The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-13
COTTON MARKET REVIEW.
Rain Reports From Texas Caused a
Slight Decline.
SPOTS STILL AT A BIG PREMIUM.
The Difference Must lie Narrowed
soon - Liverpool Futures We're
Lowcr-Stntistics of supply.
nfare of Tho Post.

longer spot cotton will he held a, the pres
eni big premium over the new crop fu-
tnrss II X a question that Will probably
have III, answer hv the LIST Of August.
within one month from TODAY new cot
ton Will I've coming in. and vet SPOT values
&, New York are still | cent Ter pound
above october contracts. III New orleans
spots ara worth HIS: August deliveries.
-. aud October can be bought for Il little
les, than li-l6. There must he a change
yory soon. Sptni,crs will certainly refuse
ia ,.ly HIS for spots in August Il they
M ~ offered options FOR ma; month iac
lnyy.r September Use lower and October
more than lc lower Either spois must
come down or futures must 70 higher
I'm, just at this time Their" are no signs
Of an impending change. To-Day the fan
deliveries IN New York declined SNi
points on rain reports from Texas. while
August only lost / point. spot prices were
hold at the lust advance, and sales
amounted to Ssn bl!s, including SIC for
expert M to spinners and COO delivered
on contracts. New orleans put the fan
futures down points but August only
lost pojrt. Since last THURSDAY october
has dropped ~ points, while the loss on
Aur5lst has been points.
The rains IN Texas Sunday AMI sunday
u cht were uuquestIonably of great benefit
In scvnrA sections and came just ut the
risht time They were not general hut
covered a considerable amount OF terri
tory nevertheless. Several points betweea
Houston ana san Antonio reported good
rains. while Eight rasns fell at a number
OF stations in Central Texas. The tenn
perAture is also much lower. and The hot.
dry winds of last week are no longer no.
ticoaple. Very many counties in tn. State
are SIN without moisture ana some arc
beginning to send in doleful reports. but
tn" situation as ii whole - not such as 10
create anv great alarm.
Al toSllys session New York futures
oueued barely steady. with IS asked for
August. The price Tell TO 13l during tile
forenoon, then advanced to 1876, and
closed al 75iG7.25 against 7.&Je736 Satur-
dHy Deeetnber sold at d.9i for the low
est, advanced to G9>. and closed at 6.g6u
Gs' against 7.0oa7m Saturday.
In New Orleans the trading was rather
light August first sold at 72i. then adj
vanced to rs, and closed at 7.25a7.g5.
AGAINST 7.26a7..S Saturday. October drop-
ped 10 d.e5 during the forenoon. advanced
10 G.6S and closed n; G.G5a6.G7. against 6.73
H5.d Saturday.
-, I'm Nv" iu'h tilt sew
e'''N'' nuns III i'ho"e 4s'ahI
"ou'a be closed Tor
~ "'eN d i''S' i mad no ehect upon the
market. New England mills have been
buying a great deal more cotton this sum.
No.. ~, -. -, ''
49, o''N ''i'ie mas peoh very
little snort time running ON the 81 OF
July. 1886 55ob0oa spin.lles shut dov,,, ono
III, 49,. -, -. -, V"- W
''''''' ~ '''' VIM tHis an amount
OF cotton WIS consumed that would tax
the present supply to satisfy H. n
NVonls A. 90 oc >-au- c,,...,,s IT, g..
following comparative figures:
Last year, in July and August
Sor,b,.rr ,,,i,,,e,.., tool, Aales,
southern sIinn.,fs took .,....' G5o.n
Exported ......... ......................157.ol $50
-
l"i"s .,,.."Iovp
july !. th.S NEUTRALITY-SUSPICIOUS.. l.eN
Macy fehdIeton' New YORK write:
"1'ho volume of speculative business is
h'' as fargo as 'ou'o ne Desired Du' mere
- t''7'' "'"' ''''' ''''e''S' - t'E''' ~
'''0 '"'"tV am t'e't u''' i'o'
'''''I "''e'' WIN Wv a''S"N'' nv
"',i'"'' S''1o 'u's mus no. pe'7h as IA
''''A"'o as ',o' 10 "'a' N"'e' ana ~ Is
'''"' S'oruS "i''i INNS VINE
'"' '"'E'S' eApeV"l''"i' perhaps ever
known was last year reduced TO an ord
nary crop by n long continued drouth
which may again occur in mnr. or les
form The price of September
cotton in August. 1896 ranged from 6S3 10
= 80 In 1896 from Gs9 TO 500. I'm 1891 from
Il "a 10 6sI ANA in 1874 from GnS to : n In
1850 from Ga3 to I r. ANA In 1871 from M
ia SyS The difference hCtwoon Aup1Ist
nnd S.ptemb.r cotton is nov only aho,,t
II points, and it may he that it viii dlsap-
man NJ mo ronGI"ncn Ia ,oi,,os or ~.
New York, Judy l2--lhc dry goods mar
ln' Is auet. Tho mail orders show no
change in character or bulk. tue hurry
orders being more freely in evidence than