The age-herald., 1901-07-14
STAMPEDE IN THE
 COTTON MARKET It Was Caused by arge Buying Orders from. the South EUROPEAN TRADE BUL LISH Drought News From the Southwest and Talk of s-cent Cotton In oc-
 tober Helped the Bulls Along.
 Receipts Were Light.

New York, July 1S.-The cotton market lower and far months unchanged to points higher on a bad scare of shorts which grew into veritible stampede soon after the call. Large New Orleans buying orders and good commission house buying with some bull trade for European &C., count swelled the demand on which Au- gust Jumped up to 779 and January to 7sO Trade for 8 time was tremendously active with excitement at fever heat. Strange to say July was apathetic and unresponsive through 1t all. By 1O:30 o'clock the worst scare seemed to be over and a turn for profits was made Yet the market held firm and prices reacted very little Sentiment was bullish through and through on firm Liverpool cables, bullish review of the week by the Chronicle, an abundant stock of drought reports from the central and western belt, talk of 8 cents for October next week, higher prices for spot cotton south and fair weather forecasts for the entire central and west ern belt over Sunday The near months in New Orleans were emphatically strong, with August twenty-four points over the same options here. Receipts at the ports were very light The market closed steady, 6 to points higher on later months than July.
 New York, July 1S.-Cotton, quiet; mid land, s1s; net receipts 1,S17; gross receipts, 4447 sales, 225; stock, 1S4,92S
 Total today: Net receipts, 6,711; exports to Great Britain, 2,391; stock, 402, 493.
 Consolidated: Net receipts, 6,7l1; ex- ports to Great Britain, 2,S91.
 Total since September 1: Net receipts. 7353,5S6; exports to Great Britain, 2,955, 403; France, 7O7,SO7; Continent, 2,471,O69
 New Orleans Cotton Market.
 New Orleans, July 13.-There was only very moderate amount of business transacted during the short day in the line of spot cotton, the total sales record ed including about 250 bales, sold after hours last evening being 750 bales of spots and 15O bales to arrive. Under the influence of the improvement in contract values, factors were inclined to hold their stocks with a firmer hand and, though buyers were 10th to concede the advance, were generally successful in securing prices ranging a. shade. higher than yesterdays figures Quotations 1-16c higher.
 A fair measure of trading was indulged in during the forenoon today in the mar ket for contracts. the movement includ- ing a relatively good share of room work though the fluctuations were rather nar- row and unprofitable. Sentiment was de- cidedy favorable to the long element throughout, notwithstanding which fact the bulls were somewhat cautious and showed little spirit in forcing the pace. Nl.z .l.. higher and after numerous fluctuations the record at the close showed net gains for the day of fifteen to seventeen points on all positions.
 New Orleans, July 13-Cotton firm: sales 900; ordinary 3-16c, good ordinary 67sc, low middling 11-16c. middling 7-16c, good middling 13-16c, mddling fair g 1-16c; re- ceipts 379 stock 90,545.
 Consolidated statement: Net receipts 6712. exports to Great Britain 2391, stock 4O2 493.
 New Orleans. July 13-Cotton - Futures firm; July 8.41c bid, August s.17Ds. .1Sc. September 7.S5@7 .s5c, October 7.1@7. .72c, November 7.7007. 71c. December ' .70Qn. Tic, January 7.72@7.74c, February, 774c bid. Daily Statement. | Galveston-Steady; middling 5-16c, sales 1 3S, receipts 1879, stock 61,714. l Mobile-Nominal; middling Shc, receipts | 1, stock 5271.
 | savannah-Quiet; middling SAC, sales g. | receipts 167S, stock 30,041. 1 Charleston-Steady; middling SAc, re- ceipts 19, stock 2932.
 1 Wilmington-Fi Firm; middling Sc, receipts | 9, stock 1892.
 Norfolk-Steady; middling Sasc, sales S. | receipts 799, stock 14,961 Baltimore-Nominal mfddlng 9-16c receipts 2S64 Boston-Quiet; middling 9-16c. net re- ceipts 73. gross 639.
 Philadelphia-Dull middling 8Ac, re- ceipts 15, stock 2431. St. Louis-Quiet; middJkng SAC; sales 100 receipts 66, stock 57 ,961. Memphis-Quiet; middling SEC; receipts 76 shipments 72 sales 400, stock 33,444