The age-herald., 1901-06-01
.DEARTH OF NEWS KEEPSCO7TON TAME Longs and Shorts in DOGbt as to the Near Future THE RECEIPTS WERE HEAVY Under Selling for Reaction and Brisk Profit Taking Prices Changed
 About a Great
 Deal.
HE RECEIPTS WERE HEAVY

New York, May 31.-There was dearth of news upon which to base new ventures in cotton today, but the business done reflected contraction rather than broad ening speculation. Taken as a whole the market was steadier and scored slight net gains, but the day was unsatisfactory from business standpoint and left longs and shorts still in doubt as to the near future. The opening was quiet and from with prices three points lower to three points higher. Liquidation of near months caused the decline; the far months were supported by a few commission houses and restless shorts Following the call the market became steadier on the bear side and decreased offerings. July ad- vanced more rapidly than the rest of the list but at no time was there any evil dence of support from the Clique" Af- ter the first hour prices eased off several points under selling for profits by early buyers, most of whom were disturbed by rumors that the acreage increase would reach fully 10 per cent. Receipts were heavy but this was offset by reports of more heavy, unneeded rains in the South Atlantic states and Central belt. At noon the crop report. showing an average con ditiofi of S15 was received, showing the lowest figures for June l in over twenty years The acreage increase was given as S.3 per cent. While the acreage fig ures were regarded as bearish the crop conditions was disappointment and led to active buying of covering nature. On this support the market shot up the points and for time showed pronounced strength. Then selling for a reaction and brisk prof1t-taking sent prices off again Still later the market was steady on bad crop reports and prices stiffened several points. The close was steady with prices net unchanged to six points higher.
 New York, May 31.-cotton dull; mid ding. 8Ac net receipts, 25; gross receipts 113O; sales, 1015; stock, 12s,725; exports to Great Britain, 30; exports to the conti-
 nent 1075: exports to France, 211.
 Total today: Net receipts. 12,079; exports to Great Britain, 3S0; exports to France, 221; exports to the continent. 10,669 stock 455 915.
 Consolidated: Net receipts, 57,1O2; ex- ports to Great Britain, 17,4S1; exports to
 France, 62S; exports to the continent 3O,- 700.
 Total since September 1: Net receipts, 7,03S, eos; exports to Great Britain, 2S01, ,427; exports to France, 696, 750; exports to the continent, 2,s25,s17.
 New Orleans Cotton Market. New Orleans. May 31-There was little of interest to note in connection with the
 market for spot cotton. There was some
 little looking around on the part of buyers
 during the morning hours but no trading of moment Prices remained about on stand, moderately steady for the 1r
 grades and steady at full figures for better qualities. Later on the weather
 became so over clouded that 1t was inn possible to make intelligent inspections and the movement came to a complete standstfll. Sales, 1,S00 bales, including 1,250
 to arrive. Quotations unchanged. The market for contracts was very quiet. There was a scattering line of trade in
 covering on the July and August, Oc- tober and December positions but opera
 tors were loath to move freely in advance of the receipt of the all-important
 "bureau" estimates of crop conditions and acreage Following the reading of the report the market became somewhat excited and prices were advanced in the
 neighborhood of 10 points on the more | active months: but sentiment was divided | and operators who allowed greater weight | to the increased acreage argument than that of unfavorable conditions in the fields sold the several positions with
 comparative freedom, forcing prices down again almost to the previous level. The | latter part of the day witnessed series of somewhat rapid fluctuations with ad- vantage almost evenly balanced. When
 the market closed June and July were
 point higher; January point lower, while
 the balance of the list showed exactly even figures with last nights closing. New Orleans. May 31.-Cotton quiet and steady; sales 1900; ordinary 55s; good or | dinary 61-16; low middling 6N midding | 7%; good middling SA; middling fair S15; 1 receipts 3a24 stock 145.524. Consolidated statement: Receipts net, | 57 7.102; exports to Great Britain 17,4S1 to
 France 62S; to the continent 30,7OO; stock | 455, ,915.
 | New Orleans. May 31.-Cotton futures l dull: June 7.5S07 GO; July 7.5697.57; Au- | gust 730fD7. .31; September 6.9066.91 Oc- | tober 6. 6.S0d6.S1; November 6.7S@6.79; De-
 cember 6.7S@6. .79; January 6S0@6.S1 | Daily Statement. | Galveston-Quiet; middling 1916; sales
 42; receipts 5e74; stock s2659.
 Mobile-Nominal middling 7%; receipts
 4; stock S737.
 | Savannah--Quiet; middling unchanged;
 receipts 298; stock 43.621.
 Charleston-F Firm middling 715; re- | ceipts 21;sstock 5345t
 | wilmington-Firm midding "A; re- | ceipts 163; stock ZOOS.
 Norfolk--Steady: middling 77s sales l S35; receipts TOO; stock 15,115. Baltfmore-Nominal; middling SIS; re-
 ceipts 143s; stock 7O3S
 Boston-Holiday.