The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-07-19
COTTON IS HIGHER.
A NeiII Tip Caused a Biz Boom at
Liverpool.
NEAR MONTHS ADVANCED ABOUT l5-64D
AsericsD Markets We're Also Active and
Closed Several Points Up.
NEWS OF THE CROP IS WATCHED CLOSELY
The Impending Scarcity Has a Bali
fish Influence Despite situation
I'm the Occfdent,
NEAR MONTHS ADVANCED ABOUT I5.64D
NEWS OF THE CROP IS WATCHED CLOSELY
once Of The Post.
Heuston. wednesdav. IuIy 81

h0bGtOn. w eCDcS0NY. July an
Cotton took a sudden turn for the better
today. despite the critical situation in the
oocideit and the bearish tenor OF news from
dry goods centers. II lie realized BY traders
that the Occidental powers are face TO face
WITH q crisis Of immense proportions. and
ons that may effect trade in all parts Of the
world but al the same time the great scar
city o. cotton. both present and prospective.
70 bound 20 have its effect noon prices. II
may be that the storm cloud IN the East
will deprive statistics and crop news OF all
significance. but just at present threats Of
cotton corner or reports OF injury 10 the
growing orop are az eagerly read by spnner8
end speoulators as the latest China news.
This morning Mr. Henry Neill gave tho
Liverpool oears scare. He told them that
the new crop was in rather a bad way in
many sections and intimated very plainly that
big croD could bot be counted upon be-
spite this prophets absurd estimates last
season the foreigners seem ready to RELY
UPON him aRAin. and LIVERPOOL today Vas en-
big boom as a result Of the Neil tip.
Traders this side are wondering what
would have happened had AR. NELL con-
Guided TO predict an immense yield and to
give statistics to show that there WAS 10
impending scarcity. Perhaps that gentleman
has found out that his beavsh tbs no lonEer
gain eredence. however. and very likely he
VIII 20 70 the other extreme The coming see
son
The American markets followed Liverpool
and also advanced The old crop DELIVERIES al
q rapid rate. while the new CToD months
also showed Improvement.
The range OF prices for the active months
81 nd a g. fuIl
Opened. High Low. Close
August -. 9.ga-2i s.52 $40 9.H-la
January ....... S.a-22 $50 SO 5.2l-2i
August 80. o4s-n s.s 9.4s s.a
OCTOBER ..,..... s.2--23 ~o.3- s.ZJ S.-6-21
r. r. Richardson ia discussing the mar
ket. SAID. The LIVERPOOL cotton market
made an unprecedented advance on the near
months this morning, July August closinI
~ .43 bid. l612 biths higher than yesterday
The lev crop months were quite arm also
iJed demand. 3-lGd higher with 800 bales
told to spinners. Gables from there quotes
lir. Henry Nell OF New Orleans as sayini
that the cotton crop was backward. badl
IN grass and weeds and many aelds aban
doued. American markets advanced sharply
August In New Orleans selling at one tim
TODAY al 9.13. against 500, the low point
yesterday; August in New York 9.52, againi
-, tho lowest yesterday. The close shove,
. net gain OF So points IN New orleans an
81 ia New York. With the fall months u /
- higher
Rains were reuorted IA narv actions 9
the belt. Texas getting more than her share
The recent general rains In tiils state hav
undoubtedly been OF great bcnett 10 IA
cotton plant. although they have made %
speculative position Of August cotton 90
New Orleans and New York much stronger
inasmueh as shedding OF blooms. squares an
hollis will be general. and the early nrom
ises Of a good August movement from Sout
1'exas can no. be fulfilled
Local buyers report more inquiry for IA
shipments from spiuners but little desire
make engagements Is shown Stocks q
spot cotton are being grRdua,T reduced q
all points. New Orleans has been reCeivin
considerable cotton shipped there to dcllv,
an July contra Is, but they are shipping NOR
than is being received, which is causing cor
sternation among August shorts
The New York SPOT market was advance
Sis and Galveston H. New Orleans 80
Houston remaining unbalanced.