The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-13
COTTON MARKET REVIEW.
A Steady Tone and an Advancin ina
Tendency.
SUMNER MONTHS ARE STRONGEST.
Duo to the statisticai Position and reat
OF Manipuiattou- -Chaugcs for
the Week.
MINER MONTHS ARE STRONGEST.
oricc &c The rost,

Houston, Friday, juno u
There was no especial activity in sny
Of the cotton markets to-day. In, a steady
tone prevailed and prices were advanced
several points. Liverpool futures were
S-din5 i-2-6id up AT one time. and closed
ws.h the near markets i-s-GlfS-6'd high
er than yesterday, and the distant posi-
lions l-e-stir, sid mp. Spo, prices were
6-ia higher and spo. sacr ii.eoo bales
Liverpool spot sales We're SD.oe1 for the
past week. AGAINST 1000 the corresponding
week last year.
The sumer months are again exhibiting
strength in the American markets. and
tho shorts are on the watch Tor another
squeeze. The Chronicles figures ,omor-
row are expected 20 show IA big decline
IN the worlds visible supply. and the
strength Of Tho statistical position Ia Mt
tracing renewed attention The good
business that has been done abroad re.
Gently has served TO decrease the foreign
supply considerably. aud j; Is freely pro
dscicd eAat Europe win not have over 80 -
on bales Of American cotton available hv
the end of the season ON the o.hcr hnud.
business In this country Is a, a standstili
several mills have cur,ni.rd production
print cloths are down to Else. and there
Is very LITTLE demand for spo, cotton.
Al today's session. New York futures
opened steady. to : points UP There
was a sharp decline after the first call
which was soon recovered and closing
prices were TO points mp on the sum-
NOR months and about point higher
than yesterday on the nav crop ,iclvrrics
August or'ned ni 72a, dropped to 40.
then reacted AMI closed at 7eSr1 ~
AGAINST 72G yes."rday October sold AT
thS for tho lowest and 6Gi highest.
New orleans futures opened bnrcly
steady, n, nm advance of about point.
Prices were very weak aud lowcr early
in 'ho session, but soon took an upward
turn. The summer months rlosci to
10 points higher than yesterdiy. and the
distant positions To points lr August
sold ut SO on tho opening dropped To
e3i by a:3o. .hcu reacted aud closed a.
6sias.Sl, against sJSfiG.-a yesterday.
Compared with prices railing "A week
ago. August deliveries in Sow York show
decline of % points and are ~ points
lower thnn "A; the beginning of the month
October NJ Nnw York Is - points hollow
last Fridays quotations nnd ~ points
lowcr than on June l. Angus, nj New
Orleans shows decline of 70 points for
the week and 10 for tho month October
in the Same market has lost 10 points
since Friday and 10 since the lat. New
York spo's arc S-l6c lower than II week
ago and o-lSc below thc prices iling June
]. New orleans spots show a loss of lie
for tho week and L. since the beginning
OF the month, Midilng cotton Al Hons
ton is now i5-i6c, against 3-i6c last
Friday and T 3-S ON June >.
New York. Juno II Tho o,tton market
opcnc1 stoady At an advance of aa5 points
on covering following large spot snics at
Liverpool. Weakened later under adverse
cables and reports Of rains IN Texas. a
dccllne Of l-lGc in print oloihs nj Fan
l}iNor ami unfavorahle reports from dry
goods markets generally. iusu"ss wa.
only moderately active. Market closed
very steady al II net advance OF / to 3
points.
New York June L. Hubbard Bros Il
Co.'S cotton letter: Manchester nub the
continue to buy cotton lmoiy. |
their takings today being the largest Tor
many mlnths, and II advance the Liver |
pool market sharply In face of the apathy
In America. Locally the markei fails to
respond either TO good or bad influence ana |
remains quiet ana practically unchanged |
Although m, market closed stcady IA
about the best prices OF ih" day. The out |
side interests expect a lower Livcrurol |
markr, N tlis morning. based upon the
favorable weather rrpoit IN the |
Chronicle. TIL continued oNpor, to The |
sustain the active demand for cotton IN
Liverpool. which s now the cheapes, mar
kct
I'll Inn. ~ .1If hk