Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-07-05
The World of
Finance and Trade
THE COTTON MARKET.

NEW YORK. July a-Cotton prices
reached another new high level today with
trading almost active and excited a.
during the advance of a cent pound on
Monday The opening was f3 to % points
higher. following sensatianalIy Arm cables
There was heavy realizing and prices sold
off early reaching 10.5s for October and
1910 for January. but there was soon an
other sharp advance on a renewal Of bull
support and heavy buying orders through
wire and commission houses.
The weekly bureau report was considered
buIlish following the low-condition figures
reported Monday. and prices just after
it's publication We're about 80 points net
higher. or around 1851 for October anu
1887 for January contracts.
NEW YORK. July 5.-The cotton market
opened irregular, at an advance of 13a2s
points. which was hardly much as was
due on the sensationally firm cables. There
was very heavy realizing at the hIgh ievei,
and during the early session the market
ruled very nervous and irregular.
a one time prices were back to with'l
or points of Mondays finals, on active
months, but later rallied again on fresh
buying through wire and commission
houses and by the end of the first hours
was near the opening figures. Business
very active, and sentiment seemed
badly mixed, many believing reaction IN
evitable while others were taking still
higher prices before any serious setback.
Cotton futures opened irregular. July,
1865; August 1855; September. 1861 DC
tober 1865; November. 1911: December,
1918: January, 1875; February 1880;
March, 1888: May. 1897.
At midday the market was rather less ac-
tive than during the early session, but
showed continued nervousness, with prices
back to just about the high point of the
morning. or net advance of 2oa25 points
on the more active months. Spot cotton,
quiet; middlIng upland IL; middEng gulf,
11.2J.
Estimated receipts of cotton at the ports
today. 14oV0 bales. against 12.tO2 last week
and 1.52o last year For the week. 000O
bales against "A 14S last week. and 10 90
last year. Today's receipts at New Or
leans, 2,159 bales. against 11o6 last year.
and al Houston 4,I53 bales, against 81 last
year.
LIVERPOOL. July o. pm.-Cotton-
Spot in limited demand prices 12a14 points
higher; American middling, fair. 49, good
middling. 6l9; midding. 6.C3. low md
ding, JS1; good ordinary, J.69; ordinary.
i.53. The sales of the day were 1000 bales,
of which 800 were for speculation and ex-
port, and included 65OO American. Re
cefpts, 5000 bales, including 800 American
Futures opened barely steady and closed
feverish: American middling g.o.c., July,
SO; July and August. so; August and
September. SO; September and October.
5.i9; October and November, ST; Novem-
Der and December, 81: December and jan
uary. 5.T1. January and February. ST;
February and March, 81; Marcn and April
81; April and May. 5.77; May and June
5.T.
The cotton market opened active and ex-
cited, and an advance of 10 to 13 points
was quickly recorded. Heavy selling orders
were executed at the high point and at
noon values only showed gain of 4 to g..
During the afternoon the market was fever
ish American selling orders and the dis
appointing opening in New York caused a
sharp break In prices. and the close was
feveriSh at net loss of 5a7 points