The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-14
in The COTTON MARKETS.
Prices Closed Lover at New York
and New Orleans.
INTEREST IN THE AUGUST OPTION.
New York Papers Contain Adver-
tisements of mn Attempted Cor
ner-Wcnthcr Conditions.
st IN THE AUGUST OPTION.
Office Of The Post,
Houston, Monday. June 10.


Speculative values held very steady In the
cotton market early in the day. but soon
| veal pned and at the close both New YORK
ADD New Orleans were to > points below
Saturdays prices. The August delivery in
New York was quite active during the day.
touching $50 soon after the opening, dropping
TO 10 and finally closing at 6.54, against COO
Saturday.
Z seems that New York papers of Saturday
contained an advertisement regarding the Of
fort to make an August corner, which has
created renewed interest In this proposed
manipulation. In writing of this Hubbard
Bros & Co say: what will be the result Of
this effort to advance the market through adj
vertFcments can rot he fcroshadowed, and
we will not attempt prediction. The trade.
remembering the losses nf prominent operators
IN the last who have attempted to advance
prices on scarcity, is skeptcal as to the
profit Ia be found in bulling n surplus. How
eyer. so lcng as the buying continues August
Will ad, ance. rhe problem is, will the spin
ners eventually buy the holdings of the bull
crowd?"
In referring to the same matter pron-
merit New Dreams firm says; The situation is
a peculiar one; everyone fears selling as an
attempt at manipulation is going on in the
nea- months in New York, and our market, IN
sympathy. is more or less Influenced ON the
other hand, buyers are fearful that the pro-
jc.tcd squeeze may fail to materlalize and
consequently are somewhat chary about en-
ternS the market. and between both, opin-
ions are mixed, and the natural consequence
is = restriction Of business
T.itt1a iutpregt was taken tho new crOpl
dcly cries today. There is still some complaint
OF leck of rain in the Atlantic States. but
throughout the remainder of the cotton belt
tho weather is favorable.
Hunter ~ co.'s Cotton Letter.
u. ". Hunter & CO. say nj today's cotton
market Liverpool sold 5000 bales on the
srot and advanced Il 6ith en- contracts. New
YORK sold up 3 points on August, but was
lower on the new crop mouths, the entire list
selling off in the late trading, and closing 81
points lower than Saturday. New Orleans
opened easier to points lower and further
declined to points,
New York, but he got all he wanted from
legitimate sources and the month broke 10I
points from the highest 1t seems that bull
many Glatlon OF August Is rot to be profitable
work this season Weather reports today
were, as a rule favorable, and had due inAu.
euce Oh prices. sun n scalring market with
Dry Goods Market.
New York. June l3.-The result Of last
weeks trading In dry goods has been satisflc-
tory enough to give the morket wide awake
inspect to-day, which does not compcrt with
tho weather. The movement of seasonable
dress goods in part woods and all cotton
INES has been quite lively recently. other
strictl" summer lines of dry goods have had
satisfactory sale. The war supplies being
wen under way and subject to few variations
Iron the hrst programme are occasioning mo-
particular feeling in the market The status
OF the lines covered by these goods has been
clearly established and no one worries about
IN? immediate future of these goods. AS a
rule tho lines Of ducks and drills concerned
are cleaned out in first hand quarters The
de'1ahd for staple cottons shows no change
frlGt cloths are again quiet at &c, but sellers
are mol APT to part with any large part of
the goods. odd goods are In fair demand at
prices based on the price OF regulars.
New York Cotton Market
New York, June lS.-The cotton marker
showed unusual regularity today, the new
crop positions being unsettled and feverish
under liquidation and quite heavy selling for
inc fall account while the summer account
shows rather firm undertone on sunport
ron tho bull clique. Fluctuations were quite
violent at times. Opening easy. with prices
u points, the range of prices for the rest
OF ia. session was matter of 10 points I'm
the afternoon the bears hammered the marker
vigtr onsly under predictions from Washing
ION Tor showers over the Atlantic cotton re-
ZION ana reports that prominent Chicago
bull was in financial difficulty
AZ the close the market was steady at loss
OF to points. ''''
The Roll Wecvn.
fort Lavaca, Texas, June 12.--About sew
cnty-hve representative farmers of this coun. |
~ met at the court house Saturday evening |