Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-06-16
The Cotton Markets.
NEW Work. COTTON AyApL-I-

NEW YORK COTTON MARKET.
New York, June 15.-Though bearishly
Inclined. the local cotton trade VIVA forced
TO give way to bull speculation from Eu-
rope and strong cables from Liverpool.
the lowest point of the session the rank
and file of the talent went home firmly
convinced that Liverpool would take
warning and iluctuate accordingly, the
Impression being that improved crop CON
ditions in Texas more than Offset the
damage accounts In the central belt and
that the outstanding short interest had
been materially cut down during the
fore part OF the week. a decided refusal
events here. together with the appear
ancc of formidable buying orders. dis
concerted operators on the call and led To
a scramble for cover. on which prices ad-
vanced 10 points.
During the rest of the forenoon prices
continued to work steadily upward on
persistent and free purchases by repre-
scntatives of influential foreign houses.
l5uliish enthusiasm failed to kindle in
local circles. however. and with a lull in
European buying speculation came To Il
standstil. Nevertheless. no effort was
made by bears in the direction of re-
covering the ground lost during the fore
noon and prices held well up TO the best
figures of the day. In mid-aftcrnoon
small amounts OF cotton. held by invcs-
tors on which fair profits existed, came
out under forecast Tor much better
weather throughout the belt tomorrow.
Early reports from the Memphis dis
affairs result of unbrokcn rains
which, in some instances reached we'll
nigh cloudburst proportions Late adj
vices from the Southwest, however, quite
counter balanced the unfavorablc news
from the Mississippi Valley, noting fine
in n position to withstand easily the
usually trying weather of July and Au-
gust The Atlantic states also reported Il
favorable outlook, with farmers we'll M
In cultivation and very grat!fled with the
crop in general. Toward the close shorts
ran To cover
rt.n
net rise of ! 10 10 points.
Wilmington. n. c. June l5.-Turpcntine.
steady, AN a 43c. Resin, steady. $l.O5Gil. 10.
Crude turpentine. steady Sl60Gi $50. Tar,
quiet. $l.i0.
Savannah, Ca, June 15.-Spirits turpcn-
tine. market firm. at 43Mc Rosln, very
firm and unchanged.
New York. June l5.-Cotton quiet mid
gross, $40 bales: sales, % bales; stock,
rs. 29S bales.
Total to-day: Net receipts 26iS bales
exports TO Great Britain $3.50 bales: to
the Continent. l,S27 bales; stock, 2l5. 39S
Total since September LIST; Net receipts.
cned steady June, S62; July. S.7i; All
gust, $50; September. 7.S6; October, 76S:
November $50; December. 7,55: january.
1,15; February. I.59; March, 1872; April.
7.65; May, 1.GS.
Futures closed very steady. June, SEC:
October, 7,73; November, 1906 December,
7.5S; January. go: February. 7.62; March.
7.6i; April. 7.G6; May. 7.6S.
Spot closed quiet; middlng uplands.
. 1-l6c.; middling gulf. . j-l6c.; sales. "a
bales.
New York June 1.-the following are
the total net receipts OF cotton at all
ports since September l. 1899
Galveston. l,69i,622 bales; New Orleans.
l,SV2,Soi. Mobile. 200.5i5; Savannah. l,057.
3l6; Charleston. 256.Sit; Wilmington. 27S.
AZ t,lt n. Ttait ft,,,,r ap s<a
York, 1851 Boston, l0S76I Newport
News, 1851: Philadelphia, 1862: Bruns-
wick. o.. ioj. Port Arthur and Sabine Pass.
6S,029, Pensacola, I2S,GS7 Total. 6,Si0, 7Sj
balcS.