The age-herald., 1901-06-10
ENERGETIC BUYING IN COTTON MARKET All the Forenoon the Market Showed inherent Strength THE WEST A FREE BUYER The Market Was Active at Times With Fluctuations More or Less vio-
 lent-cIosed Steady
 and Easy.
THE WEST A FREE BUYER

New York. June S.--Cotton market open- ed steady with prices up four to seven points on a scare of shorts so common of late and energetic buying for invest ment aceaunt. All the forenoon the mar ket showed inherent strength and was very active at times with fluctuations more or less violent. The bulk of the buying was done by disheartened shorts, many of whom had weathered the recent rise on the belief that sharp reaction was not due. The West was a free buyer of August. but sold July. Wall street took profits on August holdings while the South bought new crop months The weather South was fairly favorable.
 A bullish review of the week in the belt by the Chronicle and decrease in receipts helped to strengthen the market early in the session. Private advices noted increased demand for spot cotton in nearly all Southern markets with prices 1-16Q1sc lower, Private cables stated that the short scare In Liverpool was unabated and that increasing investment specula- tion was placing the market in very firm position. There were slight reaction late in the session under profit-taking and light selling for turn.
 The market closed steady with prices net three to six points lower, having weakened near the close under heavy general selling.
 New York, June s.-Cotton dull; mid ding, Sssc; net receipts, 100; gross receipts 12S5i sales, 200; stock, 130.044.
 Total today: Net receipts, S550; exports to Great Britain, 1881; exports to the continent, l5,So4; stock. 4s2,97s.
 Consolidated; Net receipts S550; exports to Great Britain, 1881; exports to the con tinent, 15,So4.
 Total since September l. Net receipts, 7,100, ,232; exports to Great Britain, 2,S41,- 912; exports to France, 697, ,307; exports to the continent, 2,se6,se5.
 New Orleans Cotton Market.
 New Orleans, June S.-There was some demand for spot cotton today, and the sales reached a total of 900 bales of spots and 170o bales to arrive. Offerings were a level, even higher than yesterdays ad- vanced figures and upon such a basis buyers declined to face the market. But with the abrupt and heavy break in con tracts, brought about by country selling factors, began to show a different spirit, and several lists changed hands. The ex- change committee on quotations reported at noon that the market had opened higher, but that the closing was steady at previous prices. The market for con tracts was active and somewhat excited today, and a comparatively heavy bus1- ness was recorded during the short hours of the forenoon. Liverpool was up again. This market opened to 10 points avobe yesterdays level, and advanced to 3 points thereafter, But a swift change came over the spirit of the trade. Selling orders began to pour into the market from all parts of the country and tnder the avalanche of prices commenced to wither all along incline. After the open ing call but little thought was given to the trend of sentiment in the English market. and operators concerned them selves entirely with the work of filling orders, an occupation that kept them prettyq busy up to the closing, at which time the comparison with yesterdays values showed net losses for the day of to points on all positions.
 New Orleans, June S.-Cotton opened higher and closed steady; sales, 2,600 Or dinary, BM; good ordinary. 6ss; low mid ding, 7h; middling, 8: good middling. Sh; middling fair, sA nominal. Receipts, 2,So7; stock. 119. .495,
 Consolidated statement: Net receipts, S.550; exports to Great Britain, 1,3S7 Con- tinent, 15.SA; stock. 4s2,0s.
 New Orleans, June 8.-Cotton futures steady. June, 7S3@7 S5; July, 7s1@7.S2; August, 7.5Sds757; September, 7.OS@7 .0s, Ocober, 6se@6. 9e; November, 69646.s7; De- December, s.ssQ6.97; January, 6.7@e.sS.
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