The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-23
COTTON MARKET REVIEW.
August Deliveries Dropped Back
Seven Points at New York.
WHEN NEW COTTON WILL MOVE.
Texas Mny HIVE Fifty thousand
bales I'm .August-spinncrs win
Want II All.
WHEN NEW COTTON WILL NOV
Office of The Post.

on mat montn delivery. doubtless the
traders were afraid to continue bullinC
the market until Liverpool sanctioned the
upward movement. The foreigners will hc
heard from tomorrow. They own the old
crop while we own the one that is bios
som.ng and frultinG In Southern fields. If
the Liverpool holders want 10 put up the
price of the staple. they will get plenty
Of announcement from this side.
Texas Is especially anxious TO see Au-
gust cotton kept at a premium. for Texas
is the only State likely to produce any
cotton that month 1t is cotton that will
be wanted. 1t VIII not be ANY ragged.
stained or dirty remnants of an Old CROP.
but 1t will come fresh frotl the fields. II
Will come on the market at n time when
sninnors ore anxious for the new staple
and should bring a good price. The -tu-
gust movement IN this STATE is now es.i-
mated II $4,000 bales. but If the suns
ravs con.iHu. 20 pour down a. the rrcsent
IA te the pickers may pull cut 75o00. Re
cent tcles rams fcom Texas. however. have
mt the minimum August movement al
a5''fo. II such should prove the case early
cotton ought 10 sell for u; least cents.
II is now worth only 1855 at New York
and us at New orleans. Spot quotations.
however are considerably higher. and
they arr likely to be higher than fr-
lures In August. II SINNERS are willing
10 pay '-l6c Tor the stuff that IL LEFT at
New Orleans. i; does sesm that new cot
ton should tting as much. ii not rors.
The acton OF the market today was
rather Disappointing to those who were
counting upon manipula,!ve movement.
outside trading was next 10 nothing how
ever. and the room traders were doubt
less disposed to take In their profits. The
total loss for the day at New York was
to : points on the old crop and 3 10
on the new. New orleans droppcd back
l 10 points on the summer deliveries and
3 TO on the fall months.
August In New York sold at IA early
in the session. hut drowned tn : z. NV noon
During the Afternoon the market nd
yancei to 7.ss. and closed at 7.3sa7 n
against 74sa74 Yesterday. December
touched s.ei shortly after the opening
dropped 10 sSs and closed at 6.sSa6ss
o,,aa,,s, . 90 ,..z,oraa,
at"-i.9' o''- Yesterday
In New Orleans tho first sale Of octo-
Der was at s.sl, hut from that point the
price dropped 70 500 and closed at 6'5'|
d.as. against 6slae.62 yesterday.
The Financial Chronicle has received
Mr.. ElhsoLs figures of European cotton
,o,,,,,r,n+io, hro,oh, ,o,.r :, ~,
"''"7.' INV" w '"Hr l.
rms shows that tho spinners' takings
-,,r., 10, nno g.. 80
last ye,r or th,s omoun, EryI,s, ,,,,r.
ners took . 200 0.,o h,Ies oo,,,,s, az mn,
while continental t,tir.,s we've . 100 an
against > oa7 oo
The average wcigbt Of tho ao,,,,or,o, l.,
Great Britain has been an mounds nor hoio
this sees,, ooainst 400 ,o,,,ds a,,r',,
the same Time last season Tho cot
mental deliveries av,raen Aso ronras
oral7,s, AIS ,ounds lac, var ana ,or tt.,
whole Of Furonc the ,,n,,yar,os a,.c,., ,r,,a
4ss4 mounds per hale ,eo,,., AC 4 rom,,d,
last eaaso,
MT EIllson saws the weekly is now
$4,000 bales against $4,000 last wear. The
fun movement into co,sumn.ion for NV,
,,, :, 80, - ~, ra,,1t 'N' 'i'
year Is given in the following table:
Total Great Britain
oct. TO June l. and Continent.
Bales of 800 lbs. each. 1861 lS96-af.
Spinners' stock october l.. sOi.ol0 so. 90
Takings to June ..5,59s.ooo $4,000
-----
supply ...,...................5.Sa go 5.772 900
-- ----
Spinners stock June -. $4,000 $4,000
s,ock q, oriy ISs nro haies LEV m'E ,So ga
on Juno last year. continental SINNERS
own $4,000 bales. against $4,000 last June
u g. ro,,,,.on ~, vi.
"tn ,,,..,I 49,, A., So. 49,
=" Il S""''di way the southern papers
reaching us and covering the entire cot
ton belt Indicate cotton Celle ahou, D..
,1oo,, -.h...t,,, 49,,
t"' ""' o,e'''", an" very hop"tn'
teelsn' IN regard 10 the cron in spite OF
an occasional note OF poor stand and bach
wa,dnees Tho ,1a,,, r., .',au.
ha,,I,hy o,, s,ron n'I "'.ur''N -
good weather. ard drouth ,s not I,ko,v |
to affect 4, soon. nj least "o, ,hia ,oon,h
this tIme is the lack of speculative In |
tercst Maa who last wear were hrvi,
under 5trong leadorship arc this velr t'md |
aha lhulsoosed 10 nut out large llaos. |