The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-05
COTTON MARKET REVIEW.
The Chronicles Acreage Estimate
Caused an Advance.
ONLY A TWELVE PER CENT INCREASE.
Over Last Ysar-A Mig spot Busineaa ~
L'vcrrooi--rhe Dry Weather
In Texas.
Ofiicc OF Tho Post.
Houston. Thursday. June 4.

Ofiicc OF The Post.
Houston. Thursday. June 4.
The Financial Chronicles report, csti-
mating an acreage less than In 1894 and
only ls,g greater than IN 1884, was given
az the ,~ausc Of an advance OF or ].
points In the American markets today.
Liverpool futures also made gain toward
the close, although the opening was ut
decline. Futures IN the foreign market
were N.n3 points M on the las, eau. With
a firm tone. Liverpool spots were S-S?d
lower, hut a biz business WIZ done on the
decline, sales reaching $1,000 bales
Tclcgrnms from Taylor. Smithvillc. Fla
tona. Richmond. Dallas and several 9TH
ar points In Texas reported the wcau II
clcur and hot today. \ local mcssa
from a we'll known cotton buyer WI q la, !,
been through Southern Texas stated. lcwy
ever. that prospects Were fine and thna
cotton could do without rain for two
weeks longer. This report does no, coln-
eide with statements made by correspond
onts at II number OF towns In tia. soc
ton, who claim tina, the plant Is sor,ly
in need OF moisture aud must have II
within a very few days IN order ,c tiiivc.
New York futures oicncd steady lara
points UP and closed very steady IuS points
higher than yesterday. August sold nj
7.,2 on the opening call bu, ae''nqned to
7.a during the Session. Tho eirs.nk was
at Tlap,.sN. against 7.tsnI.i3 the day he
fore. October sold at $50 for tho lowest
and GSl highest,
New orleans futures were to points
UP at the opening und closed 10 10 II
points higher than yesterday. August he
kan at dSS reached s.os Ivy 10 O'Clock. then
dropped to 6.aa. advanced again ond closed
nt CPS. against G.S6N6N yesterday.
Spot prices were lii lower at Houston
New orleans aud Memphis. The demand
WAS reported light and sales small.
The Financial Chronicles estimate of
the cotton acreage for lSl6 ~ per tole-
graphic reports received today. is n. OH
bi5 acres, The Chronicles estimate OF tho
acreage for 1895 in Ats report issued June y
last year was l7.,67, G63 acres showing hn
Increase this year of 2.eSg.s,2. That papers
1884 acreage was ~ lG,st7 which would
make its estimate for this season abou,
900" acres less than year before last.
carRil ~ Richardson received tho fol.
lowing letter from w V. King OF New
York under date OF juno l.. outside ot
Western TrNas and n portion of MsHis-
silI' the crop outlook Is hne, Judging
from reports received. TIL. general con-
dtlon a, the moment Is that the crop IL
any where from ten days to two weeks
earlier than for some years past. I'M.
causes weakness In tho new crop months,
and II the outlook continues favorable Is
apt to cause lower prices. Al the same
time. regard next crop months as sell
ng reasonably low and would rot care to
En short until the crop Is more definitely
n's.red. Tor amy crop scare would cause
sLarl advance because OF the large out
New York. June i-Iubbard Bros cot
ton letter says; Liverpool showed today
the effects of the buying by Manchester
spinncrs. who have taken during tho pnm
few days no, only II large amour, OF
cotton on the spot. but have also taken n
larg" iuin,c ini'reHi. The purchases to-
that the nrreurc woiild show only nn in
crease az ~ per cent compared with
last season. whcr" an estimate al from
~ to 20 per cent Ind been expected. hal
the effect of closing thn market at. an al
ynpc" of 3-lGd over the lowest price Of tnc
day
The temper of our market however, re-
mains hnaiish. hnscd on the uncertainty
throughout the country. No general rain
has fallen I'm Texas. though throughout
the Atlantic States the rainfall Inns been
heavy. We have yet to learn what effect
n" Chronicles oslimnte Will have upon
American cumpoitora have allowed their
supplies TO fail 10 low point.
1pufnE llc afternoon the absence OF sell
Ing pressure was noticeable. and the
market closed steady AT about the best
prices 81 tho day. The market appears
to have n better undnrtonr than for some
time past based on the evident DISPOSE
lion Of shippers TO accumulate cotton on
the haHis of present prices
New York Jane The cotton market
op'ucd nj mn advance Of lclj points fur
thei advanced 5lf1 points and closed very
steady Mt a net advance OF 7Ts points
The advance was started by increased
activity In spot GOTTEN and higher prices
on active buy.ns by shorts and renewed
interest In Investment The mixed con-
'litions OF politics and agitation OF the
cure ncy question helped the ris" Now
IN 'h's nhrh~' enry Ia the session. Tho
throncle's snocal acreage r"rort places
the acreage tiis year At 20075.oJ0 aHainst
lTl6',oJ last year and %, io7 600 In issi-'ss.
New York. June 4-Thc demand FOR
staple cctlons in tho dry goods market
was Irregular and gen ally for ANAL
Quantities. Co'1"el ro,tons lpict pr.nis
i'aple md fancy ginghams quot. Wooden
goods slow
The following tclcerams wore received
Icy carpili q Rirnnrlsun today.
Ncv York. 1910 4. M. Advance on,rcl
Dcn't bollcve in T. sondhelm.
New York 1880 ~. m.-chronclcs acre
aec IL per cent inrrease. Expect will
causc market TO improve. King.
New orleans, HES "A. m.--Bombay re-
coiris 1900 against G7.ns las, year a,ii
against '7hcoo In iSeb and $500 in 1874,
Elein. Texas. June s.-.Co,ton crop pros
poets n Southwest territory are me, No
~ IN needed fer TWO weeks. a. Breycr.