The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-06-03
COTTON FIRM
AT ADVANCE
Omen Shows Advance of From
8 to 6
DAMAGE BY WATER LITTLE
Net Unchanged to 5 Points
Lower
DAMAGE BY WATER LITTLE

New York, June 2.-The cotton market
opened firm at an advance Of 3gS points
and following the call, which was not
particularly active, showed still further
strength. particularly on new crops, I'M
der irmer cables, in apprehension that the
hoods in the southwest would work down
into the cotton country.
Under these influences the new crop
xyas advanced before midday TO high
level for the season, September selling
ND TO IO22c. October SIC and December
20 e.e2c. Following this, however, the
market turned easier. under realizing
h-bere was more favorable turn in the
weather and it seemed to be that the
floods were not likely to reach the cot
ton country in sufficient quantities TO
work any material damage. Exports TOT
the day We're heavy, amounting to lS'fZo
bales, .bbut the port receipts turned out
heavier than originally estimated, BENG
& 604 bales, against 1861 bales last year,
while the into sight for the week was
estimated at a round s., 600 bales, against
g. 900 bales last season.
The better accounts from the dry goods
trade had little influence, in view OF the
low price at which the finished product Is
selling. compared with the price of cot
ION. and it was argued that while the
government report of tomorrow VIII
probably reflect known conditions the
,resent level Of prices discounts them
The SPOT market of the country, how
ever. while firm. shows little business, and
the spot sales in Liverpool amounted 10
only 5000 bales. Influenced by this and
POSSIBLY encouraged by the list noted
An the weekly weather bureau report, the
market ruled easy all the afternoon, be
ing finally barely steady at the lowest
Of the session and net unchanged TO 0
points lower Total sales futures esti-
mated at 10000 bales.
New York. June 2.-Cott6n-Quiet Mid
ding. I50c; net receipts, 50; gross re-
ceipts, 05S: stock 171,505; exports, 80;
continent, $50. Total today-Net recsiprs,
3604: continent, Il, 40; stock, 215,z4S.
Consolidated at All SeapOrts-Net re-
ceipts "A l29; continent, 40,S0S. Total since
September Net receipts. ,1OS; ex-
ports. France, 750,S62; continent, 2,15l,SS2;
Japan, 1896.
Spot cotton closed quiet. Middling up
lands, Il soc; middling gulf, u.75c. No
sales.
Cotton futures closed barely steady.
June. 1lO9c: July, 11.Ic; August. lO72c;
September, 1O.13c; October. 9.64c; Noyem-
Der, December and January, 9.50c.
Liverpool. June 2.-COtton-Spot in lin
tied demand; prices points higher.
American middling. fair, 4S7d: good mid
ding. 6.34d: low middling, 6.1Sd; good or
binary. 594d; ordinary, Sad. Sales for
the day were 5000 bales, Of which 800
were for speculation and export and In
cluded 200 American. Receipts since last
report, 5000 bales, including LOO Ameri-
can.
Futures opened and closed steady
american middling, good ordinary, June,
sl4a6l 5d; June-July, 6.1lm612d; July
August. 6.07G60Sd. August-Septembsr
6.s4a5 SD: Observation-Disclosures. 5.57d; Oc-
tober-November, SID: November-Decem-
Der. 5.1705 1Sd: December-January, 5.14a
BIS: January February, 5.13Q514d; Feb
Tuary- March, 5l3q514.
St Louis. June 2.-Cotton-Quiet. Mid
ding Il7sc; receipts. 179; stock. 1918.
New Orleans, June Cotton Seed OIL
Prime refined. in barrels. 42lsc: off re-
fined. in barrels, SIC; crude prime loose,
eSc.