The age-herald., 1901-04-10
COTTON PURSUED
 ERRAT|C COURSE Speculation Was Actives at
 Times and General BEARlSH NEWS BY CABLE South Sold on the Rise and Sent Un- favorable Information Concerning the Spot Cotton Trade-The
 Close Was Steady.
BEARISH NEWS BY CABLE

ed an cratic course pretty much all day and speculation was spasmodically active with nearly all branches of the trade represented The Liverpol news was bearish at the time of our opening and the news from the crop center also aver aged up in favor of a lower market. The south sent selling orders in the summer months and business from abroad went almost exclusively to the bear side. Yet, in the face of this bearish situation, the market opened steady with prices points lower to 1 point higher. Soon after the call the market exhibited a disposition to work upward and before the advance cul- minated May reached S7.S5 and July s7.S6. Liverpool rallied several points in sym pathy and eventually contributed several important buying orders. But the South sold on the rise and sent bearish informal tion concerning the state of spot cotton trade and values.
 With the close of the first hour the up- ward movement gave way to a reaction which carried prices down to a net loss of 1@2 points by the noon hour. Predic- tions for increased port receipts and pessimistic accounts from spinning cen ters did much to inspire bear condolences. Pronounced weakness set in early in the afternoon and under active general sell ing led by shorts May fell to s7.72 and July to S.T. Then a sharp rise of 10 points came on nervous support from well known export houses Shorts took fright and covered with a rush. Tn the last hour the market was firm and active, closing steady and net unchanged to 8 points higher.
 New York, April 9.-Cotton quiet; mid ding, 5-16; net receipts, 600; gross, 1894; sales 615 stock, 146,014 exports to reat Britain, 14,964.
 Total today: Net receipts. 19,082; ex- ports to reat Britain, 17,G51; France, 6,35S; continent. 700 stock. 73S,659
 Consolidated: Net receipts. 5o,751; ex- ports to reat Britain, S7,010; France, 6,S5S; continent, 46,242.
 Total since September: Net receipts, 6.b16,7o7; exports to Great Britain. >2.515, ,5S2; France, 596,201; continent 1,991,397.
 New Orleans Cotton Market.
 New Orleans, April 9.-The market for spot cotton was again quiet and easy. Factors are not holding with the same relative mark of strength noted yester- udy, put neltner are they 1ully prepared to make the concessions demanded of them by the purchasing element. In short buyers and sellers are apart by about 1-16, the former holding to the good mid ding as basis and the latter claiming at least 1-16c. The offerings are now quite liberal and there has been a de- cided improvement in the character of the assortment exposed. t
 Sales today 1500 bales. including 250 to arrive. Quotations unchanged
 Trading in contracts was of but mod erately good volume today, though fiuct- nations were sufficiently wide to attract attention of the floor men and induce small measure of room work
 Liverpool showed a net decline of 4-64d to 7-G4d, but the market here was not materially affected by the English mar ket, and prices at the close were to 5 points above yesterday, prices for May closing at 7.S4@7 .S5; June 7.77Z7.79; July 7.74QT.75.
 New Orleans. April 9.-Cotton easy; sales. $50; ordinary, 5 13-16c; good ordinary s1sc; low middling, 1-16c; middling. shc; good middling. SAC; middllng fair, SAC; receipts, 174S; stock. ?S9, 796.
 Consolidated statement: Net receipts, 5O151: exports to Great Britain. 37,010; ex- ports to France. 655S; exports to the con tinent, 46,242; stock, 73S.G59.
 New Orleans, April 9.-Cotton futures steady; April, 7.s9 bid; May, 7.S4Q7. .S5; June, 7.77@7.90 July, 7.74@7.75; August, 7.50@7 .51 September, 7.24QD7.27; October, 7.Os97.10; November, 7.04@7 .0s; December. 7.04G7. .05.