The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-16
COTTON MARKET REVIEW.
Az Advance of Eight to Ten Points
Mas Recorded.
LIVERP00l'S BIG SPOT BUSINESS.
Lnrgc Sales In That Market Caused
BETTER Eccling-SpcculatiVc
business Is Light.
Office OF The Post

| Office of The Post,
Houston, Tuesday. June IL.
There WIS an Improvement of SWio
points in the American speculative mar
| sets TODAY. following an advance of H.
Ga at Liverpool. Nothing of especial
| Importance in either weather or statls-
,isal news brought about the change Of
| feeling \ New York telegrm stated that
| buying orders from Liverpool found little
| cotton for sale. and tho pressure from
rurcnasers resulted in the advance.
onhtess trades ave beginning TO realize
that the next crop IS Vet to- be made. and
| think that present prices are low enough
to he basel unon uncerta nty
liverpools SPOT sales wese 1000 bales.
aud this !ncrease of Business helped 10
give better toac TO the market. Sales
In Southern ma rkets were light but they
looked largo in comparison with the re-
'ceipts' Spot prices were unchanged. with
% stcadv TO firm tone Northern SINNERS
continue TO make purchases in the New
York market. and ara rapidly reducing
the stock there as well as elsewhere.
II Is difficult matter fee tho cor
! servative trader 10 arrive at a definite
conclusion in regard to tho future of cot
ION valNes. which is doubtless the main
| cluse of the light BUSINESS that has heo,
done re,e~tly. \ glance at the small
stocks in this country is certainly enough
to mako onN feel dubious about the next
crop making I'M for the big deficit that
viii he seen in the worlds surplus at
the end of this season. And vet It is
possible for this to he done with tho rtos-
| c't acreage and the present outlook.
At indav's sssS,o, New York futures
ononei quiet and firm with Aupust s,,,linr
ut IN The price then apctuatea he
tween 71S1I7. n for two ,r thrce hours h,,t
ad,-1ncei to 10 during the afternoon.
ri,o, e.. -, go 90 -, - 80
We ''--i''-S' "edihSl "iS
Nflf Yesterday. December sold at GU
| eeely in tho session, hut touched $50 by
,b., ,,o.a
II Now Orleans tho first sale Of October
was at go. From this the nrjce aronncd
~
% '.+'' then heEAN advancing aEaln ana
rdl"hci : A, The close was at 652U6.N.
against G 4sa6..i Yesterday.
Mr. r 7, NaU of New orIears va,
in the city today and was introduced to
the members of the Cotton Exchange by
Mr. {. H. Lucy. Mr. Nell IS contested
with tho firm of Neil Eros. the we'll
| known cotton statistician. and is in Texas
FOR tho ,,u,.ro-,. ,c ,,,.,i,t..- ,,.a.,t.,,i
H. -, NV -. ''''''
a. V~',iI 10 'hc growing crop OF 'Ttoh.
~ IL IaIg 81 new cotton promises 20
uc on 'nn market ms year aheal OF all
pirN'oIS frcofns me San i'e.na sun
saws the tfst cotton viii 90 to the Gin
on Juhs 10 san Diego Is IN l)uval couriN.
wnlcn mas put Inc ilrst hale on the market
TOT SIN years IN succession, Inc eatUeSt
ever known was in lS'4, when the first
| bal" reached this market on June u.
| ~,
M'"F " f'e''dle'oh OF New YORK Write:
There Is n sha1.p contrast bet yyecp the
| hull and boar ,rtersSt ono aa,,o,,,i,,y ~,
| ,.,.1..,,.i,,, -,
''''''@'' '"' i'""""' OF activity ana m
| creased cons umntion n product aud ves'y
| Ugh. stock in sight. while the bear side
solely depends on an asknoN lodged larse
theeflelds that night prove to be les than n.
| or ohN sui,'citht Tor constructive uses.
vbicr, r.o,,,, $50 ,, t,,' utpiG,
NINA We ti,i. ~, ,o ~ 80, ~
| uanfpulation and ,bat iiirt,,,, ,b,. .,,cis,d
! Ing weeks II viii he eofer 10 Inv ON s,,or,.
| breaks. but there Is mud s@ntiment il;
| mo strent MI favors tba fnetl,ods Of ~,
| hear side, md thev hay. n very rooi ar
! rrnent In the growing CROP
| 49,, eo' 10" ma Ne.
"dS sVo'N' "loh prices H'eiler ny ""i
points on the first call. aztec which there
was n fur-the, advance of SqS points. fol
| N1ncI,asia- ndvi,es AZ ina host IN ,'l,ci
markets showed a gain of 4Hl2 ne: points.
| At noon the net dmprovement was 5II6
points, with sales OF 5000 bales at th.it
hour. Then tho bureau report Was an
| noHHc'i, me imnedtate ehect OF which
was a decline of lH2 points. as the official
n'uiS att'l gt,tc'al lfhproNenent
,th Satb ,. t,i IN 1''io w Vo,toll nell
hons r.,,iruioriv soo. mo ro,i az con y.
~, ~, t ,..''tiS So.ai, INC crop t"lefallN
weather is needed over tho northern part
! Of Texas. The report was sSlzel mon a.