The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-28
COTTON MARKET REVIEW.
liverpool Is More Bearlsh Thai
Heretofore.
NEW YORK IS EASILY EXCITED.
spite Liverpooi's Decline - Aueuss
Cotton SIN ~ rsemium.
orice Of The Poet:

Houston, Monday. July "a.
Llvcrrcol IL bearsh under ail circum-
stances, but twst at this time that mar
ket Is hainmering prices with unusual
vigor. The Foreigners have evidently be.
come possessed OF the idea that they will
be- able TO hwy cotton at their own price
this fall and do not neglect any oppor,un.
tty to knock OF "a few points OH future
delivery quotations. ltpht on top OF Snt.
WiNlay's decline, Liverpool futures opened
with lower prices this morning and closed
2is-6id@S-6,d on. Spots were also l-3sd
lower, and sales were only 5000 bales.
New York. on the other hand. Is tho
most huilish market in the world Mt this
limo. The bears say II IL pure cusscdncss
or nervousness. however. rather than amy
bulfsh belief. Anyway, tho leading Amer
lean market Is managing to hold up prices
very we'll. considering the Influences that
are being brought TO bear against II. De
spite the continued decline at Liverpool.
Now York futures today closed about 6
points higher than Saturday. Now Or
leans ldsurely followed New York's lead,
and managed TO gain about points over
Saturday. Both markets were several
points off early in the day. and the ad-
vance was all the moro noticeable on
that account.
This was tender day In New York and
the strcnEih of August IN that market
wax much commented upon. September
continues 10 range ~ points below August.
whereas under ordinary conditions tho
difference would only he r or 4 points.
This evidently means that traders arc
still afraid that the unsold interest In
August may yet develop into a squeeze.
have been rumors that the owners of
the 9oc0 bales IN stock at New York have
agreed with Mr.. lnman. who holds tho
bulk OF The outstanding contwlcts. bought
at much higher figures than present prices,
not to deliver tho cotton on them. This Is
merely report, but should II prove true
there might he music In tn. air for the
next thirty days.
AT today's session New York futures
opened oasy, August selling ut 6,S7. Short
~ after tho opening August touched G.s6
and nuctnatod between csc and GSs until
$50 After this there WAS n rapid advance
to 696 and the closing WIS ut COS. against
$50 Saturday. October sold nj 6,26 carly
In the session, but reached G.3s by tho
close.
New Orleans futures opened barely
steady. with August selling ut GIL. ON
tho second call GIG was bid. but no further
sale WINS made until Just before tho close,
when $50 was obtained The closing caH
was 6.22M6%, against G.2lnG22 Saturday.
October sold mt 500 early in the session,
but reached COS by 2;i3 The closing was
Mt 6O0TG.02 against hg7MhaS Saturday.
,,,...., ,.. ,,
f"st i"ies ar" peSihhihs 10 DC mo-
notonors. and nothing less than 100 bales
VI Nv" '''''' VII o'" '"'net "o"i" W.
tract much attention now. Houston re-
u"vo" syn new pa'eh ,ouns. na'ves'oh
n.ffe. Memphis two and New Orleans ono
Sinner, In Iavaoa county. sold eighty
d. ,,,,, ,..i.. ,a,, ,.,,.t ,.na ,oo ha,a.
I'VE I'VE new na'es 'n m Weeh, ana ~" Dates
,g,, ginncu az i'esviin, IN zee county.
brisk by the end of the week.
Wa. y.,, ,,,,,. ~ MI. ,y,,o ,r,o.
.,,'n, ' ~, ~, ,,,,," "a, o0,t no,,,"a AN
nctive positions aud closed steady NJ a
ne, advance of 6fi7 points Tho early
weakness was tho result OF unfuvornblo
English adviccs. which were particularly
iisappointing ns TO tho sales IN LIverpoal'
ports. which alarmed the shorts and
a brisk demand for covering Poor
,iop acr2,,i,ts from va r,rons, p"I, rc,ud
iesas co M ssiss,ep a an " nv sro,,th iiec
ana rust were supplementrn ny ruinors
Of August manipuiation, ms,Kin ,h ~" n' aas
,nlsersm.'Vv o,, W" 1919 '..nd 70 advanrA
v he rest Il" Of H IKE list t'''' '"' "
No., v ,,,,,, ~ r,,,,horN r,,oa NAV
N cny, ,O'"' , us ,narlxri has been intin
=, mood d' bw the poor crop adyiccs contn'ned |
N ihe mail this morning from the Mis-
a AL. mt tafn
O fsliow the situation abroad. The trade |
,ct.rns dispn,od TO regard the situation "a |