The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-24

" NJ ees1ativs vaIuss Were whiriins
UbvvatA TAroughout me Day.
upot Demana Limited.
ofnce q The post,

y tieH. and today tho speculator
4 turned their attention to the South
9reat staple. They had the mar
4 Net whifling upward from start Z
npish and the days close showed BIZ
RIA IN futures, vtlie spots were NC high
81 1t New York, Houston and Galveston
New York futures closed 3sds5 points
Y ahsve Saturdays figures. New Orleans
4 gAtned ~ points ON September and |ara
\ pGafss on tho distant positions.
The market was purely speculative
one today and the advonce can be attrib-
utcd mainly TO that feature OF business,
z gtatisttcaliy and otherwise tho situation
- hardly better now than II has been for
. week or ncafth past The spot de-
xnand shows a little Improvement. It ~
& true. bat ehere Is still an absence OF good
buying orders from exporters. Liverpool
and Manchester adyices were rather more
favorable. but foreign spinners are buying
only for immediate necessities. Liverpool
futures were advanced 5-Sid today and
spots CLOSED i-agd higher.
report on change this morning stated
thar the wheat bulls had dropped the ce-
real ut the dollt r goal ana were now Civ
eng their sttettirn TO cotton. Whether
this Is true or nos, Il Is n fact that New
York had the b Egcst speculative business
today that has tcen recorded any one day
IN the past six c,onths. over 10000 bales
were sold. and the highest prices were
obtained at the close.
An encouraging feature at today'a ses-
sion was the fact that spots and futnrea
were brought nearer parity In Two
DAYS the October option has advanced %
points at New Orleans. while spots re-
main unchanged month ago spot cot
ton was cent higher than fan futures
but nov the discopnt IL only ,s@4c. Tbs
lends more encouragement for the malnte-
nance OF SPOT valres. In that II gives buy
ers some opportunity 10 hedge spot pnr-
chascz in New York there IN st1l Il wide
difference between spot and contract
values. but IT Is tnougm that matters win
be adjusted az soon as the August squeeze
Is settled there
New York futures opened irregular. with
7lS bid for September. BY noon the price
had advanced 10 z - and during the after
noon SeDtenber touched Z 81. The closing
was 7.Ssa7. ~. against 6.ysdt7 a. Saturday.
Dcccmber opened WIN Gas asked, cold
down 10 s.e. then rapidly sayapcel 10
I,@ and closed at 7.osG7.9. AGAINST s.7ia
G75 Saturday.
~ New Orleans. October opened with
the trading at s,6sffs.7o. advanced 10 az.
then fell TO SIS. Lutey In the day IN.
shifket advanced rapidly until October
touched SIS. The clostng was 6 ,ssf6 70.
agaiFss, s5,tid.s2 Saturday. December sold
At 6.si for the Lowest and 6.ss CHEAT.
closing Al e,7sas.7.
Priee Mccormick a. co. by private wire
10 u. w. Hunter a. Co. Cotton EXCHANGE
building:
New YORK. Ausus, 2s,--JudginE from tha
course " the market today, the public h
Just awakening tn the fact that cotton IA
shc cheapest article ON tho speculative
list and that prices had been decreased
hndnis IN View or existing conditions
trading has shown great activity AMI
have been widor than for a
long ume-sn fast, the outside public has
been greater factor than for months.
MANY buying orders accumulated aimee
saturday. tile 81 eGutlnn of which 4, con.
junction with thu sharI, advance, Ia liver.
pooi OF Ebont e-s,d before our tsnnglug ntt
t,,n,as ~ damaE" from Atlantic and Cuff
vsatner, gave us an exciting opennx,
with prtcts anywhere from 10 10 ed ppi,ta
u W., SATURDAY evening. Naturally there
was silght stbhck after snch d sharu
advance. but tho market subsaa,ientiv A.,
veIoped additional strength under buying
lot new account, az well as for n,,.e,s,ni
q 1, short intercat. which is large until AZ
poinis had hscn estaia shed. Nearby on
LIONS August, September and Clciv,sr
rave shown the greatest strength. reflect.
NV, ,nn VIE yer. sfronr statistical position IL
nv ttapic ~ hss4ng 10 luol. .s liz snattI,,t
lation were In ricsrcss In Aur,,si' o,x,ssy
20 me ftct that surplus aiippIfss here avs
'srnhy held. A further advance seems mai
,,in,pronams 10 that option. which will In
~ propapil'ty br rejected IN tho price ~
septnmber The force OF the hun apecula.
Ion N stocks and wheat ts at.par.ut IN
w, ila effect upon cotton viii bc 10 4,
s ~ es.eht. tue same, especially should
nc neavy rain Q, ntlnue In the south Al.
lantic States. Tie wet weather may not
my curtat the prospective Yield. nut i'm,
,a,r the quality and at thu same time re-
~. N very light movement during Sep
atimulate valu@s W
New York. August 23.-It has be,n i,
long day since the cotton exchange a..
geioped the activity and escitement W..
hessed on 'cIianga at tho opening Of busl.
nens mis- morning. !, is safe 10 say ,ast
ne most sanpnlna hun operators were nDt
nrcpared Tor the advance that occurred an
lhu drst calt~wl,ich commenced WIN Az, AZ"
sus =. 4, rhowsnE IN sdvalcc Of u points
kAtuinE strength hs X progressed and e,n-
with an advance Of .xsiy uoin,,.
rmuTc lad bees a large accumulation o;
~. ~ orders over Sunday, and. f,otwith-
.tadsdsng considerable early selling prsss-
ir e trpm Liverpool. anti Nsw Orssat,s. ti,c
a,nactsom OF tho marriott was unniistsia-
w stron9. Aitsr break ~ 6,liO uo. ms
kEch {ohowed the first call. the marked
6 /! s lighted itsei. and not only re-
'uTneq o the best prlcen. bur made q f,ir-
her dectdd salr t. tho b~st point ~ ma
& snowins az advance az diaisS points.
w. q mAnir naetbon II, August III not in |
$fptem0er and Octobtf--wcro detncted
r. general enproxenent was basel al |
" eava1ce q 4iiatSssd al Liverpool prl-
~ canleSnms stated that the Engi!sh |
;cgto1 sIsuS fears \ has undertlscounted
; !! g dasnAgc through resent extern
u4 rAtnD ~ the cotton Gsit. The lcndinr
Bctiyity ces:teted h October and Janssarvs'
"a sSz..oi eeN5nz e III. ~, advance 81