The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-09
COTTON FUTURES HIGHER.
All Speculative Markets Made an Ad-
vance.
~
SPOT VALUES SHOW SOME GAIN.
New Orleans and Houston Onc-six-
tecnth Hisher-Smnll Spot Sales
MT Liverpool--Notcs.
Office Of Tho Post.

| Office OF The Post,
| Houston. Tuesday, June s.
| Liverpool came to the assistance of the
| bulls today by advancing futures lia-6ia
2-6id. Her spot values were unchanged,
however and sales only amounted to 5000
bales. Receipts of 5000 bales and sales
| of 600 are not calculated 10 decrease
stocks very rapidly. but futures were
| firm at the advance nevertheless. New
| York and New orleans were also given an
| upward turn and futures in those mar
kets touched the highest prices that have
| been seen IN two or three weeks. New
| Orleans advanced June and July points
and the distant positions 70S points. New
York advanced July points, August
points and the fail and winter months "a
| 10 points.
Bad crop news was evidently responsible
| for the better market seen today. Sond-
helm of New York wired that the advance
| was due to few sellers. some Liverpool
and New orleans buying and catching of
stop loss orders. The speculative bust
ness was considerably better than here
tofore, vet it was very small. The entire
speculative world seems to be at sea as to
the future OF values, and the majority of
traders are awaiting further develop
ments before entering the market.
| Neither Fall River nor Manchester news
| Is ensourasing 10 those who own the rem.
i'"'", ol ms crop put 'he ho'uers seem
'o''ii,.'2''' .ua' every oaie OF 'his present
supply "'tt DO hs''aeu pelore the next crop
.Oi nletket ana 'heS are sun
aUio - oDsaAiI So 4,'o more per oale Tor
| spots than is offered for October del.y-
cries. Spots advanced 1-16c in Southern
D1ark,,fas
NIL mos 'oN"S'
| AS an indication OF the condition OF the
dry goods trade at Esl River II nav be
| stated +b,. ~. ,,-o,,,l,,o,, :, ,r,,,, ~,
-. - ~ 80 ~ W. % '''' O'0'''s
there TINS week was $4,000 pieces ard
sales only 6s 900 neces. The dulln.ss ex
,s,t,, AZ ,,,,-,,;s.,, -, ,,t
-s'.'s O.. i-''7''s" Si''i'''iis points Is ii'ui-
Gated by spot sales of only 5000 bales OF
| cotton at Liverpool. against 900 on this
| dav Isst ,sar
- ..a'
| opened duh hut STEADY. with August SELL
| ing M 10 ,-rc,p ~, .,,t,,. 49,, 49,,
vanred ,,o,,1l,. aa,,,r, p' w, ~ ,o Az
| The closing was at 7.24d7 %, against 7.1eG3
20 vas+.,.,;,, 49,. -, = a.
80, 6 VA '''F' december sold at $40
earlN In tho session, advanced to 6.S and
closed at 0.SG1S 81, against Z. 7sJ6. 70 vee
terlav.
In New Orleans, July opened with 7.2i
bid The arst "a lie was a, 7 ~ no ttr-hns.
at 80 ana 'he closing at 7.9O47 81, against
Macy & Pen4latcn III >-ow vor,, .,
were bearish an the,r y.o,s of .hs $500
market until las r,r;day ~ - 80.
ing out luIllish circu,ors Tho,- Ia,. ...
10, I,, non last 'i''f
,,, .esS' cOil Iatls the following:
r,,n1ari., VIE repTeLs OF the Chronicle show
5000 49,, N.Y., on iishL recepts even for the
- ,,.t tiio lne 1tcreese or the amour. in
nnreS u-,,, ", nisi"ie IS considerable as COM
nu'yu win last year when h. was arcund
-. -. - - Pot'lt7 as comparci with any
~ e' ,o We, year since 1870. Comparing pre-
o, III t tg !tais' IL seems likely the worlds
greater than ans in year av VIII SHOW re ss
PRIOR TO the marketing Of any large
",m5'itlt OF the new crop. Under these cir
iruulSlahces prudence alone would dictate
Keeping on The long side of cotton for
rear OIL manlpulatton, which will become
IN nc, e.h vi, 10 men OF iarsa capital
f,",n n c,,rs1rI ~ i,lM.y "ay"' " appears
anon that the world has useI UP the
livery amounts TO s3s2 o25 hales so far in
months his psrb3ps Pas WE'VE
records in spite OF the very low mise
| which has been tho rule in American in
| dnstrscs. II ~ plain that crop Of 5000, 900
bales added TO the present depleted stock
,rni moi 81. be o toe large supply Il indus
| i'''iI cohnilo'ls are 10 improve the sea-
son advances.
New York, June S.-The cotton market
| onened duh but steady with nrlces nm
| cha,np,,1 10 Z noirts h,rhor ,-d,,,. aa,,,..
80 20, P''''9 H'S"e' f'"iiy canes
at hand when orr market opened were
not satisfactory. but Inter advices ,,,oro
stcoii,v a,ivanlbd ,'rport ana orr marke'
stimulated BY contratiasory oron renortss
which had a bullish average as received
,roni pr n,,. sources Indicating a back
and of some damage TO- nlont Nv, , LEI
while claims ~ m cyergrowih n} Is.
| some points were also r,,sei1ed Tho M ~
| ket IN the main showed a firp,nr ,,,'Ia--
tone than had appeared for sem, I'm,
| Fears of a bullIsh hurc-,u ra,',,,, -,
| Tho rna,l,et s,,oy,', ~ ~ 10 Nv iin-'
| and ether signs OF rrturrfrr, s,,a,,ila,t,.a
activity bassd on the confiniicj unf1yor-
able crop reports At tho hest noii,i ~
/ over Yesterdays figures and was finally
Net sv,s,a sla.r