The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-08
COTTON NfAREETS

COTTON MARKETS
NEW YORK, June 7.-COTTON-The S
feature OF to,day,s news In the cotton
mate. anu as the. figures given exceeded
expectation, decline in prices naturally
resulted. While fluctuations during the
was not gratifying to either side. The
market opened steady. with prices 1
points lower to point higher, but al !
most Immediately turned weak in rel
Spouse to a sharp break in Liverpool, and
under an estimate for an increase of 81
per cent. In this years acreage to s24,623
acres. On this downturn considerable
liquidation occurred both foreign and do |
mestic accounts, while shorts increased |
obligations under the firm conviction that |
the situation warranted a decline to be- |
low the SC. market for August. But while |!
in the midst OF their jublation the bears
were confronted with a sudden reaction |
in Liverpool and brisk demand from intlu-
entail outside parties here. Prices quickly
returned to last nights level on this |
support and scored a slight gain before
a breathing spell was taken, but the |
Liverpool final cables in hand OF room
traders subsequently assumed the defen-
sive and gave attention to settlement of
unprotected accounts as q matter of pre-
caution on account OF the holiday in
Liverpool tomorrow and Saturday, and to
an unusual divergence OF OPINION con
corning the probable outcome of Mondays
bureau report, the first of the season
Moreover. very little news came 70 hand
in the afternoon, and orders We're also
few and FAR between, leaving the taient
IN control, but purpoSeleSS. Inc market
was finally steady.
COTTON-Futures opened steady; June,
SIS: july, S33: August. $40: September,
ISL; october, 7.67; November. !23; De
cember, to-; January. 10; tepruary'
7.5B; March. 7.5S; April, 100.
Futures closed steady; June ana July.
S.36; August, SD; September, IFS; Octo-
Der, 763; November 100; December, ..2o:
January, 7.52; February, 1856, March. 10;
Aprll. $50; May 7.Gl.
spot cotton closed quiet; mluuling up
lands, SIS; mddnng gulf, 91s: sales, 300
bales.
coTToN-Quiet; middling, SIS: gross re
ceipts, 4SS bales; sales, 800 bales; stock,
74,o0S bales.
Total to-day-Net receipts LOIS bales;
exports to the Continent, 1,3oo bales;
stock, 233.942 bales.
Consoldated-N receipts 1850 bales;
exports to Great Britain, 7,76G bales; to
the Continent, .3,274 bales.
6.326,316 bales; exports to Great Britain.
2.143,517 bales: to France, 6sG,62o bales;
to the Continent, 2,5I9,Oll bales
Futures steady; June. seq bid; July, sd9@
ST.; August. SOS; September, ao0l.6l;
ctober. 7.a4aI.35: November, 7.23Q11.o6;
February, 7.2s0l,&o: March, 7,:sooG'i2.
LIVERPOOL. June 7.-CoTToN-Quiet;
American middlins, fair, . 5-l6d:; sood
middling, 4 25-32; good ordinary, o1-32;;
ordinary, 4 1882. The sales of the day
were 1000 bales, of which 800 We're for
speculation and export. and included
$500 American. Receipts, 5000 bales, no
American
Futures opened steady and closed quiet
at the advance; American middling, !. m.
. c., June. OLGA, buyers; June and July,
4 4S-G4, buyers; July and August AGA.
buyers: August and September, 1851,
buyers: September and October. 23-64.
sellers; October and November, 14-64@
4 1854, value; November and December
11-64, sellers; December and January,
Z 9-64, sellers; January and February,
4 7-64@4 SEA, sellers; February and
March, 764, buyers.
NEW YORK PRODUCE MARKET
NEW YORK. June 7.-FLOUR-More
active and tirmer, holders asking 5G10c.
advance on all grades; winter straights,
$3.400350; Minnesota patents, $3.6O43.9U
RYE FLOUR-Steady.
CORNMEAL-Quiet.
RYE-Frm, No. western, 61c f. o. b.
anoat.
45 li, c. i. + New York; mating, 49a53c
c. j. f. New York.
BARLEY MALT-Nominal.
WHEAT-Spot strong; No. red, SOAc.
ed activity and strength later in the day
on continued bulish spring wheat crop
news. Local shorts, Wall Street and for
eign houses all bought more or less freely
during, the day The Northwest also
bought early, but later sold on reported
rain at Winnipeg; closed strong at 112c.
advance; July, 74$c:; September, 76c
CORN-Spot steady; No. ,, 451Sc. OPP
tons opened steady and We're generally
dull under scarcity of buying orders until
the last hour, when prices, rallied with
Wheat t,oce Closed as steady and c hgler
OATS-Spot t1rmer; No. ., 26Ac. OPP
lions neglected but steady.
BEEF-Steady.
CUT MEATS-Steady; picked bellies,
s..JOGS. 80; do. shoulders, S6.75.
LARD-Firn; western steamed, $40.
Refined frmer; Continent, s. 40
PoRk-Firmer;, family, s13.5o@14.5o.
BUTTER-Steady; creamery, grass, lG
! @1Sc.: State dairy, 159@lS13c
CHEESE-Firm: dead, large white, $50
9lAc.: large, colored, 9A@39sc.
EGGs-Firm; State and Pennsylvania,
| 131aG141ac.; western, at market, 10013c.;
western, loss off, 13M13iac.
TALLOW-Quiet.
PETROLEUAE-Weak.
ROSIN-Quiet; strained, common to
good, $1.55.
TURPENTINE-Easy at 471A@4sc.
RICE-Steady.
CABBAGE-0uiet; Florida, 81. 25q1.75.
FREIGHTs TO LIvERPOOL-Quiet
COFFEE-Futures opened steady, with
prices 10 to 20 points lower in sympathy
with disappointing European reports, but
soon partially rallied on firm cables from
Brazil, reports of many new plague cases
in Rio, small receipts, large warehouse
movement, the decrease in visible and
good spot demand. Trading was Very ac-
tive with investment orders conspicuous.
The close was steady; prices 5 to 10 points
net lower Total sales, 34,750 bags. in
Guiding July at s7.50@I:55; September,
S7351c7.5O. Spot coffee-Rio steady; No.
I invoice, S2sc. mild steady; Cordova,
9A@l3lac.
SUGAR-Raw strong; fair refining,
41sc; centrifugal, 90 degrees test, 43sc.
CoTTON-slcED OIL MARKET