Omaha daily bee., 1903-05-21

NEW ORLEANS, May 2o.-CoTToN-
Nomlnal; sales, 1850 bales; ordinary, 8 9-I6c.
kS IS ordinaGy, 10 l-l6c; low middling,
&c; middling fair, 16 11-l6c. Receipts, 4,S7s
bales; stock, 1888 bales. Futures, steady;
May, soc bid; June, 12.10c bid; July, L. SOd
1850; August, u.7Sd11. soc; September i0I9
qlo16c; October, 9.47@9. 4Sc; November, 9.2s
Q9S6ci. December, 91SQ9.29
ton market opened at an advance of 2Gs
points and ruled fairly active, but not SO
active as during some of the days of last
week. The initial advance was due to fur
Their covering and aggressive bull support,
Following cables which were sensationally
strong. The realizing. however, was enor-
nous and after prices had been worked
still further upward there came a break
OF about 10q1S points from the best of the
morning. On the decline rumors were cir
culated that certain Philadelphia interests
and the leader of the late New England
Clique had combined 20 oppose the full fac
ton and would stubbornly resist the ad-
was denied and a counter rumor was cir
culated to the effect that New Orleans
bulls had come to an understanding with
Philadelphia spot interests that would en-
able him to accept all the old crop cotton
rendered. This rumor gained general cir
c~ulation late in the afternoon and was re-
sponsible for one of the most excited and
spectacular advances recorded. Prices
meantime had become irregular, ~fiuctuating
UP. and down as the bulls, then the bears
gained temporary control of the situation.
While the strength at Liverpool had en-
copraged the bulls, the large port receipts
and continued favorable weather proved
levels, and from the higher points of the
morning the prices showed a generally
downward drift until mid-afternoon, when
strength under the efforts of belated shorts
to cover. That option was bid up to 11.S0c,
July to 11.Soc; August to 11.6oe; September
these prices being new high records for
the season, with the exception of July.
which was within one point of its previous
ket eased off to lO.S4c for May, ll.25c for
July. 1o.9Sc for August e.9ec for September
and 9.S9c for December, the market closing
practically steady, net UNCHANGED to 30
points higher on the old and from ] to 3
points higher on the new crop positions.
Total sales of futures were at
800, 900 bales. Port receipts were 9,0S4 bales
against 2,SS3 bales last year. and the In
yerior movement was considered bearish,
n spot cotton in New York. influenced by
the developments in May, was advanced
=" ST IoTis. May 2o.-CoTToN-Firm;
middling, I1kc; sales. 20 bales; receipts,
]. 1903 bales; shipments, l,2h bales; stock
IIvERPooL. May 2O.-coTToN-spot.
quiet; prices, 294 points lower; American
middling fair, $500; good middling, 6bSc;
middling, sac; low middiing, SIC; good
Of the day were 5000 bales, of which 1000
were for speculation and export, and In
cluded $500 American. Receipts, 1900 bales:
including 1880 American. Futures opened
firm and closed with near months STEADY
and distant months strong; American mid
ding, &. o. c., May, 6.1ec; May ana June
6l4c; June and July. 6.12c; July. ana Au-
srst' 6,OSc; August and September, 6.s1d
592c; September and October. o4c; Octo,
Der and November, 511c; November and
December. 5.50d5.51c; December and Janu.
airy. 4.sS949Oc; January and February +s'
/ nAS8C.