The age-herald., 1900-06-21
COTTON WENT ON <
 A BIG RAMPAGE Total Transactions Covered Over 100000 Bales. LARGEST SALES ON RECORD Late Crop Dispatches Infused New Life Into the Bull Faction and Gave
 the Shorts Very
 Bad Scare.
LARGEST SALES ON RECORD

surprises on the Cotton Exchange. From an indifferent start at about last night ; prices, pendulations gathered remarkable impetus in the late session and swung fully 47 points. Moreover, speculation, which was exceptionally tame and feature less on the first call grew at an amazing rate with total transactions probably the largest ever recorded, something over 100000 bales, according to conservative estimates, the bulk of which cotton changed hands during the last two hours of the session. The official ratio of the | opening was "quiet' with prices un- changed to points higher. Toward the close of the first hour firm cables from Liverpool and bad crop advices from nearly every portion of the belt started | local covering which gradually broadened under the South, and Europe were also making good oversold accounts.
 The rise at midday was a matter of 1 to F points, with no special excitement noticed up to that time, however. Nor did the market show violent change until after 1 o'clock and speculation continued within reasonable bounds. A forecast for contin- ued wet weather throughout the belt and emphatically bullish late crop dispatches then infused new life into the full faction and gave shorts a bad scare.
 The latter rapidly grew into wild rut in which New Orleans led. Prices forged ahead by great strides, at the best figures of the day, showing a net advance of 36 to 47 points active options The bull movement attracted attention of influential grain interests whose purchases contrib uted greatly to the strong ruling of the market Wall street, too, became a heavy factor All sorts of rumors were circu- lated on the bulge and shorts at times were completely demoralized by the sen sational rise in prices.
 Conservative parties were quick to con clude that the advance had been too rapid to hold and began selling for reaction. Shorts noted the lessened bull pressure and turned for break in the hope of re- gaining a portion of the ground lost With d rush prices relapsed nearly 20 points with the market finally steady in tone at net rise for the day of 16 to 30 points,
 New York, June 20.-Cotton steady; mid ding 5-16; net receipts, S76; gross, 1,074.
 Total receipts, net, 4762; exports to Great Britain, 1856; France, -; continent, 1929 ; stock, 199625.
 Consolidated-Net receipts, 10,5S1 exports to Great Britain, 13,640 France -; conti- nent, 12,014
 Total since September Met receipts, G. 351, ,364; exports to Great Britain, 2,179, ,344 ; France, 6S9,025; continent, 2,605,621
 New Orleans Cotton Marka;
 New Orleans, June 2O.-Cotton steady; sales, $50; ordinary "A; good ordinary, SA i; midding, SA; middling, 3-16; good mid ding 93s; middling fair, 93s; receipts, 3117 stock, 69,95O
 Consolidated statement-Receipts, net, 10,- $50; exports to Great Britain, 136i0; conti- nent F, ,014; stock, 199,675
 New Orleans, June 2O-Cotton futures steady; June nominal; July 9.12d9.14; Au- gust, S.54MS. .55; September. '. 7.9SGD7. .99; Octo- Der, 7.71G7.72; November, 7,60a7 .61; Decem- Der, 7.6047 6l; January, 7.6247. .63; February, 7.64a7 66; March, 7.67Q7 .69.
 !aiiv atstemen7
 Charleston-Steady; middlng, S5sc; re- ceipts, 70; stock, 15,0S2.
 Mobile-Nominal; middling, Sc; receipts 7fS; stock, 5,4S2.
 Savannah-Quiet; middling SAc; sales 10; stock, 17,111
 Charleston-Nominal; middling, SAC:
 Wilmington - Nominal; middling, SAC; stock, 2,3i4.
 Norfolk-Steady; midding, S4c; sales, 1; receipts, 23; stock. 7,474
 Baltimore-Nominal middling, &c., re- ceipts, $50; stock, 1908.
 Boston-Dull; middling, 9 1-16c; net re- ceipts. 5S; gross, 1S3.
 Philadelphia-Frm; mddling 9-16c: stock, 4,2S5.
 St. Louis-Dull; middling, SBc; receipts AZ; stock 37 733.
 Memphis-Steady; middling, 1-16c; re- ceipts, 10; sales, 25; shipments, 639: stock 3O,121.