The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-30
|INTHE COTTON MARKETS
Statistical Information Of the Leading fx.
changes Of the United States.
HOME FUTURES CLOSED A SHADE HIGHER
Liverpool Closed Lowcr--spots Tn
changed Except RevisIons If Low
Grades at New Orleans.
ofnce Of The Post.


There Is but little TO be said regarding the |
cotton markets today. except that at home
there was a slight advance In futures. while |
at Liverpool prices went shade lower. These
slight changee are brought about by the spec
ulators. who one dav are Influenced BIZ con-
ditions to buy and the next to let go their
holdings. Practically there Isl no change OF
any moment and prices win no doubt huctu-
ate up and down within radius OF a Few
points until the new crop movement begins
There we're eyisions in the lower grades Of
, Galveston and New Orleans spots. low ordl-
nary ordinary, good ordinary and low mid
ding being reduced hc, both closing quiet,
with sales OF 900 bales at New Orleans and
none at Galveston. Houston closed quiet
and unchanged sales IA bales: New York
closed steady sales 400 bales; Liverpool closed
quiet UNCHANGED business good sales 1900
bales
Liverpool futures opened quiet, with a
moderate demand. point lower TO unchanged.
ruled easy. point decline for all months from
the opening and closed at same figures. be-
ing point lower than the close OF yesterday.
New orleans opened steady l to points
down. and closed quiet and steady. advancing
to points a net gain of TO points for
the day. The highest and lowest for August
$50. the market closing at the highest point
of the day.
New York opened barely steady. to points
down. ruled oulet and Arm TO 6 points adj
vance from the opening and closed steady
losing to points u net gain over yesterday
OF / to points. August closed points and
October point below the highest figures OF
the day.
New Orleans, La. June CIV. II. Batchel-
Ter G Co, limited. say OF cotton and grain;
Lower Liverpool. with continued liquidation
and further favorable reports OF the growing
crop. induced lower opening this morning.
which was subsequently recovered, the mar
ket closing az nearly the highest point OF the
day. Liverpool continues to be liberal buyer
of the raw cotton, but the healthy state OK
the manufacturing industries are Offset by
the favorable weather conditions, consequently
active trading is checked, pending further and
more definite crop news. While prospects are
most promising for a large yield, there still
remains two sides TO the question. should
any unfavorable developments msterialze
during August the critical month, the option
market would unquestionably respond 20 the
influence. with rise In values. The present
lnaeuyity OF me contract market Is the re-
suit Of liberal stocks and brilliant crop pros
poets. In spite Of this, we believe the gen
eral position favors better results In the long
run.
While Liverpool cables were higher WITH
further confirmation OF domestic crop dam
age, such factors failed to dominate at the
opening, scoring a decline instead. Adyices
from all sections OF the spring wheat country
report damage from rain, followed by eX-
trsmely bot weather. The Illinois State crop
report estimated 81 per cent OF the crop lost
and the conditions of the balance IS per ceut
Corn was dull and heavy under pressnrl
OF liberal receipts and more favorable croi
conditions, besides clearanoes were light.
Cash demand poor. Onts were easier from
the start Provisions were easy. the weakness,
being centered in pork.
New York, June 29.--s, Mum. Son g Go
gay Of cotton:
After opening unchanged to points decln
iii sympathy with wenl Liverpool futures
which closed point lower, and spot sales o.
1000 bales at unchanged prices the marko
sold of TO points under liquidation. tdrhe
strong on reports OF too much rain in Texa
and covering. advanced prices to points
iiuctuated within 4 points aud closed stead.
] to . points net advance over yesterday
Liverpool continues to be a fair buyer o
near months The three days holiday nea
AT hand held bears in check aud the bull
made the most of the rain news II Will re
OUR great deal Of rain to do much NOR
than retard the crop and an opportunity &
purchase will yet be afforded at very mucl