The age-herald., 1901-07-04
NERVOUSNESS IN
 COTTON MARKET Affected by Holiday, Drought
 and Government Report OPERATORS FRIGHTENED They Unloaded or Covered Shorts at the Dictation of Leaders-Tradine
 Was Light, But Market Was Firm at the Close.

New York, July 3.-Cotton was irregu- lar today, with the trade extremely ner- vous. With holiday on one hand, a drought in Texas on the other and with monthly government report, room op- orators were easily frightened to unload or cover shorts just as the leaders dic- tated. On the opening the market was quiet, with prices 1 point lower to 2 points higher For a time the market was steady, but absence of outside sup port. with liquidation of July and August holdings by smaller interests, turned the market decidedly downward before mid day. October dropped to 753 and Jan uary to 156, while the July option sank to S,46. Wall street bought July at the start and on the break was fair seller of October. Then came the bureau re- port giving an average crop condition of S1. For a moment the report was with out effect, then some of the more cour- ageous shorts sold prices down points In the hope of starting liquidation by Wavering longs. But for the next two hours the market took strong upward direction and at the best figures was 12
 
 day. August rallied to 7S7 October to 766 and January to 76S. Towards the close realizing by pit scalpers caused a de- cline of to 6 points. The close was barely steady with prices net 5 points lower to points higher.
 New York, July 3.-Cotton, easy; mid ding, S%; net receipts. 339; gross receipts 5239; stock, 170,6S0
 Total today: Net receipts, 9423; exports to Great Britain, 2SO0; continent, 62S4 stock. 456,224
 Consolidated: Net receipts 40,701; ex- ports to Great Britain, 6S97; France 20; continent, 6967
 Total since September l. Net receipts 7,30, 647; exports to Great Britain, 2911 105; France 707,7 continent, 24S7,57o.
 New Orleans Cotton Market.
 New Orleans, July 3-There was not much doing today in the spot cotton market. Buyers were holding off. as a rule, to await the announcement of the bureau report covering crop conditions and its resultant effect upon contracts Factors were asking full previous prices, but they, too, were inclined to go slowly for the time being and made no very great effort to force the trading. Sales oVU DdleS, lHCluullB 4VU lO drTlVo. eRuOld- tions unchanged.
 The market for contracts was very quiet during the morning hours. There was some little trading of a general char acter but operators as a class were in- clned to hold off and await the bureau report of average conditions throughout the belt before moving actively. The report had the effect of strengthening the market but the tendency to work close hauled and though fluctuations dur ing the day were fairly wide the closing showed no change in July. August was 9 points lower while the other months gained six points each compared with yesterdays closing prices.
 New Orleans, July 3.-Cotton steady; sales, coo; ordinary, 6; good ordinary. 6 11-16; low middling, 71a; middlng. S%; good middling, SIS; middling fair, SIS; nominally; receipts. 1882; stock, 104,4s1.
 Consolidated statement: Receipts, net, 40, ,701; export, Great Britain, 6S97; France, 20; continent, 6967; stock, 456.224.
 New Orleans, July 3.-Cotton futures steady; July. S.19@S.2O; August, 7.91@7 93; September, 757@75s; October, 7.99@7 40; December, 7.SS@739; January. 7.4oQ741; February, 7.42Q7.43.