The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-12
COTTON MARKETS.

NEW YORK. June 11.-coTToN-In
some respects to-day.s market was a
peculiar affair, with trading dull and ac-
tive by turns and sentiment variable.
The forenoon, in particular, showed the
talent, as well as the speculative public
to be more or less in the dark and unable
to form positive opinions, due, for the
most part, TO uncertainty as to the out
come OF the noon Government crop re-
port. The market opened steady with the
list sale of July showing decline of
points, while the last sale of the call was
an advance of 3 points; the other months
We're 1 to points higher. This advance
at work, such as weak Liverpool cables
and beariSh reports on the crop and the
weather conditions from the cotton belt.
1t was seen that Liverpool this morning
phatic rise last week, while the English
markets were closed on account of noli-
days. The foreign contingent also showed
a disposition to sell a the opening prices.
Before the close of the first hour the
market made a turn for the worse under
change in the character OF speculation
here and rumors that sentiment IN New
Orleans was strongly bearlsh. However,
the crowd was disposed to act with eX-
trejne conservatism pending knowledge
as to the bureau statement. Inc latter
Immediately seized upon as a bullish
argument Prices avanced 4 to 6 points
on a light furry of.covering and invest
ment buying for the account OF coura ge-
crease in acreage of CT per, cent, equal
to 2,036,0o0, making the total acreage %
ooo.O00 acres. The crop condition showed
q decrease of 80 per cent, to So, with
Texas reported at II. Nevertheless, the
report failed to stimulate bull enthu-
siasm, and by 1880 shorts had regained
contid ence and We're hammering tne en-
tir- list in jubilant manner. oriecs he
gan to crumble, and soon broke lecpen,,
dlcularly under a squirt OF active general
selling. in which New Orleans was a
prominent ,ltsr The WE did not
terminate until late in the day, when d
scramble of profits created some s;cadi-
ness and rallied prices several points.
During the rest OF the session the mar
ket was feyerish and rather disposed TO
weakness. The close was barely steady,
with prices Is to 10 points lower.
CoTToN-Futures opened steady at the
advance: June, So; July, 81; August,
$40; September, 100; October, 7.76; No
yember, 7.62; December, 7.61: January,
7,46: February EaM y 1885, March, 1865 April
Closed barely steady; June, s.62; July.
$50; August n1 SD; September, 1S5; oc to.
75s: April, 7.Go; May, 7.62.
Spot cotton closed quiet: middling up
lands. 8; middling gulf, 81; sales, 30
bales.
coTToN-ouie middling, o. net re
ceipts, $50 bales; gross, 7,0Si bales; sales.
op STOCK, iJSiO CdleS.
Total to-day-Net receipts, 3,O44 bales;
exports to Great Britain. 2.092 bales: TO
the Continent, 143 bales; stock, 222a,2sS
bales.
Consolidated-Net receipts. 4,0S6 bales;
exports to Great Britain, 5,592 bales; TO
the Continent. 1.025 bales.
Total since September 1st-Net receints,
6, 457 bales; exports to Great Britain,
,-49,30S bales: TO France, 6sS,1S6 bales;
to the Continent, 2,5S5, So bales.
NEW ORLEANS, June 11.-COTTON-
Futures closed barely STEADY; June, S.93
asked: July. S93@S.9J; August, S.23aS.2l;
September, 7.Go@T.61: October, 71.35Q7.36;
November, 7.26@7.27; December, 1850
.26; January, 7.25G01. 27; February, 7.2IQ
L29; March, 7.304I.322.
LIVERPOOL, June 11.-COTTON-Spo
quiet; prices higher: American mlddling,
fair. 5 1a-32d.; good middling, 59s; low
middling, AS; good ordinary, AZ: ordi-
nary, GIG. The sales OF the day We're
1000 bales, of which 800 We're for specu-
lation and export. and included 6,40G bales
American. Receipts since last report H.
600 bales, including 500 bales American.
Futures opened firm and closed quiet:
June, 46-64d4 4I-64, buyers: June and
July, 4 53-64. buyers; July and August,
i 51-Gi, buyers; August and September.
40-G4, value; September and October,
2S-64, buyers; October and November,
1864, buyers; November and December.
4 l3-64Gl4 14-G4. buyers; December and
January, 4 1l-G4, buyers; January and
4 ebruary, 4 1864, buyers; February and
March, / 10-Gl, sellers.