The age-herald., 1901-04-16
COTTON FUTURES
 AT \ STANDST|LL Yesterday the Market Didn't
 Vary Ten Points. SPECULATION IS INACTIVE The Market From Start to Finish Seemed to Be Under Control
 and Manifested a Slight
 Bull Tendency.
SPECULATION IS INACTIVE

New York, April 16.-Less than ten points' variation occurred in cotton prices today. and at no time was specu- lation active. The trade was nominally in control from the start and manifested bullish inclinations. There is some fear of summer manipulation, which kept shorts on the defensive. The opening was steady. though off 2@3 points, due to weak cables. That the trade here took little stock in the Liverpool heaviness was shown by a sharp rise of 5QS points soon after the opening, brought about by southern and foreign demand for July and August and a turn for cover by pit shorts. Light stocks in New York and rather gloomy crop reports from the east ern belt were in part responsible for the better feeling. Receipts at the ports did not reach official estimates. Several of the more prominent bears sold for turn, when May reached sO4 and July 7.s5. This selling proved successful, as prices re- turned to about the final basis of Satur- days closing. The New England mill reports showed sweeping curtailment of production. The new crop options in the local market were given a comparatively wide berth by the room trade owing to the scarcity of reliable data bearing on the actual state of affairs on plantations. A furry of covering carried prices to the best level of the day in the last half hour, and the market closed steady with prices net 2 to 5 points lower.
 New York, April 15.-Cotton dull; mid ding, 8 5-16 net receipts, $50; gross, g., O52; sales, 4,4s0; stock 1S5,230; exports to Great Britain. 200; Continent, 124.
 Total today: Net, 9.453; exports to Great Britain, 1,7s7; Continent. S,2S7; stock, 701, ,267.
 Consolidated: Net receipts. 25,s25; ex- 23,SoS
 Total since September 1: Net receipts, 6583, ,944; exports to Great Britain, 2,54S,- AT; France, 625, ,45S; Continent, 2031,oS5
 New Orleans Cotton Market.
 New Orleans, April l5.-The spot mar ket was quiet today and prices for the lower grades from ordinary to middling were quoted down 1-16c by the Cotton Elk change committee.
 Sales, 3450 bales, including 450 to arrive. The market seems to be drifting along without definite inclination and further developments are necessary to give note worthy tone to the complexion of the trade Business was slack in the future market today, though May and July en- agreements received fair share of atten- tion from operators. The remainder of the list was badly neglected. There was | nothing in the situation to attract in- vestment and still less to. claim the at tention of the room traders. Liverpool came in with spots unchanged and moved down 1-64d on the current crop deliver ies. Locally, the market opened four to five points down in sympathy with values on the other side but recovered five points immediately thereafter, only to drop back again. It finally closed with May, 7.92Q7 .93: June, 7.S6@7.S .SS, while the other months were one to two points low CT than Saturdays closing figures.
 New Orleans. April 15.-Cotton, easy; sales, 3,45O; ordinary. 1S-16; good ordi- nary, 61a low middling, ' 5-16; middling, SIS; good middling, 8 9-16: middling fair, 8 13-16; receipts, BPS; stock, 265,94
 Consolidated statement: Receipts, net, 25, ,925; exports to Great Britain, 17,S61; continent, 23,s19; stock. 701,2 ,267..
 New Orleans, April 15.-Cotton futures, dull; April. nominal; May, 7.94a7.95; June, 7.S6d7.S9; July, 7S397.S4; August 7.60@762; September 7.26 bid; October, 7.16@71s; November, 711@7.13; December, 7.11@713.
 Daily Statement.