The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-14
IN THE COTTON MARKETS
Statistical Information Of the Leading Ex-
changes Of the United States
FUTURES SHOWED AN UPWARD TENDENCY.
All spot Markets Were Unchanged,
with Good Foreign
Demand.
once Of The Post.


Both the American and foreign future mar
kets showed tendency upward today due TO
better advance for spot cotton and the In
clination OF shorts to cover on oversold ac-
count. The market was hardly a success for
either the bulls or bears to any apDreciable
extent. yet the bulls had the best of the day
for the reason that they were willing to
take a limited amount OF cotton at the lower
prices of yesterday which the bears had
forced down to what was believed to be the
bottom Both sides are arranging their ac-
counts preparatory for this months results
in the crop situation. which will decide the
true status of crop prospects
The spot markets both at home and Liver
pool were unchanged. Houston and Galveston
closed quiet. with no sales New Orleans
closed quiet sales 1850 bales. New York closed
stesdy sales 1876 bales. LIVERPOOL closed
quiet. sales 10000.
Liverpool futures closed steady. with an ad-
vance ci point.
New ORLEANS opened steady, to ? points
uo. and closed steady, poiut net gain owes
Yesterdays dosing figures.
New York opeuod quiet, TO 3 points UP.
ruled steady. with further gain OF l to 3
points, and closed quiet aud STEADY point
unser the oponlne figures. Get gain iron.
yesterdays clos: of ? points.
New Orleans July 10. w II, Bachelor &
Co Ltd. say OF cotton and grain;
Notwithstanding the buoyancy of manulAc-
tured goods aud the advancing tendency OF
provisions, cotton continues 10 be the weakest
OF all commodities, Some relief had been ex-
pected 10 result from the Hooded districts OF
Texas. when a generous advance was looked
tor. but the news seems TO pc considered more
or less sensational. Ine thirteen counties III
iected by the brazos and its tributaries ra,ss
apout 5o0,"V0 bales. of which 80 per cent Is
rechoned q total loss THESE counties repre-
sent about per cent OF the total Texas crop.
Liverpool seems more disposed to be guided
BY facts than disturbed by uncertainties. Fa
lures advanced Ltd. spot quotations I'M
changed; salee 10000 bales. Cur market
points better than last nights figures ana
closing at ABOUT the same level Better LiN
erpool cables fallsd to influence any change
at the start on this side.
The effect of the large receipts Of wheat
from the Northwest anu reported favorable
weather was only temporary. AID selling was
checked By further reports OF lot weather in
FRANCO and Germany. There was some buy
Ing by commission houses. which also CON
tributed to the steadier feeling.
Corn ruled duh and inactive, Country Of
ferings were small, but on Improved cash de-
mand prices were influenced to higher levels.
Oats responded to the lower tendency OF
wheat and corn at the opening, but on better
general demand and buying by shorts and
shipping houses considerable activity devei-
oncd in this commodity.
frosisions were strong and active. pork
onen!ne with an advance OF lac overnight and
advancing further during the day. Good ior-
elGn and domestic demand is reported.