The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-18
in THE COTTON MARKETS
Statistical Information Of the Leading Ex'
changes Of the United States.
THERE WAS A SHARP ADVANCE IN FUTURES
spots Closed mt Unchanged Prices
with an Excellent Cash
Demand.
ONCE OF Tho Post.
Houston. Monday. July II.


The future cotton market today made a
show OF recovering q portion OF the loss sus-
tsined last week. Favorable Liverpool cables
showing continued fair demand for SPOT
cotton coupled with activity by operators at
home and the covering by some of the bears
were the factors which caused a reaction
and carried prices to 0 points higher The
reports on the crop situation continue favor
able in the main. though there are accounts
from portions OF Texas which state that the
army worms are doing much damage and may
lead to serious results. Complaints are also
being made of damage by grasshoppers in the
central belt and that rain is needed In the
Atlantic States. The bears are no doubt
getting little anxious regarding the general
situation and should there occur even the
sn alest retardinE influence % the crop there
VIII be a scramble to cover which will force
up prices
Spot markets were unchanged at all places
Houston closed uuiet. sales none Galveston
closed 0uiet. sales 30 bales. New orleans
closed steady. sass 1850 bales. New York
closed duiet and steady. sales 3il bales OF
which 14l were to spinners and 200 OH con-
tracts. Liverpool closed steady with a fair
demand. sales 1000 bales.
Liverpool futures opened quiet and steady
at UNCHANGED prices ruled steady. unchanged
to / point higher, and closed steady. point
net gain for all months.
New orleans opened steady. to points
higher and closed steady. with further
gain of 3 to ; points. net gain over Sat
urdays close of to noints,
New York opened steady, / to points up.
ruled steady with further advance OF | to
points. and closed steady. l point OFF to l
point higher. and at unchanged prices, tho
quotations being 8 TO o points higher than
the close OF Saturday.
New Orleans, La July Nv. II. Bachel-
Ter & CO. limited say of cotton and grain;
The cotton market appeared to have awak
ened this morning from Its torpid conditions,
opening points higher, closing finally at the
best prices OF the day. Manchester reports
good business with important sales for China.
Bombay has been good buyer, also that
most looms have been sold out to the end d |
the year and somewhat into next year The Il
Lancashire holidays which begin this week
VIII reducL consumption for couple off
months. France and Germany report good
current business at irm prices 4 he under |
tone OF Liverpool was decidedly more bullisn, |
futures were advanced l-b4. spots unchanged, |
sales 10000 bales The tallacy OF selling snort
on favorable prospects may yet be very torc- |
BY impressed upon the minds of aGnguine |
hears which course does seem most unrea
son1ble in the face of expanding trade az
using prices II viii only require the as
suranco of q moderate croo to turn the lido
az affairs
Lack Of casa demand more favorable
y Lther heGsy receipts and lower English
etbles influenced easier opening of the grain
oarkets Assisting IN the depression today
were many recruits from the recent bull
ranks. but speculation was mainly PROBES
sionnl.
Corn was weak. in sympathy with wheat and
the opinions that recent rains In the corn belt
were favorable to the crop.
Il