The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-10
COTTON MARKET REVIEW.
Liverpool Spots and Futures Were
Advanced,
HOME MARKETS SLIGHTLY EASIER.
Traders Arc waiting for the bureau
Rcport-Spot Prices Remain
Firm-Port Receipts.

Office Of The Post,
Houston. Wednesday, June ..
Liverpool was l-S2d higher on spots and
is-6iGiis-sid up on futures Spot sales
were 1000 bales, or just the same as the
imports. In the last two days Liverpool
has sold lS.0n bales of cotton. received 2S,-
600 and exported 1900 Such business is
hardly calculated to brighten the foreign
shorts. but the American sellers have no
comparisons like that upon which to base
their actions. The two largest American
ports received norhng today and sold
25i7 bales, Stocks on this side are de-
oreasng at a rate that is calculated TO
unsettle the nerves of one who is short
OF deliveries due before the new crop Is
ready for market.
The total port receipts today were only
"a halos. This compared with 1889 last
year. For the rest of this and during
The next TWO weeks the pert receipts are
apt 70 appear insignificant IN comparison
with the amount received last year. This
will b. due mainly to the fact thai at tbs
time las- wear Houston was shipping out
large accumulation of cotton. The
stock here on June 6 was 1874 bales; by
June ~ 1t had been reduced 10 i6ii bales.
The American markets were quite active
for awhile today. but final figures showed
a loss of 2f3 pOpts from yesterdays close.
New York futures opened quiet and tirni,
with August trading at rs. The price
tcll to ,2i by noon, touched us during
the afternoon and closed at 7.25un2i'
agains; 7.9ia7.2j yesterday. December
sold at G9l early in the session, but iell
TO 6s3 bp the close.
In New Orleans, the first sale Of July
was at 735. the lowest at us and the
closing 7.2S47 %, against I.SoQ7.32 yester-
day.
The agricultural departments report will
he issued a: noon tomorrow and will cover
the area and condition TO June /. The
general expectation is for bulIsh re-
port. or at least one that will be bullish in
comDarscn with last years excellent
showing. The June condition last year
was So. being the best general average
on record The Texas condition was "
and this nav he equalad in tomorrow re-
rort. For the general average, however,
10 one expects condition above 80 per
cent ana many predict II viii go below NJ.
The lowest average fer June in the past
ten years was 81 FER cent. in 1895 In 1884
II was Ss.3 and IN 1895 only So per cent.
The highest average for Texas was 90, in
lsSe: the lowest 70, in 1875.
The annual election of officers of the
New York cotton exchange was held this
week With the exception of FIVE mem
hers on the board of managers, all Of the
officers were re-electcd The ticket was
as follows. President, Gustavus G. Hop
kins: vice president William Y. King;
treasurer. Walter T. Miller; board Of man
S Hhn i h Mnars "al'ef w q
s. NJ. Lehman. William Fay, j Il. Froe-
legh, Z. II. ,Rountree. r., Robinson. y, $
L. G. Schiffer IL. III. Meyer ana George
Ii. Chapman.
CHRONICLES ACREAGE REPORT.
New York, June a.-(spec.ai)-'The Com
mercial and Financial Chronicle says: In
crease in cotton acreage: North Carolina
5 per cent: South Carolina, 6; Georgia, I;
Alabama, 7; Mississippi, 2; Louisiana, Q
Texas. S; Arkansas, 3: Tennessee. 4: Nir-
ginia, TO- Oklahoma and Indian Territory.
10: Florida, unchanged; Missouri. I'M
changed. Whole belt. 5.Ss per cent. maxi
sng total this season 22,O56792 acres. Crop
rate, CROWN having bei'AH checked by
cold weather nights. but Texas more for
ward than elsewhere LAtterly conditions
are more favorable generally during the
day, hut complaints of low temperature
at night from some points. Conditions
best in Texas and Improvement In other
States OF late. but plant not as
rule in position to withstand very sue
cessfully any severe adverse conditions.
With the start indicated a pretty fun
crop is possible hut not by any means is
such 4 result as well assured as IT was n
year ago. Weather during the next two
or three mor,hs has so much 10 do with
making crop, especially in the over
flowed districts, that should all surround |
ings be favorable greater Weld than IN
some years OF much Ht;hter early prom |
.sc may be realized.
New York, June 9.-rhA dry goods mar
ket was much depressed today as far as |
store trading goes, by the rain. In both
iifst hands and johbins markets there |
was lstue activity shown. Mail orders ton
were rev AID far between in all lines. The
most marked effect OF tho backward soa-
son is shown, OF course, in the jobting
houses IN the poor returns made by 70.
@,e1'S LOT al departments of summer
nVpuI S'dp" cottons show no chang ~
moment IN any grade, hleached eoods ors
eEalh dnll, and brown Foods shov, no -,
S,eaSe OF buying. Coarse colorei cottnns
~, ~ ~ ~ grad.s nre nuiet. with properties
aleiy hcSyier buyiag In denlms than h, ' ',,,
EoIo's, frifN cloths are still higher Prir.E
ING goods are also quiet. ms 'e'' rlAt-
chicago. June 9.--Hubbard Rrox &. 90
cotton letter says: Manchester conti,res
mo WfGtsuntide holidays untn Fridn,.
for this reason the demand for sno, 80
.oh was limited. Futures showed a, a.