Omaha daily bee., 1903-05-20
Cotton Market.

NEW ORLEANS. MAY 1s.-coTToN-
Nominal; sales. 2,2O0 bales; ordinary, slice;
10 1S-16c; middiing, ii s-i6c good middIins
iL2c; L middling fair, Y 11-l6c. Receipts, 1905
bales; stock, 77.Ss9 bales. Cotton futures
inal; July, 1224@12 25c; August. h. .756D1l .7sc:
September, 9.95@9 &c., October, 92169 %; No
Vem6er' SO6q9OSc; December, 9.O6q9O O7c.
NEW YORK, May 19.-COTTON-Opened
at an advance of 4d9 points under stroTfH
cables and renewed bull support Owing
10 a reactionary tendency at Liverpool
shorts were disposed to stand by their COM
mitments, but they were entirely unable
to withstand the aggressive buying of the
bulls and prices were Immediately rushed
up new high level for the season. May
sold as high as 11.70c; July. II .36c; August
l1.02c, and September, 973c Then realiz-
ing became more general. room longs turned
Tor profits and prices were forced down
point by point in the face of continued
bull support. On the decline 1t became
apparent that the room was looking for a
weekly report of the weather bureau was
published at midday, showing a much less
tavorable condition than expected, the
shorts were again completely routed and
prices were sent up at a record rate. In
ten minutes July had sold up from 11.17c to
11.24c; August from 0.91c to 10.97c, and Sep
tember from 9.65c to 9.72c. The rally seemed
apparently to have exhausted the demand
from shorts and was followed by another
came much less active. The decline was
started by selling of July, said to originate
with the leader of the New England clique,
and as it progressed the selling movement
was swollen by the liquidation of the old
crop, while the new crop was maintained
by covering. This movement eliminated
when a level about Las points lower had
been attained on the summer months and
was followed just before the close by an
other spirited burst of trading. 1t was
rumored that a certain Wall street inter-
est prominent on the bull side early in the
season was buying for an advance of a
cent or more, and this added to the gen.
lay4N.v aN.1 fRNv ~f@taw l,,
new crop months were the strongest fea-
'ture in the late trade, and at the close
showed the greatest gains. May closed at
.64c, July at 11.24c, August at 10.95c and
September at 9,7Sc, with the general list
7d31 points higher. November scored with
the biggest advance, closing at g. %, against
910 last night Total sales futures were
5000 bales.
ST. LOUIS, May 19-COTToN-Firm. Ac
higher; middling, 11Ac. Sales. 80 bales; re-
ceipts. sS7 bales; shipments, 1853 bales stock,
LIVERPOOL. May 19-CoTTON-spot in
lighter demand. prices IS points higher;
American middling tair, 6S4d; good mid
ding, 660d: middling, SAD; low middling.
J'rhe sales of the day were 5000 bales, OF
which LOCO bales were for speculation and
export and included $500 American. Re
cefpts Is, 600 bales. including 1000 American.
Futures opened firm and closed unsettled.
American middlng,Ng o. c., May, 6.09di May
and June, 607d; June and July, 6.04@6. 05d :
July and August, 6.o0d601d; August and
tober, 5.23d5 24d; October and November.
4. 92I4 93d; November and December, 4Slp
AS2d; December and January, 4SOd; jan
uary and February, 4.7Sd479d