The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-06
COTTON MARKET REVIEW.
New York and New Orleans Futures
Closed Higher.
THE SPOT MARKETS WERE FIRM.
An Increase In the WORLDS Visible Sun.
piy-A had bureau Report
IL Kxpsotsd.
Office OF Tho Post.

Houston. Saturday. September 6.
Considerable hesitation was shown by |
traders ut todays session. though the
final closing at New Orleans was at an
vance OF 10 points, while New York
gained I to points. as compared with yes
terday and advanced 10 points from to-
days lowest. Liverpool reported duh
market for spots with sales OF only 1000
bales. at unchanged prices Only a mod
crate business was done In futures abroad
and Liverpool closed 2ia-6id lower than
yesterday Tho American spot markets
were nearly all steady In tone. with prices
maintained at Thursdays advance.
While the heavy movement Of cotton is
considered an unravorbale feature AZ this
time, tho trade generally is expecting
steady market untn the government btu
rcau report is issued next Thursday. Many
believe that this report Will Indicate the
worst crop condition ever known, and
think prices may 60 much higher in con
sequence thereof although tho hears
claim that all August damage has been
discounted by the recent sharp advance.
The worlds visible supply has passed
its minimum point. and Was increased
Il .0c0 bales during the past week. against
a decrease of 1O5,iS9 bales for tho same
week last year The worlds supply IL
now s22. 16l bales less than last year. and
546 900 below the amount on hand at this
date in 1894.
At today's session New York futures
opened steady, with December QUOTED at
$50. The price than dropped steadily until
$50 WAS reached. Then the reaction &C.
Curved and by tho closing December could
no, be bought FOR iers than sss. October
sold at SIS early In the day. but ad
vanced to ST
In New Orleans October opened with
Ts5 bid, and closed at 81 against
7.s267.s3 yesterday. December sold at I.9s
on the opening. then fell TO 79l, but was
quoted at sosa 10 on the closing,
Messrs Cargili a Richardson say In
their circular of this date: "a number
of operators arc Watching the receipts
closely. and say that this increasing move
mont viii prevent any marked advance.
Tho fact OF an unprecedented movement,
however. has but little effect up the pub
lie IN general. as the leaders in spccuh-
tt3n are fuzzy convinced that the damage
is done, snd that cation will eventually
seek a highor h'vcl under Legitimate iniiu-
enccs. no MS the market looks nervous
and sensitive. AMI radical changes should
DO looked Tor the conl'lg week.. NM ""
sim roel that there is much moro 50 be
said In favor of prices than against them.
New York, September 5,The cotton
market opened Arm. with pnces higher
by ga points on the failure Of Liverpool
to show the extent of the decline pre-
dictcd whllc the Chronicles crop reports
for the week was regarded as very hullish
shorts were active buyers early. hut out.
Shc spccnlatlrr fell oil aud a decline OF
as points was Effected by selling 10y tnc
German contingent. Labor the market
made "a sharp rally OF l2et3 points on
active buying In anticipation OF MONDAY
holiday shorts covescd freely ana We're
nervous Tue. market closed iirm NJ b't
advance of .M6 points.
New York, September S,--iiubbard Bros
4 co aay OF COTTON
No rain of any moment Il. reported IN
'I.vqs ma san Amonio reports ihat !
would not now h~lp the top crop, as NJ
froA1s would KIN the stalk t~'fore the bolts
could mature. ana would nlso damage me
cotton already made, The iuilu"nce OF
this report wa. tcit during me i'rcncon
and sieadied thc MARKET nc ~ force WSf
anticipated.
New orl~anE- septeneer cotton