The age-herald., 1901-06-18
VERY BULLISH WAS
 TIE COTTON TRADE Liverpool Took the Lead But Outdone by New Orleans SHORTS BADLY ERICH TENED Trading Was Active and General With Public Buying Quite Feature
 The Close Was to IA
 Points Higher.
SHORTS BADLY ERICH TENED

tINeW 1OTk, June 1i.-IOudy events Tn the cotton market were emphatically bullish. While the rise was started by Liverpool, the New York market subse- quenty took the lead only to be outdone by New Orleans late in the session. Shorts were badly frightened much of the day and covered on every easy period, finally turning with rush in and to ' points higher, soon increased to 6 to points, but within the first hour a set back occurred, cutting down the rise to to 4 points. Profit taking and absence of investment support were responsible for the reaction The cables portrayed a firm and higher market in Liverpool. Buying orders were sent to the pit here and did much to strengthen our market. Weather news from the Southwestern Atlantic belt was unfavor- able.s The strong point of the day came about midafternoon, when shorts lost of large New Orleans and other Southern buying orders. The West poured In orders for August, October and January. Wall street bought the list in general and room bulls supported the market Prices were very sensitive to this buying and worked to the highest level touched in many weeks. Trading was active, and general with public buying quite a feature. The advance carried July to S.33, August to TIT, October to Al and January to 7.4S, after which there was a reaction of to points. It was re- ported that drought complaints were becoming very numerous in Texas; spot cotton was said to be hardening rapidly and on scare of Northern spinners and urgent buying for the July "clique." Exporters also were reported as bidders for enormous lines of good grade staple of which there was a scarcity Fear that the public which has been watching cotton very closely of late, would now turn to and purchase for a pronounced advance, greatly disturbed shorts and did much to enthuse the room bulls The market was finally steady with prices net to 1 p4oints higher
 New York; June 17.-Cotton dull; mid ding sk; net receipts 25s; gross re- ceipts 42SS; sales 1900; stock 14O, ,423 ex- ports G. B. S76; Continent 2,O37
 Total today: Net receipts 7,94S; ex- ports Great Britain 1878; Continent 2,057; stock 407,729
 Consolidated: Net receipts 15,950; ex- ports G. B. s.s7s: Continent 3,022.
 Total since September 1: Net receipts 7,161 703; exports G. B. 2,S42, 300; France 764, ,S64; Continent 2,403, ,5SS
 New Oriesns Cotton Market.
 New Orleans, June 1.-The market for spot cotton was rather quiet during the forenoon today, but withal fairly easy as to trading values. Factors tables were well supplied with offerings and the assortment laid out was very good, but buyers were inclined to hold off some what with view of securing concessions in the shape of prices shade below quo- tations and the result was the transaction of meager business during the first part of the day. Later the market became more active, resulting in sales of 325O bales, including 300 f. o. b. and 900 to ar rive. Quotations hc higher.
 There was considerable energy display ed in the market for constructs during the day, but it was largely wasted energy. for the amount of actual trading indulged in on first call and for sometime there after was of almost insignificant propor- tions, the ringmen making more noise than money. The movement of the cur rent continues along heavy lines but the old crop cuts small figure in the trading just now and all eyes are returned in the direction of the growing crop which is
 
 to the usually well posted trade. Toward the close the market became more ac- tive and the closing figures compared with Saturdays showed net gains on June of thirteen points, July thirteen points. Au- gust fourteen points, and other months sixteen to eighteen points each.
 New Orleans, June 7.-Cotton-Steady; sales, 1,405. Ordinary, 5A; good ordinary, 6 7-16; low middling, TX; mddling, S5s middling fair, SIS; nominal. Receipts, 255S bales; stock, Ill ,49 bales.
 Consolidated statement: Receipts, net, 15.952 bales; exports, Great Britain, 9312 bales; continent, aO22 bales; stock, 407, ,72s bales.
 New Orleans, June 17.-Cotton futures, steady. June, S.05; July, sos; August, 7S0; @7S1; September. 7.S1d7.92; October, 7.15@ 7.16; November, T.14lg7 15; December, 7.14 @7.15; January, 7.15Q7.17.
 Daily Statement
 Galveston-Steady; middling, 8; sales 5C bales; receipts, 244; stock. 1,SSS.
 Mobile-Nominal; middling, "A; receipts, "