The age-herald., 1901-06-11
BEARS HAMMERED THE MARKET WELL Forced Cotton Down to the Re-
 cent Low Levels SOUTH SOLD THE NEW CROP Chief Cause of the Weakness Was cabIed Orders From Liverpool
 To sell-Prices Declined
 From to ii Points.
SOUTH SOLD THE NEW CROP

New York. June 10-Bear traders were successful to an unprecedented degree in today cotton market. Prices were forced off signally and closed to the low level in vogue when the bulge of last Monday set in. Liquidation was the chief feature of trading, though the short selling did cut considerable of a figure. The open ing was steady at a decline of to Il points; immediately following the call, material additional declines were record ed and for the rest of the session the mar ket was heavy with prices shifting stead fly toward lower level under pressure from both sides and slim support of any description. The chief cause of the weak ness was Liverpool. Cables reported a decline of 69s point in futures and 3-32d in the spot department Selling orders in large numbers were cabled here. While room traders were totally confident of lower prices, they were constantly har- assed by fears of a possible outbreak of summer months manipulation. Wall street bought near months on the first break. but later turned seller. The South sold the new crop here: the West did lit SNS eral reactionary movements in proft-tak- ing. but the market at no time exhibited recuperative energy of note. Belief that to-morrow's weekly summary from Wash ington would read much better than a week ago caused selling for decline. The lowest figures reached were: July, 7.&; August, IA: October, 7.1O, this be- ing 12 to 13 points under Saturdays close. The close was quiet and steady with prices to 13 points lower.
 New York, June o.-Cotton-ouiet. Mid ding. skc. Cross receipts. 22.92e bales; sales. HOO bales; exports, Great Britain, 2,S17, continent. bales.
 Total today: Net receipts, 6,936 bales exports, Great Britain, 1899; France, 7.575; continent 162: stock, 42O,160.
 Consolidated: Net receipts, 160o0 bales Great Britain. s,7so; France, 7.557; conti- nent 15,966
 Total since Sept 1: Net receipts. 7,1O7,- 1bS bales; exports, Great Britain 2,S4s, ,3l1 ; France, 10, S64; continent. 2,366,127
 New Orleans Cotton Market.
 New Orleans. June 10.-There was very llA'e doing today In spot cotton circles Offerings were rather better than on Saturday but the sharp break in prices for Liverpool spots and for contracts at all points this morning had the effect of causing buyers generally to withdraw from the market. There was a notable easing off In the views of factors who are not now by any means as obdurate in their demands for concessions as they have been of late. Sales 2250 bales in cluding 160 to arrive. Quotations M lower on all grades The opening in the mar ket for contracts was of an interesting character today. any by no means a comfort to the bullish interests. Opera tors seemed to be loaded down with sell ing orders. induced by the heavy drop in prices at Liverpool and the first call was extremely lively in consequence. The English market slipped down 3-32d on spots today, with somewhat heavy sales and 6-84d to 8-64d on deliveries, and the response on this side was an opening loss of to 10 points in the local field. After slight fluctuations the f1arket finally closed showing loss of Il to 12 points throughout the list since Saturdays closing.
 New Orleans June 10.-Cotton steady; sales 2250 ordinary. 515c; good ordinary 6 9-18c; low middling, 7c; middling, 7Bc; good middling, Shc; middling fair. SEC; receipts 3S22; stock, 122.423.
 Consolidated statement; Net receipts 15, ,4S6; exports to Great Britain. S7S0; ex- ports to France. 7557; exports to the con tinent, 15.966; stock. 420.106.
 New Orleans, June 1o.-Cotton futres barely steady; June 772 bid; July. 7.70d m; August, 7.44d17. .45; September, 6.97d 6. 9s; October, 6.S566. .86; November 6S4Q 1885, December, 6.s4@8. .S5; January, s.s6Q 6.H; February, 6.SS@8.9o.
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