The age-herald., 1901-07-19
SMALL TRADE IN COTTON MARKET July and January Options Seem
 ed Mostly in Favor SHARP BREAK ABOUT NOON The Weather Forecast Is the All-Im. portant Factor to the Outside
 and Professional Specu-
 lator Just Now.

New York. July 1s-The cotton market opened steady with prices 1 point lower to points higher, and during the rest of the morning worked steadily upward, with July at one time taking the lead. The January option seemed to be in favor at first with new investors, and reached a position points over October, which it maintained to the end. On the upturn Liverpool, the south, Wall street and the west bought the late months with conf dence, as did the more prominent room bulls. The cables were much f1rmer than expected and the crop news from the cot ton belt was unmistakably bullish. The first wave of buying carried July to s.39, August to 7.S5, October to 7.S3 and Jan- uary to 7.S7 The noon bids reflected a very firm feeling. with prices net to Il points over last nights closing prices. The official weather chart indicated light and small showers west of Georgia but more soaking rains over the south At lantic states. The forecast for tonight and tomorrow point to a repetition of these conditions for tonight and tomor- row. Following close upon this informa- tion reports of private origin showing less favorable conditions were sent in. But early in the afternoon there was a sharp break under profit taking by the room traders engaged in at time when outside support was particularly slack. Prices went off rapidly,with the new crop months showing special weakness. Later there was reactionary change but near the close rumors had 1t that rains were falling in Texas, which led to nasty liquidation of early purchases. Trading was active, though public speculation was not a feature. The close was easy, with prices net unchanged to points lower
 New York, July 1S-Cotton quiet; mid ding S1ao, net receipts 115, gross receipts 9062, sales 22 stock 1Ss,4lS, exports to Great Britain 495.
 Total today: Net receipts SOIL, exports to Great Britain 7495, to the continent 263S, stock 41O,3A.
 Consolidated statement: Net receipts 43, ,099, exports to Great Britain 11,5l5, to France 30O to the continent 10,576.
 Total since September 1: Net receipts 1889, exports to Great Britain 2,964,527, to France 707, GOT, to the continent 2,4Sl,645 New Orleans Cotton Market. New Orleans, July 1S-There is better feeling in the spot cotton market today among both buyers and factors, as the re- suit of the material improvement in the situation at Liverpool. While there has been improvement In sentiment, however, the volume of trading has not been en- 1 larged to any considerable extent Buyers are disposed to be very conservative in their trading and pull hard for every pos sible advantage, closing for desired lists | only under pressure and in that manner | holding the movement down to meagre proportions. Sales, 700 bales, including | fifty to arrive. Quotations unchanged. Trading was decidedly slack today in the market for contract interest seemingly being centered almost exclusively in the October and December positions. Senti- ment at Liverpool was notably stronger, | the adance in that market covering 2-32d on spots and 2-64d to 4-64d on deliveries. New Orleans stood on first call at an ad- vance of 2 to points on all months save September, which was point down anc worked up to 8 points more; but gradu- ally declined thereafter until the close, when all positions showed net loss on the day of to points.
 New Orleans. July 1s-Cotton steady; sales 700; ordinary. 6Mc; middling ordi- nary, 13-16c low middling, 7Ac; mid ding SEC; middling fair. Sc nominal; re- ceipts, 439; stock, 94,052 .sal
 Consolidated statement: Receipts, net, .3099; exports to Great Britain, 11,515; ex- ports to France, 300; exports to the con tinent, 1O,576; stock, 41O,341.
 New Orleans, July 1S.-Cotton futures barely steady. July, S.20 bid; August, 7.s3@7 .94; September, 7.61@7. .63; October, | 7.49@7. 50; November, 7.4997 50; December, 7.4S@7 .4s; January, 7.51@7.52; February, 75SQ7 .55. q