The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-26
The September Delivery Advanced
at New York.
LIVERPOOL FUTURES CLOSED LOWER.
New Orleans Two TO Three Points
DOwn-Spot Cotton I'm Moderate
Demnnd-NOtcs.
office of The Post,
OfrfcV Vt
Houston. wednesday, August %.

l
| same figures Price. Mccormick & Co.
are bullng the september option. and
according to a New York telegram. are
| even guaranteeing that they VIII take all
cotton that may be tchdered on their con-
tract3 bough before the 1st and offered
prior to the 18th rroxisno. They evidently
| fanc this brillsi'ness on the fact that the
small amount Of cottcl now IN wal e.
houses at New YORK is held at l-l6c,
midding bass, and that 1t Will take three
weeks or a month for any new cotton OF
consequence &c accumulate there.
As a result of the September scare the
option for that month advanced y points
from tie lowest at New York today and
closed II points higher than yesterday.
while the d'stai.t positions were 3d5 points
down at the c!cse. Since last Friday, Sep
tcmber has advanced Sc points in the New
York market, while December shows a
gain OF only 10 points. The bears say
THAT If the September squeeze is really
attempted this bulls are likely to have a
considerable amount OF cotton rendered
them between Argus. q and the last of
the coming north. Mlddmg cotton is
worth only "a at Savannah, Ca. and it
a bele. Savannah ought TO receive about
10000 bales in September Houston, Gal
weston and New Orleans could also afford
TO ship cotton u New York and deliver 1t
on September contracts II the price for
that delivery sfows any further advance
of Gems e.lucrce.
Outside of the September boom at New
York there was very lt.tic in the market
today Li0erpcc: closed al II decline of
5'6'l on futures and i-6id on spots. New
Orleans was -5rl5 points down at one
time. EGt :sc'ytrel large part of the
loss and closed only 2@5 points lower than
yesterday. New York clcset: PAS points
down OF positions beyond September.
Srot prices We're steady and unchanged
in all southern markets, with orly mod
crate business rcrorted
New York futures opened weak, with
7@ i'd for September. Tho lowest sale
WIS AT 7.21 ard ficm that point the price
advanced rapidly, touching 7.4S just be-
f1re the close. December scld at SOS on
the opening, fell 70 C 80 advanced to : Oh
and closed at C.9e@7.cO. against 7.0id7 .O5
Yesterday.
IN New Orleans, September showed no
activity whatever. only one transaction
being recorded. October sold down to 6.62
curing the forenoon, advanced to 6 "A and
CLOSED at 6.72U6- 7c against 6.75@676 yes-
tcrday. December sold at 6.6t for the low
est and SO highest.
Fairchld & Hobson's cotton letter nv
private wire TO +. W Hunter & Co:
New Orleans, August 25-The cotton
market today has beer subject to vary
Ing Influences with the stronger ones pre-
FALLING during most of the session Liver
pool came wee, dsappo ntiug losing Ans
holnts quite Unexpected Cables report
&C. the decline more principally due to n
,9ck OF spet ulatiJn and to the prospect of
t'earlng weather throuehout the cotton
belt Such legitimate intiuences nc wa
current today were sufficient to depress
inces, but the heavy buying by Wall |
street operators aid the manipulatJve tao
,ics of certain houses of the months of |
Septenroer and Oc' cber in New York were |
n sufficient in'pc, lance to outweigh ali |
'tner ln1uences and the result has been
,r ~. ii t' very weak morning market |
nr'ces turned strong AMI advanced some |
10 noiuts from tho low point I,ivernooI
3 que TO recover all her last ground for |
and unless this should be real |
~ ~ WI I'quire further MANIPULATING |
'oF'hs to sustain frees.
Now York August 25.--Atwood Violet
LOCKWOOD Co say of cotton: Several |
lines recently we have predicted more
probability of ar advance in spots here
nan decline, therefore a profit in con-
ract purchases that much more certain.
ouays Improvement in the former adds
'trehSth to nea' positions Unless this
market can Increase materially It's stocl,
u 'he next sixty days the September-Oc
ooer snort interest will apparently have
. hluidate at higher prices. October Is
D. oc under midohag. and vet October Will,
- spoy cotton l;acically within thirty
a Az, Ihsre seems ittle prospect of a re-
,,uction or middling below Sc in that Hive |
mere Is SttI a considerable short intarns;
? !, ), AUGUST, and what is being rece;yelNor
IN De receiVed-on August contracts will
,r eH No ie, consequently further reduc-
oirtineht very naturally fight shv az
ney have been Promised i65OO, 600 crop
~ PTS as early as last year Taere
ffsrs n,,.n nor enough movement to make
NAT when the spot demand does deve'on
MI DC on large scale. The huyins |
ya,'su,s. iargely as we said yesterday.
Nohs 'nose uncQnnected with the cottnr, |
larket More mills will resume next Mon
The stock market seems waiting nm,
mas ioS' ies shai' for the present.
New York, August 25.-rhe cotton mar.
et opened easy at decline of s6,,
,'iS' cables failing To give support look
Tor. while the average of crop news
as regarded as bearish, although mora :
less conflicting. Following The frs,
W however, the market broke Ans r,c,I,,s
~ au."u quite irregular. and more or |
- general active liqudatkon ens,ie6 IL
y aiterroon the market showed consid
s.oie speculative and recuperative cna,s..
= time and p cked up some Of az c
-, put closed barely steady. with 81 | !
y II points higher and other months
70 points lower o"'hs
New York, August 25-The dry goods
arket rs generally firm in all denar,- N
ents. though the demand for staple cot. I
ms Is less pronounced so far this week +
an was the case this time las, yaaL +
ooien goods and dress goods M an $50, v
= quite firm and in active 5s,ranSs
,siness passing in job centers is nia.n +
avy, the presence OF many h,vers -, p
/, , Jonoers busy day by day, In ssanie 7
/, s"ns ,nsre are no further advances ~ o
~, ne anu the demand Is only fairly 49,
,neu ON Drown and bleached goods. Pr,n,
''hs are very firm. rant /.
EVENING PC, Srsc cam