The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-30
COTTON MARKET REVIEW.
Liverpool Spots aud Futures Closed
Lower.
SOME SHOWERS IN NORTH TEXAS,
The Rainfall Amounts to Ltttis. nat I,
Caused 1.owsr Prices In the
American Markets.
Office Of The Port,

itVuNOH. NtcNuON. June ~.
As WAS expected. LNerrs,l came In
lower this morning. and futures IN that
market closed Raid below saturdays final
figures. Spots were also i-;ed hover, with
sales OF 10000 bales. Reports OF showers
In North Texas SaiMduy were sufficient
to keep the American markets from ad-
vancing. and with some liquidation of long
accounts caused New York and New Or
lcors to c,ssc few points of. specula-
tive business was very light. both buying
and selling orders bcing on a limited
scale.
Tho rainfall II, Texas for the ,,ist forty
eight hours has been very little, the vol.
ume Of rsccipitat. ION bcine wholly made
uua,e even at tho points where the show
ets were reported. The market. however.
is very susceptible TO any favorable
weather r.por,s and rain kilograms m'e
always sufficient to cause a break in
prices Operators are somewhat unsettled
In their views and very few are willing
to prophesy as TO the fui,n~ course Of
prices Tho shutting down of cotton mills
in New England and in some Southern
States, and the unsatisfactory conditions
OF American trade arc very hcarish fea-
lures, but thss" are offset by the good
SPOT demand and fine trade ahrsad. as
we'll as by the drouth In Texas, which is
daily becoming mose serious.
AT tolay's session New York futures
opened quiet and easy. TO points OF
There was n partial recovery shortly after
the second call. but prices coon easod OFT
again. closing to . pants lower than
SATURDAY. August opened at liz, DROPPED
to IN, then advanced to III. and closed
nj 7.lGgi.l1. October sold at 6.o7 for the
lowest aud j.6i highest. closing Mt 6,Ssp
$50.
New Orleans opened 10 5 points off aud
closed with July points UP. and other
months TO po.nts lower than Satut day,
| August opened at col. but advanced ~
| $50 ny the closing.
Houston spots were isc lower, while New
| York. New orleans and Galveston lost
i-loc. Sales were 1898 bales at New YORK
aud llCp a, New Orleans
| Clamp A. co. OF New York SAY In their
last market letter. This season new cotton
| is expected caCiy in August instead OF
about Soptcmhrr ], az Is usual IN nrdi-
mary seasons. Most Of our correspondents
claim prospects were never better. We do
| not believe the short interests m futures
| equals that In ordinary seasons ana per
c"ive no reason why the mnn,pulation IN
| this ana the Liverpool market viii not
prove very dctrin entail to etowcrs. aud
eventually cause planters to market tho'r
cotton NJ II less pi-ic. than ever accorded.
sifCnnors viii only buy TO care fof inn
mediate necessities Stocks OF their goods
late Liverpool cable says cotton mnske ct
rotten Fall RiN"r gays can not sell goods
AT recent concessions. From our stand.
point II looks az II natural forces out
| weigh manpulativ. methods and lnwes
| prices prevail. at the expense of grower
aud spinner An old sadltion CT tho cot
| ton market is Cotton should hr bought
| in june From 1870 to 1891 'nclsiy. tho
| June price was higher than any remaining
,,me n rd ,no ,., crop , years Last year !,
was again un'ii the mijilc Of August"
| New York. juno e9.-Ti4bhard Eros. q
CO.'S cotton lmtor' The weakness Of the
| American markets on Saturday WAS re-
I f'ected in the decline In Liverpool today
and together with the showers In North
crn Texas and tho unsettled feeling in
! iina'dal circles. has brought about !,
| further decline. The market closed steady
! ~, he openeing prices, slight recovery
| from the lowest point on the huyinG oi
| August for Liverpool account. More rain
| IS needed IN Texas. but the feature Is the
lack Of buying.
! New York. June 2s-The cotton narkc,
declined 5n7 points. following unsatisfac.
tory cable reports Of rains IN sessions of
,tp- South needing moisture. An uneasy
| feeling In financial and political quarters
ndici 10 the h,i5itancy Reports that
rain IN Texas and elsewhere were mad
| cquate checked selling. The shorts were
| doing about me only business. Tho mar
kci closed at "a NJ, decline of 215 points.
New York. Juno 20 Tho produce and
cotton exchanges Will he CLOSED Friday.
| July s. in accordance WI, h vote taken
today
New York. June 2a.--rherc WIS no life
to the demand In dry goods market today.
cserthclass quite number Of OUT of
| town ma rSatH Ind mail orders for dupl1-