coastwise 50 bales.
Total to-day at all ports-Net receipts,
org bales: TO the Continent. 200 bales; to
Japan, SO bales; stock, 233 ll5 bales.
Consolidated at all ports-Net receipts,
bales: to the Continent. 16.o2 bales; to
Japan. SO bales.
Total since september at al ports-Net
receipts 2sa bales export 70 G ar q,
bales ; to the Continent, e,e54b4s bales; to
japan, 1881 bales; to Mexico. 1854 bales.
New Orleans, La, August 19-Cotton-spof
quiet, 1-l6c. off: midd!ing. INC. Sales on
tho spot 81 bales Futures opened steady at
a decline OF 2@4 points on somewhat lower
cables than expected and official reports OF
iconsd cradle rain in Texas. Tho market
developed some weakness on the weather
news, but even the first call shorts at
tempted to take profits under cover OF u.
and at the lowest in the early trading the
active months were only o97apoints undet
yesterdays closing. Bulls saw their oppor-
.tunIty and were able to put the MARKET
up by giving out a very moderate number
OF buying orders. In the afternoon session
the bears became aggressive ain. CHERRY.
on large receipts OF new cotton az sa haas
of new cotton had been received there, ana
prices were sent to the lowest levels OF tns
day again. The close was STEADY. unchahseo
TO points up compared with yesterd 1a
close Cotton futures closed steady CLOS
sing4 bids: August 1874: September, 1872;
October, 1929; December 1929; January, 1906;
March, 1916; May. 1852.
New York August 19.--Weekly Cotton Re-
iv!ew.-In a purely weather market prices
have moved rregularly. influenced by cons
ficting reports regarding the weather in
Texas Rumors have been circulated OF tree1
rains in Texas but much OF the &time theS
have lacked confirmation. q late, howevsf;
in the central and southern portions OF that
State, where they were badly needed, ana
though 1t is believed that the precipitation on
was too light and too late to materially
benefit the plant there has been consider
able long liquidation and also more or less
short selling. There are some Who co lnse.a
has sustained has been over discounted IN
the price Reports from the eastern section
Of the belt have In most cases continued 10
Unusually wal-informed Alabama interests
claim that there has been wonderful Inn
provement in the situation east OF the MIS-
sssippi. Meantime the movement OF the
new crop In the Southwest Is increasing, and
the demand for the actual cotton from the
mills continues small 1t is now oelleVeo
Will have become heavy enough to weigh
down upon the various mnrkets OF the coun-
try unless the spinning demand increases
materially. On the other hand .hows ~, !,
| 10 encourage excellent buying, and at times
prices have rallied sharply. Very many ex-
press the opinion that Inc p4hnt ~ 4eAas
| was irreparably damaged TO serious oesree
| by the protracted drought
A local authority issued report on Wea-
nesday. the nth instant, stating the con no !,
] ton since August II at 732 per cent, his
showed decline In the condition
since July IS OF 80 per cent. as com
I, pared with condition OF 70 per cent. last
wear and OF Ss.y two years ago. Banking In
terests OF New Orleans Issued crop esti-
| mate putting the yield in Texas at only 2
| a local crop estimate was issued OF under
! il. 900, 900 bales. Trade reports from various
| parts OF the country note Improvement In
| the situation At Philadelphia and Boston
| the demand for yarns has increased at ar
1 advance in the price. Western dry goods
| reports have been favorable. In the loca
market the demand for various descriptions
/ OF goods has continued to broaden To-da!
| there was an early decune on further Texas
i rains weakness In Liverpool, selling by room
1 traders and liquidation. Later. q, rally oc-
4 Cured on bunish crop reports from the
Southwest bull support and covering. !,