The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-21
COTTON MARKET REVIEW.
New York and New Orleans Futures
Closed Higher.
SPECTATORS FEAR TO BE SHORT.
The situation Is One of Unccrtninty.
Good spot Demand at New
lork-Notcs.
SPECTATORS FEAR TO Be SHORT
Office OF The Post.

Office % The Post.
Houston. Tues day. July 20
Succula,ors seem to believe that II :
not safe to be short of cotton around I
cents In New York when m.ddlins on
the spo. is worth S cents and the Dccom-
her option offered at cents. 1t would
soem reasonable TO purchase the cotton
that can be .,lL for iiNe months And yet
there is u possibility Of n change of 100
points Oh either side before December
rolls around. j; is possible for the next
crop to forccas, 100000 taics by tina;
tine. and then t cent values would not hc
TOO low. on the other hand. unfavorab!e
weather could easily cut the yield below
ngpooeo, which should certainly justify S
cent cotton. 1t is an even bet ON either
eide.
LIVERPOOL came in better than the trade
expected today, futures showing no de-
oline at the close. Spots advanced l-S2d,
though only s0n bales were sold at the
higher prices. New York advanced July
and August : points and the new crop de.
lheries Gas ponts. New orleans showed
q gain of 6a7 points for the day. Spot
vaines were unchanged IN all American
markets. There was no demand AZ iious-
ton. Galveston OF New Orleans, but New
York sold s1l7 bales, all for home spinners
New York futures openet steady this
morning. with the FIRST sale of August at
1.i3. The price advanced to 7.l6. then fell
10 7.il and closed at 1904. against Ill
"a ii yesterday December sold at 100
early ir the session. ndc;uated between
1.pl and 7.9i for several hours. then ud-
vanced TO 7.o5 and closed ut 7.0Gg7o1.
In New orleans. August sold at $50
10. I'M. closed with IA d ana 7.i3 asked.
Cctotet besan trailing al 5.72. but graiu-
ally advanced to SIS and closed At 6.17cl
6.'S, against G.7Gq6.T yesterday!
MIR. Ii. W. Garrow, president of the
Houston Cotton Exchange. has returned
from his vacation trip 10 virginia and
Eastern points. During his absence AIr.
Garrow Wished rall River, Providence,
Bos;on and New York. He states that
the business sentiment of New York
ranged from extreme pessimlsm to tho
mos, encouraging optimism. Many OF the
New Workers. were CT the opinion that tho
period of depression hal enied and thar
business wouli show wonderful re, wal
This fall. Others claimed that conditions
were 10 better than during the worst
period of last years PAM. and that there
was nothing in TIE situation 10 justify
predictions of prosperity. Mr.. Girrow
found healthy tone to business ait Fall
Eiver and Boston, and merchants there
considered the situation very encour aging.
New York July 2-(Special) atwood
Nolett, Lockwood ~ co. say of cotton;
The merits OF cotton may Is. lost sight of
'einpoI dilly. pIt II would seem that, in
sympathy with the Improvement i'm wheat
ana securities and the general outlook for
pttteF things commercially, in the near
lures the scarcely of cotton, immediate
ana prospective viii create a demand TO
absorb early receipts rapidly and at higher
prices. Spot cotton has sold IN October
below &c only once in fifteen years. There
wt,s good demand toiay for new crop
months, principally shorts covering I.iy-
erpool d;sregaids the effects of too mucn
sunshine. but a few showers insures. IN
her opinion, a monster crop. The world
Is talking many hundreds of millions OF
hush 5 Of wheat from Us at continually
Gher prices, but the 6o)0.100 bales of
cotton we have Tor export they want at
thar own price.
Stocks-Although the rise in values has
'een considerable yet nearly all securi-
lies are still cheap, assuming that tne
country Il emerging from depress ON into
prosperity. We believe that material All
Ndnces are yet TO come in low prizes
stocks and bonds.
New York July 2c.-The cotton marke,
was confronted at the opening with dis.
appointing cables. but advanced las
points, while ruling quiet on the first call
Business was at no time active hut the
general tendency OF the market was 10
ward On conflicting crop reports. some
claiming the crop was safe and others
mat there was damage from drouth and
hot NiLds that could not be renuired The
marie, closed steady AT II net advance o!
ldS points. with tho total sales limited Ia
MOO bales. In flH afternoon
quilo rally. The general hrmness wes
hcipod hY reports from the dry goo Is
markc! to the effect thdt a large number
OF orders was in hand contingent upon
the mai passage Of tho tarlff Lill AT tie
same iimo spinners in this country vera
securing the New York spot market for
mig. Results Were quite large in view
Of the small offerings of grades wanted,
Sales reached Sol7 bales
New York. July 2o-Tha drv goods MIR.
kef today wa" quiet. owing to dull condl-
lions at ha"tern manufacturing centers,
the irlicence oi huytrs 20 take advantuge
az l'rtrent low priccs and ihe hot weather.
Tho wool guodS divisions showed more liza
than cohtons. Some new lines of men's
wear fabrics were shown at c generally
over last years prices.
New York, July 2o-Cotton seed oil
steady, but only moderately active. Sales
~ .,''' ~ hhiIta7 prime summer yellow
NJ 25ie; 800 barrels prime winter yellow ai
3Olp' 5op barrels OF yellow. "a
Manchester, July 2o.--,,loths and ysrns
nnle'' with very little business doing.
cotton Paints.
According TO the Chronicle. l5,7s6 bales
cane INTO sight last week, against i2.J75 In
1856. ~
Southern consumpton last week was l5.
m' tales, against 1900 bales last year.
Northern mills took l5,3Ss, against 1851.
Production Of prlnt cloths at Fall River
last week amounted TO 2l0,cOo pieces; sales
l6i 600 pieces.
lo0on bales, includes 1902 bales of Sea
Island grades
Mr.. w. X. Dorrance. of the firm of Dor
rance. Neville & Cairns, has returned
from a business trip 10 Eastern points
Messrs, Thomas skinner of New Or