The age-herald., 1901-06-23
COTTON MARKET
 FIRM BUT QUIET Opening Unchanged But Shorts Covering Sent Prices Up SINNERS WERE NERVOUS They Report Active Demand for Cloth, But Are Uneasy About the Supply
 of Spots-The Chronicles
 Estimate.

New York, June 22.-The cotton market was quiet with prices unchanged to 2 points higher, this being in keeping with the English market news. Shorts had hoped for a lower opening owing to the bearish trend of the Chronicle crop weather review of the week south. Light Wall street and active southern demand for near months strengthened the market soon after the call This buying alarmed pit shorts who hastened to cover over sales in the new crop positions. Prices were very sensitive to this demand, and not until August had reached 7S5, october 746 and January TAT was there sufficient cotton. for sale to appease the require ments of the bears. All the forenoon New Orleans was a large and consistent buyer Trade was unusually active for Satur- day half holiday. There was nothing in the weather reports to indicate relief from extremely high temperature over the southwest for some days to come. The weekly reports from Fall River and Man chester were unquestionably the most fa- vorable received in many weeks, showing active demand for cloths and nervousness among spinners concerning replenishment of spot supply.
 The market closed very steady, with princes net s to 10 points higher or about the high notch, on covering and southern buying.
 New York. June 22.-Cotton quiet; mid ding, SIS net receipts, g; gross receipts, 6,446; sales 1873: stock, 147, 340; exports to Great Britain, 60; Continent, 1.045. Total today: Net receipts, 11572; ex- ports to Great Britain, 4,560; Continent, l. 046; stock 425, ,460
 Consolidated: Net receipts, 13,572 ex- ports to Great Britain, 4,56O; Continent, 1,O48
 Total since September 1: Net receipts, 7,207, ,327; exports to Great Britain, 2,S93,- 910; France, roc, T79; Continent. 2,407,192 New Orleans Cotton Market.
 New Orleans, June 22.-There was rather a better demand extant in the market for spot cotton today, but there were two in- f1uences at work to retard the movement; first, that represented by the character of offerings, which while of fairly good volume are not satisfactorily assorted, from the buyers standpoint; and, most important, the fact that holders of the staple are asking definitely higher prices The saIes today aggregated $50 bales of spots, including 100 bales sold on f. o. b. terms and $50 bales to arrive. Quota tions unchanged.
 The market for contracts was moderate ly active today, with the trend of values distinctly in favor of the long element The continued drought in Texas is be- ginning to exercise a considerable inf1u- ence among investors for raise and buy ing orders are coming in more freely; in addition to which there is well defined fear of the July position in New York that has a tendency to interfere with trading for the short end of the account Immediately following the first call values began a quiet, steady advance. There were occasional mild fluctuations during the short hours but only incidental to the execution of orders to cover for profits and when the gong sounded at noon the local board showed net gains over yester- days values of eleven to fourteen points on all months.
 New Orleans, June 22.-Cotton, firm; sales, 1900. Ordinary. 5 3-16; good ordin- ary 61z; low middling, 5-l6 middlng, 8 3-16 good middling, 8 11-16; middling fair, 15-16; receipts, 7,119; stock, 116,712. Consolidated statement: Net receipts, 11,572; exports to Great Britain, 4,560; Con- tinent, 1,046; stock, 425, 46O.
 New Orleans. June 22.-Cotton futures firm. June, 8.19@822; July, S.1S9819; Au- gust. 797d7.9S; September. 7.49@7.50; Octo- Der, 7.29d7. 30; November, 7.28@729; Decem- Der, 7.2S@7.29; January. Z30Q7.S1; Febru- ary, 731@7.S3.