The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-21
COTTON MARKETS.

was a day of surprises on the Cotton Ex-
change From an indifferent start at
about last nights prices pendu1ations
gathered remarka BILE impetus in the late
session and swung fuly47 points. More
over. speculation. which was exceptionally
tame and featureless on the first call.
grew at an amazing rate, with total
transactions probably the largest ever re-
corded, something over one million bales,
according to conservative estimates, the
bulk of which changed hands during the
last two hours of the session. The off
cial rating of the opening was quiet"
with prices unchanged to points higher.
Toward the close of the first hour firm
cables from Liverpool and bad crop adj
vices from nearly every portion of the
ually broadened until the South and
Europe were also making good oversold
accounts. The rise at midday was a mat
ter of 4 to Il points. with no special eN-
ever. Nor did the market show violent
cnange until after l O'Clock and specu-
lation continued within reasonable
bounds. a forecast for continued wet
weather throughout the belt and enphat-
ically buliish late crop dispatches then
infused new life into the bull faction and
gave shorts a bad scare. The latter rap
idly grew into a wild rout in which New
Orleans led. Prices forged ahead by great
strides, at the best figures Of the day
showing net advance of &c to 81 points
on the active options. The bull move
ment attracted the attention of influential
grain interests, whose purchases con
tiibuiSu really 10 lllG Stlot!s5 Iuic VI tAiC
market. Wall Street, too, became heavy
buyer, and the speculative public in gen
eral exhibited more interest than in
lated on the bulge. and shorts a times
We're completely demoralized by the SEN
sational rise in prices. Conservative. par
ties were quick to conoede that the adj
vance had been too rapid to hold, and be-
gan selling for reaction. Shorts noticed
the lessened bull pressure and turned in
hope OF r regpainng portion Of their
nearly 90 points, and the market closed
steady in tone. with a net gain Of 16 to so
points on the day.
July, SIS; August, s.s2; September, $50;
October. no; November and December,
MaFch ? 75 April 'S 81 m hsor 5s5 s0
Futures closed steady June. SO; July.
s.72; August, sos; September. s15; octo-
Der, 7;99; Ne 9y 7;s5; Dscembe1 81;
100; April, 7.92; May, 7.o5.
Spot cotton closed steady at z advance;
coTToSS--steady; middling, 9 81 PIG; net
refept5 s bales sr sH s5o o1 OF bales
Total to-day-Net receipts, 4,7G2 bales;
exports to Great Britain, 1856 bales; to
the Continent, 1929 bales; stock, 1865
bales.
COMMUNICATING receipts; 1o5s1 bales:
the Continent, 1904 bales.
Total since September 1st-Net receipts,
6,351 1854 bales; eXpors to Great Britain.
2.1I9,344 bales; to France, $50. 025 bales;
to the Continent; 2,605,G21 bales.
NEW ORLEANS, June 2O-COTTON-
Futures-June nominal; July, 9.l2@9.14;
August, 6.54pS.55; September, 7.9SG17. 90:
October, 7.1iM7.72; November, 1904. 81;
December, 7OO0761; January, 7.62617. Sc;
February, 7.64@7. SO; March, 767@I.G9.
LIVERPOOL, June 20.-COTTON-Sp
in fair demand: prices steady; American
middling, 1-32d The sales Of the day
We're 10000 bales, of which 500 were for
speculation and export, and included $500
American. Receipts, 2.0GO bales, inciud-
ing 1000 American.
Futures opened quiet and closed firm;
American lniddlins, |. m. c., June, + G0-64
sellers; June and july 51-64. sellers;
July and August, 4 J4-64Gl4 $500, buyers
August and September, 4 46-64, sellers;
September and October, 4 32-64. sellers;
October and November, 4 21-641I4 % ca
buyers; November and December II ct
buyers; December and January, 4 1J-G4,
sellers; January and February, 4 1864,
buyers; February and March, 4 1864,
value; March and April 1864, value.
NEW YORK PRODUCE MARKET.