The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-18
RAINS SENT COTTON DOWN.
Fall Futures Fell Sixteen Points at
New Orleans.
DROUrH RELIEVED IN ARKANSAS.
Good Rains Reported at Many Points.
some Moisture in Texas-TAe
Spot Market.
Ofnce OF The Rost.

douSton, saturday, july II.
That II IL wholly n weather market was
demonstrated today. when rain reports
from Arkansas caused decline OF i6
points at New ORLEANS and eSfsl points Mt
New York. The rain In Arkansas came
lust at the right time. for the crop OF that
State was IN critical condlaion. Texas
had a few rains TO chronicle. but the pre-
cipitatlon was no more than q drop In
bucket when the area said to be in need
OF moisture is taken into consideration.
Rains IN Texas would mean a great deal
moro them rains IN Arkansas, for 20
world Is depending upon this state TO fur.
nish a third OF the United States crop.
The continued lack OF rain is therefore
likely TO exert builish intiuence and may
cause quick recovery OF today's loss.
After the market closed kilograms were
received noting additional rains in North
Texas.
The spot markets were generally quiet
and unchanged. though Houston closed
i-1bc down. The reduction here was duo
10 an actual sale OF 1Sa bales on the basis
OF Z b-sc for middling. Despite the known
scarcity of cotton. there has been very
little demand recently In this section,
There are a few hundred bales for sale
here. and II Eastern spinners are in necl
of the staple they can buy 1t cheaper IN
Texas than in New.York. during the
frciGht rate WAT. Coeton can be carrel
from Galveston to New York now for 50
cents per bale With middlinE gulf quoted
at Sac there and : 5-sc hero. all the uc-
cumuiatlon of commission. Insurance,
COMPRISING and other charges would
fhn nriS, al Ia t.
in New York than IN Houston. Buyers
in the former city seem to want their
cotton ON the spot. however. and ere max
ing ve~y few offers in other markets
An active demand Is expected from all
quarters, though, as soon as the new sea-
son opens. The remnant of the old crop
now on tho mar1fct has been picked ovor
time and again and very httle desirable
staple can be secured Cotton fresh from
the fields VIII be wanted by spinncrs the
world over and the Houston market prom
tsss Ito show some lively competition 10y
the middle of August,
Liverpool did not make very enthusi-
astic response 20 yesterdays advance on
this side. Futures there ranged from Ltd
10 iis-6id up at the close.
In New York the market opened steady
at a dcclne OF SQ5 points. August sold
at TSP early In the session. fell to Z. As aud
closed at 1867 Al. against 1.54diT IS yes
terday. December sold at TIC for tho
highest and 7.o9 lowest, closing ait 100
IN. against TO yesterday.
The first sale OF August IN New Orleans
was at TAO and the lowest 742. The clos
itg was 1897 ~, against 5iai7 Is yester-
day. October sold at 6.S5 soon otter the
opening, but fell TO d.T6 by the close.
The worlds visible supply of COTTON de-
creased 15S.on bales this week, against a
decrease OF l2i0lS for the Same week last
year. The present supply Is 1854 bales
less than on this date in 1896. The follow
ing figures show the worlds visible supply
OF cotton on this date for four years:
This week 1897 .......................1,6 sos SIs I
This week 1886 ............-.~......1,y77 biU |
This week 1895 .,.~...............,...3O 65 30 |
This wcek 1884 ........,..............2,blo 81 |
The weekly movement OF cotton at ~ |