The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-28
in The COTTON MARKETS
FUTURES ARE PRACTICALLY UNCHANGED
spota Unchanged Mt All Places
Liverpool Prices Hardening
with Good Demand.
ono. Of The Post.


Houston Thursday. July "a.
small. narrow market was experienced in
contracts and for the day prices showed prac-
ticaliy no change. The course Of the market
for the present will probably hinge almost
exclusively on the weather reports, AS a
consequence operators as a rule are not dis
posed to make ventures that amount to much.
corfning their operations chiefly to scalping
transactions. and this they will no doubt con :
tinue to do until the crop situation Ia dem
ite;y settled and the yield estimated beyond
surmises. Liverpool future advices were not
SO favorable but the good demand for spot
cotton. sales being 1900 bales With harden
Inc prices evidently prevented the American
markets from closing lower.
Spot markets closed without change Hous-
ton and Galveston steady sales. New or.
leans steady sales 400 bales, New York
Quiet; sales go bales. Jiveroool steady with
an increased demand and prizes hardening:
Gales 1900 bales.
Liverpool futures opened steady and I'M
changed. ruled steady and unchanged and
closed dull at opening figures
New Orleans opened steady point higher 20
TO to 3 points decline and closed dull I'M
changed TO ] point lower than the last fe-
ures OF yesterday.
New York opened steady, 2 to points down.
ruled steady unchanged to to 8 points high
er TO points lower and closed steady.
point below yesterdays close.
A. ]. II. Landauer n Co. of Liverpool gives
the following: Estimated constitution OF
American cotton for season iss9-l9O0; Great
Britain 100000. continent 100000 United
States. Canada Mexico. etc, 3,65o.OOO: total
lo,s5oo00 bales.
(srecial TO The Fost)
New Orleans. July 27.-w H. Daohcllrf &
Co. Ltd. say Of cotton and graia:
The steadiuess OF foreign markets aud the
growing movement OF cotton manufacturing
.ndurtrles have evidently produced an effec;
on sentiment 1t is now understood that Mr..
Min is now disposed to take more con-
ss'ratlve view IN his estima-e " present :ruo
ocnd'tions ana probable results These cir
cLinttances have created Il more cautious FEEL.
Ing among the bears, aud, with the market
somewhat oyersold the appearance of little
buying was calculated 10 induce moderate COW
erins by shorts aud railyng tendency IN
prices European bears wonid indicate that
tttir Interpretation OF the Washington de-
tailed weather report was not as brilliant In
Ierard 70 crop conditions as pictured, with
q large yield by no means assured Liverpool
wac higher today tsalcs 1900 balesi and a
ccI tiruance ~ such liberal sales would have
2 tendency to causa further dismay In the
beaI ranks.
Lower Liverpool cables induced easier prices
In wheat this morning and further fayorapie
reports from the French crop caused addltori
a decline. The lack OF inquiry for cash
whta; was an element OF weakness at the
time.
Corn opened lower, despite higher English
cables and noticeable lack of rains general
y, which had tendency 10 check the depres-
sion Induced hy the weakness In wheat
Oats were dull. with prices practically I'M
ohsnged. The different grain markets closed
A. Attn me lowest of the day under liquidation by
Provisions opened slightly better than last
niahts close. but large receipts OF hogs and
i lowe, prices at the yards brought about n
decline. OF l2c In pork which was partly re.
covered. however. due to packers taking hold
neely on the decline.
San Diego, Texas, luly 2e.--rhe San Diego
Gin and Mil Co ginned hfiyen bales OF new
cotton today This Is he nrst sinned in Du.
Yal county same will be shippcd to n Gus
hett Corpus Christi
LuIine, Texas July 27 The nrst bale OF
rev cotton for 1899 came IN today Il was
raised by Mexican named l,afel Rios. living
MGR Iraime Lea; was ginnel ~ f. eddie
81 Luling; ciassed strictly midlne, weighed
90 pounds md sold FOR "a cents.
New York Gotten.
New York. Jnly 2G-Tho feature OF the day |
In the cotton market was the strengthening
out of ventures in the August position BE-
fore the market opened there was n confusion
Of IDEAS as 10 the probable amount OF notices
10 be nut out. some estimating not more tim |
l9,uuO. whiio Others were confident that 30 900
were TO be distributed Prices opened | 20 .
uolnts lower. sold OFF under pressure from
the bear side toeother with some liquidation, !
scapeFs aud the Europein contingent favored |
the Ghort side for time A number Of in
vcetmenl orders appeared and before the end
or the FIRST hour the weakness had been sup
planted by marked irmness and the decline
by AZ \'sanee OF : 70 8 points. AS the mnrket
rallet Wall street. bought and the bull In
terest egained confidence ACCOMMODATING the
hardening of tho MARKET came reliable reports
that number OF the housez which issued
mcst Of the August notices had repolsiderel
their action ard were mHldng an effort To re.
gain pcsaesaion. Iaicr the demand from Wall
street having hcen satisfied the marke, went
slowly off. with August at one time even
showing positive weakness under raalgiug.
Speculation subsequently dw'nd,rd do'rn 10 a
sroli interchange by the talent" with the
market finally steady, net UNCHANGED to :
points lower.
New York Dry Goods.
New York. July 27.-General demand for
cotton goods ut first hands and iobbcrs doing
n good business. Blceched cottons were un-
changed IN prices and in good request No