The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-24
COTTON MARKET REVIEW.
Liverpool Futures Disappointed the
New York Bulls.
ALL SPECULATIVE MARKETS LOWER.
New Orleans Held Up Better Than
New lork-A strong Statistical
Positton-Notcs.
offcc of The Post.

Offcc of The Post.
Houston. Wednesday, June y.
l.verpool started off with bullish in,en-
lions. hut ended the Gay at decline of
l-sid9.6id on futures Spots were a."
vauced l-S2d in the foreign market before
the drop in contract prices. and sales of
ls.0on bales were recorded.
The failure OF the foreigners to respond
10 the bull.sh movement on this side gave
thc Aner.can markets a decided setback.
New York was especially depressed ana
final figures showed loss of 7a9 points.
For some reason New Orleans did not
show the same weakness and the total d.
cline there was only 4G5 points.
New orleans IS undoubtedly hilhsh
strol ghold ftom a statistical standpoint.
The stock of cotton in presses there Is
only $1,000 bales. Last year the stock did
not reach so low a point until July Ii. or
fuliy three weeks la,er than the present
date The minimum stock at New or
leans last season was u. 500 bales on Au-
gust {. If the present stock holds out
until that date 1t VII he necessary tor
receipts TO he larger and sales smaller
than during July of last year. At present
the receipts ara m,ch less, while sales
are lust large.
Weather news from the cotton belt Is
very favorable as a rule. though there are
some complaints hen, and there. In Texas
the extremely hot weather Is drying up
the moisture rapidly, but rains in July
would be sufficient TO put the plant IN
excellent condition for a long drouih. Ac-
cording 30 Fosters predictions, however,
the July rainfall will be below normal in
this STATE. Such a condition might mean
a repetition of last years bear panic
At todays session New York futures
opened quiet. with 7.3i bid for August.
The highest sale was at 7.37 and from
that potnr the price gradually fell to ~
and closed at 7.2snI.4a. against 1850 49,
Yesterday December sold at 6.s early N
the session, fell to $50 and closed at 6.slI
{. -. against 6Ssd6.S9 yesterday.
In New Orleans, rhe first sale of Au-
gust was at 7.13. the lowest at 7.os and
the closing was 7.09d7.l0 against 7.li'i
rs Yesterday. October touched $50 early
in the session, hut fell to 6.52 by the close.
4 New Orleans firm writes: Every
wear the same arguments are put forward
at the present time, but, nevertheless.
there has always been sufficient amount
OF Gotten TO meet all requirements. and
surplus as a rule is left over on Septsn-
ber I. Therefore believing that there VIII
he no famine in cotton. we are OF the
ou,ir on that prices will lie ruled entirely,
from row on, BY weather conditions; yrt
We advise against operations in the near
months. as trading either way IN these
positions can not be enSagea IN satisia a
toriy, and then again there is a possible
tty a. I squeeze.
New York, June 23-Thc cotton market.
discouraged by the failure of the Liver
pool market to reopen after an English
holiday since Saturday at an advance to
conform to the Improvement here. opened
quiet and steady at a decline of las
points. and gradually sold OFF until the
net loss was increased TO 3d7 points. In
addition TO the disappointing cables. the
average crop news was quite baarlsh. and
local accounts and for the purpose of in
creag!ng short interest. At the same
time advicAs from Fail Rivcr Indicated
very active market for print cloths a.
We'll sustained prices. and reported sales
of 1000 pieces Yesterday. The market
M dc 4 number tf small rallies dWinE the
cay. but the undertou2 was weak In
the aharuce of speculation, I.ot withstand
Ir the talk of a rev wal OF business
throughout the country at large: closed
quiet and steady 1T decline OF ,r9 points
New YORK. June 23.-fIubbard Bros. &
! Co.'S cotton lotter SAYS:
Liverpool disappointed the trade h.
showing only a slight Improvement. which
was not only lost but a decided decline
recorded before the close of business our
cables state the decline 10 be due To
continental selling. based on the good
orop accounts given In yestorday's co.
eminent report. Locally. The nervous
short interest having covered during the
advance of the paSt week the nearby nos
lions were left without support, while the
sellers Of Yesterday for the new crop alb
| sorhcd the offerings on the distant posi-
| lions. The decline in Europe has restored
| the bearish tone which has been the dom
| mating hgure for so long.
New York. June 23.--Dry goods steady
and without change Buying is still freer
than IT has been heretofore. Buyers are
| fairly plentiful. but only in contingent or
ders to certain lines of fall goods and a
few strictly seascr ablc fabrics in cotton
| goods. Stap,e cottons arc without feat
| ure Colorei oottons generally quiet.
| Print cloths are qG'et. sales Of odds con-
! tinuing with some freedom. Prints sell
with considerable freedom in all lines at
! rcoant prices. Woolen goods are In fan
request, dress goods being lees active than
| men wear fabrics
New York. June 2S.--l'he cotton OK
change will close from Saturday, July 3.
| 10 Monday. July ..
| Cotton Points.
Northern sp;nners took 1000 bales las,
week, against 1000 for the corresponding
week last year.
Stree Septemher /, l0 600 bales OF sea
island cotton have h received at United
| states ports, as compared with %, 800 last
season.
| MrNer Lehman. of Lehman Bros died
| suddenly in New York Tuesday. The firm
= ven known 10 the cotton trade OF the
| United States.
New ORGANS exported 5000 bales OF
| cotton last week and now has 600 bales
| on shipboard Last weeks exDorfs ,ver,