The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-03
COTTON MARKET REVIEW.
Sharp Declines at New York and
New Orleans.
THE RESULT or 4 SWIFT BEAR RAID


| Ofiicc of Tho rast,
Houston, Tuesday. June ..
| Tho attempt 70 eve the shorts a frigh,
| by drouth reports from Texas proved a
flat Failure, Prices declined 10 to Is points
| n, New York and New orleans today.
sales being The largest rocorLco FOR some
time past. Liverpool futures were ,s-s,i
| mp at enc time, but sacn easca OF ami
clos'el 's-dii lower than v, :oraay. Spot
prices In the foreign markc, were i-sgi
higher with sales OF lo.oon bales Tho
foreign udvircs On the whole were rather
| faNorah,c ard tho weakness of tho Amer
ican markets was donh,loss caused Ivy a
bear N,ii nnd ,hc absence OF the usual
| hull manipulation.
There has been practically no change
| In tho weather conditions tn T,.Nas during
| the past twomty-fam hours. few 10.
calt,ios reported light show ,rs. hui az a
seneral thing The weather continues hot
and dry with the o>ecption nf thcec
drouih reports from Texas tho ouilooi,
| thrcughout the c,t,ou belt is unusunllv
favorable. ani doubtless cxplaina the bod
moss Of the mort soiing today It il niso
| believed that the weather bureau r.nori
| Ia June only. viii show ihc ln,s, cpndi-
iion for several years past. conlinna.
| ''7n of thu dry weather IN Tr>As fnr soy
oral days LONGER. however. would cause I'm.
TRADE 40 dsreeard an reports base anon
conditions prior to this month. ana doubt
less siN' Tho hnlls q chance.
| New York futures .rrncd ? 10 polnf~
on hat soon t.ck II downward turn rriees
were 80 points off on tho second ,,,l
am closed barely steady, IL to II points
lower ,han Yesterday. angus, sold AZ 7.7s
'al.N ln tho session hut clnscd abam 80
Icints lower. October pc,tcd at fn9 nvI
olps'i At 6ss, decline OF 10 points foi
New orleans futures opened baroiv
N,l,'' "lih The near positions few
iui"', W. aNi the n"w crop to nolnis|
on, l'rlros Wcf" soon several points down
"a All positlo AMI tho closing was M a
loss of to L. points
and i-lfc on n, Houston md New orleans
Sales were small
'lapr q Co give the following statistics
ana comparisons in their Last mntltct lot
ter. "Th" nve crops of 1881 aud i,N, IN.
elusive averaged ob11. i29 bales, or u t,tnl
of a2SHt-oiS haies. The CROPS OF 1871 la
1875 inclusive, win average sos, 1876 bales,
or 'qual 10 iol75,seo bales iio;nbay re-
acipls since September have been iNr,mo
bales. or more than over grown in India
In any oun year. Moxnnira rocelir
were 5.iSs 600 cantarg tnS pourdy) OF about
i.GIi.@o bales OF M pounds or more than
EGYPT ever delivered There in N. year
~ 1879 The Nsa.hl" was rciincrr' tc ~ lS.|
aloF " do nor bclirVe the vur,a'a VIZ
llic this season viii hc reduced Srptanl-
Der To the minimum point of lSS. and
iip bel We fu1uurra demands WIFI be- VII
usually small the nrNt hundred days. aud
fnl 80
ncnis. and tiin' tn hull sentiment and
nhripulaivc sp'rit has abcu; run iis race.
Now York cotton futures uNaIlly range
y 10 30 points above New ptieunH. TIN az |
f'ien 20 recently averaged ~ to i5 p1in'r !
iJvffp ol les ordinarily h"low cur iariiy. !
ana is uow when charges are added 1,rt- |
orally IN midsummer new cotton .uturcH !
command prem ,ln Of to Il paints per
month. or or haaiH nj ahaul - a.. ~ a !
pound prr year f0r charges. KocDn' man- |
lpuai on has thwsric1 tbs cuNpm. and
August recently gold 50 points higher thnu |
autumn deliveries.
Vi ~ lugcr supplca ia other cotton !
countries. dnrrcRs NC iomAni for rnitnn |
goods. unusually large hnppiica in rpiu- |
n"rs INA johhfrs' hands don lt'- hay |
Ing LOO 100 pieces, against S.pnn lls; ycar |
m'ls shutting Dawn. prlrrs hlRhrr than |
ANYTHING clio that grows IN orr hcles !
crop fr sp"ris .eod. nrlcnge large, and
promiee OF early crop THIS nro.ih,nthl |
Nfhr wo perceive no re:4lu why cotton |
VIII not decline cotton blooms IA May
moan cotton bales In July"
In mentioning the spo, sales Of only soGo
bales at Liverpool Monday. T.. q. Gilbert
y co. of New Orleans say. This action !
n the sp5i market was somewhat sur
prsng. since p,osa advisor stated That
at meeting in Manchester composed of /
manufacturers representing over Glhno) /
rpira'cH II Was nsorrnincd that M whole
proeaetion ~ engaged iii ihr end Of ser
tembcr and 'ilnt there nrc M stoaks n
fh.R Information " o1rr"ct. n would seem
or though = batter ,emunn lor til" raw
situation iails 10 Indicate such condition
Of Affair.". II Is possible thui such state
menis may be ISSUED for olir . 10 aasisi
manufacturers IN working OF ihcir surplue
stocks.
Ncrv York juno 2 Hubbard Bros. 81
con- cotton lntior i,iys, Afinr the o,oning
of our marhff Liverpool WAX IN, 'firl ly
thc ri4p r'forl Of Messrs. nm rontaiuo
cp nf N"mphs. catiass Ling the Increase
nfn, and hy rumprs 0f ruin IN TrSrs, this
nsi rnnpr rot iring confirmed by the
i''r0nl '"rNi'" bnrl'u. our nhrl'"' r.osol
heavy under isrgo selling orders for
Sphiieru account with osport Interests
buying, - n ,igh the premium on AUgust
long Hropnn' in tloi position wDs the
married feature OF the afternoon,
NV York. Jpnc 2 The -iton market
opened AZ an Vance pf 2nS points fol-
loving n more favorable cIasr of Engiisii
r"ws nan was looked for. Imiunlir,ciy
the narlt"t turned worry wonk under nlrr
adverse calc- ana reports 81 rb ms whore
u ,1ci IN Texas. Loujtiann. Missi- 'Appi
and Alabama. LigulI tiions became KAN
F., raj and active THO hparH wora tsgrrs,-
I've ApgLst contracts dnclinod % polnts
from he hi.hcs' and the rest ~ the
list sold Oft ~ proportion. IL whola
market closed barely steady at IA net losH
Ol Nfii points.
New York June 2 As usna, on Tuos-
day this Was puio ia. ~ iho way Of
dry goods rs no malls WE'RE rccriv ID from
tho moro important or the int FLOR. ''here
was Il soG1 con;ing M Of no" buy RI
present. Tho demand for general mer-