The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-28
MARKET REVIEW.
The American Markets Closed ct q
Decline.
FACTS AND FIGURES ARE BuLLlSH.
The Livcrpool sposa and Failures Were
Highcr-BtE Decrease In worlds
viaibie supply.

Liverpool spots and futures made good
gains today. the worlds visible supply
figures were extremely builsh and tho
Chronicles weather report showed a vary
unfaNorablc condition prevailing In the
greater portion of the cotton belt. On
tho strength of shese facts and figures
the American markets opened Mt ain ad-
varcc. but soon broke and closed several
points lower than Saturday.
No reason for the decline was given
in teicsraphic adviocs to local houses. and
1t came as complete surprise TO tho
trade. Tho Chronicles figures OF tho
worlds visible supply showed IA loss of
lso.5ss bales during the week. against a
decrease of only 9o.59o for the correspond
Ing week last year Tho supply IL now
l.iS6.qSi bales less than at this timo In
1895
Weather reports from Texas towns
continue upon the sam. line AS heretofore
dry. hot and dusty. There are pros
poets of rain ait u few points between
now and Monday. but the majority of
correspondents state tho outlook Is FOR
another week of dry weather.
At today's session New York futures
opend q,rot and firm. to points up.
The market began to case Oft soon
after tho opening and by the closinS call
prices were 10 , points lower than yes
terday. August opened at 80. dropped to
7.2s by II o'clock and closed a, T.lSTi TO-
against I.a5I726 yesterday. October sold
at 6.,5 for the highest and closed AT 6si
@665.
New Orleans futures opened steady l
to 8 points up and closed Z to points
lower ihan yesterday. August opened at
Cos, and dropped TO 6.55 by the closing
call.
The American spot markets wcrc dull
with "a lower tendency. Houston lost Nc
and Galveston l-Itc.
Although the hot and dry weather pre-
vadling Tor tho past six or eight weeks
has caused The cotton plant to fruit
earlier than undcr ordinary circun-
stances. there are vat no indicaLions
OF tho first Texas bale In 1894 Houston
received the first bale on June % and
in 1893 on June 80. Last year Galveston
captured The first bale on July .. In 1891
The first bale arrived at Houston by July
and In 1892 by July II. The 1924 record
was not cqualed this year and II Is very
likely that the 1898 date viii also be
passed before the new cotton arrives upon
the market this season.
The Liverpool Daily Post in recent
issue says: Before contemplating yield
al a,coq.on bales, IT Is Important to bear
In mind that the session has only Just
started. and that with continued drouth
Ia Texas the total might be cut down to
| a littka over 100000 bales"
Price, Mccormick n Co.'S circular letter
says: ''until tho season has sufficiently
| advanced to enable Tie trade to form u
more accurate View with regard to the
| uiiGmate Yield, II would seem that cur
rent prices about discoun, ali the uniavor-
aa,Ie Factors In tho situation. and that I'M
favorable advices from mo South with re-
than ilkciv 60 md Expression in tempo
raITly higher prices mt least"
New York. June H.-'rhe day in tho dry
goods market closed very week. as tile
demand. stimulated for blcachcd cot tons
by reduced prices. having been supplied,
both local and ONT OF town merchants nrc
indisposod 10 do anything unttl aan-an-
nual accounts nre closed The best feat
| nra of the situation is that many cotton
mills, Will shut down today aud that II
for four weeks during July and August
| has betn announced. The reduced pro-
durtion resulting therefrOm must have n
good effect on values. Printing cloths
| dun Mt 27-l5.
New York. june T-Huuhbard, Bros, &
provemen, in the foreign markets nni
| continued drouth in Texas the market d.
cirod. closing easy at tho lowest pi'res
Of the day. The reason for thiss deciine
| was the absence or any buyers except tho
local interest and tho reason for the lack
OF buyers IL the unsettled feeling In the
country regarding the political md bust
ness outlook.
| New York. juno 1.-THE opening OF the
cotton market was quiet and firm mt