The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-08
FUTURES SHOWED
BETTER THAN DUE
British SpInners MAY Resume
on Full lime
PRIVATE CABLES BEARlSH
Prices Ruled Rather Irregular During
the Day, But In General Way
the Market Worked
Upward.
PRIVATE CABLES BEARlSH

New York, June THE cotton market
opened steady at an advance of to 0
points on covering. promoted by rather
better English cables than expected, and
less favorable weather. The English spot
market was not particularly encouraging
as sales amounted to only 5000 bales at
decline of IA points, but futures were con-
siderably better than due, and private
cables were of hullish tenor, indicating
the probability Of resumption of full time
among British spinners and a better spot
demand in the near future. AS for the
weather, conditions were not bad but
there were further rains in western sec
tons where they are believed likely to
do more harm. and altogether there was
enough of bullish nature in the market
to cause shorts some uneasiness after the
recent sharp decline. The weekly crop re-
port at midday was thought likely to
prove bearish but was sufficiently uncer-
tain to help in the covering movement,
which continued all the afternoon with
Wall street. the south and Europe fair
buyers.
& Prices ruled rather irregular meeting
with frequent slight setbacks under real
izing by buyers at the low prices of yes
teroay, but in general way the market
worked upward. The weekly bureau re-
port indicated a general Improvement in
the condition of cotton, nut mentioning
an excess of moisture In some sections
and damage In portions of Texas from
boil weevil was hardly as favorable as
1ittta ipfipappa the
market, however, but along in the middle
of the afternoon report of a better spot
demand and large exports. chiefly from
New Orleans and Great Britain, caused a
scare of shorts, which ran July up to
II IS, net gain of As points, while October
sold at $50 and December at 9.72, net
gains of 80 to 80 points
About five minutes before the close a
leading room broker representing a Wall
street wire house with New Orleans con-
nections, became a heavy seller. chiefly of
August, offering that position down about
points.
The other months went off slightly in
sympathy, and The list was finally barely
steady, net IS to AZ points higher.
Sales were reported OF $4,000 bales.
Receipts of cotton at the ports today,
4o49 bales against 6iS3 last week and 20i9
last year For the week. 1900 bales
against 1896 last week and l3,O29 iast
year. Today's receipts at New Orleans.
sol bales against 1874 last year, and at
Houston $50 against 3O6 last year
New York June Cotton quiet; mid
ding, II soc; net receipts, 50 gross re-
eeipts 1893; sales, 102; stock 64,640; ex-
ports to Great Britain, 1885, exports to
France, 401.
Total today: Net receipts 1919; exports
TO Great Britain, 1884; exports to France,
401, stock, 262, $50.
Consolidated Net receipts, 1904; exports
to Great Britain, 1859; exports to France,
401; exports to the continent, 229S; ex-
ports to Mexico 1000
Total since September 1: Net receipts
Toll, 1854; exports to Great Britain, 2,379.-
226; exports to France, 6S40l4; exports to
the continent, 24s9.33S; exports to Japan,
Al, 936; exports to Mexico, 26,671.
New York Cotton Futures.
By Cothran a Co.