The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-14
COTTON MARKET REVIEW.
Futures Closed Higher In the Ameri-
can Markets.
NEW YORK GAINED FIFTEEN POINTS
Office OF The Post,

Houston, thursday, August IL.
Liverpool showed her usual eagerness TO
respond to decline on THIS side and
closed this morning with futures 6ls-G,bn
ltd lower than yesterday, and spots
Lied on The American markets were
not ready fee further slump, however,
aud on reports that rains had been alto
gethcr insufficient in the drouth-strickcn
districts, prices began an upward flight
that the bears could not stop. Good
rains have fallen at several points in
Texas, hut In many sections the tsouth
has not been relieved. ON the whole. crop
conditions have not been improved to any
material extent. but there are Indications
that the rains may become moro general
in u few days and pr,vc very beneficial.
The gain m cotton futures at New York
today was about ID points, and at New
cleans IL to IL points. Both markets.
were very active at times, though total
sales wcre less than during yesterdays
session Cotton. however, continues 10 DO
the most interesting speculative commod-
ity for traders, and rosists the depressing
Influences OF the tlmcs better than all
| othtC values. Stocks aud bonds ana grain
and provisions SLIDE down hill every few
days. but cotton Is now u cent and a half
| higher than II was three weeks ago. and
| "A quarter of a cent above the prices ruling
| at tins time last year. The bulls ssiy that
with another short crop promised, cotton
will continue OH the up gsddc. no matter
| how usht money may be. nor how dc
| pressing tho outside influences.
AT todays session New York futures
opcilcd quiet. with 132 BID and 1856 asked
Tor September The price dropped to ia
shortly after the opening, but had ab
| vanc.d to 7iQ by noon and cioscd al I.'1d
| I 40 against 13lui.Ja yesterday. pecem-
| Der opened at T,Jp, dropped to IM, thNn
| h., KAN to advance sppiuly and closed at
.,o,u 100. ~ compared with i.3'd"V yes
| tcrusy
| Sold at 7c nor the lowest. but hau az
| Nuuooi To Z % by tbs closing, poctmhcr
! sod at ,,Vh Tor the lowest ana az hlShcsi,
CLOSING at 7.2su1S. against 'loI' IL yeH'
"a" American spot markets were nearly
all unchanged. though savannah cIosed
| i4c lower.
lIouston's reccIpts tomorrow will he 2iot
to s6O0 hal,f. bringing the total Tor inc
week up 10 hhbnt ltnW. agaii q SO last
year ard dGf7 Tor the corresponding week
ia 1891,
Gilbert A. 20. Of New orleans wired Cnr-
gill Il Richardson "A, II " n. m; 'Think
greater portion Of the long interest has
| lo,u liuu dated. Unless crop reports I'M
prove market looks higher
A New orleans brokerage nrm wrote
| Yesterday afternoon. "'fh"rc II no doubt
that tho recent rains In Nj sSissippi. Lou
isana aud Tcxns Will prlve TO he very
beneficial to the growing crop; therefore
taking this into consio ration and th
uehtnese OF nancy. We do not think wei
OF buying Tor the moment"
New York. August l3,-Thc cotton mar
l,t pursued an his gular course today. /
wac quite nervous MS at my TIM Inn
season crop news were conflicting. bu
on tho average showed 10 Improvement
The nnrke. opened STEADY ~ about Veg
tordnV's closing ilguf,s scld w lo1l
points lue eactcd before II O'Clock. \
shnrp advance followed and The best POM
| Of the day showed net Improvement ol
lt6ilS u slutS Trading was active aud rep
resented very little outside speculative in
ter, ST The close was steady al a not al
vance of l2FllG points.
New York. AUGUST H.. Hubbard Bros. a
| Cas- cotton lCttcr Hnys.
| Again decline has been effected In the
| ma rl<at nv tho prrdiTiinu of showers III