The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-30
COTTON MARKET REVIEW.
Slight Decline at New York and
New Orleans.
CROP ACCOUNTS RULE TIE MARKET
VIII Prove tho MoAt Important Facts
From Now On spot Markets
Aic Dali.
Office of The Post.

Office of The Post,
Houston. Friday. May 20
Tho American cotton markets we're
quite active FOR "a while today. though
closing few points lower than yestcr-
day The bulls seem 10 believe that l.tv-
cipool Will show some Improvement after
ihc Whttsuntide holidays, despite tho
generally favorable crop accounts. II liz
claimed that Manchester trade is good
and that in all direction in Europe the
dcna,ld for cotton Is such as to make 1t
probable that the supply will, he very
small a, the end OF the season abroad
as well rs in this country.
Fhc supply and demand statistics, how
ever. have been used for about all they
are worth IN hullius, tn. market aud from
now on crop accounts viii prove the
believe that the new crop prospects, have
been too rapidly discounted leaving the
ni'trNcl Suhlvrt To sharp reaction on the
appearance ri any crop iovcrSrs Among
.nr crop FEATURES now under discussion ia
tht prospect of "A drouth III Texas At
many points eNoryihing is reported as
IrN as Il bone already. There IL a rrca,
urai OF moisture in the ground however
ail,r the unusually heavy spriug rains
ami oven week on two norc OF the ,rrs-
,nl weather would probably cause no
s'f"WN damage. But should the dry
season continue nntil the middl, of June
ne outlook would be decided, unfayor-
able
Al icday's session New York futures
opened easN, . to . points lower thnn yes.
ier'iay. There was nun recovery vt this
los, loss turing zee day, but decline set
oi To- points on July and August.
Wul'r ~, new crop ranged to points
lo ~ .hnn yesterday August. sold at
gust contracts IN New York are now %
n'lnts lower than at the end of last
New orleans futures opened uuiu,. . To
rvinis on All NJ this loss wa recovered
lur'ng IN" session. with an advance OF
f,w points, hut the closing was prac-
'H'H'N ~ yesterdays heulrs for the sim
mer months while IN. distant posit ions
showed decline or . 10 points Au-
gust onnnci at 1904 ~ New orleans
futures Rom range from l6 to o. roints
lower than the prices prevailing a week
The SPOT markets. were dun aud quiet
it nenily all points. Houston and Gal
weston quotations are nominal
Houston exnccis 40 to Sno bales toner.
row. against Sl7 ON the same day last
year The siima;c at New Orleans IL
fo, l0,1 to 100 against i6Dp
Tho Houston Cotton Exchange will he
closed tomorrow. on account, OF Decora-
'on bay witch viii also be observed In
Al the other American cotton markets
I"inoirow q liltew 'sr holiday ia l.N or
pool. on account a., tn. Whitsuntd. oh
s'isnucr aud consequently no reports VIII
be- sent or received Al any OF tn, markets.
Stocks OF print cloths In all markets at
the end of las, week were /. 700 oon pieces.
against 25i,rp pieces a year ago
In connection With the growth of the
Japanese cotton industry the New Work
Journal Of Commerce states that a lap
aiicso gentleman has inst sailed from
England after having left orders with
loca' rms for thu equipment of siA mills
IN Japan. ranging from II. 100 to iO.epD spin
dies 'hth. Ia addition to this nm order
has been placed for 1909 looms with Ian
casnirr hrm.
Now York. May ~. Weather rcports by
te'srrnrh to the Commercial and tnnn-
cinl rhronicl" this evening dcnu,c that
dry weather has prevailed over the great
or part Of thu Southwest the past wenk.
and iha, a, mos, poinis In Texas rain
Is uoednd. From other sections oi the
South however. our ndvicrs are quite
satisfactory Along the Atlantic the crop
haa been grady honehrd AT many
points by the rims which hive fallen.
In the Gulf states ana Tcnno soc cotton
rs g,nrrai,y in rxcrllen' condition ana
more advanced than last year our Menu
phis correspondent reports tn. receipt al
the first bloom on "Wednesday last. the
earliest on record nj that point. i)nmas"
rs worms Is complained ii In Brazos
county To~ns,
New York, May % ilnhinrd Bros &
cog cotton l"iirr says; The pressure 10
sod he rev crop deliveries continues I'M
uhatci. Tho positions have shown tn.
greatest ,vr,lsn.ss during The buying OF
The irms identified with ginning AMI OK
tIr.fiphtmi a. Tho
market sold on una = The large offerings
Of u heavy scllor In tho morning, losing
stenrN .i about the lowest Prices Of the
day T"lcpirfns hive been received today
from Souihw,i Texas complaining Of
dronth, but arr without effect upon prices.
opened easy anl ruled p.nerally weak.
q, lining 2sI1 npinis in the absence of
cables aud under general fivornbic crop
accounts. The market reacted partially on
rovrrinL- Finding was light German
firms sold Tlc buying was scni,ered The
market clusod stondy with 81 net decline
Of lnd points. except for Juno. which adj
yancod points
Now York. May - -Today's dry goods
mHrko; was very quiet one aud "niy
. moderate volume Of business was done,
Printing cloths were quirt ~ ~ win
sales Of the week legs than 5000 pieces.
Kew York. May 20 Weekly. Set re
Britain 3oip France NJ continent ~.
Forward 2sg5 Ha,cs SoS2. summers io1s.
Now Orleans La. MAY 90 Wcckly Net
rroolpis 1900 gross e5l5: exports 10 Great
Britain 9"7 continent, 9ji4. coastwise.
1859; sales, 1850.
COTTON.
HOUSTON DAILY sTATTMENT.
This pav ia'day, Las, Year