The age-herald., 1900-06-15
ANOTHER BREAK IN :. THE COTTON MARKET There Was a Complete Change
 After Midday. PRICES FELL OFF RAPIDLY The Break Owed It's Existence to Fake Rumor That Big New York
 Commercial House Had Sus-
 pended Without Warning
FELL OFF RAPIDLY

New York, June H.-Eyerything pointed to further substantial successes for the bull contingent on the Cotton Exchange today. Shorts displayed misgivings before the opening inasmuch as Liverpool had re- sponded enthusiastically to our advance of last night and as advices from the crop centers were far from reassuring.
 The presence of numerous foreign buying orders as we'll as an exhibition Of confidence on the part of certain New Orleans inter- ests recently credited with the engineering of summer month bulge, added to the nervousness of shorts, while at the same time serving to create friendliness toward the market and investment circles.
 The opening was steady with prices 3 to 6 points higher later increased to a matter of to Il points, All things worked to- gether for the interest of the bull faction most of the morning, but toward midday light proft-taking set in and materially cut down the lead, though in no way unde- termining the convictions of stalwart 1ongs
 Private wires reported excessive rains in the Memphis district and unsatisfactory crop conditions generally in the central belt; southern spot markets were reported to have taken a firmer turn on increased export demand, while the official forecast pointed to further rains over the country west of Texas
 The whole character of the market changed suddenly after midday under a wild scramble to sell for both accounts, un- der which prices fell to below the closing of lats night. The break owed it's existence primarily to a rumor that worldwide known New York commercial house. had suspended without warning. 1t was later proved, however that the house in ques- ton had closed it's doors for the day only, owing to the death of a member of the firm.
 The contradiction failed to assure the bull crowd, however and throughout the rest of the afternoon the market was feeble and nervous, with prices unable to rally much from the low point of the day. sOn the turn down the South and Europe were leading sellers, though considerable long stuff came out
 The close was quiet, with prices 2 to 5 points net lower
 New York June 14-Cotton quiet; mid ding, 1-16c; net receipts, 337; gross, 7S4.
 Total receipts today: Net receipts, $50; exports to Great Britain 2,4i9; to France, -; to the continent, 2; stock 220, ,051
 Consolidated: Net receipts, 979i; Great Britain, 15,049; France, S39; continent, 6,923.
 Total since September l: Net receipts, G. S3S, lG5; exports to Great Britain, 2,15S 165; to France, 639,0 ,025; to the continent, 2,59l, ,7sO
 New Orle Coriol Market
 New Orleans, June H.-Cotton steady: sales, 1850; ordinary, [ 11-16; good ordinary, 3-l6; low middling, S5s; middling, S1-16; good middlng, 9i4 middling fair 91s; re- ceipts, 334; stock 76244.
 Consolidated statement: Net receipts 9,791; exports to Great Britian, 15.0i9; France, SS9 Continent, G923; stock, 22oO51
 New Orleans, June H.-Cotton futures steady June, S93 asked July, S.96QS 97; August, S3200S.33; September, 7.65I766 October, 7.364737; November, 7.27d7. 2S; De- cember, 7.2697.27; January. 7.2797.2S; Feb ruary, 729Q731; March, 73317. .35.