The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-07-22
COTTON MARKET REVIEW
Conditions as Summarized by The Posts
New York Correspondent.
TALENT SAYS KEEP OFF SUMNER OPTIONS
Vail Months VIII Advance on Amy
Reports of Damage to New Crop.
Trade Notes.
tsp.eI., to IN. Po.t.l

New York. July 21.--rhe Gales OF cotton
options are running at q rate OF some 200. 900
to 100000 bales a day iust now on the New
York exchange quantity equal to the usual
winter active season. and those who make
n living by scalping and on commissions are
reaping the harvest.
MIR. John Black, while speaking to The
Post correspondent the other day. pointed TO
the board where tho transactions are record
ed and said: THAT tells the story. So far as
fluctuations are concerned. with such n
VOLUME Of business a daily range of 20 to 80
points is nothing strange. The SPECTATORS
are prepared now to take small profits and
the rapid advances and declines are to be
expected"
As to a dAy-to-day market this is tho best
explanation to be obtained regarding cotton
prices. The operator who last year was
hardly satisfied with cents profit is today
willing to gather in 20 points and change his
position from that OF a bull to a bear or
WIGS versa.
SO we may expect and have found thus far
the Jogging up and down of quotations with
possible profits to those who we're on the
right side for the time being.
1t has been stated repeatedly in The Post
that raid on August would in ali probability
take place so soon as July was well in con-
troll by those who were most Interested in
the present SPOT month July has sold IN
New York at 1921 uud during this last week
August has sold at prices cent lower.
July is practically out Of the run
King and as TO the Old crop, August
holds the only interest The apparent cou-
dition OF affairs is probably this: The dealers
III actual cotton have found themselves a.
uresept npuras our nj busIn,ss and vhilo
-, I,..
tueN were lu1'ed 10 take AAuu III JulS
through speculative reasons their only OBJ
TOO, rov, can he ia hiring the neyt current
-
H1-'H u""- 70 a n"H'1 "u''S AA3Hu'a"'1'V VI >
can huy the commodity AM sell their goods
1T a profit with July IN hand. they have
.-,sAos,. Ann, .., a. :, -, ,,,,,,r.s. IN.
80 'l'e "I - - ,s - 80 " 10, ~
Luu'tI ".'u - 80 t''Nt ~ 49, - tS'
DIV a Sesk orr has peln ,ariiCd on unu
ever ~, tfductNu uaa "eel ., No'H,
p,.SHt'' ms Iuo'L-, N''u ~. 10 lpa| s~o
pId crop mohlns were eoIurleI' nave 10
eonsuefaolt s%teut Atlpea t.' moves a!"u'
~ UuN lnE ana ~ laFiuS piOH'a o' NV ~ 49,, We
t-on w ~ " ~ t., ~ - "rl
NhIe IL is tasS 10 5al NAY N'@ V'lsan
Is III control H. mlsi tF lG"N tuvei ~ 'u". III
S1est So'tlue.I itt. q. s "a. ''i ',,v, =, ou
hCr su's1 G!Iet7 ~ '1l D. -.,e' Uu d oy9,
man 10 ".W iu,h. wen ~" s'lt 1n uD1.1.
AhHlusL to't'u tl!a' Ivee ~, I1a. ,-t
only thing 10 do '" ali'4Ee ne M"lNe. .l'-.
SO mat you can ouV IN Nolr 'ouu41'' q
VIE IRE az Iyast t''u pI'~'7' .,
80 nun lol lAe ..'ese9l (yIIIIL ut I r
AS 10 tue rev oue sNt wen o'ouv ' ,t
seas lag w. Tec,ag
cIC"'ns talos" n2'e a.lsel' Ill.,, Snk ,'su
bPlIHti- gu" .o '9 i.' -' '". u', '' W go"
mus ms nlaraet ou' rom usuea'u MS Len
lnma IS devastated oV famine ana n'uiu
ana the Iaet can n9t DC oreruum" 'n9. sac
ASitug penn VIA - an suoi mus D. D. o.
C1!Aa uues not I,allN eompale WIN ~. ~
ueoe dEhlnst -Llp"l.'u lhoI W., ..iV NV ~, v. ~,
P'CEs %eaeeS sten ~, ~ N,t Gnn C"' Lose
nal 'ltn oooI MAKE un,s NS, lrt,rr '' T,rr
eens-a -Gauon TO We 6ugsr ana sP,"n ~ ~,
no!nlc eHHets OF proloIEtu WIZ ~ ,"e 70
YOU'D he greet OF eoGIsg, nu' LuI w, tl w.
the lh,ertupHpn OF InulA u',hauV rs , ,u
great ming 70 pe cuuslusi'9 w 9i ~ nas w W.
eald the many hunureu on m,rIUu2 ~ ,r'
lhIu VINO uaNe ana az EuiliN 1871 , ,i
mat prevents me sishles' cnnsl.'i Z, l"I a. O.
any sow CT idlHeuL uoM e. w ~ ~ '"
% the fuI.9er con55l3eI aIl9h Wl n tsEue' ma,
-,9tcrt con5lt,oSs ' Va ranSin 90 Win m
Nv ~ yre,tast sonrSo ~ demon
cuIlh'hhg OF the Eteatrst suul,r OF u,,l'a ~
o1ly oAc 5'eu'' 'e 10 ave - - .,
sAntlluR Gown aho we co.'ou anti ~ 5 Az
tue rue 49, a ~, Az, Ia, 10 80,
teru-S,e the C'g4sv wv ,.'I t"'. 5 r,el
as es'lhat5i' ~ ap'ut t,",,ii, w 'ut voC'e "a
Ut utH'lhu "' 10y. s,i.ue 80,
worst mas u''u anu "a i,N'tulue pln
ougu'n n.unr any u.lNr' 'uN '. . lu ~,
rons thlIhtN Ihe lunu. - lu lue n, Iug ,
ana 'hs en- inent Is Iea1y 10 bqY or gen le'
score Of points So lhe ny ana HoNn tuo'nu
must continue q4t coneelug We h,Nt ere
ouiul ~, tut Llsue5I "su'' N''''"Pii'''
soIoac VIII conU9' prices .,,... ..,.,,,
,,et,,~ets yr,, onon m end snot men ar
working accordingly Any alienation OF N
IN me lutures nste Ms Wouiu occur II inH
W ' al uI''' W ~, e"n a., :" nil, f,r,be,
"The noyt two MONTE arc the critical one