The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-26
COTTON MARKET REVIEW.
A Big Crop and Low Prices Is the
Worlds Belief.
THE WORLD is SOMETIMES MISTAKEN
ofnec of The Post.

Office Of The Post,
Houston, Saturday, July Is.
The cotton sentiment of the world is
undoubtedly inclined to the heaviest side
OF the market at this time. Such a con-
di,ion row frequently results IN proving
the world on the wrong side When nearly
everybody thinks the same way the dozen
or so who take an opposite view some
times provo the bcs, prophets. There IL
no Use denying the fact that the world
liz anticipating an Immense crop OF cotton
and very low prices. Low prices. accord
Ing TO the formers belief. are already
prevailing. hut the blg crop is far from
being made Should tho crop receive a
serious setback In Texas or elsewhere
next month those who are now giecfuliy
selling October deliveries in New York
FOR few points over "a cents might soon
| be anxious TO cover their sales "A cent
| higher.
| hut, strange to say. the provcrbially
| pnliish South ia moro bearsh now than
either New York or liverpool Last fall
the south siaked Its last red on IO.cen,
| cotton Now thousands of cotton buyers
ana spectators in the South have begun
n oear'sh campaign and claim that 5.c,nt
cotton viii soon be here Perhaps after
the south stakes IA few millions OH this
neh", the market may run up hill "a
rev cents and clean out the sellers, II All
depends upon ,hc crop and the demand;
the deTnatd can generally be estimated.
put frequently the crop can't he Inquired
OUT until SIN months after II is made
JUST now New York Is the happy dump
ing ground of all the shorts and that mar
ke' If about as nervous as an eel out of
NlF., y.at-
make II move one way or the other, and
seems 10 he without leaders on either
side. Liverpool has Gent selling orders
piling Oh The short sales. AT today's |
session New York futures ran up a few
points. but closed 1 To points lower |
Than yesterday. The fact tina, Monday |
Is notice day didn't cau4e the tlmldlty |
many looked for. August sold at i "a early
IN the session. hut reached 6.h9 before |
tn" close. October iouohe. d.3s two or
three times. but fell back to G.aa.
Liverpool futures ware ipuotivc md
closed about i-Jld lower than yesterday.
Spots were unchanged. but sales were
only 5000 bales. which Is u very small
business even for Il Saturday session.
August IN New Orleans sold al ga and
at 6.22. but tho closing quotation was
sos. but dropped back TO &c.
Houston spots were lowered 10 today.
This was no, due TO amy material decline
elsewhere but IL ascribed TO the fac,
that II rs simply Impossible to get over
Ui.c for mifdlins GOTTEN IN any Texas mar
k"t. Houston and Galveston haze been
quoting midding AT $3.50 all this week,
but sales have been made in both mar
kets IN 1910. Quotations higher tnan
thc are therefore misleading, for that
Is the top price.
Clapp q Go. of New York write under
date of July %: The coiored race. old
and young, from piekantnnes 10 grand
daddy, the best cotton picker yet IN :
vented" Is At work, aud earlier than any
year in the past. Tho stock here IL So
"a bales. Total American cottnn IN sight \
$ lilS.2us bales, against 2tS9.oi0 bales
ear ago. he stock OF all Kinds Is 1,Df,-
80 bales. against S065,2l0 bales. Exports c
lave been iJpa.sSD bales AGAINST d.GDi.fi2 p
'ales last season. In sight b,'2H. GIG bAlcs n
salnst s,7oi 'SS last year Mr.. Ellison re- $
to July ] ms q 9ba,WD balvs, aud average \
weight 1874 pounds, against 6,25l,p0o Daics =
anne weight. sSplnners' stock July /, 1885, h
vas l.pgAO0o bales OF ipn pounds each, and i
; reduced to $4,000 bales july /, 1896 That J.
In June was 10000 bales pcr Y
iao,@5 bales, against 2,76o ia5 bales Las, II
rlson Many mills ARE running Mt abou, J.
tse-llilrd Time; their purchases arc not +
kelly TO be large as their supplies arc y
iirly an average. Print cloth stocks are y.
bout l.osS.ooo pieces. and unusually large. V
A letter received by CarRll h Richard
On today from prominent Houston COT
,n buyer who Is travelling In North Texas :"
ates that cotton IS unprecedcntedly
lrly In that section ana that gns win
ork fun time by August l. He also gives
az his opinion, Judging from present
,ndition, that there WIN he heavy An- o.
at movement from Central and North II
csas II;
Ju
New York. July 25.--The cotton market Al
,cncd quiet with "A few orders and local ~
aders practically In control. News was N,
arce and the general situation feature %
~ The first call developed n decline OF l ia
lint. which was followed By slight re-
tion covering. The market turned
sicr under renewed Indications OF early
"a liberal movement OF new cotton. The
ose was steady at a not decline Of ~
net points. G
New York, July 25,--In tho dry goods -
lrket printing cloths were dull at 2lac. S
COTTON. b