The age-herald., 1901-07-10
GOOD UNDERTONE ID COTTON MARKET Demand and Offerings Light : With Higher Prices
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 OPENING AND CLOSE FIRM The Government Crop Report Was Not unfavorabIe and Caused Moder-
 ate Liquidation and Market
 Based Under Pressure.
OPENING AND CLOSE FIRM

EaSeu Onoer PreSsure,
 New York July 9.-Operations in cot ton were anything but broad today, yet the market exhibited a much better un- dertone and prices were higher pretty much through the list. While there was no great demand for the staple. offerings were exceptionally light, and forced shorts to raise their ideas of values The opeing was steady with prices up four to six points A full advance of nine to twelve points was really due on the ca ble showing, but traders preferred to take profits on cotton purchased late yester- day. This slim rise caused Liverpool to partially react but at the close that mar ket was four and half to six and half points net higher. Towards midday shorts in the local pit became aware of their precarious position and were fear full lest the weekly government report from Washington show a much lower con dition than had been discounted. This demand, in conjunction with bull support, sent August to 7.Ss; October to TIA and January to 7.76, the latter figures being the highest yet touched by the new crop options The New Orleans market con- tributed few good sized buying orders The July option was an exception to the rule and worked up but five points all day The report from Washington was not so unfavorable as anticipated and led to moderate liquidation. Under this pres sure the market eased off several points. On the firmer periods leading bears sold and on weak spots conservative bulls bought.
 The market closed steady, July four points lower and other months net TOUT to seven points higher. New York July 9.-Cotton dull; mid ding SAC; net receipts, 573; gross receipts 61, ,96; sales, 12S; stock 179,966; exports to the continent, 718.
 Total today: Net receipts, 5447; exports to Great Britain, 226; exports to the con- tinent, SIS; stock, 41i,026
 Consolidated: Net receipts. 2S,fzo; ex- ports to Great Britain, S3,691; exports to the continent. 2 ,5S1.
 Total since September 1: Net receipts | 1881, ,369; exports to Great Britain, 2,S4o'- 992; exports to France, 707,3O7; exports to the continent, 2,46O429.
 
 New Orleans, July s.-The spot cotton market today was very quiet factors are asking figures for their holdings that shade higher than the quoted range, es- pecialy for middling and the better grades and generally refuse to entertain demands of purchasers for concessions, hence the trading Is very limited. The supplies avail able are now fairly large and well as- a1a caIly at variance in their opinions that there is at present but little trading. Sales, i,5OO bales, including 800 to arrive. Quo tations unchanged.
 ! In the line of contracts there was mod crate activity during the day and fuctua- t.ons in values were just sufficiently wide to warrant room traders in showing bit more interest In the market than has been l the rule of late. The market opened to 6 points higher than yesterdays clos ing, and after first calls fuctuated over range of only a few points either way with just slight leaning towards higher | level. At the close July was S.33QSS S5 l August, 799@8.O1; September, 7.6647 6S l and the balance of the list to 4 points l higher.
 New Orleans, July 9.-Cotton, steady sales, 1,50O; ordinary, 6lsc; good ordinary, 13-16c low middling, 7ssc; middling, Sasc; good middling, SAC; middling fair, Sc, nominal; receipts, S93; stock, 93,542.
 Consolidated statement: Net receipts, 2s, ,726; exports to Great Britain, SS691; to the continent, 215S1; stock, 411,026. l New Orleans, July 9.-Cotton futures, steady July, S.33@S35; August. 7.999S. .o1; September, 7.66@7.6S; October, 7.4907. 50; November, 7.48Q7. .49; December, 74S@7. .49; January, 7.49975l; February. 7.5O@7.52 Daily Statement. | 'lGalveston--Quiet; middling, S3s; receipts, l 2,218; stock, 65,S34
 Mobile-Nominal; middling, Shc; re- | ceipts. 39; stock, 5,960.
 Savannah-Steady; middling, sac; sales 1855; receipts, TIP; stock, 2S,711. Charleston-Steady; middling, SAc; re- ceipts, 27; stock, 3,027.
 | ,'Wilmington-Firm: nfiddling, 7%c; re- ceipts, 1; stock, 4,1H.
 1 Norfolk--Steady; middling, Sasc; sales, | f34; receipts, n9; stock, 15985. Baltimore-Nominal middling, 8 u-16c; stock, 6,022
 Boston-Dull; middling. s%c; receipts, 70; | gross, 226.
 adelphia-Quiet middling, Sc; re- ceipts, 135; stock, 2370.
 1 St. Louis-Steady middling. SAc; sales, | $50; receipts, 1,276; stock 59S
 Memphis-Quiet; middling, 8 3-16c ship ments, 2,326; sales, 300: stock, 35, ,372