The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-06
COTTON MARKET REVIEW.
A Big Spot Business Transacted at
Liverpool.
SHORT SELLING HAS BEEN LARGE
Ia All Speculative MArk~ta- Would Cause
AReacttoN should Crop Accounts
be unsnvbrabic.
SHORT SELLING HAS BEEN |
Ofncc OF The Post.


OiUCc oi INC Icst,
Houston. Friday June Z.
There was n good spot business at 1.iv.
crpol again today, i5No bales hcing sold
at yesterdays prices. Futures opened ir-
regular IN the forcign market hut with
n Declining tendency aud closed IA
@'s-6id lower than yesterday. The American
markets made several stands for another
rally during today's session, aud though
\ 6 or points down at one time, man
aged to close or = points vp.
| There sim sccms a general disposition
| In thc speculative ccn,crs to soil the new
| crcp, and oven the fear of II squeeze on
| the summer positions appear to have been
dissipatrd during the bear raid. In fact
the selling interest has Increased SO large
~ during the past week that the market
| Is doubtless IN the very best condition pos
| slhlc fer sharp reaction should any
| serious damage occur to tho g.owinG
| crop.
| Texas weather kilograms today were
about the same ms herctoforc--dry and
hot nt all points, with no rain rcrortcS
| Richmond. t'latonia. Wnelder, san An
| tonic, brcnham. Waller aud cypress were
| Included In the towns tcleeraphing "no
rain yet" The Hight showers at u few
POINTS In East Texas last Tuesday did
liItlr or no good
| New York futures opened easy aud 4
| Ia points on There was further ic-
cline ON the Second cali hut reaction
| occurred during the afternoon and the
closing was to points higher than yos-
| terday. August opened at Iih. nuctuatoi
between 7ia aud IA for quite while,
but advanced steadily after 12;ia u. IN.
and closed a, 7ai-5g. against 7i9-s0 yes
| tcrdny
| New Orleans futures opened to & points
on, but closed with August only | point
lower than yesterday, and other months
ranging from unclaimed to paints IN.
| The American SPOT markets were nearly
all dun ana unchanged. NJ aalcs wcrv,
| reported nt Galveston. Houston and
savannah and very light business else
| where.
Compared with lust Friday August
| futures IN New York show II ,leclln, of
10 points. although prices wcro down %
| points at ono timc this week. October at
| ioday'a close is l6 points lower than u
week ago at New York and IS points
down at New orleans. August IN New
| trlcnnf. which was ~ points down last
Wednesday. Ia now - points below iast
| lrri1,,'s nriras N.v Vo,t >,,,, ,,l,,,.
| ~" ''N"''
| ana houston Spots SNOW a decline OF l-to
| for the week.
| New York. June b.-Tclcgraph,c advices
| a., 49,, ,,a,.,,., ,.,''..',., ,,,....
| W. Wv ""u '''"'c'"' '"'"''-
| iclo from me South, this evening. are As
| n rule Of "A fnvoruhic chnrnc,cr 1'hc
| -,
Wcather ms po'n dfy IN many d'strlctH
| of the Southwos, during the week and
| molstur. 4. ,,,,,,. ,,, ,,,,. 49,,
| 80 ~ '"''
| mas n''h lhtc general nnd ON tho whole
| very hrnehcial, Tho temperature has been
| decidedly satisfactory. Except where
| rain Is needed cotton Is dcveiopign very
| promitingly.
| Now Orleans Juno 6--Weckly-Net re-
| ceipts 1850. gross iiTii: exports 10 Great
| Britain 2p22 l'rnncr 5h06: continent 1870;
| coast wise iDs. sales $500 spinnrrs SIS
| New York June b.-Ilubbard liros a.
| 70 . cotton lrti"r says: our market hns
| shown rcmnrkablc gtrndinors IN face Of
| me weakness ahroai. leading minor trad
| rrs having pressure TO srll passed over
| win good hnfliNss In Manchester. to-
made me Liverpool Buying absorbod ali ali
| who have been lnrpr s.lIvrA during tho