The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-04
COTTON MARKET REVIEW,
Another Big Drop In Spot and Future
Quotations.
TEXAS SHOWERS HELD RESPONSIBLE
August In New orleans Dropped thirty
Ono roiu,s-Ra,n Ia sun Needed
on Texas Crops.
Office Of Tho Post.

Houston, Wednesday, June =.
A fcw showers In Texas yesterday gave
the cotton plant such an improved look
to th., New York bears thu, they immc-
diatcly proceeded to knock prices silly.
The decline IN thu, market was fully equal
to tis,' OF yesterday. making the ,o,ul loss
In tho last two aoys over 81 per tNh'. LN-
crpco fully responded 10 the weakness de-
voopol on this sldc yesterday. closing TO-
day at decline of l-smI-6id on futures.
Spots were Ltd lower In the foreign mar
ket and this sharp decline caused suics
to rnch 1869 lNics. spot p,icvs were
lower IN nearly nll the American markets
and the bears seemingly had everything
their own why.
At New orleans the bulls were no, sccn
In the ring at all. Prices started on TO
IL points lower than Yesterday. the great-
est decline being on August contracts.
Quotations continued on the Down grade
throughout the session and nunl figures
were III to 81 points OF The Il points de-
cline on August was ~ surprise TO tho
ttnic, bu, II ls quite evident that there Is
disposition now to consider this n now
crop month. This is doubtless based On
the hrli"f. IA expressed by one broker.
thu, cotton blooms IN May mean cotton
hulus In July" 1t is the opinion In ToNos,
however that If cotton bales are at all
plentiful In .Iuly II viii mean thu, the crop
has hcon prematurcly forced to fruitlng by
unusually hot wcIthor and that the yield
would he n very light one IN consequence.
The lrht showers experienced at few
po.n,, In Texas yesterday haV" not
changed the situation In the state to any
material extent Southwest Texas, whore
the drouth Is mainly fcli lius not received
any rain whatever. The showers we're
con,i,,J Ia ,h. co,st .ouu,rv md n few
" Wv 49,
points III inst i'N"s I'"ln Is sun h''"-
od. and needed ladly all along the South
.,n in,lt,, oul IA, uonatnu np1 ,-cxns
central i"ilrrhds ana IN '"ct 'u' through
ont south West and Central Texas
ono OF The main reasons for the success
the fac, that there IS n gcu.nll slagna-
lion i'm business md worry lltilc A, ninnd for
-. -. ~, A.,
cotton hc''H'a' h"N'Nof' WIZ" h'@t W
nothing lodny, aud Should they continn. ut
this reto mimi, enun, aoinnors ia show
..,,.
more "HNltiy epo"' hcc"''"H s"Pp'c"'
Az IN" an'ln"i "i"'''"h or "itlc'fs 81 IN"
New York Cotton Exchange this week
.sna IL
M
u"nt, ne 'n''i ln''i't' 81 M t''' non
,cul'''u IN w, contest ior NE VIC" pins'-
h.ht lor wnich '"Iou'i W iilnt" hlhg
OF tho Iwcnty-socond regiment Nhtioi1I
thards, WAS INC 'nndio"t' pi IN" Tcsu-
lars, ana Henry Schartrr whn tn" onndi-
date of the independents Colonel King
won ens'iy.
ORLEANS picayuu.. the Iuitod statcs con-
'he Egyptian cotton crop 10 'hi COY 9lh-
mont II IL stated that thr high prices r.ui-
iaod by Egyptian cotton Growers IA IS,5-
/ S,5 fave chus.d an increase in the area
MS summer 10 tho maximum limit of The
ocuntry's Irrigation facilities ihr m-
cronye Of .,cr..tpe IS from = to q I,.r cont,
MAILING On nprr, Aiuut. tutnl III l.i5n.nlO
acres IT ~ claimed ma; the croi, yield
viii be tho c1iilvulent or / i2i 500 American
halcs the largest ever iuipcd iu in. Sic
valley.
points ia I.iv.rnooi cntfct n wens open.
ing here. the nrsi cali showing ,lrclinr Of
hu9 points - further doriho of 4a,a
points followed iilniIllipn wnB
active throughout the SeAniou rho mar
kri w,rs weak ana uusattiri. Tho favor-
uhle uhrfnotcr of tn government crop re
ish nttnIuv OF prl,utc nJvir,s rnuarjtus