The age-herald., 1901-07-31
COTTON FUTURES STEADILY DECLINED Opened With Prices Lower and
 Weakness Continued WAS STEADY TOWARD NOON This Was Based on Fears That the Weekly Government Crop Weather Report Would Be un-
 favorable.

New York. July 80.-The cotton market today opened quiet. with prices 1 to 8 points lower and was disposed to weak ness during the forenoon, under room selling and almost total absence of out side buying orders. Investment buying was checked by further liquidation of August interest and disappointing late Liverpool cables. At the lowest point of the morning prices were from to 8 points from the closing last night. Re- ceipts at the ports were again very light, the weather forecast indicated clear, hot conditions for Texas, Oklahoma and In- dian Territory tonight and te-morrow. and dry goods and cloth market accounts were rather better than the average at this season of the year, while demand for medium grade of spot cotton continued brisk at all points. Toward midday the market displayed steadier otne on pit covering. prompted by fears that the weekly government crop weather state ment would be unfavorable, Crop re- ports were conflicting from every section. The statement as whole was bultishly interpreted and caused furry of buying on which prices quickly worked up to last nights bids There was some reac- tion later under the nervous profit taking by smaller holders. In the last half hour the market worked off to almost the low est point of the day under further real lzing The close was quiet, four to seven points lower.
 New York, July 9O.-Cotton dull; mid- ding. 8 1-1e; net receipts, s7si gross re- ceipts, 1040; sales, 1923; stock. 177.17e; ex- ports, c. B.. 121s; Continent. 116
 Total today: Net receipts, 401e; exports, G. B., 12ls; Continent, 6765; stock. s41,257.
 Consolidated: Net receipts, n,S40; ex- ports. G. ., 2274; Continent, 204SS.
 Total since September 1: Net receipts, 2, ,43S, ,095; exports, c. B., 996,001; France, 720. .946; Continent, 2,53e,S01.
 New Orleans Cotton Market.
 New Orleans July 3O-The maiet for spot cotton was without animation. There were but few orders out for ex- ecution and buyers made their usual rounds in a perfunctory sort of way, not bidding very freely and consistently re- fusing to meet the demands of the factor age element The offerings of middle and lower grades are fairly dull, but moderate scarcity of high grade staple cottons still exists and for lists of that description factors are readily enabled to secure top prices: sales, 1150 balts' inclu- eing 150 to arrive. Quotations unchanged.
 Very little interest was shown today in the market for contracts. There was some small trading in Octobers and De- cembers. but apart from those positions thre seemed to be nothing in the situ- ation of. more than passing moment to operators. on the first call the market stood from one point down on the near months to one point up on the distant positions. After fiuctuating over range of three to five points either way, Au- gust closed at 7.6SQ7.69, gain of two points; September. 729@7.90, gain of one point, while the other positions were unchanged compared with yester- days prices.
 New Orleans, July 30.-Cotton steady gales i. .150 ordinary 6 15-16; good ordinary esk; middling TIC; middling 3-16; good middling 9-18; middling fair 1S-l6; re- ceipts 1125 stock 7e,225.
 Consolidated statements: Receipts net Il $40; exports to Great Britain 2274; con- tinent 20, ,4Ss; stock 347, 257.
 New Orleans, July 3o.-Cotton f,rtures July nominal: August 76S@7. .69; September T. .2s07. 30; October 7.1eQ7.17; November 716 A7. 1T; January 7.1s@7a0; February 7.2o9 72s