The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-20
COTTON MARKET REVIEW.
A Large Portion Of Tuesdays Adj
vance Was Lost.
THE SENTIMENT IS STILL BuLlIsn
Crop Reports show Coasiaasa Dsssriora-
ton Liverpool Acts Bearish-Ths
Movement 1ncreasing.
ONCE Of Tho Post,

Houston. "Wednesday. August 49,
Cotton took II few steps backward 10
day. hut didn't lose much more than half
of yesterdays advance. After two days
or bullish activity, n reaction was nat
ural. aud todays decline doesn't really
indicate any change In the sentiment that
has been sondAng cotton upward for tho
past three weeks. liverpool continues TO
act with great contrarncss and made
very poor response 10 the bull,sh display
on this side yesterday. The foreign mar
ket advanced futures only a,s-eid. though
spots were marked up 3-Jed. Spot sales
were only Tooo bales. making tho total
transactions Tor the past four days Just
1000 bales. an amount that should he
sold every two days at this eeason OF the
year.
The continued drouth and the growing
belief that the yield of cotton VIII not be
| materially IN excess Of the isao crop IL
| proving u strong tortif,ation FOR tho buils,
but Il is n quert ton how much longer they
| can stand on the bears on these reports.
The movement IL daily becoming moro
noticeable, while the donand for cotton
Is not up to expectations. Port receipts
today were bSt2 bales and the interior
towns reported about 400. Tha stock OF
| al. Al..yta-
| '",''" wv ~. ',..'',.. ,.....,.,,,,.,
while Liverpool il already receiving ship
mcnts from tho now crop.
| Al toiay's session New York futures
oncnsd wcnk. with prices "A to q points
on. t,eptamber soid at 7.S early IN the
session, dropped to 7.So. but by noon had
advanced to i.pT. while s cents was reach-
| ed during the day. The closing quotation
was "t '"W'''-' "s'''''''
| day. pC~embor open,si AZ runls, snin NJ
7 "a for tho lowest, advanced TO $40 dur
,., No. ',,,,, 49,, ,,o.,d n, h7e,7 Az
| 100 -, ~ -,
| In Nav Orleans The decline was more
| marked than In Now York. futures having
made a. greater ndvance there yesterday.
October opanoI at ma. sold down 10 7 n,
chem advanced to 7s2. hut CLOSED al 2 6,af
! "e'' "' w. 80 ~ ,.,
''"o' zoos vi - P''"'e 10 '""'''"''' WIN
yesterdays iiunl figures, December open
Oh at 7 NJ rearh,d 2 IN during The Aessiou
80, -, "a .,,,.,,., .st,1 oo
ana ''"sou w 'fN'p' us 'f""s ''''N"''
yesterday.
|
Tho American spot markets showed a
nlx,d sitiaiIon Nav York ,lo.,d ise
80, ., ~. o.,....,,. ,a,..,..., n,,o..
so"h anu Nc" '''"''" '"""'c" "'Ne"
lice. while Memphis advanced i.r. sa-
,snnnnb Il, and ,,alv,s,,n LIS, uouston
WAS steady ana unchanged.
ytous,o, ,e,.e,v.a ggls ba,.a or co,ton IN
a,y rr.,,,,,, a ,n,al ~, IL M "a t,r ,h,s
,v,,L r,n,, ,-,,sm,n,, for THURSDAY ,s a,a,o
a., 6na h.l,.. a,,,i,u so, las. y.ar am,
oa,s -, ,ho a,mo DIV ,n ISL, Nv FRIDAY
u,u.to,,s ra,,,,,, ,,,ii, lac. o,.,, ~ nv, h,I.,s
,,.,tn., ,,,.i n, - ,as far ,,,, corro.
,,,,,,.,.o,,.-. -, A., ,x,,,
sPohmiH "ec" 'h '''''
,,,. .,,t ,,,,,t>,. ,,..ra ,.o.a.,a,.d
rug i9nownls 'i. ', eh,,',." go o.
~ "" i'ouH'rn u",.", 'N,nmnt' ""l
u. y, tads, pav"ilpur', IOWA, ~
SpotSwooii. beaumont a. ho""B' W."
rch.
Tho following is an eAtf0Nt iro"i 'ne
| market letter sent out by u New Orleans
do, ,,o,,o,,t,,v. "Durinp the excitement
49, - 49,, ,a,,t,,,
oNoiythmR IN '"s' he"' VI "" "''''"h
hut crop damage reports seem to have
any iniiuenco on prices. We certainly
nre most sanguine now viii awaken to
this fart that there are other features
| which must necessarily be taken into cou.
! eidery,iou When that lime comes II ma y
be- difficult 10 dispose Of their Hcrumu-
lationss and necessarily serious break
| mlyh, Inc tho nnul outcome OF this wild
sneciIlation, This being the ralr, ,ve Gun
only r.iiorate that, ln our opinion. we
think IL uml.l,,nt for our friends TO be
| vorv cuutioua IN making their opsrai IONS
IN either ylde from now on"
Ncv York Auruet Ig.-rotton opened
,,N,,, ,>,,,,s, d.,,,no ,ai,,oa 10
lut,p lac t!lIDftNtDNfA.