The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-23
COTTON MARKET REVIEW.
Speculation Was Very Light and
Pluctua tionS Narrow.
FUTURES CLOSED SLIGHTLY HIGHER.
An Advance OF Two TO Three Points.
Spot Markets Dull and I'm
chanEed-The supply.
Office OF The Post,
Houston. THURSDAY, Jnly ..

There was quite feeling OF uncer-
| IA nty, accompanied with an undercurrent
| of weakness. in the American spccula-
| tive markets today. but final figures
showed an advance OF 2a3 points. Liver
| pool was lid up on the summer deliv-
eres. but unchanged on the new crop
| er.ec. but unchanged on the new croi pos
| ltions. September spot markets were duh
as the presen, stocks would seem to JUS
ufy. The demani at New York continues
surprisingly good 3osi bales having been
sold there today of which 1894 went TO
home spinners and 100 to exporters.
| The market has q sold out" appear
ance, ana any bul.sh news would no doubt
lift Prices again. With rain reports CONF
| ing n daily, however and bumper crop
estimates becoming popular. the bulls
nave much to contend against. 1t Is true
they are fortified by the fact that the
most trying month Is yet to be encoun-
'ered by the cotton plant, and it may be
that the remembrance of the saster
wrought last August will prevent any
rush to sell thu next crop below &c in
| New York until the yield is better as
sured.
Stattst!ually the market has been
| hclftl u Iedln, Dll HtEtItItIeSSi u
! can not be denied that such a statistical
position is the event of decade. If an
| August short interest could be found,
manipulation would be easy. Spectators,
| however. are giving their main attention
to the distant positions, which are gov
| erned wholly by weather conditions. Thus
far the drouth and rain reports are about
| evenly divided in Texas. In the Atlantic
states copious rains have fallen.
| AT today's session New York futures
| opened quiet and firm, with 1876 blu for
August. The first sale was ait 73s, and
from this point the pr.ce dropped to ISL
During the afternoon August advanced to
7.26 and closed at that figure, against 7.34
bid yesterday December sold down 10
oss. during the forenoon, but advanced to
| 7.GS and closed at 7.02a7.o3, against 699a
| 40 yesterday.
| In New Orleans the only sale of August
was at 75j, but the closing was 7.SsI
40. against 735N7.36 yesterday. October
sold at so for the lowest and 6..4 high
est. the latter price being asked at the
| close.
| II. t. Woods & Co. of New Orleans
write: Last year the August movement
alone receiving 1900 bales of this, Texas
furnished fully two thirds, some 1900
coming from othsr States.
In estimating the supply here for the
coming month We may practically elm
| thev VIII give hut little new cotton in
! August. The receipts from Texas Will be
reauted by natural causes fully onecthird.
|
| ments from this port.
We Will hardly have exceeding $3.50
allowing 3o,ooJ bales for August
| receipis would give us a supply for
| that month of only about 5000 bats.
! these figures INDICATE that August con-
| tracts occupy n very strong position. and
| unless the position is ove-shadowed by an
exceedingly brilliant crop promise, We
MAJ YET see roretltion of July prices.
| 1T looks now altogether probable that
| we VIII break the low stock record of
wears by the 18Th proximo. our present
stock is now inside OF 100 bales"
New York, July 22.-The COTTON market
opened quiet but steady at an advance OF
| lni points, ruled steady with some ir-
regularity. selldng off sal points from the
| opening prices, reacted and finally closed
steady unchanged to point higher. To-
tai sales futures. $500 bales. The open
| ing advance wes due 10 surprisingly fa-
| vorable cables n view or the de line
| sam. time there ,ys,,e so,,'s nis,,i, NJ
ns Ia In" condition az ano,,s o., - ~
| ton hell as The re.i,t of ma,,,her rere,rI,
| The snacmiatic, ,,i,ss n ,,rn"sh ~;
Sine an" i'm anr nrHgI w e py de,
| market pninsd t,,nn snr,ort 49, r.on' W.,
| sales hei,p ms,ed Nv ~ ,, I'm ~ n,
! ton Offered for sale rn's a,d n'isg J'
about the crop caused quite a sharp rally
| lust before the close.
.r, sao,,. ",Ynt. w. % NV io'N "l''''
- ''9 P'p"" NV l" Us 'hat when man
,a~ "n,,nn OF c@,'oh Eools hes'" to buy