The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-15
VERY LITTLE COTTON LEFT
The Supply of the Old Crop Nearly
Exhausted.
SPOT PRICES ARE VERY STRONG.
NcwOrIenns Advanced Onc-sixtccnth.
Futures Higher ut Liverpool.
Print Cloths Are Low.
Is ARE VERY STRONG.
Office Of The Post,
Houston. Wednesday, July "A

down for a few weeks or run short time
i will be difficult matter for them TO
secure a summer supply of the raw ma
tcrlal They are paying lAc per pound,
or s. 20 a bale, more for cotton now than
they were last July, and stiu they are
buyng twice as much. Maybe each mill
IS striving 10 fortify itself against pos
s.blc August corner. Certainly the supply
at ports In August promises to he the
smallest ever known. The total now Is
only ls3. seS bales and of this amount about
l2. 90 bales ore on shipboard awaiting
clearance.
What with practically no supply now In
sight and the future supply resting in the
hands OF Providence, IT would seem that
tn. bulls had about every advantage. but
the hears are still able to prevent run
away market. Continued dry weather
NIGH; cause big jump in values, wh'e
good rains would he likely to preclpitate
decline. Tn bulls contend, however.
that present prices on the new crop, aver
aging a cent below spot values are IN
doubtedly based on big yield. and that
seasonablc weather should have no de-
pressing effect. on the other hand, they
believe that unfnvorahle crop conditions
Will SHOW a lbN VI o~Nf4iA N'itAAN@a VI A''l
iuUre boards.
Liverpool sent over another advance on
snots today. Prices were marked up Lid
ami 1900 bales were sold at the advance.
Futures gained 3is-6id on the old crop and
4'a-fid on the distant posit ons.
The American speculative markets al
vluccd several points early in the ses-
sion. hut soon eased off. New York fu-
lures closed ed3 points lower than yes
teriay. August opened with 80 bid soli
at 7.'3 for the highest and dropped TO 7ii
by the CLOSE. aga INST 40 yesterday. d.
cember touched IFS during the forenoon,
hut closed at 7.os07.p. against 7.lou1.I
yesterday. . }.sisi
New orleans spot prices were marked
IN Lice, placing mddl.ng at NC. Sales
were l4ap bales at the advance. and This
cotton Will be taken from n stock OF jus,
1900 bales In prsses there. Higher spots
ami small supply caused July aud August
futures 10 remain very firm. and these de-
l.veries closed at an advance OF points.
Tho rev crop positions ranged from
point down To point vi on the close. Au-
gust sold AZ 40 shortly after the opening.
irll TO 7i2 and closed al 7.i3a1 "A. October
WAS quoted Al 6.sa on the first call, hut
rradually feil to G.N and closed at 500
Isl. e.2alnst Isl and 6.so.
New 'ileAhs Nfm Writes' Ihe fact
OF the matter is sentiment Is strongly
f,,,or,bla d, cofto, ..,j i,,s, ~ tr.. a.,
"''', ''S' 4'"- :"
AIoNhs Fct'iIA Sn1tl ana Hoou denhllu
Tor spots eN ST., prices will probably rule
stendy. We, notwithstanding ,b,, ,nn,rcn+
-.
"lsp'S4'loh s"o"" pS oPoFt'"'S 70 i'I'e
prices higher. We. 10 not coincide with
/ TIA, 50 views, and adv $50 against purchases.
corli hardy l." betler. AMI We ihink lower
f.IeS WIN iIliiiS,'sy nteVnil unleos s.
San Antonio Express: The cotton crop
In this imme Fate section is still In need
,f ruin The showers snrd4, t.,urhcd thc
-, ~,
couh''S OF kerr ana hehdai ana "'i
prove a great help TO tho crop in that Soc
tlon, While good rain Within week
VIA prove Of che greatest benefit to tho
crops IN the "!'ncent country. the plant
Withstand the DIS weather for nearly TWO
weeks before Ut would SUFFER- seriously.
'"'' ''' NV S'''u" MAJ me-
opener hrm AZ an advance Of 2H+ points
further advanced 2V5 points, ruled rreg
ular IN the forenoon governed bv con.
uiotfn,r ,r,,, n.t,.;... i,, ,,,,,,,il,. a.,