The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-13
in THE COTTON MARKETS
Statistical Information Of the Leading Ex
changes Of the United States.
THE HOME MARKETS WERE UNCHANGED
liverpool closed Down ON the Lower
American Markets of Yes
terday.
Office Of Tho Post.
Houstnn. Mednesdnv. Inly l2


The Liverpool market TODAY acted upon the
lower American markets OF Yesterday and
closed 2d3 points down. Spots also closed
1-32d lower The home future markets were
virtually unchanged. prices during the day
fuotuatinr within the narrow margin OF to
6 points. Trading was OF but little conse-
1uence. the holders of long cotton refusing
to sell at the low figures and the favorable
crop reports working into the hands OF the
bears they are succeeding In holding prices
down.
The home SPOT markets were UNCHANGED
LIVERPOOL was marked down l-32d. closing
with only moderate demand and sales OF
5000 bales Houston closed quiet. sales 90
bales. Galveston closed easy. sales II bales
New Orleans closed quiet sales 1000 bales
New York closed steady. sales 2l6 bales.
Liverpool futures opened quiet and STEADY
at decline or points ruled quiet ana
steady at further loss of ] point Tor some
months and closed quiet at same hgures be-
ing TO points lover than Yesterdays hnal
New Orleans opened barely steady. to
points down. and closed steady after regain
Ing from 10 points for some months, Others
being / to points lower than Yesterday
close.
New York onened quiet / to points down:
ruled steady. recaining | to 3 points ana
closed quiet and steady. with further gain
of pout FOR some months being even hgures
TO l point above Yesterdays closing prices.
New Orleans. La July 12-W. II Bncheller
& Co, li,tcc say of cotton and grain Lover
Liverpool, favorable weather map and almost
fetal absence of outside orders led to dull
and dragging market at the opening. with
prices some points lower, which was recov
cred at the close, however, final prices being
at the highest OF the day. Tho favorable tenor
of the weekly government crop report also
effected the market Besides the estimated
damage In the flooded districts of Texas is
about one third to one half the early estimate,
ranging about 100000 bales, aud With contin
uanee Of this sort of news reaction can
hardly be looked for. for the present at least.
At the same time the trade realizes that the
crop is not yet made, and that many adverse
contingencies may arise before II 10 gatn9rcd.
sun IN the meantime they show comparative
indifference and a Discrimination to buy while
adorable weather conditions are still the rule.
General Guinness prevailed in the grain MAJ
kets oday although some recovery was re-
corded upon the announcement of the Russian
crop failure. the report stating that Russia
could not under any circumstances. produce
more wheat than necessary for home consump-
tlon, Reports Of damage to Wisconsin spring
wheat crop also assisted in sustaining prices
our Chicago frieads advise purchases OF wheat
and corn around present level,
Corn was dun and unchanged at the start
closing higher.
Oats acted in keeping with other grains
opening at unchanged prices and closing
higher.
Provisions were mainly in the direction of
better level OF prices from the start, pork
in particular evidencing considerable strength
showing at one time an advance of 40 cents
over Yesterdays close.
New York, July I2--s. Mum Son h Co.
BAY Of cotton;
Cotton opened to 3 pointszdeSn on lower
cables for spots. Liverpool futures closed 2
points decline, aud spot sales OF 5000 bales at
1-S2 lower. Our market huctuated within 8
points and closed steady at about last nights
prices. There was very little feature to to-
Gay s marke. Transactions were light and
both sides hchtated TcXna situation il sill
holding the crowd in check as reports are
very conflicting. The conditions in other sec
tons of the cotton belt are geuernlly favorable
and we think an opportunity 10 enter the
market a httle lower down win be afforded as
81 ccul0tion do'H not Beem ia be willing TO
enter al these prices which are low, consider
ing all things.