The age-herald., 1901-04-14
COTTON FUTURES WORKING UPWARD Nervous Covering and Scarcity
 of Offers CLOSE WAS QUITE STEADY Chief Causes of worry In Bear Circles Was the Fear of a Summer Month
 Squeeze, Particularly
 In July.

. New York, April 1s+-The cotton mar ket opened steady with prices unchanged to points higher and then worked slow ly upward until May reached sos and July 7.s6 on nervous covering and scarcity of offers. The news in hand contained nothing to alarm shorts or to stimulate bull aggression. Liverpool closed as about expected Receipts at the ports were more than double those of year ago, the clearance of a steamer from Brunswick swelling the otal to fully 17,000 bales. During the first hour the market showed a firm undertone on fitful de- mand from the bear side and was subject all the session to spasmodic variations. The chief cause of worry in bear circles was the fear a summer month squeeze" more particularly July, in which the short account was believed to be extensive. July was peculiarly sensitive to buying orders all the forenoon. The pit traders were the only active operators during the short session.
 The market closed quiet and steady, 2 to points higher
 New York, April 1s.-Cotton, quiet; mid ding, 5-16; net receipts, 1,l31; gross. 5,959; stock. 132. .S92; exports to Great Brit ain, 3.622; continent, 11,232.
 Totatl today: Net 16,472; exports to Great Britain, 16,126; continent, 15,5S2; stock, 70S,390.
 Consolidated: Net receipts. 16.472; Great Britain. 18,124; continent, 1852.
 Total since September |: Net, 6,574,4sl; exports to Great Britain, 2,546,74o; France, 625,45S; continent. 2,o227SS
 New Orleans Cotton Market.
 New Orleans. April 1S-In the spot mar ket buyers showed more inclination to take hold at previous prices, the result being that several fair sized lists changed hands during the half day, running the total sales up to 1900 bales of spots. in- cluding 800 bales to arrive. There were no developments of especially interesting features during the short hours, and at noon the exchange committee on quota tons reported the market quiet and steady at unchanged figures.
 The market for contracts was fairly &C., tive today, with the advantage somewhat in favor of the long element. Liverpool opened with the pace set for lower range of values, being down 1-S2d on spots and 1-64d to 2-64d on deliveries but quickly recovered and worked back until at the end of the day the English market stood at an exact level with yesterdays figures. The local market at first call showed gains of to points all along the line. There was a subsequent advance of 6 to points, and then some pretty free realizing by bulls operating short turns sent the figures off again, though the loss was not very extensive, and at the close the board showed net gains over yester- days figures of to ! points, May closing at 7.S7d7.sS and July at 7.76@7.T.
 New Orleans Apul 1s.-Cotton quiet and steady; sales NO0; ordinary 5N; good or dinary 6 9-16; low middling 7% middling 8 3-1s; good middling 9-16; middling fair 8 1916; receipts 217s; stock 264,364.
 Consolidated statement: Receipts net. s16,472; exports to Great Britain 16,124; to the continent 16,532; stock 70s,3s0.
 New Orleans. April 13.-.cotton futures quiet; April 7.ss asked; May 7.s0@7 .sS; June 2. .S6@7 8s; July 7.s1@7 .S2; August 76S @7. 50; September 7.25 bid; October 7.16@ III; November 71o97. 12; December 7.1o0 TIP.