The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-19
Futures Advanced Seven to Thirteen
Points at New York.
VERY LITTLE STOCK Al THE PORTS.
Receipts Light Everywhere Except
in Texas-New Orleans Reduced
spot Prices-QuOtations.
ofhce Of The Post.
Houston. wednesday, August 49,

ana n totah JOSS Oh " PS'f''' 1900 -
actior was in order Liverpool futures
were better than expected TINS smorhihs'
and the American markets closed at a
good advance New York gained lS points
on Septcmber and October deliveries and |
7 points on all other positions. In New |
orleans the days advance was sac points. |
Geographic advices stated that buying
orders were numerous and the maj ket well |
supported.
The spot situation is still unsettled. but |
prices are now uron bass to attract the
attention of buyers ait hcmc and abroad.
The demand Is keeping pace with the
movement and there are many indications
that the new cotton will be absorbed as
fast as It comes forward for the next
month or So Receipts are unusually ight
everywhere except in Texas At this time
last year the stock at ports began increas-
ing RAPIDLY. The minimum point has not
been reached yet this season and the
stock is only one half of what It was Mt
this time last year. Port receipts today
were only 1919 bales. and OF this amount
800 tales, wore new Texas cotton report
ed at Galveston and New Orleans. On
this day in 1895 the ports reported o3o3
| balos.
new orleans reluCeu Spol uupehtioilS
| M@3-16c today, aking middlng 1Bc. Ten
1ays ago midlhng there was held at
| l1-t6c Today's reduction IN spots was
| simultaneous with am advance in futures
| and served TO decrease tho difference that
has existed for so many months. 1t Is
| thought that in another week or so the
spot and future markets viii be upon
| normal basis.
| New Yorn futures opened quiet at to-
| days session. with 6.Ss bid for September.
The price advanced gradually TO sos. then
fell to 6.96, but again advanced and closed
at G.99a7.0o, against 6.S6u6.N yesterday.
December sold at 6.6S for the lowest and
6.75 highest. clos ng at 6.7Sq6.H.
In New orleans there was only one sale
of August and that position IS no longer
attracting attention. October sold at 6S1
soon after the opening, but advanced to
6i7 and closed at 64ia6.i5 against 6.479
64S yesterday.
Houston expects $500 to $500 bales to-
morrow. against 4;io on the same day last
year. In four Gays of this week Hous-
toms gross receipts have been 1i.lS5. Tha
weeks total promises 10 reach at least
10000, agains 27,O0o last year.
| Macy & PenGlcton of New York write
1.-THE United States ports and foreign
stocks of cotton were seldom so low or
the prospect of a crop from the field WV
better than now. We have had a Icing
period OF manufacturing DOUBT and lack
of profit which Is about to be improved
very much by q demand for goods result
ing from the abundant crops in every
State in our country and the very good
demand likely to come for the product
both from foreign ana domestic con-
SINNERS. Cotton at cents IS high unless
there Is n demand for It's products II there
is. therc would he no stopping 81 mlll
| spindlos to inquire the price of raw cot
| ton The crop Is being favored by goc'
| conditions. az reports TO the Chronicle and
others show. but Il IL is to be a promise
| of IL 10000 IN October It Is stu not a
plentiful article in August and Will nol
he IN surplus worth talking bearish about
before January. 1898. II then. 1t is tire
, times Use 1t rretty freely. and the t'nitoc
u States practically supplies the world n
the present CGoment whatever the futur'
e may have in store. Cotton Is as COX
value this year at cents a pound as amy
- thns else on the speculative market"
New York. AUGUST lS.--The cotton mar
lset showed up in better shape today thai
for some time There have been interval
/. of old time actively and excitement. ans
|
Is was heard. The market opened easy n
y, an advance of 2}ii points, unexpected fa
); vorahle cables getting the better of tn
bearish crop reports in circulation befor
| business commenced. Later cables wer
less satisfactory and the early advanc
l. l'was mostly lost Later. however. the maj
ket turned u shavp corner on the appear
$. ance of active support. Shorts heram
90 active buyers add prices advanced Su'
30 potgts from the lowess, At noon tn
.,l--.f of Int
Is In the afternoon the market showed we
ID sustained activity and decided strength q
general buying following reports of cSl
wave In the NorthweS. and eXcessly
rams In the Mississippi valley. New o.
rs leans shorts were active buyers. and pr
is vate advtces frcm New Orleans indicate
Q | more positiv" strength fo~ that mark
"a than has been shown for some time, !
IS, the strongest Interval our market show.
n q net advance OF 6gli points and "
10 finally steady at net advance of GO
OF points.
gs New York, August ls.--Atwood Violet
a. Lockwood 4 Co. say: Our remarks we
h> teriay as TO the danger OF having L
I'M many associates on either side of tho ma
~, ket has proven true. over night too mu,
hhss rain In the Atlantic States and fear of
lst superabnndance in the Southwest caus
rapid covering by shorts after the opc
a. ing here. just as longs found but +,
cd buyers W sell 10 OH saturday. 10 uu Snof
re- have difficulty In finding sellers toda
Then again. receipts are not msterializi
as 100000 estimates had promised. Pc
receipts since Friday last are only h,
CT what they were for tho same per.
Rio last year and rains viii still further
re- tard picking and shipping.
ties In the meantime Eastern mills are
Stunning and dry goods advancing
This country seems to be on the no
to prosperity. perhaps of an extend
character. Why should cotton be the Ia
gard as participant in It?
u A surprising jump In wheat of cei
10 caused a buying movement TO set in
Tvs stocks. which carried prices to the o.
pcinss of today.
'aie Natchez. Miss. August iS-Heavy ra
9poi have fallen twelve to fifteen hours out
zf,t cach twehty-tour Tor the past four or 4
on days, damaglng the cotton crop in I
'' er region. The crop planted since the ov
TRY now subsidized Is showing rank grow
sen OF weeds bus no fruting. and the enfor,