The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-02
COTTON MARKET REVIEW
Liverpool Futures Closed About Ono
Point Up.
THE WEATHER CONDITIONS IN TEXAS.
-, .-,,-e'-'. 's-----' -
kAina Reported From Me1is 10 Denison.
New York and New Orleans
futures Lower.
WEATHER CONDITIONS IN TEXAS.
GRACE OF The Post,

Houston wednesday, July l.
Liverpool futures were ,s-6,d to Ltd
I'M at the close OF tcday's session. Spot
prices were unchanged with the exception
of an advance OF ieSsd OH American
mlddling fair. Sales again reached the
1900 mark. showing that foreign spin
ncrs are still In the market for large
quantities OF the staple The American
markets were not iniuerced by the IA
vorabie kilograms from abroad. the re-
ports OF further rains in Texas caus!n.
n loss of few points. Speculative bust
ness was very light. total sales at New
York aud New Orleans amounting TO only
M.3Vo bales
The rains In Texas today were mainly
confined TO points along the Houston
and Texas Central. From Mexia to Dem
ison good downpour was reported.
which will no doubt DE of material bene.
Mt In that section over a large portion
of the State. however. the drouth is I'M
changed. Nearly every day a few re-
ports of rain arc received. but the
cotton bel, OF Texas covers n large are,
an" an. II wili take heavy and general
hs whole. As an Indication of the eN-
tent of the drou,h IN this state II 10
stated that the average rainfall in the
while thu rainfall during the same time
IN 1891 was $50 inches.
At todays session New York futures
opened quiet. with August 3 points up
aud other months ranging from ] point
on 10 2 points up. The general tendency
was downward soon after the opening
aud the closing was Ia points lower
than Yesterday. August opened at 7.ia.
droprod TO I III by 1880 and closed at ~
u'R, against '.i6h7.l1 Yesterday. Octo-
her sold at 6.l early in the session. but
y ~ tn a.. her I'm. an ..I.
New orlcons futures opcrrd barely
steady 10 : POINTS OF. aud closet At d
hoi decline of POINTS for the dag Au-
gust tuetuaton between d52s,6iS during
The session
The American spot markets were iull
'ni unchanged with small sales at all
ioints.
New York July The cotton mar
kc; opened quiet at an advance OF Las
paints on better English cables than had
lr.n expected. Further rams IN Texas
we're reported and the market promptly
turned weak under local pressure. There
wcs practically no outside interest A.,
there IL brace of holidays at hand the
LEGAL contingent has decided to even up
and not mach Is expected OF the market
TIL after the government, report due on
the 10Th which is expected TO throw
some light on the situation In Texas.
THE market remains very narrow and
foa'nreless Liverpool bought at thu
opening The few orders from the South
were for selling cotton The local feel
ing is bcnrish. Tho close was dun at "a
ret decline of lai points.
| New York July There was very
little business doing in any quarter nat,
the quiet nsuai to the opening day OF
July prcdomdnatcd.
| New York. July Hubbard Bros &
| cos cotton letter our market closed
dull nj the dcclin, Of the morning. The
most noticeable feature of the day has
| been the absence OF buyers. due 10 tho
| uncertainty as to the result of the election
| and the subsequent depression In bust
| nnss of oNorl character.