Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-06-30
The Cotton Markets.
NEW YORK COTTON MARKET.

New York, June 2a.-From an cventful
opening the market for cotton futures
developed surprising amount of ne
hcrent strength with the fca ttre of the
day an advance of 10 cents by the July
options The weekly statement of statis-
tics from Liverpool was hardly so buliish
as expected while the public and private
advices at hand before our opening failed
Ia note any serious change in the situa-
ton abroad. The start here was Il tolera-
bly, steady one. with prices = points higher
to point lower The action of the mar
ket during the first few minutes led room
traders to believe that the UNPRECEDENTED
bull movement had about run its course
and that speculation would fan of TO the
customary dull summer month business
But before 1890 a. m foreign representa-
tlNes stepped to the front as buyers of
the near months. which We're offered with
extreme reluctance by local holders. The
South Joined in the buying movement
which grew TO n tremendous proportion
as the forenoon progressed
July made Il sheer advance of 9SS. or
$50 points above the quotation current two
weeks ago and lust before the close sold
ut 10 cents amid Intense excitement and
Dull enthusiasm. August followed with
Il jump TO 9.6l, making the advance of
that option within two weeks 120 points
Strong late cables. unfavorable crop news
ara reported further rains In Alabama.
tennessee and Georgia, together with
runorS OF Il pronounced advance in spot
cotton South ON urgent export demand.
added 10 the firm undertonc of the mar
ket; Then came setback under local
realizing. which started soon after the
final English cables were In hand
During the early afternoon the market
seemed in q position 10 so lower. as for
cisn orders appeared 10 be pretty
Thoroughly executed. while the weather
predictions were exceptionally faVora bic
10 the growing crop. But at the opening
of the last hour hull speculation quick
cned and prices resumed an upward
course, with tho summer months far in
the lead. The sole thought in the minds
of room traders seemed TO he that 10
f.s \ i
this feeling large blocks OF that delivery
were purchased with great confidence.
he market closed very steady, with
prices net 10 TO 80 points up on near
months and To up on far months.
New York June 29.--Cotton futures op-
cned steady. June. 9.63; July. 9.Gl: Aii-
November. $50; December, So; january.
S.i1; May, Sli.
Closed steady June. nominal; July,
hcr SIS. November, SIP; December. SIS:
January; S,SS; February, $50; March. S.4l:
April. S.43: May. s. a.
Spot closed steady NC advance: mid
ding uplands, Zoe. middling gulf. I0Ac
New York, juno e9.--Cotton steady: mid
ding. lnc Net receipts, 100 bales gross.
2VSS bales; sales, 3,5iS bales; stock, -. AZ
Total to-day: Net receipts. lss6 bales !:
exports To Great Britain. 10 bales: TO the
Continent 1866 bales; stock. 1dgliS bales.
Total since September LIST: Net re-
coipts, G,$.Sl&l bales. exports 10 Great
britain, 2.l9SSl5 bales; to France. go. 026
bales; 10 the Continent. 2,G3S.l43 bales.
New York. June 29.-Thc following are
the total net receipts of cotton at all
ports since September j:
Galveston. l,t9S,33l bales; New Orleans,
I.Sl4,SJN. Mobile, 2rl ,3,4: Savannah. I.U5S =
SSi: Wilmington, $50 Norfolk 3Si p .
Baltimore. .9,2ii: Now York l1S.2al; Bos-
ton, 100 1856; Newport News, l1tSt: Phila-
thur and Sabine Pass, Gb.02J, PenSaClo