The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-24
COTTON MARKET REVIEW.
liverpool Futures Closed Barely
Steady aud Lower.
DULL AND uNIN1EREsTlNG SESSION.
the Masketa Appear Nervous and sudde"
Changea Are LIkely = Outlish
and Beariah Fac,a
ofncc Of The Post.

cotton had anothte listlcss day OF IT.
II anything, The markets wcrc dt'ller ana
loss Interesting than yesterday. LivcrpoN
futures were q point or 10 UP on the OPEN
ing call. but soon cascd of ana clofsi
barely steady. ia-6i isfi-6id lower than
Mondays final figures. New York ana
New Orleans futMcs lost 7Ile points Tor
tho day. The SPOT mnrkcts were nearly
all ,iuil and unchanged. though New Or.
leans declined Lice. Spot sales at Liv-
crraol continue at the rate OF 10000 bales
n day. which is one of the most cncour-
aging features uf tho foreign situation.
The American markets. are very nervous.
and IL is the general belief that a. sudden
change ono why or the other Is immirrnt.
Among tho bcar!sh features are dull trade,
lowest prices on dry goods known for
years. uncertain politics. larger receipts of
uatton than AT this tAmc last year. weak
ness Of Wall street and a poor demand Cor
cotton from sIsnncrs Tho buillsh facts
are an ovcrsold speculative market. very
sinai, visible supply. better exports than
at this timo last year, good trade abrond.
large p,achascs at Manchester and Liver
pool and uncertainty In regard 10 the next
crop. In addition 10 this the drouth In
Texas Is unhroken. reports of too much
rain come from Alabama, While Arkunsas.
Mississippi and other States complain OF
cdJl nights and 0sprcdating insects
At today's session New Ycsk futures
opened steady at II decline of I to 4
points. ny noon the loss had been In
creased and the closing was TN II points
lower than yesterday, August opened at
7sa. dropped To 7c5, then advanced to 7.al.
hut closed at 7.?ba7?s. against 73ami3s
yesterday. Oct,ber sold at 6.7s for the
highest and closed at 66od67o. against
G76dfe.77 the day before.
New Orleans futures opened barely
steady. prices ranging from unchanged on
June and July to 10 points off on January
and February. The clcsirg was & 10 .
points lower than yesterday. August
opened at s.65. sold down In Goo hut closed
at 66sHt6.6a, compared with 6.s7Gi6.6o for
Yesterdays final fg,irrs.
II is reported that u paper is being e.
cNlatcd afnong Fall River n,anufac tur,as.
with tho object of securing adhesion tn q
projected shut down Of every other week
during July md August. II ia no, shown
how tho proposition Ia being received.
Mr.. Frank Cargii. scnuor member Of
tho we'll known brokerage firm of cargii1
& Richardson, left this evening for Gal
New York He IL accompanied by Mr..
G. VI. Robinson, ono OF liouston's ptom'-
ncnt cotton seed oil men. After arriving
n, New York these gentlemen will begin
summers onting. taking TN numerous
Eastern resorts ana returning To Houston
about August !.
New Orleans letter dated June %.
snys: Trading continues on a very limited
scale and operators arc doing little OF
nothing for the momont. sellers betty
afraid on account of tho dry weather IN
Texas. while buyers nae not anxious To
increase their holdings In the face OF the
political and financial uncertainties, To-
gcthor with the unsatisfactory trade out
hook in this country. The Texas weather
will continue to exert tho main influence
on values for Tho present.
New York. juno 23.--1.iqutfation on dis
tant deliveries. Induced by more favor
able crop reports and ndvic9s of rains In
Louisiana and parts Of Texas. broke the
cotton market quito sharply early. Later
some reaction interviewed and broke the
pressure the long stun. The market
was heavy and the close was about the
lowest of the day nj 10 10 points do
cline. Cables were quiet. Distant dcllv-
cTcs were weak influenced more actively
by crop conditions than near by months.