The age-herald., 1901-03-22
New Orleans Cotton Market.

New Orleans March 21.-The market for spot cotton Is weak and buyers are having matters pretty much their own way. Nevertheless they are not satis- fled and the reason is simple. Some of them went into the market after hours last evening and purchased large lists of the staple at much lower prices than pre- vailed earlier in the day; only to ind when the market opened this morning that they had paid considerably more than the same lists are worth now. The perpendicular drop in prices at Llverpooi, from which point substantial rally was confidently expected to emanate today, followed, as was natural, by the heavy slump in prices for contracts on this side has exerted most depressing erect upon holders of spots, who are peglnnlng to show grea. anxiety to unload. Sales today were 6S50, including 45o to arrive. The cotton exchange reduced spot quo tations b on all grades.
 The market for contracts was actlve enough during the early hours of the day to satisfy the most avaricious element in the commission trade The bulk Of transactions was In May and July op- tions but the entire tier of months re- ceived a fair share of attention and fully one-half of the trading was apparently representative of new Investments, the other half being but the covering In of profits by the shorts. The decline In Liverpool today of hd on spots and 3-64d to 5-64d on deliveries was caused, 1t Is said by political complications in Russia and China. Futures In New York opened down to points and in New Orleans to Il points. with only slight f1uctua- tions here the market at the close show ing a net loss of to IA points for the day.
 New Orleans, March 21.-Cotton was easy; sales, 6S5O bales; ordinary, 5Bc; good ordinary, 9-16c; low middling, 5-16c; middling 3-16c; good middling, S1hc middling fair, 8 15-16c, nominal; re- ceipts, S0S1 bales; stock, 327,714 bales.
 Consolidated: Net receipts, 114,20 114.O27 bales; exports to Great Britain, 26,- 519 bales; to France, 13461 bales; to the continent, AS, ,10S bales; stock, S20,902 bales.
 New Orleans, March H.-Cotton futures were steady; March, ss.1oQS.12; April, S.s7 l7. 7.s9; May, s7.91@7.92; June, $7.S5@7.S; Ju- ly, N SPOT S3; August, $7.63Q7.64; Septem- Der, s7. .2O@7.22; October. s7.09q711; Novem- ber, s7.oO bid; December, T01Q703.
 Daily Statement.
 Galveston-Dull; middling, SAC; sales, 56 bales; receipts, 5247 bales; stock, 14S, ,937 bales.
 Mobile-Quiet; middling, 1-16c; sales, 200 bales; receipts, Il bales; stock, 17,762 bales.
 Savannah-Easy; middling, S5sc; sales, 45 bales; receipts, 43O1 bales; stock, 106,691 bales.
 Charleston-Nominal; middling, SAc; re- ceipts, 524 bales; stock, 10,151 bales.
 wilmington-Firm; middling. SAC; re- ceipts BPS bales; stock, 5O,2H bales.
 Norfolk-Dull; middling, SAC; sales, 29S bales; receipts, 1569 bales; stock, 3O162 bales.
 Baltimore-Nominal; middling, Sasc; re- ceipts, 400 bales; stock, 12,1S5 bales.
 Boston-Quiet; middling, 7-16c; net re- ceipts, 300 bales; gross 1043 bales.
 Phladelphia-Quiet middling. 9-16c; receipts, 137 bales; stock, 4757 bales.
 St. Louis-Dull; middling, 8 7-16c; sales, 4S bales; receipts. 2S76 bales; stock, 7S,S bales.
 Memphis-Quiet and Mc decline; mid ding, 9-16c; receipts, 92 bales ship ments, 2954 bales; sales 800 bales; stock 134, ,46S bales.