The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-07
in THE COTTON MARKETS
Statistical Information Of the Leading Ex
changes Of The United States.
FUTURES HAVE AN UPWARD TENDENCY.
rho Recent Flood Damages Arc OF
More Consequence THIN the
Bears VIII Acknowledges.
ofnce Of The Posi-,
Houston. Thursday. July 6.

While the bears are reluctant to acknow.-
edge that the cotton crop OF Texas has been
considerably damaged by the recent Hoods,
nj the same time 1t was the direct cause for
an advance in today's prices Not that there
was much OF rise In quotations, but the
steady tone ci tho market and the heavy buy
ing Of spots at both New Orleans and New
York would indicate that enough damage had
been done TO cut off part of the surplus and
thus make cotton nearer product OF actual
consumption. 1t is quite likely that an adj
vance of some Importance may be witnessed
in cotton within the next few days.
Spot market prices were unchanged at all
places. Houston and Galveston closed quiet;
no sales. New Orleans closed steady; sales
6soo bales New York closed quiet and steady;
sales 1886 bales Liverpool closed steady, de-
uand fair sales 10000 bales.
Liverpool futures opened quiet and steady,
! point down. ruled barely steady unchanged,
aud closed quiet at the opening figures or /
point lower than yesterdays close.
New Orleans opened steady unchanged to 2
points higher for july aud August. and closed
steady at Q TO points advance over all months
from the opening.
New York opened steady, ! to 10 points
Gown. ruled steady with an advance OF to
10 points. and closed stendy 10 points
higher than the close OF yesterday.
New orleans, July 6W, II. Bachelor II
Co. Ltd. say Of cotton and grain
DESPITE the Efforts of thl tearu YESTERDAY to
enlist Liverpool en- their side that market
was steady today at unuaanged prices lsals
10000 bales. ana our market upencd : poiats
W. 1t is lot question OF the value ol cot
ton oc ol speculative opportunities mat Is rn
lponHbie lOr the present. luI4uNIt! aIu luW
prices, but simply that the assheartened long
interests have turned loose an Ornuua
amoupt OF holdings at the decline IN prefes-
epcu 10 .ttainins au interest 10 COMMODITY
which seemed ioi a ume t. be incapable OF
advancing. The anomalous feature % the
aituatioh Is thai cotton mas not been DO Low
"a years nor tue manufacturing industries Oi
winch ~ 10 the raw material 50 actye aud
prosperous Yet, with these PLAIN fncls IN
view, aud despite the continued large con
sLmptive demand, the unusually favorable
weather for weeks past has caused some al-
Yseheusiuu In regard 10 the possibility OF
another extremely large crop This Ignores,
not only ne condition of the COTTON manu-
IActurnS trade Throughout tue world but the
Various contingencies tne season may develop
before TIN uGtire crop rs made.
Wheat opened AZ unchanged prices, notwlth-
standing lower cables, the principal stiluu-
Lifting feature at the time being less favorable
weather conditions in the grain belt. with
general rains and temperature normal.
Corn acted IN sympathy with the stoadier
tendency nf wheat
Oats opened dull and inactive at unchanged |
prices. advancing during the Afternoon ses-
sion In keeping with other grains,
Provisions were higher. with little activity.
New York, July 6.-S. Mum. Son & Co say
az cotton: The opening was quiet at 2 to 81
points decline on unsatisfactory cables. Liv
erpoo futures were ! point higher and spot
s.lrs 10000 bales at unchanged prices The
market advanced points an covering aud