The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-25
Prices Made Another Jump Of Onc.
sixteenth.
FUTURES A FEW POINTS LOWER
There Was q slump of Ten to Fiji
teen and Then n Recovery.
Notes.
Office of The Post.
Houston. Tuesday. August "a.

.
fluctuations RAPID. Under the influence OF
another big advance a. Liverpool, the
American speculative markets opened
slightly higher. but soor fell back 13nl5
points under beatish pressure and realiz-
ing by longs. During the afternoon the
markets recovered "A large part Of the loss
end final figures at New York and New
Orleans were oniy 2ns points lower than
Yesterday. Lverpool's advance was sid
on futures and ed on spots.
Houston and Galveston advanced spot
prices 1-1Gc and New orleans closed &c
higher. The spot demand Is not very
active. but salss this week show some
Improvement owe: last weeks business.
Foreign splnnevs are accepting very rev
offers from this SIDE and say Whey can
wait awhile longer. They are evidently
counting upon a good movement In Sep
ttmber and rush OF receipts In October.
In the meantime. however, their stocks
are dwinding rapidly end they may yet
be forced into ire market on the present
basis Of spot values
Z no amount of cotton ahoat for Europe
Is only few thousand bales, and. with
little or no pnic hases now being made in
relled to draw upon their home supplies
for five or seven weeks to come. This Is
likely TO reduce stocks in Liverpool TO u
sensatlonally low point and may yet re-
suit IN a corner of the near positions In
that market.
In New Yori. the remarkable strength
Of the August option IS attracting alton
ilon. Thnt delivery advanced IS points
today while October fell 3 points. August
., now SO points higher than September
ana 0S points above tho October delivery.
IT is evidently a difficult matter to get
cotton In ;hat market to tender on con-
tracts. as spot rricea are 10 points lower
than today's August quotations. There
ERE only seven more days IL August and 1t
RAY be that the squeeze IN that position
w,lll he transfer cd to the September OPP
ton before the month ends.
At today Session New York futures
opeied steady w'ih 1888 bid for August.
The price advanced to 7,5S soon after the
opening then rr9 dually fell to ia. Dur
Ing the afternoon September advanced 10
Z .36 and closed at T.3iltI 81, against 1880
'.8 yesterday December sold at IN
early In the session, dropped to 6.9T before
noon. then advanced to 90 and closed at
7.Ol4f7 .05
In New Orleans October opened with
s.sl bid. advanced to 6.S and then began
. graiual decline. touching 6.h just be-
fore noon. Later n the day the price adj
vanced to GO end closing figures were
6.g@i67d aga.ns 6.7SGrG.7S yesterday. De-
cenber sold mt 6s, for thu highest ana
G.bS lowest. closing at 6.7Gab.T.
Price Mcdonnell; & Co by private wiro
to Is. w, Hunter & Co., Cotton Exchange
building:
siew York. August "a. The volume of
business hug agar been upon q largo
scale and the renewed activity ~ attract
ing cuTslde interest. Apparently we arc
face TO face With broader market and an
increasing demauG for speculation and in.
Vtstmcnt as the relative cheapness OF
cotton. when con,rasted with other staple
commodities, Is beginning TO be realized.
outside OF The eXpectat'oi Of n big crop,
here Is really very littl, In the situation
to 1usi'lfy sales for 4 decline at even cur
rent prices. Nevertheless tho trade gen
orally continue boorlsh and are strongly
contesting tb' advance. Consumption Is
more than keopii & pace with production
and In view Of the trad" betterment In
This country, the Yearly. Increase this COM
ing season promises TO be larger than at
any time during ihc past five years OF uni-
Versnl depreSs on, The stocks are small
everywhere. especially in producers
hands. foreshadow Ing a very active de-
mand early in tho season for new cotton
Receipts are running light as compared
With last year.
,lamase from the wet weather are srs-
tanned by the weekly government report,
which states that "gencral rains have i'm
proved cotton IN Texas except over nor,
tons OF the southwestern part where
dfputh continues Cotton also needs rain
N Missouri and portions OF Tennessee and
North carnhns,, nut over the greater por-
ton OF the central aud eastern sections of
ne cotton belt the crop has been seriously
inquired nv excessive rains, and comula,nt's
OF rust ana shedding al, quite general
taeFt yag~ .I.....
worms are numerous" This repsrt il IN
dicative Of the fact that the bear posi-
| ton . perhaps becoming less tenabia aud
seems TO Justify purchases on breaks
New York. August 81 Atwood Violet.
LOCKWOOD q co, say of cotton: 1t has
SEEMED that selling near options at &C.,
vents as generously as has been done re-
| ceh'ly, with n stock here Of only ao.OO)
Dries, some ct which, vii, be demanded on
August contracts. aud perhaps Septem.
| nef was iovtthS rctr.bution, as was real
| yea yesterday. Bringing cotton here from
| 'he South now win entail n less fnss ohyi.
\ Gus reasons. our stock viii not incrco 60
| Tor perhaps sixty Gays unless we advance
| MA, ,rlhIlv IN the meantime IL Is consi1-
shtapN VOC small considering the large
! sisoit interest sun here our antic, a.
| tons as 10 Hight movement until the first
| week ~ September are beng confiunad.
| waklnS u stili r'ore apparent that Liver
l
| yrS sAringly Of tie new crop until De-
! N2oer ~ or 70. spinners necessities, for
| elsn and domestic. will bring them active
" INTO the market at a t.me when re-
| ..ep's begin to be decidedly free. II will
then be survival of the tittest Win de-.
n,and be stronesr than offer.ngs, or vice
versa? Much OF Yesterdays advance de-
veioped among thnse not directly connect.
| 81 with the cotton market while those
Nbo should have supported il have been
psssimlstn to n degree.
| S~cks-,The ouiside public was in cyl.
Nenee I'm fore a, the opening; al The sasn,,
| Time there was 10 little realizing by lurga
| houses The ven ard cheSrfulness seemed
OUT OF the market AT closing
| New York, Augr st 2i.-.The dry goods
market presents scaroeiy any new feat
ures to'ay Tho second OF the Merchants.
| association excursions has again filed tho
iooeing stores with buyers. who are maxi
m the month banner one In nearly al,
| lines. In first hands markets the 5av =
,ShemnarStiyely dyl The firm features OF
the market are the strength OF print clo,S.
aihi stapNe prints In staple cottonss ,hs
market Is generally firm and steadv p,Sn,
4 ~ .ssr< s.aa