The Wichita daily eagle., 1897-08-07
COTTON.

New Orleans, La, Aug. 6-Cotton-very
steady; sales 2I5 bales; ordinary. 67-1sc;
eood ordinary, 13-l6c; low middling. ne:
middling. 7l1-l6c; good middling. Sl-l6c:
middling fair, S11c.
New York, Aug. 6-The cotton market
opened quiet and steady. at an advance of
I TO points, following favorable Liverpool
advices; further advanced 10 points, on
reports of continued dry hot weather IN
Texas and at II O'Clock ruled steady at a
net advance OF TO 6 points, with trading
active and sales 70 that hours Is 900 ba les.
a feature of the early transactions was the
marked increase in foreign orders. Bulls
were strengthened by the rumorS OF the
cornering OF several markets and the re-
ports of pronounced firmness In print cloth
markets in New England. Closing quota
tons: Spot closed quiet: m!ddlng uplands,
Sc; middling gulf, Sc; sales 1s9 bales. Fu-
ing prices: January, SIT; February, S.2i /;
March, S.2i; April. S.N; May. S.32; August
S.51; September, $3.50; October. sis; No
vember, $40; December, SI3
The New York Evening Post Of August 6
says OF the cotton market:
The cotton market continued quiet today,
with trading on a small scale. and confined
10 the smaller board-room traders and local
operators. The more favorable opportuni-
ties which the stock and grain markets Of
fered for speculation and investment are,
no doubt, the principal cause for the con-
tnued Gullness OF the speculation IN cotton
and the apathy OF outsiders toward thls
market. Il is always the last 10 feel the
revival Of speculation. however; hence the
present dullness is Tot unusual or indiCa-
tive OF any new features In the situation OF
an unfavoTabi character. The month Of
August is always the most critical month
Of the crop year. and uncertainty OF the
weather conditions and the effect OF them
upon the crops development. the bulk Of
which is mace during the month. tend 20
restrict active dealings. Brokers are. how
ever, looking forward 20 a revival o1 spec
ulatiOn IN the near future, and IL - The
general impression among those best inform
ed In the trade that active markets VIII de-
velop before the end Of the month, r. In
deed, they do not maieralize before then.
There was less selling pressure IN evi-
dnce today. and, as a consequence, the IN
Certone OF The market was steady through
out the session. The early Liverpool ad-
vices reported a decline OF I-a2d n spot cot
ton there, and ~ points N futures: but
this vas less than expected. IN view of our
decline Of yesterday, and, with continued
good spot business there. snd ! good de-
TlArd here and at the south, ard Continued
dry weather in Texas, there was nothing In
the situation on which the market could be
6epresse TOD any extent.
The opening quotations were % points
higher, with August S.5i. September g. y.
October. S.lS. November. S.os: December,
W. and January, E-l@- There vas an
absence of support. and on TIE lack OF cut
SIDE business. the rooal-t-ade-s sold. and
prices receded 5 paints for August and
points for September. and 20 points .o-
the rest ot he Es. This VAS followed BY =
rally on some moderate buying ~ locsLl
commission houses and scsipeTs. sri .rf-ss
rallied 20 the bass o. S-5I for Angus. E-
fO- september. Ei4 Cor October. s1s ,o-
November and s-Ii for January. az ~1sch
range the market ruled Quie: ard steady
throughout the balance oS ire forenoon
TIE total sales ot al options uD 20 = oclock
Ee-e ~ 80 bales
The weather bureau reported generally
clear and hot we2 tier al over TIE south
The only rainfall IN Texas to- the post q