The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-21
in The COTTON MARKETS
Statistical Information Of the Leading fx-
changes u The United States
THE FUTURE MARKETS CLOSED LOWER
Liverpool CLOSED at nm Advance
New York spots on 1-1ec-Othcrs
Unchanged.
Office Of The Post.
Houston, Thursday, July 20.

Houston, Thursday, July 70.
Notwithstanding Arm Liverpool cables, witt
point advance in that market, and heaT'
buying by Wall street. futures both at New
York and New Orleans closed to point
lower than yesterday. The influence for thi
decline was reports Of good rains In districts
which have been suffering for some time ant
the heavy selling OF longs. Bears began thu
hammering OF prices at the opening OF thu
market and kept II UP until the close. Re
ports from the district around Memphis arr
TO the effect that the plant is small and no
strong. and that the crop win be less thar
anticipated. The general opinion OF cotton
men is that reaction will follow this de
cline and that much frmer and higher mar
ket will be had.
Houston and Galveston closed steady and
UNCHANGED; sales none. New Orleans close
steady as revised, higher grades reduced l-l6e
stTes 1900 bales. New York closed steady
i.isc down: sales 77S bales. liverpool closed
firm and unchanged, with a fair demand; sales
20 1000 bales.
Liverpool futures closed steady. point
higher with good demand.
New Orleans opened steady. TO points
down, and closed steady. with further dc
cline OF to points. being to points lower
than the close OF yesterday.
New York opened easy, o to points down,
ruled steady. with a further loss OF l to q
points and closed steady unchanged TO 1
point lower, a net loss from the last figures
OF yesterday of 5 to points.
New Orleans. July Gov. H. Bachelor &
Co. Ltd. say Of cotton and grain:
The FIRST English cables reported futures
fully l-s4d higher (spots 1-32d up, sales 1900
bllcs). but the improved situation abroad dill
not impress the bears as being sufficient TO
sustify even the holding OF yesterdays al .
vance. and in the absence of further sustain
lie; power prices sold OF. ~ - recalled tIat
Il, lsg5. when the cotton manufacturing busl-
ness throughout the world was undergoing A
severe depression. the market had pnenOme-
nal advance late IN the summer aud early IN
the fail The month OF August is a critical
one, and should that month bring any ua
favorable developments the cotton business IS
row in such state that an open market
would uuQuestionably make ready response.
Reported rains In the Gulf and Atlantic
States where drouth has recently prevailed,
induced an easier feeling toward the close,
day.
Such news as perfect weather generally N
the wheat belt. with unprecedentetly heavy
primary receipts at this time OF the yenr. fail
ed to interrupt the steadily advancing ten
dsncy inaugurated at the opening this morn
ing. Prices were also stimulated by the coy
erlng Of shorts for the past two weeks. anA-
ious TO realize the good profits offered.
Corn sold off upon reports OF fine weather
for the growing crops and liberal receipts
Oats opened quiet and unchanged, ruling
higher as the session progressed All offerings
were readily absorbed.
In provisions, profit taking was the feature
OF he early trading hours which soon wiped
out the recent advance.