Omaha daily bee., 1903-04-07

NEW ORLEANS, April 6.-CoTToN-
Steady; sales. $3.50 bales; ordinary, sac;
middling, 10 i-1sc; good ml~ddling, 1orzc;
6,SS5 bales; stock, iso.O6s bales. Futures
1O.O9a1O:11c July, 10.iOc; August, s.6lde.6 sc
September, 9.S5Q9.S6oi october, 94lq9.42c;
November s.2sc bid; December, 9.29q9 soc.
NEW YORK, April 6.-COTTON-Market
opened firm at an advance of is points and
ruled active and excited under further COW
erings of May and July. shorts. Immedi-
forced rapidly upward TO 10000, this being
"a points beyond the highest previous level
Of SIso the srr season and July; os selling GO at S:SS g.
the present crop Is concerned. The advance
was almost entirely due to the covering of
supported by the bull clique. Southern
news as to the new crop prospects contin-
ued bearish, and this exerted a depressing
neglected during most OF the session. But
while the port receipts for the day turning
out about 1858 bales, against 1914 bales
last year, and the receipts for
leading points tomorrow were moderate,
thus. encouraging buying, when May had
reached l0S5c there was a momentary halt
and values sagged back a little under rea-
lizing,- Then the list turned stronger again
and May was rushed up to 10. CSC, with the
money market at that time showing an ad-
vance OF from 6 to 26 points on the active
options. After this the market, while gen.
orally firm, became somewhat Irregular.
II was tnOuRnt the heaviest snort interest
had pretty thoroughly covered, and this
was regarded by some of the holder room
operators as a signal for fresh commit
Checked covering by those who had thiS
far stood by their short contracts. There
was some further realizing by room longs
who preferred taking profits to carrying
their operations over night and prices were
put back a few points, but were again raj
lied just before the close. which was steady
a. a net advance of 5G27 points, with May
selling at 10.35c and July at 9.93c, within 2
q3 points of the best on these operations.
Local sales estimated at 10000 bales. The
Liverpool market was not a factor I'm to-
days trading. At the time of the local
opening was Just about as due on the New
York close of Saturday, but later turned
hrmer In response to advances here and
closed net 2d4h points higher.
May cotton touched 10.3Sc, the top price
of the day. in the early afternoon. There
was no special news to account for the fur
ther advance other than that the shorts
were still fearful Of the situation and con-
tinucd to cover. The bull faction appeared
to be well satisfied with conditions and
sold May moderately.
The market became somewhat unsettled
toward the close, with prices generally be-
low the top, although the reputed leader
of the long interest was reported to have
purchased something like 5000 bales of May
ere. The closing was steady, with these
bid and asked priees: May. 10. S5d10. 36ci
July; 9.s2a9ssc; September, S.S2@s.S8c; No.
LIVERPOOL, April s.-CoTToN-spot
moder%@- business done; prices steady
American middiing, 5.SGd;. The sales of the
day were 5000 bales, of which 500 were for
speculation and export and included 7,5N
American. Receipts 5000 bales, including
5,40 American. Futures opened quiet and
steady and closed -atm; American middling
6. o. c.. April, 5.22d; April and May, 5.22d.
May and June, 5-2Sd5. Ad; June and July
8. 23d5.24 July and August. 5.23G6. 24d; Au.
gust and September. 5.1495. 15d; September
and October. 4.79l4.S0d; October and No,
yember, 4.eOd; November and December
5.53@5.Hd.