The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-18
COTTON MARKET REVIEW.
Futures Higher In All Speculative
Markets.
INFLUENCES CONSIDERED BEARlSn
hut Statistics Are Worry Baiiiah- Good
Demand for Cotton At Present
Prices-spots steady.
S CONSIDERED BEARlSIl

tiVuShph, FtitseNs bNss ".
The American cotton markets We're ncr-
vcus aud unset tied today. and fluctuations
were frequent. The day closed a, New
York and New orleans with n slight I'D
vance over yesterdays final fgurcs. and
"A steady tone. Liverpool gave tho bulls
ONE ENCOURAGEMENT by an advance OF
s-6idctS-64d on futures and 1-Sed on spots.
II Is also known that there is n very
good demand from tho continent for cot.
ton FOR future shipments on the basis Of
present prices and this has caused many
shorts TO cover thotr reccnt sales. All
other Influences are laar,sh. however. ain
with no crop scare to shake ut the bruins
the bulls seem ut u disadvantage. Bull'sh
statistics have evidently lost their torncr
worth and weight. Tho shorts appear to
believe that all values air ON tho down
ward run and thnt cotton must Hollow
the same course, no matter what the de-
mand nor how small the Immediate sup
ply They have also lost eight OF the
fact that cotton Ia already at much iower
prices than usual In July, but may be
made To reasae this before the month Is
out.
At today's session New York futures
opened quiet aud firm. TO points m,
and closed to : points higher than ycs-
| ,crday. Early In the day prices fell a
fcw points below las, nights CLOSING. hut
soon reacted August sold n, az for the
lowest. &. SIS highest. aud closed at s.,'6.Sl.
agans, 6slm6 81 yesterday. October
opened at 60. dropped TO 6.2e. bu, al
vs,nccd to 6.9e by the CLOSING
New Orleans orercd barely steady, with
prices ranging from point down 10 4
points M. The closing was / to . points
higher than yesterday. August opened at
$50, sol at GEL by III o'clock, thon 70
acted md closed ut 6ctus.26. October
sold at h.?0 early In the day. advanced to
= Is and closed at 3 s6n5.Y7 against 5s5it
5.eG Yesterday.
With the exception of an advance or
Lie at New York. the leading spot mar
hota were steudy and unchanged.
Since last Friday August COTTON in New
York has lost exactly 80 pc nts and DC
| ,ober a points. In New orleans August
and October deliveries ARE both 70 points
lower than last Friday. Spot cotton In
| New York T. now nc for middling against
Z I-6c a week aEo, loss OF b-i6c. Spots
in New Orleans have declined &c during
| the week. and In Houston 3-lGc.
| Nav York. July 1.-THE Commercial
and Financial Chronicle says; Our re-
ports 10y telegraph from tho South this
eveuipg Indicate TINT the weather has ass
! a rule been quite satisfactory during tn"
! week. Rain hns fallon In most localities
! and n Texas tr crop has been greatly
benefited thereby Az IL few points in AZ
kansas and Tennessee rain Is said TO be
needed but Va SECTIONS of tn. Atlantic
States and In portion of Alabama thcr.
has been too much moisture In flm earlier
districts of Texas picking has been CO.'S
menced.
New York. July T.--IIubbard Bros. n
| Co say Of cotton. Tn. principal demand
| toiay has been from the Southwest. whois
! il Is chained the recent rains have been
| Insufficient to benefit tho crop In Texas.
| 7 he market nE a whole shows steaiiress
| hui no active d"nanl from any new
so,Mce. Traders .re indsposed To follow
the decline. believing the crop contingent
.icT do not warrant any decline until later