The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-29

on distant months; sales s.. 100 bales. Janu-
airy. S.o5; February. N.2; March, G-e;
April, S.15; July. S.47; August, T.i5; Sep
TENDER. S25; October, SOS; November.
81. IS; December, S.0s
3 The New York Evening Post for July IS
says: The trading in cotton was moder-
| ately active today. with the market frmer,
/ and showing a tendency toward improve
Ment from the start under the builish in
| fluence of the strong statistical position CT
| the staple prospective revival OF trade. with
an active fan season and continued drought
| in Texas.
| At the opening the first prices were made
| at advances ranging from 20 10 points
over Saturdays closing quotations, with
August selling at E.5l On the opening call.
/ September, S.07, December sic. and Janu-
, airy, s713. The Liverpool cables, while not
showing much activity or strength, were.
nevertheless, rather favorao Die. and this,
with good buying of the near months by
! commission houses, and an absence of any
/ material pressure 10 sell, stimulated the
! market and led 10 a further gradual ad-
vance of to 5 points from these prices
before the end OF the first hours business.
August sold al s.55 September 49,, Octo-
Der Sis, November 10, December, SIS,
and January. Sis. The best buying was
| in August, September and October options,
which were the leaders. The advance
brought out the usual realizing eaies from
the local operators and scalping contingent,
but the offerings were well taken. and
prices only receded TO points from the
highest. A ! o'clock the market was steady
al that range Of quotations. The total
sales up to noon were $500 bales
Crop accounts were generally favorable
from the Atlantic and Gulg states, ard
also from the Memphis district; but the re-
ports from Texas were far from satisfac-
tory; in fact, they were more unfavorabie
than az any time thus far this season. in
d:cating. they did, general complaint in
the central and southwestern portions Of
mature development and shedding from the
continued hot and dry weather. Today's
official report TO the weather bureau show
ed that the weather there continued hot and
dry.
In the Liverpool market spot cotton was
firm and in fair demand, with local sales
of 5000 bales. at 4lad for middlirg includ-
ing 1900 bales of American cotton. The
receipts were 200 bales, of which ]. $50 were
American. Futures there opened steady
and unchanged 10 Il point higher. and
closed steady, with the final prices showing
a net advance of lad over Saturdays clos
ing quotations. Manchester cables report
ed a fair business doing there in cloths
but small inquiry for yarns.
The market ruled quiet but steady
throughout the afternoon, with the early
advance weel maintained on moderate pur-
chases by commission houses, largely of
October contracts. While the spot situa-
ton was favorable to the better market,
the principal cause of the strength was the
conflicting crop account from Texas and
the continued dry weather there today. and
predictions by the national Weather Blu
reau at Washington that no rainfall was
likely TO occur in the state up to Tuesday
night, with continued high temperature and
southerly winds. The fear that the week
~ government report, due tomorrow. would
be less favorable also tended to stimulate
the market. There was a good deal OF
transferring of August contracts TO Octo-
Der, and also holding OF the later months
10 that option, so that il was the leader in
point of both activity and strength. There
was not much doing in the way of new out
SIDE commission business, the bulk Of the
trading being confined TO the local interests.
Spot cotton in this market continued stea
dy and in fair demand, with prices I'M
changed, on the basis of 5-16c for MD
ding. Today's total sales were go bales.
including 100 for export and 500 for home
consumption.
The market closed steady.