The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-15
COTTON MARKET REVIEW.
Liverpool Spots and Futures Show
Further Losses.
SLIGHT REACTION on THIS SIDE
Fac Active Month. Clsss . Peins o. O.
Higher - Tho outlook IL
Uncertain.
Office of The Post.
Houston, Tuesday, July II,


Houston. Tuesday, July II.
The decline IN Liverpool futures this
morning hardly came up TO bear.sh OK
peciailons and caused some uneastness
among the shorts on THE side The COW
crirg and rcal.ztng M short sales resultcd
In an advance OF . or 3 points on the
active mulths ut New York and New
Orleans. but tho reaction WAS generally
considered exceedingly SIR all. coming af-
ter three days decline. Liverpool flu.
lures closed Acid lower than yesterday
on the summer n'cMhs. while the late
months lest ~ 6tduS-6ld. Spots were
l led down in tho foreign market. with
sales again confined 10 1900 bales.
While the sentiment in tn. market cen
tiers Ia still decidedly bear.sh. many
traders believe that those who are count
ing upon much lower prices will soon
realize their mistake. The bulls cont nd
that 1t Is foolish to expect cotton 90 go
below cents bef,re there is ANYTHING
certain n regard IN the next crop. They
Point ITO the fact that when the Judy con-
dilion OF COTTON was reported by the ag-i-
cultural bureau as the finest ever known
un 1860, by August 1 1t had dcteriorated
points. by September IA points. and by
the LIST Of October % points There are
three months yet 10 pass through before
the crop can be estimated with amy de-
gree of accuracy whatsoever. They also
say that comparisons with 1894 are per-
iccily Ridiculous as prices did not reach
cents that year until the latter part of
october: that while the supply on July n
OF that year was over 100000 bales great
or than M pre.en, and the crop prospe is
just AS flattering. the price OF October
cotton was 70 points higher than now.
The most bcarish feature is the gener.,ily
,,,,,,a ,,,,,. -. -, -, 49,, 49,
""'''.c" e"'"'''o" VI u'"" "'" 'ho ~
tromcly low prices prevailing OH I'LL other
produus.
a, ,,,,. p. >, v,. e,,,
Nv ''""' ec''o' NVw A".N i"'"'ea
opened with the near months posm eff
and the distant positions / point up.
'"o'c WIS "'t'"'o W Il ~" Po'"ua va
al months carly In rhc day. but the
shorts began to cover and caused prices
.e ''''
up. the greatest advance being on tho
summer months. August opened a, C.79.
Vr'." '" w. '">'' w. "''"'''
October sold Ut $50 shortly after tho opeu-
.nE call. but advanced to 6.1 and closed
al 6S5u6.3J.
New Orleans futures opened with very
lulc change from yesterdays figrre4.
and made only slight fluctuations
thiUushout the session. August opened
al b.... dropped TO W.. out c.sseu "a s.- =,
o.zb. against o'lSuols yesNruay. peiooer
the leading American spot markets
s "Iss a u" nj no,nts WIN ''@
Clapp Il Co, OF New YORK say IN men
last iet'er; oiui,@'My '"c nun''s,icAr
a uig anNAhec 4. 10 N.Y. msA :" '@nv 80 w
h!uvh STOCK VI iieuies ~ , ~ ~ ~, s,'o ~ I.
ai.e' PIE IuI', ~ n, .ny' ~, w., nv,
won may iuu't "''H rc,., In wa,.w ia ~.
seaS"ms y mas nsppe.e ,a, ,S fo ,r ,n,ni,,',
tlou no play IN Important part in dic;at-
Ing values. especially II many OF the rnu-
ical weather CHAM see possIpic oGc'iT ,, uu,
says he expects to see the crop estimnte
cut down TO $4,000 bales during Augls,.
ana me L.verpHol prices "nwn ,,, ., MI"
=" p',ncs' ,, 49, 'o' Eorsinn spinn.rs
larry Eoou p"yet,n ccona aned ma
oppressive nnycrs- we believe cotton
"''' 10
Nn,y York Juiy H-IIubbard Bros e.
,s,,I n,. ,,,,,., ,,oso,
-" e'..~' ....''.'', g., ,n,,,,.,,
..eaay W.T." .ne ''nproVcr"sm, IN Mus" s
,.. u, A,.,,,,., IA duo ., .nyth,,g roy.
vance =" "us"'' ~ "us =" "", ,",'e "
Than the covering OF shoits WIN pc snow
~ the volume of exports IRON our et"ck'
Trade expects reaction IN Liverpool TO-
morrow.
w., WI, ,.,., =, nh. .o,,n, marriott
New fnrR. July 9'-i"e c"''o'' '".''"'.
opened steady with prices unchanged TO I
ro,n, b.,her I.,ou,d,taon carriod August
p''"' ".S"''' 49, -
DOWN ~ points; put Nhnt inontn rail-
~, NH si'Seu al -, rnngsr han fnr some
.inie b"t !. MAS nhin'c"pis" Wy ,r ~. M.
ness OF me "ry eooIs '"aanua. my U.s. on,a