The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-28
In THE COTTON MARKETS
Statistical information Of the Leading Ex.
changes Of the United States.
THE MARKETS SHOW A STRONGER TONE
Futures Both ut Home and Mt Liver
pool Advanced--New York
Also Advanced.

There was another reaction in the cotton
markets again today. due 10 covering by over
sold shorts. and quite number OF Investment
orders, coupled with a steadier tone at Liv-
erpool and desire to buy. Speculation, too.
has again revived to some extent and Wall
street is now figuring quite conspicuously.
The perfect weather is said to be forcing the
plant in remarkable manner and the pre-
diction is being made that unless unusually
bad weather sets in during the next Ave or
six weeks cotton will be coming In freely
by August 1. Caterpilars and boil weegils
are being complained OF in Texas and Geor-
gia, but the damage being done by these
standing the hopeful outlook for large yield,
and the low price of the raw material. tho
cotton product markets. not only at home.
but abroad as well is strong and splnners are
sold ahead as far as January i, 1900.
Houston and Galveston spots closed ouiet
and unchanged, no sales; New Orleans closed
steady and unchanged, sales 1000 balca: New
York closed quiet l-t6c up. sales 1894 bales;
Liverpool closed quiet and unchanged with
a fair demand and steadler tone. sales 10000
bales
Liverpool futures opened quiet and STEADY,
point advance for SPOT orders ruled steady
and quiet at same figures and closed quiet,
with a net gain OF 1 point for June. and
loss of point for March-April. other months
unchanged from yesterdays figures
New Orleans opened steady at a decline OF
point and closed steady 2 to points higher
than the opening. The highest figures for
August and october were 5.37, the lowest 5.Si.
New York opened steady point down to
point up, ruled steady l to points advance
and closed quiet and steady with further
advance of / to 2 points being TO points
higher than yesterdays close. The highest
and lowest for the day for August were Sol
and 49, and for October ) &c and ISL.
New Orleans June CIV. Fl. Bachelor &
Co, Ltd. say of cotton and grain:
Liverpool opened and closed on the day
with prices a shade better ON futures; spots
Unchanged sales 10000 bales Opening prices
ere were ou 4 par with the closing prices
yesterday, closing. at the highest OF the day
The weather from now on will be the factor to
he considered from speculative standpoint;
unfavorable conditions might result in mod
crate aggregate yield and vice versa. The
fact that general conditions were favorable to
growth during the past two years is the ex-
panatton4os the large stock now on hand so,
Ii only an average crop should be grown this
year, the increased consumption would absorb
all the cotton now on hand, as well as what
the South could produce, Cotton is on COM
paratiyely low basis particularly in view Of
the tangible increase in the worlds consump
tive requirements
Enormous receipts at primary points. also
lower cables. acted as "A depressing feature at
the opening of wheat Later Il better tone de-
Neloped, With a rally in prices-probaby
prompted by shorts covering and the belief
that liduidatons were about completed. Com
menting upon the influence OF heavy liquida-
ton, which has been SO prominent in Liver
pool private cables received today state that
the heavy selling from that cause is practical
ly over and that reactions should now be in
order. Advices state that, while temporarily
receipts appear excessive, they do not exceed
port requirements.
Corn continues firm, cash demand excellent
with large sales recorded,
Oats ruled firm with fair cash demand
Provisions show an Improvement on the day
Influenced by the tendency of corn, as well as
an improved cash demand.
New York. June 27--S. Mum. Son Co.
say of cotton: Cotton opened unchanged to
point higher-cables closed unchanged to Y
point advance. spot sales 10000 at unchanged
rices-fuctuated within 3 points and closed
steady, to points higher than yesterday
Shorts covered freely today and sellers are
more cautious. We think the market low
enough for the present and liquidation about
over but on any further advance we consider
short sales are in order The weekly govern
mcnt report was considered favorable and
while waiting further developments we be-
leve the market will sag from want of sup
port. outside speculation does not seem to
be willing to enter the market under present
conditions,