The age-herald., 1901-05-05
FELL UNDER LIVERPOOL ORDERS Market Opened Easy and Ten
 Points Lower ALL EUROPE WAS SELLING Farmers Reported To Be Holding Back Cotton for a July Corner.
 Closed Points
 of.

New York, May 1.-The cotton market opened easy, to 10 points lower, this de- cline being in sympathy with further losses abroad. Liverpool broke heavily again this morning, quite in keeping with its recent action, and sent formidable selling orders to our pit July in the local pi broke to 7.70c under the first wave of selling, which came from all directions, and then rallied slowly on profit taking. Yet there was no real sign of recupera- tive power in the market, and the more reliant bears took advantage of the rally to put out new lines of cotton in the summer months. Sentiment continued bearish under favorable reports from the crop center and very gloomy news from abroad. Liquidation in Liverpool from all parts of Europe was the chief factor of depression there, though behind this pressure there was demoralzed cotton goods market, total absence of specula- tive support, a large supply of high priced cotton, for which there was yirtu- ally no demand, and many cables from the south to the effect that the outlook for the new crop was exceedingly disap- pointing. Farmers were said to be hold ing back cotton in expectation of a July corner in New York. The predictions all pointed to continuance of the heavy movement Receipts were well-nigh over whelming. the ports reporting over 4o00 bales.
 The market closed barely steady with prices net to points lower.
 New York, May 4.-Cotton quiet; mid ding s3-16c, net receipts 316 gross 1757, sales SO2. stock 1s1 .7so. exports to Great Britain ts6S.
 Total today: Net 14,911, exports to Great Britain 16.427, to the continent S24, stock 5so. .s10. s' 'A L..
 Consolidated statement: Net receipts 4s11, exports to Great Britain 16,427, to the continent 324
 Total since September l: Net receipts 6,S16, 767, exports to Great Britain 2,6S7, ,61S. to France 670,9S6. to the continent 2,154,7SS.
 New Orleans Cotton Market.
 New. Orleans, May 1.-The market Tor spot cotton presented no new features during the short hours today. Offerings were freely large and comprised a very good assortment which factors are more than willing to work of The unceasing decline on the other side and the growing disposition on the part of foreign mills to operate strictly within tn elimits of pressing necessities. has so reduced the volume of orders held for execution in American markets that the making of definite concessions by factors has be- come necessary dn order to move their stocks. It is a fact that all the buying was done within the space of three hours time the local market for contracts made a most excellent showing today. Interest developed in the summer months. The net results of the days transactions was another drop in the level of values. Liv- erpool, as usual, led the procession. Lo- cally the market was off to points on the opening call and thereafter fell off a point or two either way, so that at the sound of the gong the net loss of the day stood at points on the current crop months point on September and points on the positions beyond.
 New Orleans, May 4.-Cotton easy; sales 2oo0: ordinary, 5hc; good ordinary, s-1sc; low middling. 7c; middling, z 13-16c; good middling, sK; middling fair, S1kc; receipts, 256; stock, 2O5.953.
 Consolidated statement: Net receipts 14s111 exports to Great Britain. 16,42T; exports to the continent, 324; stock, ESQ., BIO.
 New Orleans, May 4.-Cotton futres steady; May, '. 7.es@T.7o; June, 7.eOa7 .62; July, 75ea7 57; August, 35@7 36: Septem- ber 7.07@7 10; October, 694Q6.95; Novem- Der, 6.90Q6 92; December, 6.90Q6.s1.
 Daily Statement
 Galveston-Quiet; middling. SEC; sales, 692; receipts, 6316; stock, 116.531.
 Mobile-Quiet; middling, 75sc; sales, 50; receipts, 4; stock. 11,096.
 Savannah-E Easier; middling 15-16c; re- ceipts, 2103; stock, 67,T78.
 Charleston-Nominal middling, 15-16c; receipts S9; stock. 6S64.
 Wilmington-Firm; middling, 7Ac; re- ceipts 213; stock, s0A.
 Norfolk-Dull; middling. Sc; sales, 3a; receipts, 252; stock, 1s,51s.