The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-08
COTTON CONTINUES CRAZY.
Prices fluctuatcd violently But
Closed Lower.
CURB HIGHER AT NEW ORLEANS.
Another Frepsied Market Expected To-
day-spot Quotations Are Nominal.
No Outside Trading.
CURB HIGHER AT NEW ORLEAs
office of The Post,

tune every half an hour Telegrams ind,-
Gated that even the sNid Brltishers were
affected by the crazy actions on this side.
and were buying and selling cotton as "
their life depended upon getting in or out
OF the market. Perfect pandcmonium pre-
vailed at New York and New Orleans and
there was no abatement OF the excitement
and confusion prevailing Wednesday and
Thursday. Though the bears came out
| victorious In the end. yet at one time dur
ing tho session prices at New York were
I points above the highest yet reached.
while New orleans went yesterdays top
notch 10 points better
The range OF fluctuations from the
highest to tho lowest was 30 points today.
Early in the day everything had jumped
skyward aud December cotton IN New
York only lacked II points of touching s
cents, and a sale was made IN New Or
leans at 3-4c. Liverpool gave the short,
a surprise this morning being SID up on
the second call. and closing about i0-eid
higher than yesterday. This was equal TO
Il gain of 80 American points and was par
ticular'y Disappointing to the hears. MS
| the opening call at Liverpool Indicated an
easier market Prices opened at a big
..,,, ." Wv """ m"rh"s' Went
." ''o NEXT 70 minutes, nut
~, '"'N ''"n""i" shoot that
"''i d"'''''ois %'"'" points lower
IMAM scs"tuaN at NEW YORK. ana b 10 10
points OFF at New Orleans.
The transact Jons In futures at New
York today were about 100000 bales less
than yesterday, Yet the total safes
reached ai5,6oO In three DAYS salas for
10000 bales, or an average of over 400 Goa
each day. This shows the oxtent of th.
bear panic. which has kent nm lon,or ara
brought out the most mixed situation eyer
| known in the history of cotton Trading
| Everything is stfll unsettled and outside
traders are afraid TO lo,cb tho make,
| The professional element is fighting II on,
| all a,onc. and every one else is eonicn, ia
watch the fireworks Az tomorrow viii
'''S'V''' " IN 'n"usht 'he tren-
N''.'''o"' VI ''a"efs VIII fe'aN some
~ - J'Ht 40 hheiy 10 nave
eH.N'' 'uro 'fau'he az New
.,t'1 '' "''' NUN was reported quite
80 ~ N'." ""N'u'S 10 'hfs'ii n
~ 't".." '""' prices al r. III.
:" '''''' "'s"er thuh the closing.
The opening In New York showed
| firm tone. with quota lions on Aupuat
'o'"'s OIL anu o'hcr months b to u points
! "'"'c' ueiNerios "a WIS
nV '''''"s o""' ou, u s"ie was
"' ''o' '' twenty minutes thereafter.
- ''''' PRIV INC market dropped TO
- DS "", 'ouhoh CIV by 100 and then
W. ~ ~, 'he CLOSING bid pecom-
~ '.a., ADVANCED TO "Ss by 10
| , mt, ~. ' 49," an" continued
rally. The closing was only 7n dron
OF i6 points from the blpb.,s, nm, %
| points below last nights finol f,,,uro.
| New orleans futures opcned s,o,av
| with prices II to Is points abovo las,
nights closing, the bidding being ,rrc,,,I,,.
and wildly mix.i. For Augnsl IA vas INA
on The opening, 765 in less thun nm bo,r
after. 7S9 on the second call and 7oi y,
the closing against 1870 YESTERDAY nao.,n
Der opened at 7.66 baJ reached : ?, a., ~,
teen minutes. dropped tn AZ no MOO, ,,',
reached 40 during tho afreruoon rh.r.
! '''''N