The age-herald., 1901-07-03
COTTON HAD AN
 IRREGULAR DAY Was Steady in the Forenoon But Weakened Later STRONGER AT THE CLOSE Government Report Is Awaited With Anxiety, as 1t Is Believed 1t Will
 Be Very 5ullish-Shorts
 Were Uneasy.

New York. July 2.-Cotton had an ir- regular movement today. being steady all the morning, weak in the early afternoon, and steady for a time during the last hour The opening was steady with July points lower and other months 1 to points higher For the next hour the course was upward on bullish late cables from Liverpool, drought reports from the Western belt, and fears that the weekly government report would be very bullish. The first spurt of buying carried August to cents and January to 7.72 When the weekly government weather statement ap- peared 1t was at once seized upon as bull ish. Cotton was bought in the morning on the idea that sharp advance would follow the reading, but prices broke to 7S5 for August and 7.59 for January. Later covering and some buying on the reaction theory steadied the market, though prices failed to rally to the high level of the forenoon. The South and Europe were moderate buyers here early, and several room traders were found at different times as supporters of July and August. Sum mer months gave little sign of being ma nipulated. Shorts were rather uneasy concerning the probable showing of to- morrow's monthly bureau report. and cov- cred in the last half hour, but room press ure caused a reaction. At the close the market was finally barely steady with prices net to 13 points lower.
 New York, July 2.-Cotton dull; mid ding, SS; net receipts, 516; gross, 2S30; sales. 2130; stock, 166,32l; exports, Great Britain. P; continent 4s3; France, 2O5.
 Total today: Net receipts, 12,5S4; ex- ports, Great Britain, 1036; France, 20; con- tinent. 4SS; stock, 457,722.
 Consolidated: Net receipts 31,27S ex- ports, Great Britain, 4097; France, 20; con- tinent, 6S3
 Total since September 1: Net receipts, 7,295, PA; exports, Great Britain. 2,90S, ,9O5 France. 707,157; continent, 2,431, ,2S6. New Orleans Cotton Market. New Orleans, July 2.-There was a moderate inquiry today for spot cotton but the trading was very light How ever, the few small lists changing hands were sold at prices representing in the main conditions favorable to the factor age element; or in other words, at from
 
 advance, The offerings are only fairly good and it is somewhat difficult for buyers to secure lists of desirable un- mixed grades. Sales $50 bales including $50 to arrive. Quotations unchanged. The market for contracts was fairly active just after the opening call today, but it quieted down almost immediately thereafter. Liverpool opened down 1-64 ito 2-64d but worked up later in the day. On this side under the influence of bull ! support predicated upon New York news of drought in Texas, and professed belief in an unfavorable report of crop conditions from the government due to- morrow, the market opened 2 to points higher and advanced rapidly to G. At that level there was a let up in buying operations and prices at once began to fall off, the long interest from the in terior failing to materialize. The mar ket closed with July S19QS.20, loss of ' points August, 793Qp7.94; a loss of 10 points while the balance of the list showed losses of l to points compared with yesterdays closing.
 New Orleans. July 2.--Cottop steady; sales, $50; ordinary, 6; good ordinary. 11-16; low middling, 7h; middling Sas; good middling, SA; niddling fair, 9B; re- ceipts, 3592; stock, 114.127
 Consolidated statement: Receipts. net, | 91, PTS; exports to Great Britain, 4097; l France. 02; continent, 6s3; stock, 457,722. New Orleans, July 3.-Cotton futures steady; July, s.19@s.20; August, 79S@7 94; l September, 7.52@7.53; October. 7.33G7 34 November 732d7.3 7.33; December, 7.32@7 8 | January, 7.34@735; February, 7.S6 bid