The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-29
IN THE COTTON MARKETS
Statistical Information Of the Leading Ex.
changes Of the United States.
SELLING PRESSURE FORCED fuIuREsDowN
spots 10th Mt Home and In Liverpool
NEUTRALITY-SUSPICIOUS. Mt New York
and Liverpool Good.
onIce 81 wac posi-


Houston. wednesday. June g.
Prices In the future markets at homo de-
clined several points today on selling pressure.
Lones became discouraged on the bearisn
crop REPORTS and lot 20 some round lots. Liv-
erpool advices were also unfayorable al
though there were sales Of 1900 bales, with
a better demand expected.
Spot markets. both American and Liver
pool. were unchanged. Houston ard Calves
ton closed quiet. with no sales: New Orleans
closed easier sales 1900 bales. New York
closed quiet: sales $500 bales. Liverpool
closed quiet. business good and better de-
mand: sales 1900 bales
Liverpool futures closed barely steady at
y point below Yesterdays quotations.
New York opened steady l to 2 points up.
ruled quiet and steady at a decline OF to
points and closed barely steady with a fur
Their loss OF to 3 points making total loss
for the day of to points. The highest
and lowest points reached for August were
$50 and 554 and for october 5.ee and 60.
New orleans opened quiet at an advance
OF l point for January. September and De-
oember. and closed quiet and steady. 4 TO
points lower than the final figures OF yester-
day. There we're some bids at this market
for April and MAY deliveries at 5.52 and sos
respectively
New Orleans. La. June 2s.-W II. Bachel-
Ter & Co. limiteI, saw Of cotton and grain:
The failure of our market to advance in
the face Of steadier Liverpool was dscour-
aging to those bullishly inclined and caused
further LIQUIDATION. 1t IS worthy Of note
that the decline in spots in the Liverpool
market has been slight; there is q continued
ABSORPTION Of surplus supplies there on
scale that would indicate that nothing of
decreasing character has develored In me
manufacturing situation, However some fear
Is entertained that the present liberal sto, ks
Of raw material cotton and favorable pros
tecis OF the growing crop NAV result iu an
increase In surplus supplies Nevertheless
many maintain that the reduction IN this
wear s acreage is not given the conslderat on
u deserves our Judgment is that the chances
largely favor the purchase II cotton for in
vestment on the basis OF present levels for
the next crop
First nrices on wheat showed an improve
meat although the general CROP news was in
favor Of the bears. which influence Offset the
noticeable heavy CONSUMPTION which seems
20 be IN order. The trade however. seems TO
be waiting for Some decisive news concerning
the European CROPS which will finally regu-
late values, Livernooi cables we're at HIGHER
levels The market hv Its rapid variations
Indicates that large interests have no seruple
H. changing their position from time 10 time.
which alone causes ranid and even violent
nteiuaiions The only conclusions to he
drawn there is that wheat can be sold advan-
taaEeousiY on all bulges and purchased
al recessions with equal safety
Corn ruled steady In Keeping with wheat
with continued good demand
Oats we're also steady. good country de-
mand and some covering by shorts we're the
sustaining features
Provisions were higher TODAY from start to
hnish. largely on heavy shipping business.
New York. June 2s.-s Mum. son & Co.
say Of cotton:
Al the opening prices were unchanged to 2
points higher. LIVERPOOL opened at port
advance and closed V point net decline. Spot
sales 5000 bales prices UNCHANGED, De-
clned on selling by recent purchasers on
report Of beneficial rains. Closed barely
steady at to points net decline from yes
terdav. Crop accounts and weather condi-
tons arc generally favorable, LIVERPOOL con-
tinues to buv lightly Of near months. from
which our market derived it, principal sun
port although bears are becoming more cau-
tious. sentiment and conditions undoubtedly
favor them, II Is much easier for the mar
ket tho decline under It's own weight. the
general tendency II ANYTHING is TO decline
when not SUPP 1rted than IT. Is to advance The
absence OF active support will. we believe. al
low us 10 again see nrices rs low as last year
unless some disaster overtalIes the new crop.